[ad_1] MUMBAI: Market benchmarks Sensex and Nifty wilted under selling pressure on Friday after a five-day rally as investors pared exposure to banking, financial and consumer durable stocks amid mixed trends in global markets.Rising global crude prices, a depreciating rupee and persistent foreign fund outflows further weighed on sentiment, traders said.Profit-taking also came into play…
[ad_1] Mutual fund KYC status: The introduction of new Know-Your-Customer (KYC) regulations for mutual funds, effective from April 1, 2024, has changed how investors can access mutual fund schemes. That’s why it’s important for mutual fund investors to check their KYC status and understand what it means, so they can invest in mutual fund schemes…
[ad_1] MUMBAI: Indian startups raised $2 billion in funding in the Jan-March quarter, data sourced from market research firm Tracxn showed. That’s about 40% lower compared to the $3.3 billion that companies pocketed from investors in the year-ago quarter.A reading of the trends in quarterly funding, however, showed that the ecosystem, which has been struggling…
[ad_1] MUMBAI: HDFC Bank CEO Sashidhar Jagdishan has requested investors to be patient during the bank’s transition. He compared it to the construction of Mumbai’s coastal road, and promised that benefits would follow the transition phase.During an investor call after the bank’s results, Jagdishan said that the bank’s goal was to ensure sustainability of its…
[ad_1] NEW DELHI: Debt-saddled telecom operator Vodafone Idea Ltd’s Rs 18,000 crore follow-on offering (FPO) on Friday picked up momentum with close to half of the issue being subscribed, largely by institutional investors. Over Rs 12,000 crore, including Rs 5,400 crore from anchor investors, has been raised by the end of day 2 of the…
[ad_1] Vodafone Idea FPO: Vodafone Idea has opened its Follow-on Public Offering (FPO) today with an opportunity for investors to subscribe to a Rs 18,000-crore offer. Analysts suggest that despite the company’s debt burden, the fresh infusion of capital could enhance its prospects. Here’s what you need to consider before deciding whether to apply for…
[ad_1] MUMBAI: ShareChat (Mohalla Tech) on Monday announced the closure of its $49 million funding round via convertible debentures led by existing investors Lightspeed, Temasek, Alkeon Capital, Moore Strategic Ventures and HarbourVest, amongst others. This capital raise will help the company invest further behind its Ad targeting technology as well as continuing the growth of…
[ad_1] MUMBAI: Dalal Street investors are bracing for heightened volatility and a negative opening on Monday as the Iran-Israel conflict will compound turmoil in global markets. Traders would remain cautious and wait for cues to take a view about the market’s trend, they said. For one, any escalation of the conflict could have a direct…
[ad_1] NEW DELHI: Foreign portfolio investors (FPIs) maintained their position as net buyers in the Indian stock markets for the third consecutive month in April. According to data from the National Securities Depository Limited (NSDL), FPIs have purchased stocks worth Rs 13,347 crore in India so far this month. Despite the positive trend, VK Vijayakumar,…
[ad_1] The stock market has punished Apple this year for failing to offer a vision of where its future growth will come from. The shares caught a bid on Thursday after the tech giant took a step toward providing an answer.Apple’s decision to overhaul its Mac computer line to focus on AI struck a chord…
