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Welcome to Chanakya Consultancy Services

Chanakya Consultancy Services is a Financial Advisory services of Mutual Funds registered with AMFI, which had been providing similar services for over NO. years, to the satisfaction of its clients. Chanakya Consultancy Services offers a wide array of products and services, including integrated Financial planning, Wealth management, Tax Consulting services, Insurance & Mutual Fund.
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“Across the sectors, we are sensing that whether it be SME, whether it be medium size, whether it be large corporates, all companies across the value chain are saying that the demand momentum is extremely strong. So manufacturing remains a medium to long-term theme and after a long time, apart from the consumption engine, the manufacturing engine is firing in my view.”
2022-09-27T12:35:27+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-27T10:22:17+05:30


Investors eyeing to make the most of this amazing India growth story, investing in mutual funds through actively or passively managed schemes seem to be an ideal strategy.
2022-09-27T07:55:24+05:30


Fund houses have filed drafts for as many as 12 new passive debt funds with the Securities and Exchange Board of India. ABSL Mutual Fund and HDFC Mutual Fund are leading with the maximum number of drafts.
2022-09-27T07:15:44+05:30


“One should remain invested and six months from now, if one is unhappy, then one must extend the time horizon as it is going to be a good journey. There could be one-off events which will keep hurting or impacting the markets but one has to stay invested in equities. This is a good time over the next four, five years.”
2022-09-26T13:31:31+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts
2022-09-26T13:06:37+05:30


Eight out of the total 37 tax saving mutual fund schemes or Equity Linked Saving Schemes (ELSS) have completed 25 years in the market. Six of these schemes managed to offer around 15-23% annual returns over the 25-year period.
2022-09-26T11:13:19+05:30


While it boasts a strong track record over market cycles, this performance is often accompanied by higher volatility than many of its peers.
2022-09-26T06:30:00+05:30


According to an ET poll conducted among 20 banks, fund managers and financial institutions, the RBI Monetary Policy Committee (MPC) will likely assess the risk of spillover inflation and a sliding rupee, which could hurt growth of the world's fifth-largest economy.
2022-09-26T06:21:49+05:30


Not only large cap funds, but most other equity mutual fund categories faltered in beating their respective benchmarks in the five and seven year horizons. Here's our analysis.
2022-09-23T15:07:52+05:30


Nifty 50 equal weight index concentrates on sectors like financial services, automobile and automotive components, FMCG, healthcare and IT
2022-09-23T14:13:59+05:30


The exit load is 0.25% of the applicable NAV, if redeemed on or before 30 days from the date of allotment. The minimum subscription amount is Rs. 5,000 per application and in multiples of Re 1 thereafter.
2022-09-23T11:28:57+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-23T09:49:42+05:30


TMFs are passively managed open-ended debt mutual funds that track a benchmark bond index with a pre-defined maturity date. To understand better, you can compare these funds to traditional investment avenues such as fixed deposits (FDs).
2022-09-23T09:38:42+05:30


Liquidity in the banking system has slipped into deficit for the first time in three years. Shrinking liquidity and a pick-up in credit demand are expected to result in short-term interest rates firming up.
2022-09-23T07:23:24+05:30


The scheme will generate returns by investing in units of Gold and Silver ETFs; the daily weights shall be market driven with the starting (NFO) allocation of 70:30.
2022-09-22T14:50:13+05:30


Among equity mutual funds category, the large cap category was the worst hit. Around 91% of the schemes underperformed in the seven-year horizon.
2022-09-22T12:51:23+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-22T12:22:13+05:30


Fund managers believe that RBI can raise rates by 40-50 bps in the upcoming policy. The Fed rate hike has impacted the global equity markets as well as the bond markets.
2022-09-22T11:32:13+05:30


Federal Reserve Chair Jerome Powell warned that the process of conquering the highest inflation in 40 years will involve some pain.
2022-09-22T09:50:35+05:30


With this, total inflow has reached to Rs 61,258 crore in the first five months of the current fiscal. This came following an inflow of over Rs 1.24 lakh crore in the 2021-22 financial year.
2022-09-22T09:26:43+05:30


The Nifty Auto Index is designed to reflect the behavior and performance of the automobile segment of the financial market.
2022-09-21T17:29:21+05:30


Debt fund managers said that it is the right time to invest in credit risk funds because the valuations and outlook are very positive.
2022-09-21T12:03:30+05:30


SBI Nifty Midcap 150 Index Fund and SBI Nifty Smallcap 250 Index Fund are open-ended schemes that would replicate the performance of the underlying indices - Nifty Midcap 150 Index and Nifty Smallcap 250 Index, respectively.
2022-09-21T11:11:16+05:30


“I have been following a not so disciplined asset allocation because of restrictions of my job, but I have diversified myself in equity, real estate, gold and fixed income. I am largely an equity investor but I have exposure in all the asset classes. I am not able to move from one asset class to another as freely as I would have loved because of the restrictions of my job.”
2022-09-21T10:11:00+05:30


There is always a debate on how much diversification is okay in a mutual fund scheme. Nippon India Small Cap Fund holds 147 stocks and Samir Rachh says it is justifiable.
2022-09-21T08:46:38+05:30


Investors eyeing visible returns, low expenses and a portfolio of high-quality bonds or government securities are buying target maturity funds.
2022-09-21T07:46:29+05:30


Navneet Munot and Vetri Subramniam were speaking at the Morningstar Investment Conference, 2022, in Mumbai about sustainable investing.
2022-09-20T16:09:26+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-20T12:26:52+05:30


Equity strategist Kranthi Bathini of Wealth Mills Securities opines that the impact of Fed meet’s outcome would be relatively less on India. “We are in a better position fundamentally. We never had zero interest rates and no ultra-loose monetary policies to trouble us. Fed rate hikes impact us as well but to a lesser extent,” he said.
2022-09-20T10:39:49+05:30


Value funds have been doing really well recently. Three value schemes have completed 25 years in the market.
2022-09-20T10:00:18+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-19T09:57:44+05:30


The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
2022-09-19T06:30:00+05:30


Given uncertanities, experts suggest avoiding incremental investments in long duration funds or bonds.
2022-09-19T06:30:00+05:30


The fund has put in a strong showing since 2020 with the fund ranking in the top quartile in its category. The presence of a veteran fund manager at its helm gives comfort for the long term.
2022-09-19T06:30:00+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-16T12:17:52+05:30


The CPSE ETF has offered 35% returns in the last one year, 16% in 6-months and 11.54% returns in three months. Mutual fund analysts say that this performance may continue for some more time.
2022-09-16T11:40:11+05:30


Domestic investors lost about Rs 3 lakh crore from their kitty as the total market capitalisation of BSE-listed firms plunged to Rs 285.9 lakh crore from Rs 283 lakh crore during the session
2022-09-16T10:35:46+05:30


Persistently high inflation increases the pressure on the central bank to hike rates more aggressively, leading to a rise in bond yields and losses for bond holders.
2022-09-16T09:52:53+05:30


​​​India has slashed the base import prices of gold, palm oil, and crude soya oil, the government said in a statement late on Thursday. Meanwhile, holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, rose 0.15% to 962.01 tonnes on Thursday from 960.56 tonnes on Wednesday. Spot silver dipped 0.7% to $19.01 per ounce.
2022-09-16T07:44:31+05:30


The scheme will invest 80 percent of the corpus in equity related securities as per the different business cycles. The portfolio will be focused on a few selected sectors which are likely to do well in a particular business cycle.
2022-09-15T16:19:47+05:30


In the calendar year 2022, sector funds have seen inflows worth Rs 12,584 crore. This includes net outflows of around Rs 1,266 crore in August.
2022-09-15T13:27:13+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-15T12:32:03+05:30


According to the fund house, the Nifty 50 Equal Weight Index invests in the top 50 stocks in India based on market capitalization.
2022-09-14T12:41:32+05:30


If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
2022-09-14T12:17:46+05:30


As per Sebi norms, multicap funds are those which have to invest ​25% of their portfolio in each capitalisation category. This means at least 25% each in large-cap companies, midcaps, and smallcap companies.
2022-09-14T10:03:26+05:30


Out of hundreds of schemes in the Indian mutual fund industry, only 50 have completed 25 years. And out of these 50, there are only five large cap funds. In this article we will examine how these large cap funds have performed over the last 25 years.
2022-09-14T09:42:19+05:30


The Nifty100 Low Volatility 30 Index follows a disciplined process of assigning a higher weight to less volatile stocks and a lower weight to high volatility stocks.
2022-09-13T14:16:05+05:30


Smart Beta investing involves stock selection and weighting that is done based on pre-defined factors.
2022-09-13T12:47:30+05:30


Among them is Sona BLW Precision, a components manufacturer, where domestic fund managers bought an additional 3.62 crore shares to take the MF holding to 11.96 crore shares in August from 8.33 crore shares in July, valuing Rs 1,892 crore. This stock is down 27 per cent year-to-date.
2022-09-13T12:25:58+05:30


The company intends to utilise the net proceeds from its issue towards capital expenditure, repayment of debt and incremental working capital requirements, other than general corporate purposes.
2022-09-28T07:55:25+05:30


The company engaged in engineering consultancy services and construction has ongoing projects in 30 countries. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and VA Tech Wabag.
2022-09-27T06:25:58+05:30


Harsha Engineers International made a strong debut on Monday in a weak market, with its shares listing at ₹450 on the NSE, a premium of 36% over its issue price of ₹330.
2022-09-27T06:21:58+05:30


Swastik Pipes is promoted by Sandeep Bansal, Anupama Bansal, Shashwat Bansal and Geeta Devi Aggarwal. The company has been a leading manufacturer and exporter of T.T. Swastik Band high-quality mild steel/carbon steel ERW black and galvanized pipes/tubes since 1973.
2022-09-26T20:14:05+05:30


WAPCOS has ongoing projects in 30 countries and has been associated with over 455 overseas projects, both completed and ongoing. It was placed third among the top five Indian corporations for consulting services between 2017 and 2021. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and Va Tech Wabag.
2022-09-26T12:39:27+05:30


Shares of Harsha Engineers are losing steam in the grey market as sentiments turn sour in the secondary market. Over the issue price of Rs 330, the company's shares are being exchanged at a premium of Rs 160-165, which was Rs 240 at its peak.
2022-09-24T10:50:13+05:30


The Rs 755-crore Harsha Engineers IPO comprises the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via offer for sale (OFS). The price band for the share sale has been fixed at Rs 314-330 apiece.
2022-09-23T14:47:57+05:30


​Oyo, formally known as Oravel Stays Ltd., filed a fresh round of financial documents with India’s market regulator on Monday as it plans for a stock-market debut after cost cuts and recovery in travel helped it reduce losses.
2022-09-23T05:48:27+05:30


Divgi is an automotive component entity which has the capability to develop and provide system level transfer case, torque coupler, and Dual Clutch Automatic Transmission (DCT) solutions. It has three manufacturing and assembling facilities located across India.
2022-09-22T18:11:12+05:30


Omnichannel furniture seller Pepperfry is looking to file its draft initial public offering (IPO) papers with the Securities and Exchange Board of India (Sebi) between October and December, and aims to list on the stock exchanges next year, according to a person aware of the matter."They are looking to file the draft red herring prospectus (DRHP) in the subsequent quarter," the source said, adding that the company would take a final call by November.
2022-09-22T05:47:24+05:30


“I think IPOs have taken a breather but it will be probably three to six months away from coming back,” Debasish Purohit, co-head of India investment banking at Bank of America, said in a Bloomberg Television interview on Wednesday. Some of last year’s IPO activity has more recently given way to sales of secondary shares, which are quicker and give holders a chance to monetize their stakes, Purohit said.
2022-09-21T14:36:54+05:30


The trend is eerily familiar to market participants in Hong Kong, which was a hotbed for mysterious moves in tiny stocks before a regulatory crackdown brought new offerings to a virtual halt. As small Chinese companies that might otherwise have listed in Hong Kong turn to the US as an alternative, Network 1 has emerged as one of the most active players in this growing corner of the market.
2022-09-20T14:25:42+05:30


The Rs 755-crore Harsha Engineers IPO consists of the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via an offer for sale (OFS).
2022-09-20T12:53:24+05:30


The company filed draft IPO papers with the capital market watchdog on June 20 this year, after which its received the update an observation letter from the regulator on September 13. Sebi’s observation letter is suggestive of the regulator’s go ahead for the public issue.
2022-09-20T09:06:17+05:30


According to the draft documents, the company's customer base increased to 25.77 million in FY22 from 14.27 million in the year ago period. The group sold close to 7.76 million policies in FY22, compared to 5.55 million policies in FY21.
2022-09-20T06:16:20+05:30


In August, the Fairfax Group-backed company filed draft documents for its IPO, looking to raise Rs 1,250 crore from a fresh issue of shares and an offer for sale (OFS) of 109.4 million equity shares.
2022-09-19T18:40:19+05:30


Oyo and founder Ritesh Agarwal are trying to pull off a successful IPO after a series of setbacks in their efforts to change the hotel and lodging industry. SoftBank Group Corp. founder Masayoshi Son was an early and enthusiastic backer, and the Japanese conglomerate holds about 47% in the Gurgaon-based startup. The 28-year-old Agarwal owns about one third.
2022-09-19T11:07:07+05:30


This is Inox Green Energy Services' second attempt to go public. In February, the company had filed the Draft Red Herring Prospectus (DRHP) for its proposed IPO with the markets regulator Sebi.
2022-09-19T09:35:19+05:30


Stock listings in Asia have raised $104 billion this year, accounting for a record 68% of global volume, data compiled by Bloomberg show. By contrast, US IPOs represent just 14% of the $153 billion fetched globally, the lowest ever for what has traditionally been the busiest listings market in the world.
2022-09-18T09:28:28+05:30


The IPO was a mix of a fresh issue of shares aggregating to ₹455 crore and an offer for sale of up to ₹300 crore. On Tuesday, the company raised ₹226 crore from anchor investors ahead of its public issue by allotting 68.41 lakhs shares to institutions.
2022-09-17T10:03:44+05:30


Following the announcement, shares of Patanjali Foods, which was earlier known as Ruchi Soya and eventually re-branded following the acquisition by Baba Ramdev-led Patanjali Ayurved, were trading 0.6 per cent higher at Rs 1,351 at 1 pm. The stock has rallied nearly 60 per cent year-to-date.
2022-09-16T13:25:09+05:30


The company’s initial public offering comprises an offer for the sale of 4 crore equity shares by the promoters and existing investors.The offer for sale comprises up to 1 crore shares by promoter Juneja family, up to 2 crore shares by Capital International, up to 99.65 lakh by Beige, and up to 50,000 equity shares by Link Investment Trust.
2022-09-16T12:20:22+05:30


Investor roadshows are due to complete this Friday, several sources said, allowing time for senior executives to hold discussions over the weekend before opening the book building process early next week.
2022-09-16T11:16:41+05:30


The IPO consisted of the fresh issue of 15.8 million shares. The Thoothukudi-based private lender allotted 71,28,000 equity shares to 10 anchor investors ahead of the IPO, raising ₹363.53 crore at ₹510 apiece.
2022-09-16T07:25:20+05:30


RRB’s planning to make an initial public offering to raise capital must have at least Rs 300 crore of net worth for the previous three years, according to the draft guidelines, issued on Wednesday. They should also have their capital adequacy above the regulatory minimum level of 9%.
2022-09-15T16:50:01+05:30


The company has reserved 50 per cent of the net offer for qualified institutional buyers (QIBs), whereas non-institutional buyers (NIIs) will get a 15 per cent allocation. Retail bidders will get the remaining 35 per cent allocation.
2022-09-15T13:28:55+05:30


Incorporated in 1921, Tamilnad Mercantile Bank offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more.
2022-09-15T10:02:20+05:30


"Very much (it is on track). First component is, we wanted to raise Rs 20 crore but we actually raised Rs 23 crore of which Rs 17 crore was through equity and Rs 6 crore by means of CCD (compulsory convertible debenture). Second, we are into private equity raise which is on track right now.
2022-09-14T19:36:28+05:30


The issue, which kicked off for subscription on Wednesday, September 14, can be subscribed till Friday, September 16. The company will be selling its shares in the range of Rs 314-330 apiece to raise Rs 755 crore via its initial stake sale.
2022-09-14T12:19:37+05:30


The company is selling its shares in the range of Rs 314-330 apiece. It is offering a discount of Rs 31 per equity share to its eligible employees. The lot size for the issue has been fixed at 45 equity shares.
2022-09-14T10:06:41+05:30


Navi Technologies was issued the "observation letter" by Sebi on September 5, according to the latest update on the regulator's website.
2022-09-12T18:54:42+05:30


The operating margin of Harsha is stable and the pressure of higher raw material costs is passed through with a lag of around three months. The company’s return on equity (RoE) improved to 19% in FY22 from 6% in FY20 with increasing capacity utilization and improving product mix with higher diameter cages.
2022-09-12T13:57:12+05:30


The company's Rs 832 crore primary offering was sold in the range of Rs 500-525 per equity share. The issue had received a muted response from all the categories of investors, subscribing 2.86 times between September 5-7.
2022-09-10T13:20:49+05:30


In the IPO, 50% of the shares will be reserved for qualified institutional buyers. Non-institutional bidders and retail individual bidders will be allotted 15% and 35%, respectively. Proceeds from the fresh issue of up to Rs 270 crore will be utilised for debt repayment, the company said.
2022-09-10T08:10:47+05:30


Ahmedabad-based Harsha Engineers has five manufacturing facilities with two facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat, and one manufacturing unit each at Changshu (China) and Ghimbav Brasov (Romania).It claims to have a 50 per cent market share in the organised segment of the Indian bearing cages market and a 5.2 per cent market
2022-09-09T15:16:05+05:30


The demand to invest in the Tamil Nadu-based bank hasn’t been deterred by minority shareholders’ objections and various curbs imposed on it. The lender needs permission from a high court to hold annual shareholder meetings and has been restricted by the central bank from opening new locations.
2022-09-09T10:42:57+05:30


Harsha Engineering offers a diverse suite of precision engineering products across geographies and end-user industries, including automotive, aviation and aerospace, railways, construction, mining, renewable energy, agriculture and more. The company has five manufacturing facilities.
2022-09-09T08:47:34+05:30


Medical equipment manufacturer Aprameya Engineering has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering.
2022-09-09T07:03:48+05:30


The IPO will allow Samara Capital an opportunity to dilute its 51% stake in the holding company of More Retail, Witzig Advisory Services. Samara Capital owns the stake through Samara Alternate Investment Fund. The balance 49% in Witzig is owned by Amazon through two entities - Coda Holdings Singapore and Coda Holdings LLC.
2022-09-09T05:29:01+05:30


Attracting interest from a broad range of investors was important, Blume said, declining to comment on what proportion of Porsche shares Volkswagen plans to offer to retail investors as part of the planned flotation.
2022-09-08T17:11:06+05:30


As of Thursday, shares of TMB were commanding a premium of Rs 20-25 in the unofficial market, which was Rs 3 a day ago, when the issue closed for subscription. Despite the rise, the premium is still less just five per cent compared to the IPO price.
2022-09-08T15:38:15+05:30


The public issue was sold in the price band of ₹500-525. The private lender raised ₹363.53 crore on Friday by allotting 71,28,000 shares to 10 anchor investors at ₹510 apiece.
2022-09-08T06:30:20+05:30


Analysts attribute the listing gains to the company's bright prospects and strong response from investors. "The company will be one of the biggest beneficiaries of the rising air travel in India, and due to its first mover advantage and dominant position in the lounge access market, the company is poised to grow exponentially in the future," aid Santosh Meena, head of research at Swastika Investmart.
2022-09-07T06:22:40+05:30


The entire money thus raised will be used to retire debt, a statement from the company said on August 30.According to the DRHP, the entire proceeds from the IPO (Initial Public Offering) will also be used to retire debt and post-issue which will be entirely fresh issue of shares, the company will be net debt-free.
2022-09-06T20:50:33+05:30


Volkswagen triggered a listing of sportscar brand Porsche late on Monday after months of deliberation, but cautioned the move was still subject to developments in capital markets.Some investors criticised the timing for a stock market debut, with European shares on a downward spiral, inflation at record highs and Russia halting gas supply to Europe through the main Nord Stream 1 pipeline.
2022-09-06T14:03:21+05:30


As per the Technopak report, in FY21, the company had an approximate market share of 14 per cent of the organised market. Other key players that have presence in Andhra Pradesh and Telangana are-- Tanishq, Kalyan Jewellers, Malabar Gold Pvt Ltd, GRT Jewellers and Joyalukkas.
2022-09-06T12:39:02+05:30


TMB is one of the oldest and leading old private sector banks in India with a history of almost 100 years. It has a loyal customer base as 79.78 per cent of its customers have been associated with the bank for a period of more than five years
2022-09-06T11:18:44+05:30


Going by the draft papers, proceeds from the fresh issue will be used for investment in the company's arm Concord Enviro FZE in relation to financing the construction of an assembly unit in Sharjah International Airport Free Zone.
2022-09-06T06:37:36+05:30


The public issue is entirely an offer-for-sale (OFS) of up to 21.7 million shares by the promoters and other shareholders to the tune of around ₹1,800 crore, said bankers. The company operates under the "Blue Jet" brand offering niche products targeted at innovator pharmaceutical companies and multinational generic pharmaceutical companies.
2022-09-06T06:25:08+05:30


The initial public offer of 1.58 crore equity shares is in a price range of ₹500-525 per share. Private sector lender Tamilnad Mercantile Bank on Friday mobilised a little over ₹363 crore from anchor investors. The issue will conclude on September 7. At the upper end of the price band, the bank is expected to mobilise ₹831.6 crore through the IPO.
2022-09-06T06:15:26+05:30


A daily round-up of the most interesting articles to help jump-start the day.
Sat, 24 Sep 2022 07:14:58 +0530


A daily round-up of the most interesting articles to help jump-start the day.
Sat, 24 Sep 2022 07:14:58 +0530


A daily round-up of the most interesting articles to help jump-start the day.
Thu, 22 Sep 2022 06:17:28 +0530


A daily round-up of the most interesting articles to help jump-start the day.
Wed, 21 Sep 2022 06:05:44 +0530


Now, the general and health insurers will have to file 8 returns and life insurers will be filing 3 returns in place of 17 returns being filed currently.
Tue, 13 Sep 2022 21:33:42 +0530


The company said its new policy, #39;health absolute#39; is designed to empower customers to actively manage their health and lead a healthy lifestyle and comes with a host of wellness benefits.
Tue, 06 Sep 2022 18:36:28 +0530


The company said its new policy, #39;health absolute#39; is designed to empower customers to actively manage their health and lead a healthy lifestyle and comes with a host of wellness benefits.
Tue, 06 Sep 2022 18:36:28 +0530


The government wants to be self-reliant in its funding, and is prepared to handle any selloff in its debt market should inclusion fail to happen, the people said. The nation is borrowing a record 14.3 trillion rupee ($176 billion) this fiscal year.
2022-09-28T08:49:49+05:30


Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1104100.46 Crore) operating in IT Software sector.
2022-09-28T08:49:46+05:30


In respect of the bonus share issue, the company intimated the revised record date as September 29, 2022. “We would like to inform that the fresh record date for the purpose of issuance of bonus shares is fixed on 29th September 2022”, said the company’s filing to the exchange.
2022-09-28T08:39:22+05:30


Pondy Oxides and Ram Ratna Wires shall trade ex-bonus for bonus share issuances in the ratio of 1:1 today. Also, Excel Realty shall go ex-bonus in respect of its 1:2 bonus share issuance today. The company will also trade ex-split for the sub-division announced in its face value from Rs 10 to Re 1.
2022-09-28T08:35:33+05:30


Stocks that were in focus included names like Dish TV, which fell more than 6 per cent, Power Grid, which rose nearly 2 per cent, and Gujarat Gas, that rallied nearly 6 per cent.
2022-09-28T08:30:21+05:30


George Saravelos, global head of FX strategy at Deutsche Bank, said investors now wanted more to finance the country's deficits, including a 200-basis-point rate hike by November and a terminal rate up at 6%.
2022-09-28T08:02:07+05:30


The company intends to utilise the net proceeds from its issue towards capital expenditure, repayment of debt and incremental working capital requirements, other than general corporate purposes.
2022-09-28T07:55:25+05:30


Asian stocks fell sharply once again as traders kicked off a fresh day of trading Wednesday, tracking losses in New York and Europe fuelled by long-running recession fears. MSCI's index of Asia-Pacific shares outside Japan was trading 1.54 per cent lower.
2022-09-28T07:51:30+05:30


​​​Meanwhile, Chicago Fed President Charles Evans said the central bank will need to raise interest rates to a range between 4.50% and 4.75%. * Though gold is seen as a hedge against inflation and economic uncertainties, rate hikes have dented the non-yielding bullion's appeal and pushed the dollar to multi-year highs.
2022-09-28T07:32:51+05:30


India's third largest private sector lender, Axis Bank, will invest around Rs 50-70 crore to acquire a little less than a 10 per cent stake in Fairfax-backed Go Digit Life Insurance.
2022-09-28T07:17:21+05:30


2022-09-28T07:16:43+05:30


In the latest flare-up in the euro zone's gas crisis and an escalation of geopolitical tension, Europe was on Tuesday investigating what Germany, Denmark and Sweden said were attacks which had caused major leaks into the Baltic Sea from two Russian gas pipelines at the centre of an energy standoff.
2022-09-28T07:00:37+05:30


The S&P 500 touched a session low of 3,623.29, its lowest point on an intraday basis since Nov. 30, 2020. A late rally helped push the index off its worst level of the day, but the index still closed lower for a sixth straight session as it lost 7.75 points, or 0.21%, to 3,647.29 .
2022-09-28T06:36:01+05:30


While U.S. crude oil in storage rose by about 4.2 million barrels for the week ended Sept. 23, according to market sources on Tuesday citing figures from industry group the American Petroleum Institute, gasoline inventories fell by about 1 million barrels.
2022-09-28T06:23:56+05:30


The tower company shot off this warning to Vodafone Idea in a strongly-worded letter written on Monday, said two people aware of the matter. This followed an Indus Towers board meeting earlier in the day that discussed the company's mounting trade receivables and noted that it was mainly due to payment delays by Vi.
2022-09-28T06:07:18+05:30


The Mukesh Ambani-led company is now building JioMart as a full-fledged marketplace with presence across categories to take on market leaders Amazon and Flipkart, they said.
2022-09-28T06:00:00+05:30


2022-09-28T06:00:00+05:30


Last month, Singtel announced plans to sell a 3.33% stake in Airtel to BTL as part of plans to boost shareholder returns and increase return on invested capital.
2022-09-28T00:19:51+05:30


The company had sought approvals from the shareholders for six resolutions at its annual general meeting held on September 26, out of which the ratification of remuneration of cost auditors for financial years 2021-22 and 2022-23 were approved.
2022-09-28T00:18:46+05:30


Eneva Brazil has given the highest offer of ₹2,800 crore, or the equivalent of $350 million, which is about 9% of claims, one of the persons said. Twin Star Overseas, owned by billionaire Anil Agarwal of Vedanta, has offered ₹1,200 crore or $150 million, which is about 4% of the claim amount, the same person said.
2022-09-28T00:05:50+05:30


Without directly seeking an extension, the Merchant Payments' Alliance of India (MPAI) requested the RBI to mandate system participants to demonstrate the same level of success rate in token and card-based payments in a letter dated September 26. The letter also requests that all existing e-mandates based on card details be immediately transferred to tokens.
2022-09-27T23:55:34+05:30


The Daily Price Limits (DPLs) define the maximum range within which the price of a commodity futures contract can move in one trading session. Such limits protect investors from sudden and extreme price movements and provide a cooling-off period to re-assess the information and fundamentals impacting the price of the commodity futures contract.
2022-09-27T20:47:50+05:30


The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite added between 1% and 2% after Wall Street fell deeper into a bear market in the previous session. Benchmark 10-year Treasury yields ticked up from Monday's 12-year high and the dollar eased from 20-year highs on a basket of currencies.
2022-09-27T20:17:45+05:30


Such borrowings which are in addition to interbank and RBI borrowings essentially comprising various kinds of bonds raised from the market have doubled to Rs 4.95 lakh crore in early September from Rs 2.43 lakh crore a year ago, according to the latest Reserve Bank data.
2022-09-27T20:12:13+05:30


2022-09-27T20:01:06+05:30


2022-09-27T19:18:21+05:30


2022-09-27T19:15:03+05:30


At 10:10 a.m. ET, the Dow Jones Industrial Average was up 114.32 points, or 0.39%, at 29,375.13, the S&P 500 was up 21.07 points, or 0.58%, at 3,676.11, and the Nasdaq Composite was up 103.40 points, or 0.96%, at 10,906.32.
2022-09-27T19:13:46+05:30


BPCL has a market capitalisation of Rs 67,301 crore, which is in the refining of crude oil and marketing of petroleum products."There is an increase of more than 2 per cent in the holding during the period from December 28, 2021, to September 26, 2022," LIC said.
2022-09-27T19:08:46+05:30


Those interest rate increases are pumping up the value of the dollar - the go-to currency for much of the world's trade and transactions - and causing economic turmoil in both rich and poor nations. In Britain and across much of the European continent, the dollar's acceleration is helping feed stinging inflation.
2022-09-27T19:00:12+05:30


Investors had expected a decision on this could come as early as this month when operators meet to review the composition of the index and after Russia's exit earlier this year. The latter led foreign investors to step up purchases of Indian government bonds with no investment cap.
2022-09-27T18:47:57+05:30


IHH had won a bid for a 31% stake in Fortis in 2018, which triggered an open offer for another 26% as per Indian regulations. Minority shareholders of Fortis would have had the right to tender their shares at a fixed price during this period. However, it could not be triggered.
2022-09-27T18:47:48+05:30


2022-09-27T18:35:03+05:30


Chart readers said more weakness is in line for the banking index as heavyweights are not showing resilience to the free fall. A close below the 38,000 level would stretch the banking index towards the 37,200 mark.
2022-09-27T18:30:45+05:30


This will give access to blockchain information across any of the several blockchains supported by Pocket. ‘Pay-as-you-go’ (PAYG) and ‘Always Free’ tiers are part of the recently customised Pocket Portal service plans.
2022-09-27T18:28:19+05:30


“Nifty formed a Bearish candle on the daily scale and has been making lower highs - lower lows from the last five trading sessions. Now, till it remains below 17,166 zones, weakness may be seen towards 16,800 and 16,666 zones whereas hurdles are placed at 17,166 and 17,250 zones,” said Chandan Taparia of Motilal Oswal Financial Services.
2022-09-27T18:10:48+05:30


2022-09-27T17:57:16+05:30


The list includes some blue-chip names, including Tech Mahindra, Bharti Airtel, Tata Steel and Wipro, which have outperformed consistently to deliver strong performance.
2022-09-27T17:39:47+05:30


Hero MotoCorp, Adani Ports SEZ, Tata Steel, Titan Company and Kotak Bank were among the top losers on NSE in today's trade.
2022-09-27T17:27:07+05:30


“From a portfolio strategy perspective, this is the right time to allocate cash to sectors you think can do well. I would say the sectors which have been beaten down quite terribly and which have good prospects of doing well in terms of profitability are the ones one should look at. ”
2022-09-27T17:22:06+05:30


The 30-share BSE Sensex closed down 37.7 points at 57107.52
2022-09-27T17:22:01+05:30


The 30-share BSE Sensex closed down 37.7 points at 57107.52
2022-09-27T17:16:54+05:30


In the Nifty pack, 27 stocks closed in the green, while 23 stocks ended in the red.
2022-09-27T17:11:46+05:30


The 30-share BSE Sensex closed down 37.7 points at 57107.52
2022-09-27T17:06:38+05:30


2022-09-27T17:01:43+05:30


The Nifty Auto index closed 0.51 per cent down at 12529.8.
2022-09-27T17:01:28+05:30


The NSE Nifty index closed 8.9 points down at 17007.4
2022-09-27T16:56:21+05:30


The NSE Nifty index closed 8.9 points down at 17007.4
2022-09-27T16:51:13+05:30


Skincare product maker- Curatio has a strong presence in the cosmetic dermatology segment with a portfolio of over 50 brands, marketed in India. Curatio’s portfolio consists of leading brands such as Tedibar, Atogla, Spoo, B4 Nappi, and Permite, which are ranked amongst top 5 brands in their covered market.
2022-09-27T16:47:36+05:30


The Nifty Realty index closed 0.27 per cent down at 417.05.
2022-09-27T16:46:05+05:30


A large hike in the policy rate, will lead to a further exacerbation of the economic growth, and unemployment in India 
Wed, 28 Sep 2022 08:34:26 +0530


MSCI#39;s broadest index of Asia-Pacific shares outside Japan fell 1.7% to its lowest since April 2020 as selling swept across emerging markets.
Wed, 28 Sep 2022 08:10:55 +0530


Addressing a joint press conference with US Secretary of State Antony Blinken after holding bilateral talks, Jaishankar said there is a very deep concern among developing countries about how their energy needs are addressed.
Wed, 28 Sep 2022 08:01:26 +0530


West Texas Intermediate sank below $78 a barrel, dropping toward the lowest level since early January that was hit earlier this week.
Wed, 28 Sep 2022 07:50:55 +0530


IPO will open for subscription on 4 October and close on 7 October.rnrnAnchor investors can bid on 3 October. The basis of allotment will be on 12 October and credit of shares on 14 October. The shares will be listed on bourses on 17 October.
Wed, 28 Sep 2022 07:46:12 +0530


The Supreme Court had last week ordered a forensic audit of the share sale of Fortis Healthcare to IHH Healthcare executed in 2018, in a contempt case filed by Japanese firm Daiichi Sankyo Company Ltd against the former promoters of Fortis, Singh brothers -- Malvinder and Shivinder, and others.
Wed, 28 Sep 2022 07:30:34 +0530


In a notification issued late Tuesday night, the Union Home Ministry said the central government is of the opinion that the PFI and its affiliates have been involved in subversive activities, thereby disturbing public order and undermining constitutional set up of the country and encouraging and enforcing a terror-based regressive regime.
Wed, 28 Sep 2022 07:25:47 +0530


It is also in our mutual interest to facilitate the development and mobility of talent. We agreed that impediments over this should be addressed, Jaishankar told reporters during a joint media availability with Blinken at the Foggy Bottom headquarters of the State Department here following their over an hour-long meeting.
Wed, 28 Sep 2022 07:19:32 +0530


Governor’s commentary would be focused more on addressing risk from external factors and its impact. If inflation peaks out in September (with global growth already showing signs of slowing down), this could be the last rate hike in this cycle
Wed, 28 Sep 2022 07:18:30 +0530


Governor’s commentary would be focused more on addressing risk from external factors and its impact. If inflation peaks out in September (with global growth already showing signs of slowing down), this could be the last rate hike in this cycle
Wed, 28 Sep 2022 07:18:30 +0530


Apple did not immediately respond to a Reuters request for a comment.
Wed, 28 Sep 2022 07:16:01 +0530


Apple did not immediately respond to a Reuters request for a comment.
Wed, 28 Sep 2022 07:16:01 +0530


Xi, wearing a mask, visited an exhibition in Beijing on Tuesday about China’s achievements over the past decade, state-run news outlet Xinhua reported.
Wed, 28 Sep 2022 07:12:25 +0530


The fund sits under the Wall Street giant#39;s asset management arm and is known as "West Street Capital Partners VIII." It plans to invest an average of $300 million to take controlling stakes in companies in the financial and business services sectors, as well as healthcare, consumer, technology and climate change transition.
Wed, 28 Sep 2022 07:05:16 +0530


In its first comments on plans by Britain#39;s new finance minister Kwasi Kwarteng, which have sent sterling and bonds into free fall, the IMF urged UK authorities to consider providing more targeted support to families and business instead of sizable tax cuts and sharply higher government spending.
Wed, 28 Sep 2022 07:02:52 +0530

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