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Zerodha Fund House on Wednesday rolled out the Zerodha Arbitrage Fund, an open-ended equity scheme designed to capitalise on arbitrage opportunities between the cash and derivatives segments. The New Fund Offer (NFO) features a minimum subscription threshold of ₹5,000. Target investors include those seeking a low-volatility venue to park surplus funds for relatively brief holding…
Four equity mutual fund categories — large-cap, dividend yield, value, and ELSS funds — witnessed net outflows in July 2026, even as most delivered positive returns during the month. While large-cap and value funds slipped into outflow territory after seeing inflows in June, dividend-yield and ELSS funds continued to see withdrawals. What drove this trend,…
Markets regulator Sebi on Wednesday lowered the Z-score limit used for stress testing in the commodity derivatives market to 5 from 10, in a move aimed at easing compliance for market participants. Under the existing framework, price movements corresponding to a Z-score of 10 replace extreme price movements beyond that threshold in peak historical returns…
Pilani Investment and Industries Corporation is set to sell approximately 1.7 million equity shares of UltraTech Cement through a vendor sale on the screen-based trading platforms of Indian stock exchanges, with the trade expected to take place on Thursday, August 13, 2026. The offer represents approximately 0.57% of UltraTech Cement’s existing total outstanding equity shares,…
Apollo Hospitals Enterprise on Wednesday, August 12, reported a 38.4% year-on-year (YoY) jump in consolidated net profit to Rs 610 crore for the quarter ended June 30, 2026 (Q1FY27), compared with Rs 441 crore reported in the corresponding quarter of the previous financial year. Revenue from operations rose 20.6% YoY to Rs 7,044 crore in…
Bank of America will acquire up to 49.9% stake in Jio Credit, a unit of Jio Financial Services , for as much as 182.68 billion rupees ($1.92 billion), the companies said on Wednesday. The U.S. lender will be a joint venture partner in Jio Financial’s non-bank lending arm through a preferential allotment of equity shares…
Indel Money, a non-deposit taking non-banking finance company, on Wednesday said it proposes to raise up to Rs 500 crore through public issue of non-convertible debentures (NCDs) of face value of Rs 1,000 each. The issue opens on August 18 and closes on August 31 with an option of early closure, subject to relevant approvals,…
Nebius shares surged nearly 22% on Wednesday after the cloud-computing company beat quarterly revenue estimates, driven by booming demand for AI infrastructure, larger contracts and higher prices, Reuters reported. The stock traded between $216.11 and $235.96 after opening at $226, compared with its previous close of $193.23. Nebius reported its results a day after its…
Bank fixed deposits (FDs) remain a preferred investment option for risk-averse investors and those seeking predictable returns. While FDs can provide stability and guaranteed interest income, investors should compare rates across banks and choose the tenure based on their financial goals. According to data from BankBazaar, DCB Bank, RBL Bank, YES Bank, Tamilnad Mercantile Bank…
Suppose you have jointly owned residential property with your sibling or with someone else, with each of you holding a 50% share. Later, you buy the co-owner’s 50% share and become the sole owner of the property. After that, you sell the entire 100% of the property. In such a case, calculating capital gains tax…