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Sebi mulls easing executive remuneration disclosure norms for AMCs
Markets regulator Sebi on Wednesday proposed easing executive remuneration disclosure requirements for asset management companies (AMCs) by replacing individual name-wise disclosures with consolidated disclosures, citing industry concerns over privacy and competitive disadvantages. "This would provide a holistic and structured view of senior management compensation, enabling unitholders to assess the overall quantum of remuneration at the senior management level, while aligning the level of disclosure with considerations of materiality and proportionality," Sebi said in its consultation paper. Currently, mutual fund AMCs are required to disclose on their websites the remuneration of chief executive officers (CEOs), chief investment officers (CIOs), chief operating officers (COOs), the top 10 highest-paid employees, and all employees earning at least Rs 1.02 crore annually or Rs 8.5 lakh per month if employed for part of the year. Sebinoted that while listed AMCs are already subject
Indian IT stocks could deliver 40-70% earnings growth over three years: Sowilo's Sandip Agarwal
Sandip Agarwal, Fund Manager at Sowilo Investment Managers, is particularly bullish on small- and mid-cap IT companies and also sees opportunities in data centre infrastructure, cooling systems and related industrial sectors.
Nifty 500 Q4 Review: HDFC Bank, Indian Oil, Tata Motors Among Top Winners, Losers; Key Sector Trend — Read Motilal Oswal's Report
Of the 23 key sectors, 14 posted double-digit profit growth in Q4 FY26.
Infosys Ltd eases for fifth straight session
Infosys Ltd is quoting at Rs 1172.3, down 1.29% on the day as on 13:19 IST on the NSE. The stock tumbled 26.55% in last one year as compared to a 7.57% slide in NIFTY and a 25.98% fall in the Nifty IT index.
HCL Technologies Ltd slips for fifth straight session
HCL Technologies Ltd is quoting at Rs 1138.9, down 1.08% on the day as on 13:19 IST on the NSE. The stock tumbled 31.72% in last one year as compared to a 7.57% slide in NIFTY and a 25.98% fall in the Nifty IT index.
Tata Consultancy Services Ltd eases for fifth straight session
Tata Consultancy Services Ltd is quoting at Rs 2140.6, down 0.5% on the day as on 13:19 IST on the NSE. The stock tumbled 38.18% in last one year as compared to a 7.57% slide in NIFTY and a 25.98% fall in the Nifty IT index.
Tata Mutual Fund Curbs Large Inflows Into Gold ETFs Amid Record Surge in Demand
Tata Mutual Fund offers investors two routes to gain exposure to gold ETFs.
Gold slumps most in two months as jobs fuel Fed rate-hike bets
Bullion declined as much as 3.4% as bond yields and the dollar climbed after the latest US data showed job growth topped all forecasts in May. The strength in the labour market keeps the door open for Fed officials to hike rates as Middle East tensions fuel higher energy prices.
Silver Slumps Nearly 7% To Below $70/Ounce; Gold Tumbles 5% On Fed Pivot Jitters; Check MCX Rates
The sudden decline comes after job growth in America exceeded all expectations with nonfarm payrolls increasing to 172,000 and the unemployment rate holding steady at 4.3%.
Tata Power Company Ltd down for fifth straight session
Tata Power Company Ltd is quoting at Rs 411, down 0.18% on the day as on 13:19 IST on the NSE. The stock jumped 4.43% in last one year as compared to a 5.65% slide in NIFTY and a 12.98% spurt in the Nifty Energy index.
ET Alpha Wealth Summit: A 12% return is a really good job in markets, says HSBC MF CEO Kailash Kulkarni
HSBC Mutual Fund CEO Kailash Kulkarni urged investors to keep return expectations realistic, saying a 12% annual return is a strong outcome in equity markets. Speaking at the ET Alpha Wealth Summit, he highlighted export-led manufacturing as a key long-term opportunity and said AI could empower retail investors through better access to information.
Top Gainers & Losers on June 2: Newgen Software Tech, Concord Biotech, TCS, HFCL, NMDC among top gainers
On June 2, Indian stocks rebounded with benchmarks up over 0.5%, driven by technology shares. The Nifty 50 and Sensex closed at 23,506 and 74,692, respectively. However, India fell to seventh in global market capitalisation due to overseas selling and weak earnings growth.