The capital market regulator SEBI is expected to roll out stringent product criteria for new players entering the mutual fund business through the MF Lite regulations. To encourage more entrants into passive asset management, SEBI issued a consultation paper to reduce the networth and profit track record criteria for companies interested only in managing assets…
Target: ₹265 CMP: ₹199.05 Aditya Birla Capital’s AUM grew 6 per cent q-o-q despite Personal/Consumer AUM declining 2 per cent q-o-q. Overall asset quality (AQ) was stable with GS3 improving about 4 bps q-o-q while unsecured saw an increase of about 10 bps. RoA and RoE declined marginally to 2.3 per cent and 15.6 per…
With the induction of Noel Tata as the new chairman of Tata Trusts, the Shapoorji Pallonji group is understood to be keen to push for a listing of Tata Sons, even as the Tata group is doing everything possible to keep it unlisted and privately owned, sources said. The Tata group will ensure that Tata…
NSE posted a consolidated net profit of ₹3,137 crore for the quarter ended September, up 57 per cent year-on-year. Total income grew 25 per cent to ₹5,023 crore. Apart from trading, revenue from operations was supported by other revenue lines including clearing services, data centre and connectivity charges, listing services, index services and data services….
SEBI has allowed mutual funds (MFs) to invest in overseas funds or unit trusts that invest a specific portion of their assets in Indian securities. In a circular issued on Monday, the regulator said at the time of making investments (both fresh and subsequent), Indian MF schemes will have to ensure that the overseas MF/UTs…
Benchmark indices fell over a per cent on Monday with top corporates reporting flattish growth during the second quarter. The US Presidential election and an interest rate decision from the US Federal Reserve later this week also weighed on sentiment. The Sensex declined 1.18 per cent to 78,782, while the Nifty slid 1.27 per cent…
The Securities and Exchange Board of India (SEBI) has passed an interim order directing the suspension of Aravind Maiya, from acting as the chief executive officer of Embassy Office Parks Management Services, the manager to Embassy Office Parks REIT, in connection with the audit of a funds diversion case by Coffee Day Enterprises. The regulator…
The Securities and Exchange Board of India (SEBI) has passed an interim order directing the suspension of Aravind Maiya, from acting as the chief executive officer of Embassy Office Parks Management Services, the manager to Embassy Office Parks REIT, in connection with the audit of a funds diversion case by Coffee Day Enterprises. The regulator…
Niva Bupa Health Insurance Company has fixed the price band of ₹70-74 a share for its forthcoming initial public offering that will open on November 7 and close on November 11. The IPO is a mix of fresh issue of up to ₹800 crore and an offer of sale up to ₹1,400 crore by Bupa…
Target: ₹850 CMP: ₹704.65 Consistent focus on strategy towards equities coupled with industry tailwind led to gain in market share at ~8.29 per cent (blended basis) and about 18.3 per cent for ETF bodes well. Consistent scheme performance, robust SIP flows (market share increased 60 bps Q-o-Q at around 12.6 per cent) and accretion in…
