2023 has seen some beautiful performances in films that released on OTT as well as in theatres.
If you have an appetite for crowds and the visual spectacle of many focused on one task or activity, a pooram will engage you, notes Shyam G Menon.
A five-judge Constitution bench headed by Chief Justice D Y Chandrachud, which was hearing an application filed by the Election Commission (EC) seeking a modification of the operative portion of its March 11 order in the electoral bonds case, directed its registrar (judicial) to ensure that the data filed earlier by the poll panel before it in a sealed cover be scanned and digitised.
'No human bias is involved as happens in active funds.'
Actively-managed large-cap mutual fund (MF) schemes have managed to regain some lost sheen this year after faring poorly in the 2022 calendar year (CY22). At the end of the first six months (H1) of CY23, 78 per cent of the active large-cap schemes were ahead of the Nifty50 index funds as against just 26 per cent in 2022. When compared to the Sensex index funds, 61 per cent active funds have delivered better returns, shows an analysis of Value Research data.
Dominant Formula One leader Max Verstappen ran away with the Hungarian Grand Prix by a mighty margin on Sunday as Red Bull made history with a record 12th victory in a row.
The Indian entrepreneurship success story will soon see one more company debuting on the public markets. Ola Electric, the electric vehicle (EV) company, has become the first such firm that has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for its initial public offering (IPO). This is a fresh issue of equity shares of up to Rs 5,500 crore and an offer for sale (OFS) of more than 95 million equity shares at a face value of Rs 10.
An Extraordinary General Meeting (EGM) of Byju's shareholders got underway on Friday to vote on a resolution brought by some investors to ouster founder CEO Byju Raveendran and his family over alleged "mismanagement and failures". Raveendran and his family stayed away from the EGM, calling it "procedurally invalid."
The improvement in the performance of actively managed mutual fund (MF) schemes is acting as a key tailwind for the nearly Rs 50 trillion industry, Kotak Institutional Equities (KIE) said in a report. The report adds that the two largest listed asset management companies (AMCs) - HDFC and Nippon India - are likely to be the biggest beneficiaries. "The industry has a solid track record of delivering alpha on 10-year returns (70-80 per cent of assets under management (AUM) beat the benchmark), with shorter duration performance also on an upswing.
Mutual funds focused on small-caps have emerged as the winner with a net inflow of close to Rs 11,000 crore in April-June quarter, as fund managers struggle to create alpha in the large-cap space, and the trend is expected to continue for some time. On the other hand, large-cap space, which is yet to pick up momentum, witnessed an outflow of Rs 3,360 crore during the quarter under review, data from the Association of Mutual Funds in India (Amfi) showed. Apart from the June quarter, small-cap funds logged an inflow of Rs 6,932 crore in three months that ended in March.
Its duties include experiments to further understand the lunar surface.
2023 was marked by outstanding sporting achievements, shattered records, and the crowning of new champions, all captured by photographers documenting every significant twist and turn.
Post the change in debt fund taxation in March, a lesser-known hybrid fund has emerged as one of the alternatives for fixed-income investors. Equity savings schemes, the smallest hybrid fund category in terms of assets, have raked in around Rs 6,000 crore this financial year (FY24) so far compared to Rs 1,100-crore outflow in FY23. The inflows along with a strong performance led to a 50 per cent surge in assets under management (AUM) to Rs 24,100 crore during April-November, shows data from the Association of Mutual Funds in India (Amfi).
Several Opposition leaders, including former Congress chief Rahul Gandhi, on Wednesday attacked the government over a media report claiming that a key Adani group investor is also co-owner with the conglomerate in a defence firm.
Priyamani's got style tips for everyone -- boomers, Gen X, Z and Y, millennials and Gen Alpha.
'The market should maintain optimism on the back of range-bound oil prices, a robust fiscal balance sheet, a better-than-expected monsoon, and moderating inflation.'
Byju's plans to raise funds at a lower valuation of $7-8 billion as the embattled edtech major looks to shore up its financials with adequate liquidity, a senior company executive said on Tuesday. Banking on overall "improved performance", Think and Learn, the parent of Byju's, is hopeful of a higher valuation ahead of its rights issue being planned in February to raise funds. Byju's India chief financial officer Nitin Golani said the company is in need of funds and plans to raise it at a lower valuation to make the offer lucrative for investors as well as ensure adequate liquidity support for the edtech firm.
Rohit's men start overwhelming favourites but Shaheen, rain pose threat
The legal battle between Byju's and lenders in the US on the edtech firm's $1.2-billion term loan B (TLB), along with the company skipping an interest payment of $40 million on the loan, has made the other investor Davidson Kempner Capital Management, "extremely concerned", according to the people familiar with the matter. They said Byju's has closed a Rs 2,000-crore ($250 million) round from the US-based investment firm and it may stop or consider slowing down the flow of various tranches of that capital to the company. It may also decide not to provide any new funding or participate in any such round in the future, the sources said.
The queue for mutual fund (MF) licences has thinned down due to quick clearances by the Securities and Exchange Board of India (Sebi) alongside applications being withdrawn amid regulatory changes. There were, at the end of September, only two pending MF applications: By AngelOne and Unifi Capital. By comparison, there were 11 applications lying before the market regulator at the start of calendar year 2023.
The bulk of an investor's portfolio should be in shorter-duration funds of up to one year portfolio duration.
'India's edtech and start-up story will be in danger.'
Foreign Portfolio Investors (FPIs) have pulled out over Rs 10,000 crore from Indian equities in the first three weeks of September, primarily due to rising US interest rates, recessionary fears, and overvalued domestic stocks. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. Mayank Mehra, smallcase, manager and principal partner at Craving Alpha,believes that strong economic growth prospects, attractive valuations, and government reforms could support foreign investment flows in the next month.
Foreign portfolio investors (FPIs) have withdrawn over Rs 12,000 crore from Indian equities this month so far, mainly due to a sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. However, the story takes an intriguing turn on observing FPI activity in Indian debt as they have infused over Rs 5,700 crore into the debt market during the period under review, data with the depositories showed. Going ahead, the trajectory of FPIs' investments in India will be influenced not only by global inflation and interest rate dynamics but also by the developments and intensity of the Israel-Hamas conflict, Himanshu Srivastava, associate director - manager research, Morningstar Investment Adviser India, said.
Red Bull's triple Formula One world champion Max Verstappen won a US Grand Prix sprint race from pole position on Saturday after an early challenge from Mercedes's Lewis Hamilton.
Verstappen's hopes of a record-extending 11th successive victory looked a long shot on a city circuit where overtaking is never easy.
In a dazzling resurgence, foreign investors have graced the Indian equity markets with an influx of nearly Rs 1.5 lakh crore in 2023, fuelled by optimism over the country's resilient economic fundamentals amid shadows of a gloomy global scenario. Experts believe that the positive trend may continue in 2024. This follows Indian equities witnessing the worst-ever net outflow of Rs 1.21 lakh crore by FPIs in 2022 on aggressive rate hikes by the central banks globally after net inflows for three consecutive years.
The Lander and the Rover have scientific payloads to carry out experiments on the lunar surface. The main function of the Propulsion Module (PM) was to carry the Lander Module (LM) from the launch vehicle injection till final lunar 100 km circular polar orbit and separate the LM from PM, which it did.
'Certain groups should be more cautious, especially the 60-plus population, and the population which suffer from co-morbidities like diabetes and hypertension.'
Chandrayaan-3 mission's rover 'Pragyan' has traversed a distance of about eight metres on the lunar surface, and its payloads have been turned on, ISRO said on Friday.
The Royal Observatory Greenwich shortlisted 34 images for its Astronomy Photographer Of The Year 2023 competition from thousands of entries received from all over the world.
Max Verstappen took the 50th win of his Formula One career, and record-equalling 15th of the season
Charles Leclerc put Ferrari on pole position for Sunday's US Grand Prix after Red Bull's triple Formula One world champion Max Verstappen had a faster lap deleted for exceeding track limits and dropped to sixth on the grid.
Sergio Perez beat teammate and championship leader Max Verstappen to win the Azerbaijan Grand Prix on Sunday and continue Red Bull's Formula One domination with a double success in Baku.
Carlos Sainz lapped Monza's "Temple of Speed" with a fastest time of one minute 20.294 seconds, 0.013 quicker than Max Verstappen's final flying lap.
A 29-year old man died on Tuesday after being seriously injured in violent clashes between fans of the AEK Athens and Dinamo Zagreb soccer clubs before a scheduled match in Athens.
Sugar prices are hovering near six-year highs, leaving a bad taste in Indian consumers' palates but sweetening the portfolios of investors in related stocks at Dalal Street. Shares of sugar manufacturers such as Piccadily Agro, DCM Shriram, Magadh Sugar, and Bajaj Hindustan have rallied up to a whopping 200 per cent so far in the financial year 2024 (FY24) as deficient monsoon rains in major sugarcane producer states like Maharashtra and Karnataka are expected to lead to a shortfall in sugar output ahead. In comparison, the BSE Sensex has modestly gained 11 per cent during this period.
Max Verstappen added his name to the list of triple Formula One World champions on Saturday after Red Bull team mate and sole title rival Sergio Perez crashed out of the Qatar Grand Prix sprint race.
The yet-to-be peer-reviewed study, posted recently on the preprint repository BioRxiv, found that the Alpha, Beta, Delta, and Omicron variants exhibited more than two-fold longer survival on plastic and skin surfaces, than the Wuhan strain.
Max Verstappen put Red Bull on pole position for his home Dutch Grand Prix at Zandvoort for the third year in a row