By Manojh Vayalar This June series, Nifty futures started with a premium of 70-80 points for the current month. For the Nifty futures, FII maintained around 40% short positions, which is less than the last month’s series, which is now currently up to around 50% shorts. The index witnessed a long buildup rally since the […]
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Dabur: Focus on power brands; the firm is expanding existing categories and entering new areasDabur: Focus on power brands; the firm is expanding existing categories and entering new areas
By Nuvama Research Dabur recently hosted its Capital Markets Day, where it outlined several key initiatives aimed at driving growth in its Power Brands via Recovery in healthcare portfolio where Dabur is focusing on its higher-margin healthcare portfolio, led by former Himalaya CEO Philipe Haydon; expansion of international business wherein the company is actively expanding […]
58% active funds underperform BSE 100: SPIVA58% active funds underperform BSE 100: SPIVA
Most Indian equity large-cap funds failed to beat their benchmark, with 58% of actively managed funds underperforming the BSE 100, shows the SPIVA India Scorecard for the first half of 2023. The SPIVA report (S&P Indices versus Active Funds) was released by S&P Dow Jones Indices on Tuesday, and shows the varying performance of active […]
From wrestling mat to political pat: Wrestlers flexing muscles to protest at Jantar Mantar | PhotosFrom wrestling mat to political pat: Wrestlers flexing muscles to protest at Jantar Mantar | Photos
1/11 Several national award winning wrestlers have been protesting at Jantar Mantar, Delhi, demanding the Central government make public the findings of an oversight panel that investigated the sexual harassment allegations against WFI chief Brij Bhushan Sharan Singh, also a BJP MP. (Photo: PTI) 2/11 Wrestlers Bajrang Punia, Vinesh Phogat, Sakshi Malik and others participate […]
Earth Hour 2023: When lights turned off – See PhotosEarth Hour 2023: When lights turned off – See Photos
1/10 Earth Hour, a worldwide movement organized by the World Wildlife Fund (WWF), was observed on Saturday night, globally. Held annually, on the last Saturday of March, the event encourages individuals, communities, and businesses to turn off non-essential electric lights for one hour. The time is from 8:30 pm to 9:30 pm.It is a symbol of […]
Mcap of seven of top 10 firms declines Rs 62,279 cr; Reliance biggest laggardMcap of seven of top 10 firms declines Rs 62,279 cr; Reliance biggest laggard
The combined market valuation of seven of the top 10 valued firms eroded by Rs 62,279.74 crore last week, with Reliance Industries taking the biggest hit. While Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, ITC, State Bank of India and Bharti Airtel were the laggards from the top 10 pack, HDFC Bank, […]
India’s share in global ER&D sourcing market to reach $130-170 billion by FY30India’s share in global ER&D sourcing market to reach $130-170 billion by FY30
India is projected to contribute 22% to the global Engineering Research and Development (ER&D) sourcing market by FY30, says a Nasscom-BCG report. According to a Nasscom-BCG report titled ‘Seizing the ER&D Advantage: Frontiers for 2030’, India’s market share will increase from $44-45 billion in 2023 to $130-170 billion by FY30, making it a preferred destination […]
Valiant Lab IPO subscribed 71% on day two of subscriptionValiant Lab IPO subscribed 71% on day two of subscription
The initial public offer (IPO) of pharmaceutical ingredient manufacturing firm Valiant Laboratories was subscribed 71 per cent on day two of subscription on Thursday. The initial share sale received bids for 54,25,770 shares against 76,23,030 units on offer, as per NSE data. The IPO is an entirely fresh issuance of up to 1.08 crore equity […]
Oil climbs with tight supply back in focusOil climbs with tight supply back in focus
Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand. Brent crude futures climbed 48 cents, or 0.5%, to $93.75 a barrel by 0110 GMT after settling 3 cents lower on Friday. […]
Closing Bell: Markets end in the red dragged down by pharma, Nifty below 19,700 and Sensex slips to 66,000 levelsClosing Bell: Markets end in the red dragged down by pharma, Nifty below 19,700 and Sensex slips to 66,000 levels
The markets extended decline for the fourth straight session and lost nearly half a percent. Profit booking continued in the market and after the initial uptick, the Nifty oscillated in a narrow range. It finally settled around the day’s low at 19,674.25 levels. The Sensex also slipped 221 points and ended the day at 66,009. […]