MFs garner Rs 99,704 crore via NFOs in 2021 on sharp rally in stock market
Mutual fund houses launched 140 new fund offerings (NFOs), which collected about Rs 1 lakh crore in 2021 on a sharp rally in the markets and an exceptional increase in the retail investors’ interest However, the current volatility in the stock market might prompt asset management companies (AMCs) to limit the launch of NFOs this year, said MyWealthGrowth.com co-founder […]
Zomato to invest $400 million more in quick commerce; will set up a lending biz for restaurants
Online food delivery firm Zomato Ltd on Thursday said its revenue from operations for the December quarter rose from both a year earlier and sequentially, even as its loss shrank Revenue from operations for the fiscal third quarter rose to Rs 1,112 crore from Rs 1,024.2 crore in the July-September period and Rs 609.4 crore […]
Tube Investment Consolidated December 2021 Net Sales at Rs 3,410.10 Crore, Up 100.6% Y-o-Y
Net Sales at Rs 3,410.10 crore in December 2021 up 100.6% from Rs. 1,699.99 crore in December 2020Quarterly Net Profit at Rs. 278.88 crore in December 2021 up 159.79% from Rs. 107.35 crore in December 2020 EBITDA stands at Rs. 466.45 crore in December 2021 up 92.06% from Rs. 242.87 crore in December 2020. Tube […]
Markets Drop For A Second Day On Global Cues; Eke Out 2.5% Weekly Gain
Benchmark indices fell for a second day on Friday but ended the week with a 2.5 per cent gain. Global investor sentiment was hit by hawkish comments by the European Central Bank (ECB), disappointing earnings from US technology giants and a simmering crisis at Ukraine’s border The Sensex fell 143 points, or 0.24 per cent, to end at 58,645. […]
Markets Drop For A Second Day On Global Cues; Eke Out 2.5% Weekly Gain
Benchmark indices fell for a second day on Friday but ended the week with a 2.5 per cent gain. Global investor sentiment was hit by hawkish comments by the European Central Bank (ECB), disappointing earnings from US technology giants and a simmering crisis at Ukraine’s border The Sensex fell 143 points, or 0.24 per cent, to end at 58,645. […]
Gold Investment Platform Jar Raises $32 Million Led By Tiger Global
Savings and investment management platform Jar has raised $32 million in a Series A funding round led by Tiger Global, the company has said .The round also saw participation from Rocketship.vc, Thir Prime, Stonks, Force Ventures and existing investors including Arkam Ventures and WEH Ventures, the company said on February Angel investors, including Klarna founder Victor Jacobsson, […]
Sebi Advises MFs To Stop Investing In Int’l Stocks
The Securities and Exchange Board of India (Sebi) has advised mutual funds investing in overseas securities to stop further investments in foreign stocks to avoid breach of industry-wide overseas limits, two industry executives independently confirmed to Mint on the condition of anonymity Mutual funds can make overseas investments up to $1 billion per mutual fund, […]
Stick To Your Investment Plan Even If Market Is Volatile, Says Ajay Tyagi Of UTI AMC
Ajay Tyagi, Head of Equity at UTI AMC has advised that new age investors have to avoid timing the market, have an asset allocation plan, follow this plan systematically and stick with it even when things look volatile in the short run Investors trying to change their investment strategy every now and then to make […]
AI firm Fractal becomes second unicorn in 2022 with $360 million investment from TPG
Fractal, a US-based artificial intelligence firm, becomes the second unicorn in 2022 with the latest investment of $360 million from the private equity firm TPG Capital Asia. The funding will close by the first quarter of 2022 With the latest investment, the company’s valuation has exceeded $1 billion, according to industry sources. Mamaearth, valued at […]
Capricorn Investment Group Takes 20% Stake in Norselab’s European Impact Investment Platform
OSLO, Norway & NEW YORK–(BUSINESS WIRE)–Capricorn Investment Group makes their first move into the Nordic venture space with their investment in Norselab, an Oslo-based European impact investment manager for private capital With their thoughtful approach to innovative impact investments, Norselab stands out as an ideal partner to expand our presence into the Nordics and Europe. […]
