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MUTUAL FUNDS NEWS
Nippon India Mutual Fund changes fund manager for three schemes
Fri, May 03, 2024     Source : Economic Times
Nippon India Mutual Fund has changed the fund manager for its three schemes: Nippon India Small Cap Fund, Nippon India Multi Asset Fund, and Nippon India Focused Equity Fund.
MUTUAL FUNDS NEWS
Big miss! 93% smallcap mutual funds fail to beat benchmarks in April
Fri, May 03, 2024     Source : Economic Times
Around 93% of the small cap mutual funds have failed to outperform their respective benchmarks in April, an analysis of the performance showed.
NEWS
Aadhar Housing Finance sets IPO price band of Rs 300 to Rs 315 per share
Fri, May 03, 2024     Source : Business Standard
Aadhar HFC provides a variety of mortgage loan products for residential and commercial property purchase and construction, home improvement and extension
NEWS
India's IPO market set to break May jinx in Lok Sabha election year
Fri, May 03, 2024     Source : Business Standard
For 1st time during poll cycle since '04, mkts will see IPO frenzy
NEWS
Manufacturing PMI slips to 58.8 in April from March's 16-year high
Fri, May 03, 2024     Source : Business Standard
Manufacturers report robust demand from Indian and foreign clients, says HSBC final survey for the month
NEWS
Japan's forex intervention may have cost $23.6 bn, BoJ data shows
Fri, May 03, 2024     Source : Business Standard
Analysts point to the gaping gap between Japanese and U.S. government debt yields as the force behind the yen's slide
NEWS
Vodafone Idea seeks Rs 15,000 cr loans in next two years
Fri, May 03, 2024     Source : Economic Times
Vodafone Idea Ltd. is in talks with lenders for loans totaling 150 billion rupees ($1.8 billion) in the next two years, people familiar said, as the billionaire Kumar Mangalam Birla-led wireless carrier se...
NEWS
First Abu Dhabi Bank, Mizuho Bank in race for SBI’s stake in Yes Bank
Fri, May 03, 2024     Source : Business Line
UAE’s FAB meets RBI; BofA to run deal for Japanese lender; no local investor approached
NEWS
97.76% of Rs 2000 currency notes returned, says RBI
Fri, May 03, 2024     Source : Economic Times
The Reserve Bank of India (RBI) on Thursday said 97.76 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,961 crore worth of the withdrawn notes are still wit...
NEWS
Fed announces reduction in balance sheet runoff pace
Fri, May 03, 2024     Source : Economic Times
The Federal Reserve announced plans on Wednesday to slow the speed of its balance sheet drawdown, after having spent much of the earlier part of the year warning of this shift.
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