MF SIP stoppages cap net inflows to 43% of gross flows in Jan
The net Systematic Investment Plan inflows as a percentage of gross SIP inflows continue to disappoint mutual funds as the numbers of SIPs being stopped have increased due to investors concern over ‘high stock valuations.’ The net SIP inflow at ₹8,192 crore in January accounts for 43 per cent of gross investments of ₹18,838 crore. […]
NSE crosses nine crore unique investors mark
The National Stock Exchange (NSE) on Friday said its unique registered investors have surpassed nine crore, with the latest one crore additions taking place in just five months. Also read: SEBI’s concerns mount with flows into small/mid-cap funds The investor base has seen more than a three-fold jump in the last five years, facilitated by […]
IPO-bound RK Swamy mops up ₹187 cr from anchor investors
RK Swamy Ltd on Friday raised about ₹187 crore from 18 anchor investors ahead of its initial public offering (IPO), which opens on March 4 and closes on March 6. The Chennai-based company, which is engaged in the business of integrated marketing communications, customer data analysis and full-service market research, has allotted about 65 lakh shares […]
IPO screener: Mukka Proteins sees healthy subscription on Day 1
The ₹224-crore issue of Mangaluru-based Mukka Proteins saw a robust response on Day 1 of issue opening on Thursday. The IPO came out with a price band of ₹26-28. The initial public offering closes on Monday, March 4. Investors can bid for a minimum of 535 equity shares and in multiples of 535 equity shares […]
Rupee settles flat at 82.91 against US dollar
The rupee on Thursday settled flat at 82.91 (provisional) against the US dollar, as the support from lower crude oil prices and a weak greenback against major crosses overseas was offset by sustained foreign capital outflows. Besides, a positive trend in equity markets provided a cushion to the domestic unit, forex traders said. Market participants […]
Shriram Finance to replace UPL in Nifty 50 from March 28
Shriram Finance will replace UPL Ltd in the Nifty 50 index effective March 28. UPL has been removed from Nifty 50 pursuant to its exclusion from Nifty 100 index, a parent index for Nifty 50. Shriram Finance has been included in Nifty 50 index as it has the highest six month average free-float market capitalisation […]
Easy Trip Planners partners with Zaggle Prepaid; shares up
Easy Trip Planner Ltd’s EaseMyTrip announced a partnership with Zaggle Prepaid Ocean Services Limited to give its corporate clientele access to Zaggle’s EMS platform for travel and expense management solutions. It covers everything from flight bookings, hotels, and other travel arrangements to managing expenses incurred during business trips. The company said the collaboration aims to […]
RK Swamy public issue to open on March 4
The Chennai-based RK Swamy will launch its initial public offering on March 4, according to red herring prospectus filed with SEBI. The company is expected announce the price band this week. The offer includes a fresh issue of ₹173 crore and an offer for sale of up to 87 lakh equity shares by selling shareholders […]
MCX, Jakarta Futures Exchange sign pact
Multi Commodity Exchange and the Jakarta Futures Exchange, the largest commodity exchange in Indonesia, have entered into a memorandum of understanding to enhance collaboration in key areas, including knowledge sharing, research, education, training, awareness creation, and other market development initiatives. Also read: MCX logs ₹5 crore loss on one-time software fee PS Reddy, Managing Director, […]
R Systems, IIT Delhi forge partnership for AI Center of Excellence
R Systems International Ltd, a player in digital product engineering and technology solutions, has entered into a Memorandum of Understanding (MOU) with the Indian Institute of Technology Delhi (IIT-Delhi) to establish a Center of Excellence (CoE) on Applied AI for Sustainable Systems. The CoE, to be set up at IIT Delhi, will comprise a research […]