Small-caps wilt under selling pressure on valuation concern
[ad_1] Broader market came under heavy selling pressure on Monday, amid talk of potential bubble in the small- and mid-cap segments and stiff valuation. The BSE Sensex and NSE Nifty declined around 0.7-0.8 per cent while the slide was deeper in the case of BSE SmallCap that plunged 2.01 per cent. Also read: There are […]
Crude oil futures decline as China’s imports fall
[ad_1] Crude oil futures traded lower on Monday morning as the recent data from China showed a decline in imports. At 9.52 am on Monday, May Brent oil futures were at $81.55, down by 0.65 per cent, and April crude oil futures on WTI (West Texas Intermediate) were at $77.47, down by 0.69 per cent. […]
SEBI notifies regulations for small and medium REITs
[ad_1] Securities and Exchange Board of India has notified the regulations for small and medium real estate investment trusts and specified that investment managers of such REITs should have a minimum net worth of ₹20 crore and the REITs can raise a minimum of ₹50 crore from at least 200 unit holders. Also read: Editorial. […]
India to see record FPI inflows in FY24 on strong economic growth
[ad_1] The current fiscal year FY24 is set to end with record net inflows from Foreign Portfolio Investors (FPIs) into the Indian market, with net investments close to ₹12,000 crore ($1.4 billion) in March first week, after a tepid show in January and February. Also read: UAE’s exit from FATF grey list to boost FPI […]
Small-cap mutual fund inflows moderate by 10% in February amid large-scale redemption
[ad_1] 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 […]
Innerwear company Bummer raises ₹9.25 crore in funding
[ad_1] 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 […]
Colossa WomenFirst fund raises ₹100 crore in its first close
[ad_1] 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 […]
Shivalik Rasayan stock jumps over 8% on receipt of licence to operate its new plant
[ad_1] 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 […]
Jefferies downgrades IIFL Finance, expects RoE hit of 460-480 bps
[ad_1] 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 […]
Sensex, Nifty set for a muted start tracking Asian peers
[ad_1] 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 […]