"The sustained strengthening of the dollar and rise in the US bond...
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Equity MF inflows soar to near Rs 4 lakh cr in 2024
In 2024, the total inflow into equity and equity-oriented schemes...
Sebi launches digital knowledge repository ‘Dharohar’ on Republic Day
It is designed to cater to a wide audience, including students,...
LIC IPO: Share price fixed at Rs 949, Govt raises Rs 20,560 crore
LIC share trading on the stock exchange is due to begin May 17 LIC’s debut comes at a time when capital-market activities have significantly slowed globally as the war in Ukraine stokes market volatility and saps investor appetite Mumbai: India raised Rs 20,560 crore...
Investors lose nearly Rs 19 trn in five trading sessions
"Markets continued to remain under pressure in sync with global markets slump, as worries of more interest rate hikes coupled with sluggish economic growth going ahead weighed on sentiment. The ongoing conflict and lockdowns in China due to virus spread is promoting...
Allianz sets another $2 billion over US fund debacle
The collapse of a $15 billion set of investment funds during the pandemic market turmoil in early 2020 has cast a long shadow over Germany’s most valuable financial firm and one of the world’s largest asset managers The collapse of the funds has been under...
Equity MFs see Rs 15,890-cr inflow in April amid volatile stock market
All the equity-oriented categories received net inflows in April with sectoral/ thematic funds category being the biggest beneficiary with a net inflow of Rs 3,843 crore. The segment also saw a launch of a new fund -- ICICI Prudential Housing Opportunities Fund, which...
LIC IPO: Grey market premium falls by 90% ahead of listing
In the unofficial market, shares of the insurance major exchanged hands at a minuscule premium of Rs 8-10 per share over the issue price, which is 90 per cent below the premium of Rs 100-105 per share it commanded a week earlier Mumbai: As the much-awaited initial...
LIC IPO subscribed nearly 3 times; share allocation on May 12
Against 16,20,78,067 shares on offer, 47,83,25,760 bids were received, according to data posted on stock exchanges at 7 pm. LIC had fixed the price band at Rs 902-949 per equity share Bidders in LIC IPO will be allocated shares on May 12, and the insurance behemoth...
Rs 7.73 trn crore of investors’ wealth depleted in two days amid market collapse
Foreign institutional investors continued their selling spree, offloading shares worth a net Rs 5,517.08 crore on Friday, according to stock exchange data. "There seems to be no respite for the markets from the bear hug as the weak Asian gauges and fall in European...
Investment banks forgo bumper fees for league rank in mega LIC IPO
The 10 advisers who manage the initial public offering They will receive around Rs 10 million ($129,000) each for their role in the deal, a fraction of what they would normally pocket for a deal of this size Mumbai: investment banks advising on the initial public...
LIC IPO: QIB portion fully subscribed on last day, FIIs steer clear
Foreign institutional investors have on the whole steered clear of India’s biggest share sale, deeming it too expensive given currency risks and the global market backdrop. The non-institutional investors' portion was subscribed 1.38 times. Retail individual investors...
Foreign funds’ share in India equities at 19.5%, lowest since March ’19
The record fall was mainly due to the massive outflows of USD 5.4 billion in March and a whopping USD 15.7 billion in FY22. Such a massive pullout came after they pumped in USD 23 billion in 2020 and USD 3.7 billion in 2021 New Delhi: Foreign funds' ownership in...