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UTI AMC’s V Srivatsa bets on IT, sees banks and insurers poised for rerating
V Srivatsa, Executive VP-Equity at UTI AMC, remains positive on large private banks despite near-term pressure on NIMs, citing attractive valuations and stable credit costs. He also sees value emerging in IT stocks, where growth remains at 3-5% despite AI concerns, with companies trading at 5-6% free cash flow yields. Srivatsa prefers AMCs over exchanges within financial services and is overweight on life insurance, expecting better growth and rerating potential ahead.
Aditya Birla group, KKR left in race for Sprng Energy
Aditya Birla Group and KKR are vying to buy Shell's renewable energy firm Sprng Energy. Binding financial bids are in, and Shell will negotiate with the top two contenders next week. India's National Investment and Infrastructure Fund and Actis are out of the running. The deal could be worth around $2 billion. Shell is reviewing strategic options for Sprng Energy.
Profit booking limits paper gold rally post duty hike
The overnight hike in import duty on Wednesday drives ETF holders to book profits, limiting the rally to 6%.
Gold volume growth may dip 10–15% after duty hike, say jewellers
India's gold and silver import duty hike may affect jewellery sales volumes initially. Industry leaders believe demand will stay strong due to gold's cultural and investment importance. Consumers might opt for lighter jewellery. The government aims to conserve foreign exchange and boost domestic gold recycling. Initiatives are underway to encourage circulation of idle gold.
‘Time for alpha’: Motilal Oswal AMC CEO sees these sectors leading next market cycle
Motilal Oswal AMC MD & CEO Prateek Agrawal said the current market environment favours active investing and emerging growth sectors over traditional index-heavy plays. Agrawal also said gold duty hikes were less severe than expected and added that mutual fund inflows remain stable despite market volatility.
Senco Gold sees limited risk to FY27 growth despite higher gold import duty
Senco Gold MD & CEO Suvankar Sen expects old gold exchanges, lighter jewellery demand and elevated gold prices to cushion the impact of higher import duties, even as the industry braces for weaker volumes and tighter regulation.
Gold, Silver Rates Today LIVE: MCX gold rate above ₹1.62 lakh, silver prices jump over 6% after import duty hike
Gold, Silver Rates Today LIVE: Strong domestic investment demand for gold persisted. Indian gold ETF inflows jumped 186% YoY to a record 20 metric tons in the March quarter.
Aditya Birla Health bets on wellness incentives to improve claims ratios
Aditya Birla Health wants to reward healthier customers, nudge those on the edge to be more consistent, and, lastly, intervene with high-risk customers to help them manage their health.
Aditya Birla Capital allots 2.72 lakh equity shares under ESOP
Resonia appoints Aditya Mittal as CFO
Resonia, a transmission infrastructure company, has appointed Aditya Mittal as its new Chief Financial Officer. Mittal brings over 15 years of experience from Siemens and Siemens Energy. He will report to CEO Prashant Sinha. Mittal's role will focus on strengthening the company's financial foundation. His expertise is expected to enhance decision-making and governance as Resonia enters its next growth phase.
Jewellery stocks slide after Modi urges Indians to buy less gold
The call for action comes at a time when retailers are already struggling to ensure volume growth due to record high gold prices
South Indian Bank's gold loan growth to slow on new RBI norms, volatile prices
The lender said tighter end-use rules and stricter loan-to-value guidelines could curb growth in its fast-expanding gold loan portfolio despite strong demand.