Allowing private equity players to become sponsors of mutual funds may help democratise the industry further and bring in more players, spurring innovation and growth. On Friday, Sebi floated a consultation paper on review of regulatory framework for sponsors of mutual funds. The working group that has drafted the paper noted that PEs with significant […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad:Fuel prices continued to stagnate on Saturday, 25 February 2023, keeping costs steady for about eight months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing at […]
2023 is the year dentsu India would most like to forget. Besides losing big accounts like Maruti Suzuki and Reckitt to competition, the agency was caught up in a leadership turmoil. Harsha Razdan, CEO, South Asia, dentsu, is working overtime to stabilise the boat. He tells Akanksha Nagar how the agency plans to transition into […]
Wall Street tumbled on Monday and European shares were on track for their largest one-day rout in three months, as global efforts to limit the fallout from the collapse of Silicon Valley Bank (SVB) failed to ease fears. The U.S. dollar slid and bond markets saw a gigantic repricing of rate hike bets. Expectations rose […]
Bharti’s market share gains in 4G subscribers, an increase in average revenue per user, and an improving tariff outlook from the government’s stake in Vodafone Idea Ltd., are the ‘key’ reasons for Jefferie’s ‘buy’ recommendation. That should help Bharti drive 13% growth in its mobile ARPUs over fiscal 2023–25. Market share gains are likely to […]
Oil prices surged on Monday after Saudi Arabia and other OPEC+ oil producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in U.S. price data had boosted market optimism. Brent oil futures jumped $5.16 to $85.05 a barrel on news output would be cut […]
If crude oil prices stabilise fast, NSE Nifty 50 could potentially rise higher and help investors pocket approximately 15% in the current year 2022, said George Heber Joseph, CEO & CIO, ITI Mutual Fund, in an interview with Kshitij Bhargava of FinancialExpress.com. Joseph talked about the impact rising crude oil prices could have on India, […]
Dr Reddy’s has announced the acquisition of the generic portfolio of Mayne Pharma in the US for $105m. The portfolio had sales of $111m in FY22 (ending Jun-22). Our preliminary analysis suggests that the product portfolio is plain vanilla as all the products are oral solid dosage (OSD) and many have high competitive intensity. However, […]
Domestic equity indices concluded Monday’s volatile session in the red territory. The Sensex closed below 60,450 and the Nifty settled above 17,800. The top gainers of the BSE Sensex were Titan (up 2.07%), Larsen & Toubro (up 1.88%), NTPC (up 1.70%), Power Grid (up 0.87%) and Sun Pharma (up 0.78%) while State Bank of India […]
Domestic indices ended Thursday’s volatile session in the red territory. Nifty settled below the crucial 17330 level and Sensex closed below 58910. The Bank Nifty concluded below 40,400. The top gainers on the Nifty 50 were Adani Ports (up 3.06%), Coal India (up 1.87%), BPCL (up 1.77%), Adani Enterprises (up 1.52%) and Hero Motocorp (up […]
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