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Analysts at global brokerage firm Jefferies remain bullish on Belrise Industries and have reaffirmed their ‘Buy’ rating on the auto components and equipment manufacturer, citing strong new-order traction in the automotive segment and the company’s expanding presence in non-auto sectors such as renewable energy and aerospace.Jefferies analysts Nitij Mangal, Sagar Sahu, Kevin Verghese and Rishi…
New Delhi-based India Exposition Mart, which operates India Expo Centre and Mart in Greater Noida, has filed draft papers with Sebi to raise funds through an initial public offering. The IPO comprises a fresh issue of up to 75 lakh equity shares and an offer for sale of up to 2.3 crore equity shares by…
Brokerage firm HDFC Securities has reaffirmed its ‘Buy’ rating on Multi Commodity Exchange of India (MCX), saying regulatory easing could expand the participant base, broaden product offerings and lower margin requirements. The brokerage expects FPI participation in deliverable contracts and new bullion and metals index options to drive the next leg of growth, with a…
Deepak Shenoy, Founder and CEO of Capitalmind Mutual Fund, has discussed SIPs on X. The post has gone viral, already garnering more than 65,000 views. Shenoy noted monthly SIP investments had now reached ₹31,000 crore nationally. Shenoy argued the primary benefit wasn’t actually price averaging, contrary to popular belief. Most people have a monthly SIP;…
Tripura Finance Minister Pranajit Singha Roy said that financial constraints is a major challenge to narrowing the dearness allowance (DA) gap for state employees and pensioners when compared to their central government counterparts, PTI reported. “The state government has a target to reduce the gap in DA between state government employees and central government staffers,…
Thinking of gifting Bitcoin, Ethereum or another crypto asset to a family member or friend, but wondering if it is even allowed in India, and how it works? Pranav Pagaria, Head of Finance & Strategy, CoinDCX, explains the legality of crypto gifting and the key tax and compliance rules investors should keep in mind. Can…
Livemint For about a decade, Livemint—News Desk has been a credible source for authentic and timely news, and well-researched analysis on national news, business, personal finance, corporates, politics and geopolitics. We bring the latest updates on all the listed companies on BSE and NSE, startups, mutual funds, Union ministries, geopolitics, and untapped human interest stories…
Livemint For about a decade, Livemint—News Desk has been a credible source for authentic and timely news, and well-researched analysis on national news, business, personal finance, corporates, politics and geopolitics. We bring the latest updates on all the listed companies on BSE and NSE, startups, mutual funds, Union ministries, geopolitics, and untapped human interest stories…
For many mutual fund investors, adding another scheme to their portfolio feels like a simple way to spread risk. But owning a larger number of funds does not necessarily mean owning a more diversified portfolio. In fact, investors can hold several schemes while remaining heavily exposed to the same stocks, sectors or market-cap segments. Experts…
The CBDT is giving small taxpayers, NRIs and employee stock option holders until 31 December to avoid severe Black Money Act penalties, but this immunity comes at a steep cost.