Around six new mutual fund schemes will open for subscription between August 24 and August 28. The upcoming launches include three target-date life cycle funds from ICICI Prudential MF, along with passive FoF offerings from HDFC MF and ICICI Prudential MF, and an equity fund from The Wealth Company.
Shares of Tata Elxsi slipped 6% to their day’s low of Rs 3,474 on the BSE on Wednesday after it reported a net profit of Rs 170.6 crore for the quarter ended June 30, 2026, marking a growth of 18.2% year-on-year (YoY). Revenue from operations rose 14.5% YoY and 2.8% sequentially to Rs. 1,021.1 crore….
Axis Bank and Max Financial are in talks for the former to raise its stake in their insurance joint venture and also a potential reverse merger of Axis Max Life with its listed promoter parent. The company reported a 17% rise in individual adjusted first-year premium, a 33% increase in value of new business (VNB),…
Shares of IT stocks, including heavyweights Tata Consultancy Services (TCS), HCL Technologies, Infosys, and others, surged up to 7% on Monday, pushing the Nifty IT index around 4% higher despite the overall bearish sentiment on Dalal Street. Nifty IT surged over 1,000 points to 29,038, as seen at 12.30 pm. Notably, this is the highest…
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…
Do you have ₹5 lakh to park safely for five years? Have you devised a strategy to invest these funds? What is your long-term strategy to build a meaningful corpus out of these investments? It is vital for aspiring investors to answer these questions before making any investments. Furthermore, to help investors accomplish their objectives,…
Point-of-care diagnostics company Molbio Diagnostics Ltd, backed by Temasek and Motilal Oswal Private Equity, raised Rs 281.5 crore from anchor investors ahead of its initial public offering (IPO). The company allotted 34.88 lakh equity shares to 33 anchor investors at Rs 807 apiece, the upper end of the price band, according to a circular uploaded…