The stocks of diagnostic service providers have been standout performers within the healthcare sector over the past year, posting returns between 16 and 80 per cent. In comparison, the Nifty 50 saw returns of 8 per cent. Stable pricing, expectations of gradual volume growth, and market share expansion for the larger players have stoked increased optimism for listed companies.
In a move to soften the blow of Lehman Brothers' bankruptcy in the Indian stock and asset markets, four banks are set to take over its structured products businesses in India.
Sundaram Select Small Cap Fund is one of the few NFOs that offer some unique features to the investors which will be beneficial to them in the long run.
Can, and has, increased its cash levels in turbulent markets
India CEOs of 12 banks form pressure group within IBA.
R N Subramanian, manager-foreign exchange, Canara Bank, will be the new chairman of the Forex Association of India for the current financial year 2004-05
Conservative industry estimates place the cash component of mutual fund houses at Rs 25,000 crore (Rs 250 billion). Fund houses had up to 15 per cent in cash, as per the April 30 figures. The cash component exceeded 15 per cent in as many as 30 diversified equity growth funds.
Mutual fund houses are bullish on the financial sector, notwithstanding the recent beating at the stock market. Fund houses like Kotak Mahindra AMC, Sundaram BNP Paribas & LIC Mutual Fund have drawn up plans to introduce products aimed at the financial services sector. Bank stocks for long had been one of the favourite picks for many fund managers. There was a slowdown in valuations of financial sector stocks but Indian corporate entities still continue to remain attractive.
The bottom lines of several private sector banks have taken a hit following the recent guidelines released by the Reserve Bank of India (RBI) on alternate investment fund (AIF) investments. Last month, the RBI announced that regulated entities, such as banks, non-bank lenders, and home financiers, cannot invest in AIFs that have directly or indirectly invested in companies that have borrowed money from the lenders. In case an entity had already made such an investment, they must liquidate the investment or make 100 per cent provision, RBI had said.
Clearly, some of the bullishness of the early days has gone missing. Ola's market share is slipping amid rising competition from incumbents like Bajaj Auto and TVS.
SLF first identifies the sectors it wants to invest in and then picks up the leaders within these specific sectors
Etrade, BNP Paribas, Bank of Muscat are all picking up stakes in many of the Indian brokerage firms. So what is so attractive about them?
India's tennis legend Leander Paes and Rohan Bopanna moved to the pre-quarterfinals of the ATP BNP Paribas Masters with their respective partners after getting byes in their first rounds in Paris.
Elena Vesnina survived a battle of attrition and nerves to beat fellow Russian Svetlana Kuznetsova 6-7(6), 7-5, 6-4 in the BNP Paribas Open final on Sunday and secure the biggest title of her career.
The draw for the September 19-21 play-offs was announced on Wednesday.
Photos from the tennis matches played at Indian Wells on Tuesday
With India's EV penetration at just 2.5 per cent, the market presents an opportunity -- provided Tesla gets its pricing right.
As regards India, FIIs have pumped in over Rs 34,400 crore in the Indian stocks in calendar year 2021.
So far in 2019, India has been one of the highest recipients of foreign flows among Asian and Emerging Market (EM) economies
Carlos Alcaraz kept his Indian Wells 'three-peat' campaign on track with a straight sets win against Canadian Denis Shapovalov in the third round.
Novak Djokovic has formally withdrawn from the draw for the Indian Wells tournament, organisers said on Sunday in an indication that the world number one's application for a COVID-19 vaccine waiver to enter the US might have failed.
IMAGES from matches played at the BNP Paribas tennis tournament played in Indian Well, California, on Thursday
'Those betting against PSUs will likely be punished in this upswing.'
Rohan Bopanna and Florin Mergea suffered first round defeat for the second time in a row, crashing out of the BNP Paribas Open in Indian Wells.
Muguruza used her experience to get out of trouble, eventually set up a meeting with Ukrainian 10th seed Elina Svitolina in just over two hours under a relentless sun at Indian Wells.
Osaka, 21, said she lacked maturity when as a relative unknown player she won the tournament last year to kick off her meteoric rise through the rankings.
Carlos Alcaraz swatted aside a swarm of bees and world number six Alexander Zverev to reach the semi-finals at Indian Wells.
Sania Mirza and Martina Hingis saw off the challenge of Australian team of Casey Dellacqua and Samantha Stosur to move to the second round of the BNP Paribas Open, Indian Wells. The top seeded Indo-Swiss pair defeated their rivals 6-3 7-5 in just 68 minutes in their opening round of the USD 6,844,139 hard court event. Sania and Martina saved four of the six breakpoints they faced in the match and broke their rivals five times in the tight contest. They next face local girl Vania King and Russia's Alla Kudryavtseva, who beat Germany's Anna-Lena Groenefeld and Czech Republic's Barbora Strycova 4-6 6-3 10-5. In the men's event, Rohan Bopanna and his Romanian partner Florin Mergea, seeded fifth, are up against Spanish team of Feliciano Lopez and Marc Lpez in their first round of the USD 7,037,595 event.
The rupee depreciated 22 paise to a record low of 78.59 against the US dollar in opening trade on Tuesday as persistent foreign funds outflows weighed on investor sentiments. At the interbank foreign exchange, the rupee opened on a weak note at 78.53 against the American dollar, then lost ground to quote at 78.59 -- its all-time low level, registering a fall of 22 paise from the last close. On Monday, the rupee declined by 4 paise to close at its life-time low of 78.37 against the US dollar.
'Recent underperformance notwithstanding, equities should constitute a major part of investors' financial portfolio.'
Third seed Stan Wawrinka was sent packing in the round of 16 at the BNP Paribas Open in California on Wednesday and was very nearly joined by Rafael Nadal, who pulled off a Houdini-like escape to reach the last eight.
Four-times Grand Slam champion Naomi Osaka looks set to return to tennis shortly after getting 'that itch' to play again.
IT services major LTIMindtree reported a net profit of Rs 1,100 crore for the fourth quarter of financial year 2023-24 (FY24), down 1.2 per cent year-on-year (Y-o-Y) from Rs 1,141 crore in the same quarter last financial year. Revenue grew 2.3 per cent Y-o-Y for the fourth quarter to Rs 8,892.9 crore. Sequentially, revenue was down 1.4 per cent.
Gold prices have been on an uptrend in the last few months, rising nearly 28 per cent to $2387 per ounce now. This rise in gold price, according to Christopher Wood, global head of equity strategy at Jefferies, is attributed to the demand from China amid lack of investor euphoria as regards the yellow metal. "Recent developments show a distinct lack of investor euphoria as regards gold, the question remains what is driving the current rally.
Novak Djokovic crushed Britain's Andy Murray 6-2, 6-3 to set up final against Roger Federer.
Serena Williams' decision to end a 14-year boycott of the BNP Paribas Open has been warmly welcomed by her peers with good friend and rival Caroline Wozniacki saying it was "great for tennis".
American qualifier Sachia Vickery completed an astonishing comeback to stun third seed Garbine Muguruza 2-6, 7-5, 6-1 in a second-round win at the BNP Paribas Open in California on Friday.
