Brokerages have recommended subscribing to SBI Funds Management’s Rs 9,813 crore initial public offering (IPO), citing its market leadership, strong earnings growth, healthy return ratios and reasonable valuation relative to listed peers. While most recommend the issue for long-term investors, some also see potential for listing gains.
Mumbai: The Shapoorji Pallonji Group‘s 14.5% senior secured dollar notes due July 2029 remained unchanged on Tuesday, despite the latest development around Tata Sons that could help unlock liquidity for the debt-heavy group. The bonds were quoted around $100.226 Tuesday, as against $100.264 at the previous close, according to Bloomberg data. The regulatory push to…
NPS Vatsalya, the National Pension Scheme’s spin-off for children, allows parents to open and operate a pension account for their minor child till they attain majority age. Notably, the child retains sole beneficiary status, and the account can be easily converted to a standard NPS account after they reach 18 years of age. Further, all…
Federal Reserve officials have gone quite a long way to offer strong signals into possible direction of interest rates despite chairman Kevin Warsh’s strong reluctance to give any guidance whatsoever, and that has helped traders reassess their positions on the rate decision, according to a Bloomberg report. Fed Vice Chair Philip Jefferson and New York…
Shares of flagship Adani Group firm Adani Enterprises gained more than 4% to Rs 3,085 on the BSE on Wednesday after its airport arm, Adani Airport Holdings Ltd (AAHL), announced plans to raise Rs 9,825 crore, or around $1 billion, through a primary equity issue from a consortium of marquee domestic and global investors. The…
The Employees’ Provident Fund Organisation (EPFO), in a recent post on its official X handle, highlighted changes to the rules governing EPF advances. The communication focuses on helping members understand and access their provident fund savings when required, particularly for essential needs such as medical treatment, education and housing. The objective is to make the…
Mumbai: Indian mutual funds are closing in on foreign portfolio investors (FPIs) in their share of domestic equities, with the ownership gap narrowing to around 230 basis points, the lowest on record. The share of mutual funds’ holdings in Indian equities rose to a record 11.7% in September, while that of FPIs fell below 14%,…
Agencies
as a Reliable and Trusted News Source
