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The rout in the small- and mid-cap stocks so far this month has shaved off 2-5 per cent of investors’ wealth in mutual fund schemes, following a tepid performance in February. Small-cap stocks have been under pressure ever since market regulator SEBI expressed concern about froth in the space, with steady inflows in mutual fund […]

India’s GDP growth is expected to moderate to 7 per cent in 2024-25 from the estimated 7.6 per cent this fiscal even as the country will likely remain as one of the fastest growing economy in the world, the Swiss Wealth Management major UBS has said.  Also read:Political stability to bode well for market sentiment: […]

Uno Minda Ltd has signed a technical license agreement with Starcharge Energy Pte. Ltd to manufacture and sell electric vehicle supply equipment (EVSE) in India. Nirmal K Minda, CMD, Uno Minda Group, said, “Uno Minda is proud to announce the expansion of its electric vehicle (EV) portfolio into the passenger car segment through this strategic […]

HSBC Global Research prefers large-caps but sees opportunities in the current mid-cap sell-off too. The research house remains constructive on the broader market and ruled out any deep sell-off in mid-caps from current levels. It said that mid-cap valuations had come down to the five-year mean and that the mid-cap market breadth had declined to […]

Shares of Rail Vikas Nigam Ltd rose 3.16 per cent on the NSE as of 11.12 am to trade at ₹246.75. The civil construction company emerged as the lowest bidder for a contract from SER HQ-Electrical/ South Eastern Railway. It pertains to design, supply, erection, testing and commissioning for upgradation of electric traction system from […]

Market regulator SEBI has given an undertaking in the Bombay High Court that it will not take any action against Subash Chandra for a period of three weeks. Chandra had filed a writ petition against SEBI’s summons in a case related to alleged siphoning of funds. Ravi Kadam, the lawyer appearing for Subhash Chandra, apprised […]

SEBI has proposed that the disclosures made in the draft red herring (DRHP) and red herring (RHP) prospectus of public issues be made available in audio-visual (AV) format by the issuer companies listing on the main board. The AV will be in English and Hindi and made available in public domain. This is to provide […]

Stainless steel manufacturer Jindal Stainless Ltd (JSL) has partnered with electric bus manufacturer JBM Auto Ltd, to roll out over 500 energy-efficient and light-weight stainless steel electric buses. The material will be supplied to JBM Auto through Jindal Stainless’ domestic service arm, Jindal Stainless Steelway Ltd (JSSL). The JT Tubes, provided by JSSL, will be […]

Infosys co-founder NR Narayana Murthy has gifted shares worth over ₹240 crore to his four-month-old grandson, Ekagrah Rohan Murty. According to the exchange filing, the 77-year-old IT veteran said that he transferred 0.04 per cent stake or 15 lakh shares, to his grandson in an off-market transaction on Friday. Also read: Narayana Murthy’s 70-hour work […]

The Centre has granted its approval to insurance major LIC for a wage revision for its employees, effective August 1, 2022. The pay has been revised upwards by 17 per cent. The US has widened its investigation of Adani Group to focus on the conduct of its founder, Gautam Adani, and whether the company may […]