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Inflows into small-cap mutual fund schemes moderated by 10 per cent last month to ₹2,922 crore against ₹3,257 crore in January due to large-scale redemption amid concern over high valuation and strong signals from SEBI on the froth developing in these schemes. Also read: AMFI calls for stress test on mid, small-cap schemes The redemption […]

Bummer, an innerwear company has raised ₹9.25 crores in a Pre-Series A1 funding round. Also read: Lux Industries expecting good growth in mid-premium segment The funding spearheaded by Gruhas Collective Consumer Fund marks one of their first investments as a fund. Further strengthening the strategic support, is the continued backing from Fluid Ventures, an established […]

On the eve of International Women’s Day, Colossa Ventures, a SEBI registered venture capital management company, has announced the first close of its maiden fund – Colossa WomenFirst Fund at ₹100 crore. Also read: Women-led startups see $100 million in funding in first 2 months of 2024, Delhi-NCR tops list: Tracxn The fund with a […]

Shares of Shivalik Rasayan jumped over 8 per cent on the NSE on Thursday’s trade. The company has received licences to commence manufacturing at its newly-built agro-chemical plant. The company said in a regulatory filing that trial batches for P G Easter, Azoxystrobin, Pymetrozine, have been taken. Commercial production will start from April. Shares traded […]

Brokerage firm Jefferies has downgraded its rating on IIFL Finance following RBI’s directive to the company to stop incremental gold loan sanctions, citing hit on earnings due to rapid unwinding of the profitable gold loan book (32 per cent of AUM), lower co-lending income and potentially higher cost of funds. “Timing of lifting of the ban […]

Indian shares are set for a muted start on Wednesday, after snapping a four-session winning streak in the previous session, tracking Asian peers ahead of the Federal Reserve Chair’s congressional testimony and key U.S. jobs data. The GIFT Nifty was trading at 22,415 as of 7:53 a.m. IST, indicating that the Nifty 50 will open […]

In the onion heartland of Maharashtra’s Nashik district, a distinctive scene unfolds amidst a political backdrop rich with rath yatras. Unlike typical political parades, this rath yatra is distinct — it’s a moving account of farmers taking to the streets not for votes, but to sow seeds of awareness about how populist political decisions have […]

Target: ₹181 CMP:L ₹153.80 India’s market share in the US home textile exports improved to 46/38 per cent in CY2023 for bedsheets/terry towels from 34/36 per cent in CY2022. With this, domestic players such as Welspun Living will benefit from improving global opportunities. Management is confident about its medium-term prospects and targets its revenue to […]

Vipul Organics Limited’s shares were up by 2.61 per cent after the company clinched a deal with Tamil Nadu News Print and Paper Limited (TNPL). The deal entails the supply of Blue and Violet Pigment Dye to TNPL, with the order valued at ₹7.15 crore. At Paperex 2023, Vipul Organics unveiled the Sunlonic range, featuring […]

The Indian government has permitted derivatives trading in 11 more commodities including skimmed milk powder, cement, apple, bamboo and timber based on a recommendation from the Securities and Exchange Board of India (SEBI), which supervises the trading, to the Finance Ministry. In a notification issued on March 1, 2024, the Finance Ministry added these commodities […]