Brokerages have lowered the price targets of asset management companies (AMCs) since they failed to beat revenue growth expectations in the January-March quarter (fourth quarter, or Q4) of 2022-23 (FY23). The regulator's plans to lower the fee charged by AMCs also added to concerns. While HDFC AMC and Nippon Life India AMC reported modest growth in revenue from operations in Q4FY23, UTI AMC and Aditya Birla Sun Life AMC delivered yet another weak quarter.
North East were 65 for 2, 475 runs in arrears, when bad light and rain forced an early closure to their first dig on Thursday.
The Securities and Exchange Board of India (Sebi) is considering a proposal to allow mutual funds (MFs) to charge a fee based on their performance, said Ananta Barua, whole-time member of the markets regulator. He said the proposal is being reviewed by a working group formed to look into cost structures. "One working group has been set up which is going to review... One of the suggestions is that if any scheme or fund is performing well above the benchmark, it (fee) can be linked to its performance.
Adani Enterprises, the flagship of Adani Group, said on Wednesday new businesses of renewables, data centres, airports and roads account for more than 33 per cent of earnings and it will complete all infrastructure projects on time. "We are laser focused on continuing our business momentum, in this market volatility. "We are confident in our internal controls, compliance and corporate governance.
'You are dealing with a small gang of semi-literate terrorists. These are guys flying kites.' 'There is huge difference between flying kites and actually having a deliverable, executable, plan.'
It's been more than a decade since India lost a Test series at home - they had lost to England 1-2 in 2012.
'Asha atya remains down-to-earth and frank.' 'If she likes something, she will tell you to your face.' 'Ditto, if she doesn't.' 'She is full of life and energy, I have never seen her brood.'
Senior AAP leader Raghav Chadha said the residence in question was built in 1942. The Delhi government's Public Works Department (PWD), after an audit, had recommended its renovation, he said.
The cost of Rs 52.71 crore included Rs 33.49 crore spent on the construction of the house and Rs 19.22 crore on a camp office for the chief minister, the report said, citing records of the Public Works Department (PWD).
Wankhede, whose interim protection from arrest in the Central Bureau of Investigation's case of extortion and bribery against him was on Thursday extended by the HC till June 23, in his rejoinder affidavit claimed the SET has 'twisted facts and labelled false allegations to jeopardise the career and character of honest officials'.
Kathal has a fairly kooky premise, one that would fill up a half an hour sitcom in a bundle of studio laughs. But when stretched into a feature film, its whimsy slumps into awkward energy, observes Sukanya Verma.
Detective shows like CID did a better job than Gumraah of creating thrilling cases, observes Deepa Gahlot.
Aditi Pohankar steals the show in She Season 2, applauds Namrata Thakker.
Gina flew down to Mumbai for Shalimar's mahurat and pictures of her with Zeenat Aman and Dharmendra were duly splashed all over the newspapers.
We have the workforce, now we need to ensure that we take full advantage of game-changing technologies and geopolitical openings, suggests Jayant Sinha, chairman, Parliament's Standing Committee on Finance.
With the group standings flashing on the big screen of the Al Bayt stadium, Germany grew nervous with Musiala twice hitting the post early in the second half.
Ricky Ponting believes that India will play both Ravindra Jadeja and Ravichandran Ashwin in the World Test Championship final against Australia, starting June 7.
About 60 per cent of Indian private insurers believe there has been a significant rise in insurance-related frauds, and as risks lurk there is an immediate need to consider a proactive fraud risk management framework, a Deloitte survey said on Thursday. Insurance companies in India have experienced a rise in fraud instances in life and health insurance, and increased digitisation, remote working post pandemic and weakened controls are key factors contributing to frauds, according to Deloitte's Insurance Fraud Survey 2023. "About 60 per cent of survey respondents believe that there has been a significant rise in fraud, while further 10 per cent experienced a marginal increase," the survey said.
Titan posted better than expected revenue growth in the March quarter of the financial year 2022-23 (Q4FY23), powered by strong demand trends in the jewellery and watch segment. Standalone jewellery sales for the firm were up 24 per cent year-on-year (YoY) on a slightly lower base and aided by like-to-like growth of 19 per cent. The company highlighted that new buyer growth was at 15 per cent while average ticket size was up 8 per cent.
Veteran striker Girelli, 33, replaced 16-year-old midfielder Giulia Dragoni in the 83rd minute and needed only four minutes to make an impact
'I'm pitching India for the strengths we offer, including the English language, engineers, doctors, nurses, professionals, innovative talent of startups.'
Father-daughter duo, Flying Officer Ananya Sharma and Air Commodore Sanjay Sharma created history when they flew in the same formation of Hawk-132 aircraft at IAF Station Bidar, where Flying Officer Ananya is undergoing her training before she graduates onto superior fighter aircraft.
A Delhi court has ordered framing of charges against banned terrorist organisation Indian Mujahideen's (IM) co-founder Yasin Bhatkal and several of its operatives, including Mohammed Danish Ansari, in a case of conspiring to wage war against India in 2012.
Leeds sack Gracia, Allardyce to step in till season ends
The Indian defeated Kazakhstan's Atlyn Shagayeva 8-0 final to emerge the first Indian to win gold in the competition's 34-year long history.
'The next war will be fought by China-Pakistan against India and we have to fully be prepared. We must read the writing on the wall.'
The embattled Adani Group on Monday attempted to calm the market as a rout in its shares continued, saying its growth plans are intact, business plans are fully funded and it remains confident of delivering returns to shareholders. Market value of the group's seven listed companies has halved since a January 24 report by US-based short-seller Hindenburg Research alleged that Adani pulled "the largest con in corporate history" using offshore tax havens and stock manipulation. The Group has denied all allegations, calling them "malicious", "baseless" and a "calculated attack on India".
Anamika, the reigning national champion, lost by a 1-4 split verdict against China's Hu Meiyi in the lightweight final.
High dividend yield stocks usually perform well in a rising interest rate environment when investors value cash flows more.
Even as most of its large-cap pharmaceutical peers have struggled to stay above water on the returns front, Zydus Lifesciences has been one of the big outperformers within the sector over the past year with a return of over 30 per cent. The gains have come on the back of multiple triggers such as the scaling up of new product launches in the US market, clearance for its Moraiya (Gujarat) facility and steady performance in the domestic market. Though it has been the top pharma gainer in the 2022-23 financial year (FY23), brokerages continue to maintain their 'buy' stance, given the strong visibility in the US market.
'If it weren't for Om Puri, a whole range of our big city experiences wouldn't have found their honest representations on the screen.'
Hrishida's Abhimaan captured the real life pair Jaya and Amitabh Bachchan's dazzling chemistry in the many stages of the husband-wife relationship, observes Sukanya Verma.
Guardians of the Galaxy Volume 3 makes you laugh, cheer, whistle and weep along with your favourite superheroes, applauds Mayur Sanap.
Twenty five years after her passing, Mother Teresa's congregation continues to work selflessly in the homes she set up for abandoned babies, leprosy victims and the dying destitute, reports Payal Singh Mohanka.
Hunter Tootega Nahi, Todega is bizarre, unintentionally funny, discovers Deepa Gahlot.
Last week, we asked readers whether Women's Day should be celebrated if both sexes are considered equal. here are some interesting responses!
Meanwhile, Sister Margaret of the Mercy Convent said in a press release that the nun's allegations were "totally false and malicious".
Smarting from back-to-back defeats, Sunrisers Hyderabad will have a lot to ponder, especially addressing their batting frailties, when they take on high-flying Punjab Kings in the Indian Premier League in Hyderabad on Sunday.
Who do you think should be part of India's playing XI in the first Test against Australia?
Rebel Foods, the world's largest internet restaurant company, has entered into a deal with American burger giant Wendy's to run its restaurants in India. The partnership includes committing to the development of traditional restaurants and building on their existing development agreement for cloud kitchens. In this expanded, new franchise commitment, Rebel will help the brand grow its restaurant model in India with digital expertise in delivery, automation, and innovation.
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