Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Fintech firm MobiKwik on Monday filed a draft red herring prospectus (DRHP) with the markets regulator, Securities and Exchange Board of India (Sebi), for its initial public offering (IPO). According to its DRHP, the company plans to raise Rs 1,900 crore, which includes a fresh issue of Rs 1,500 crore and an offer for sale of Rs 400 crore. The selling shareholders include American Express Travel, Bajaj Finance, Cisco Systems and Sequoia Capital India, besides founder Bipin Preet Singh. MobiKwik is the latest among tech majors wanting to list on stock exchanges. Food delivery start-up Zomato will launch its IPO on Wednesday.
Bajaj Finance was the top laggard in the Sensex pack, plunging around 6 per cent, followed by IndusInd Bank, SBI, M&M, Axis Bank, Bajaj Auto and ICICI Bank. NSE Nifty sank 229.55 points to 14,637.80.
Rahman, 50, was tried in absentia with the court declaring him a "fugitive". He now lives in London where he is believed to have sought asylum though the British authorities have declined to reveal his immigration status.
Kohlschreiber, 35, stunned the top seed and five-times former champion 6-4, 6-4 in Indian Wells, leaving the Serb to conclude it had just been "one of those days".
So which sectors are likely to do well in 2022? Should you focus on domestic economy-related sectors or export-oriented ones?
World No 2 Rafael Nadal brushed aside American Jared Donaldson 6-1, 6-1 and will next face Diego Schwartzman after the Argentine beat Roberto Carballes 6-3, 6-1.
The ruling Awami League-led grand alliance has won 288 seats in the 300-member Parliament, Election Commission secretary Helaluddin Ahmed said.
According to telcos and analysts, this is due to SIM consolidation happening after the minimum recharge plans were implemented by incumbents.
SBI was the top gainer in the Sensex pack, spurting over 2 per cent, followed by ICICI Bank, Nestle India, IndusInd Bank, M&M, Bajaj Auto and Maruti. NSE Nifty advanced 135.55 points to 14,819.05.
'Overtightening of monetary policy by central banks and the spread of new Covid variants, which may force governments to restart lockdowns or restrict mobility.'
Equity mutual funds witnessed an outflow of Rs 9,253 crore in January, making it the seventh consecutive monthly withdrawal, primarily due to profit booking and portfolio rebalancing amid markets touching new highs. The pace of outflows from equities has however slowed for the third month and Gautam Kalia, head - Investment Solutions, Sharekhan by BNP Paribas said that it will likely turn positive soon as investors get used to the new normal. In addition, investors pulled out Rs 33,409 crore from debt mutual funds last month after investing Rs 13,863 crore in December, data from the Association of Mutual Funds in India showed on Tuesday.
'For the next two years, we expect the bulk of earnings growth contribution from sectors like financials and energy, where the outlook remains positive, while the sectors which are linked to domestic consumption and are currently witnessing strains on margins have low salience for Nifty earnings.'
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
A senior leader of the hardline Jamaat-e-Islami group has been arrested in Bangladesh for allegedly instigating violence in March during Indian Prime Minister Narendra Modi's visit to the country, police said on Sunday.
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries
IMAGES from the matches played on Day 10 of the BNP Paribas Open at Indian Wells, California, on Wednesday
In the second of a four-part series, Business Standard checks out the currency press in Dewas to find target-based allowances have increased the monthly salary of employees from Rs 10,000 to Rs 30,000, at a time when notes are being printed 24x7.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Reliance Industries Ltd, the nation's most valuable company, on Thursday said it has raised $4 billion (around Rs 30,000 crore) in debt through the largest ever foreign currency bond issuance by an Indian entity. The oil-to-telecom conglomerate plans to use the proceeds of the three tranche issues to retire existing borrowings. The issue was "nearly 3 times oversubscribed with a peak order book aggregating around $11.5 billion," the company said in a statement. This is the largest ever foreign currency bond transaction in India, eclipsing ONGC Videsh Ltd's $2.2 billion US dollar bonds issue of 2014.
Raducanu falls in first match since US Open triumph.
In the absence of Sharapova, Colombia's Mariana Duque-Marino moves into the main women's draw of the tournament
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Players will be banned from handing their towels to ball-kids at next week's BNP Paribas Open in Indian Wells in an effort to prevent the spread of the coronavirus, organisers said on Friday.
India's stock exchanges have decided to jointly introduce the T+1 settlement cycle in phases from February 25, beginning with the bottom 100 stocks by market capitalisation. From March 2022, on the last Friday (or the immediate next trading day) of every month, the next 500 stocks from the bottom will be subject to T+1 settlement. The phase-wise implementation is expected to give all market participants, including foreign portfolio investors (FPIs), ample time to shift to the shorter cycle. The settlement cycle represents the time period within which the stock exchanges have to settle security transactions.
Rafael Nadal toppled big-serving American Reilly Opelka to remain perfect on the year while unseeded Serbian Miomir Kecmanovic stunned world number six Matteo Berrettini.
Andy Murray overcame a slow start and a third set service break to beat Taro Daniel 1-6, 6-2, 6-4 in the first round of Indian Wells on Friday and notch his 700th career win.
Seven top leaders of Bangladesh's main opposition party Bangladesh Nationalist Party were arrested today during raids, prompting it to extend a 48-hour nationwide strike by one more day, defying premier Sheikh Hasina's appeal to shun violence.
So far in 2019, India has been one of the highest recipients of foreign flows among Asian and Emerging Market (EM) economies
The Bengaluru-based company had registered a net profit (after minority interest) of Rs 5,197 crore a year ago, a regulatory filing said. Infosys' revenue grew 22.9 per cent to Rs 31,867 crore in the quarter ended December 2021 from Rs 25,927 crore in the year-ago period, it added.
She had a narrow escape when several bombs exploded in a busy commercial area here minutes after her convoy passed through it.
After eight months of consecutive outflows, equity mutual funds witnessed a net inflow of Rs 9,115 crore in March amid correction in the stock market. Barring multi-cap and value fund categories, all the equity schemes saw inflow last month, data from the Association of Mutual Funds in India (Amfi) showed on Thursday. However, investors pulled out Rs 52,528 crore from debt mutual funds last month, after investing Rs 1,735 crore in February, owing to advance tax payments and other year ending commitments. Overall, the mutual fund industry witnessed a net outflow of Rs 29,745 crore across all segments during the period under review, compared with a net inflow of Rs 4,090 crore in February.
In the same case, her son Tarique Rahman and four others have been sentenced to 10 years in jail.
IMAGES from matches played at the BNP Paribas tennis tournament played in Indian Well, California, on Thursday
Badosa beats Fernandez; Swiatek, Halep storm into quarter-finals
ICICI Bank was the top gainer in the Sensex pack, rising around 4 per cent, followed by UltraTech Cement, Sun Pharma, Bharti Airtel, HUL, SBI, L&T, Axis Bank and IndusInd Bank. On the other hand, Reliance Industries, Bajaj Finserv, HCL Tech and HDFC were among the laggards.
An "all-party" interim government headed by Prime Minister Sheikh Hasina was installed in Bangladesh on Monday to oversee the upcoming general elections despite boycott by the main opposition Bangladesh Nationalist Party which termed the move as "farce", heightening tension in the country.
World number three Karolina Pliskova overcame a stern test to reach the semi-finals of the BNP Paribas Open on Wednesday after edging French Open champion Garbine Muguruza 7-6(2), 7-6(5) at Indian Wells.
Paula Badosa survived a stiff challenge from Victoria Azarenka in the Indian Wells final, while Cameron Norrie battled back to defeat Nikoloz Basilashvili.
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