The Wealth Company Asset Management Pvt Ltd, a part of the Pantomath Group, has announced launching the Rs 2,000-crore Bharat Bhoomi Fund — a Rs 1,000-crore Category II AIF with a ₹1,000-crore greenshoe option under its fifth Bharat Value Fund Series, targeting the real estate sector. The fund is led by Rakesh Kumar — whose…
Inflow in equity mutual funds slumped to its lowest level in 13 months to ₹19,013 crore in May, with large-cap, mid-cap and small-cap funds experiencing lowered inflows, primarily triggered by profit booking by investors. This also marks the fifth consecutive month of decline in inflow in equity funds and nearly 22% drop in net…
In the domestic equity market, the 30-share BSE Sensex declined 53.49 points to settle at 82,391.72, while the Nifty edged up to close at 25,104.25. File | Photo Credit: Reuters Rupee rose 4 paise to close at 85.62 (provisional) against the U.S. dollar on the back of strong foreign capital inflows. However, a mixed sentiment…
This was the fifth consecutive month of decline in equity fund inflow. File | Photo Credit: PTI Benchmark BSE Sensex closed lower by 53 points in a volatile trade on Tuesday (June 10, 2025), snapping its four-day winning run due to profit-taking in banking and energy shares. The 30-share Sensex declined by 53.49 points…
A view of the Bombay Stock Exchange building in Mumbai. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty began the trade on an optimistic note on Tuesday (June 10, 2025) in-tandem with a rally in Asian markets, optimism around US-China trade talks and foreign fund inflows. The 30-share BSE Sensex climbed 235.58 points…
Photo used for representation purpose only. | Photo Credit: AP The rupee rose 8 paise to 85.58 against the US dollar in early trade on Tuesday (June 11, 2025) amid a positive opening in the domestic equity markets and robust foreign capital inflows. However, rising global crude oil prices and a strengthening US dollar against…
Jewellery player Lalithaa Jewellery Mart has filed preliminary papers with markets regulator SEBI seeking its approval to raise ₹1,700 crore through an Initial Public Offering (IPO). The Chennai-based company’s proposed IPO is a combination of a fresh issue of shares worth ₹1,200 crore and an offer-for-sale of equities valued at ₹500 crore by M Kiran…
The dividend cheque was presented to Finance Minister Nirmala Sitharaman by SBI Chairman C.S. Setty in the presence of Financial Services Secretary M Nagaraju and Finance Secretary Ajay Seth. | Photo Credit: ANI The country’s biggest lender State Bank of India (SBI) on Monday paid a dividend of ₹8,076.84 crore to the government for the…
The 30-share BSE Sensex climbed 256.22 points or 0.31%, to settle at 82,445.21, driven by buying in bank stocks and the 50-share NSE Nifty surged 100.15 points or 0.40%, to 25,103.20. File | Photo Credit: AP Benchmark equity indices Sensex and Nifty closed higher for the fourth day in a row on Monday (June 9,…
The rupee benefitted from the initial reaction to the RBI rate cut, but the aggressive rate cut narrows the interest rate differential with global peers. Representational file image. | Photo Credit: Reuters The rupee appreciated 4 paise to close at 85.64 (provisional) against the U.S. dollar on Monday (June 9, 2025), supported by a firm…
