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.
Asian equities edged lower as technology shares remained under pressure, with Samsung Electronics Co. declining after its earnings report. The MSCI Asia Pacific Index fell 0.3%, with decliners narrowly outnumbering gainers. Technology stocks led the losses, with Samsung falling over 5% even after quarterly profit surged 19-fold. The Kospi Index retreated 3.5%, while SK Hynix…
In a recent report, the brokerage has shortlisted 10 blue-chip stocks across multiple sectors that it believes offer attractive value and the potential to deliver returns of up to 49% return. Here’s the full list.
A mysterious foodborne parasite outbreak has affected at least 145 people across 17 US states, while a separate surge in southeastern Michigan has sickened more than 150 people, health officials said. Investigators from the US Centres for Disease Control and Prevention (CDC) and the Food and Drug Administration (FDA) believe contaminated food consumed within the…
NEW DELHI: For Indian dating apps and services, small cities and towns are now driving the growth more than the metros.According to companies like Aisle and Truly Madly, which have millions of users and position themselves as “serious” dating apps, and bespoke high-end dating services like Sirf Coffee, a lot more users from such places…
The 8th pay commission is seeking candidates for full and part-time consultant roles on a contractual basis. Eligible applicants can send in their entries through a form on the CPC’s website, according to the posted notice. It added that the vacancies are for a fixed period and require “high end services or for attending to…
HDFC Flexi Cap Fund, India’s second-largest flexi cap scheme with assets under management (AUM) of ₹1.06 lakh crore, added four new stocks to its portfolio in June while increasing holdings in 18 existing companies and reducing exposure to 25 others, according to the fund’s latest monthly portfolio disclosure. The fund has been managed by Amit…
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