New asset class could bring in flexibility with higher ticket size
Revolutionary new asset class proposed by India's market regulator, offering high-ticket investments between mutual funds and PMS/AIFs. Get ready for a wave of unique investment opportunities with flexible strategies and regulatory oversight. Will this shake up the financial industry? Find out more! Key Points
Economic TimesUltraTech cement to acquire 23 pc stake in India Cements for Rs 1885 crore
Mumbai (Maharashtra) [India], June 27 (ANI): UltraTech Cement Limited’s Board of Directors, in a meeting held on Thursday, approved a financial investment to acquire up to 7.06 crore equity shares in The India Cements Limited (ICL). This move aims to secure approximately 23 per cent of ICL’s equity share capital, marking a notable strategic investment […] Key Points
ThePrintETMarkets MF Talk: Plan to invest Rs 10 lakh in Modi 3.0? Keep 40% in mid & smallcap fund & 20% in largeca
We believe that elections are just another passing event in the long investing journey for an investor. There have been many coalition governments in the past as well, however, we have also seen that an investor who stays invested by remaining focused, disciplined and not getting swayed by his own emotions has benefitted immensely over the long run. Key Points
Economic TimesPost Office Savings Schemes Calculator: SSY, KVP, NSC, MIS, PPF, SCSS - How Much Will You Earn? Be A Crorepati With This Tax-Free Option - Top Points
Post Office Savings Schemes Calculator: Small savings schemes are a popular investment avenue for those looking for a sovereign backed option with guaranteed returns. From Public Provident Fund, Sukanya Samriddhi Yojana and Kisan Vikas Patra to Senior Citizen Savings Scheme, Monthly Income Scheme and National Savings Certificate, TOI with its knowledge partner FinFix, takes a look at some post office small savings schemes to calculate how much you can earn from them and whether the proceeds are taxable or not. It is important to note that the returns are not inflation-indexed. When deciding on investment options, real returns should be considered as well. (AI image) Key Points
Times Of IndiaIncome Tax exemption: Financial instruments you can still invest into before Mar 31 deadline
There are only a few investment instruments wherein you can invest this weekend i.e., before March 31 deadline. These include PPF, tax-saving fixed deposit schemes, among others Key Points
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RBI's hand behind today's rally in banks, other financial stocks
The Reserve Bank's December circular prohibiting regulated entities such as NBFCs from investing in AIFs having downstream investments either directly or indirectly in a debtor company of the entities had stressed investors. The rules also required entities to liquidate their investment within 30 days from the date of downstream investment or make 100% provision. Key Points
Economic TimesAn SIP of ₹10,000 a month in this Franklin mutual fund would have made you a crorepati
Franklin India Focused Equity Fund has given an annualised return of 14.33 percent since inception. So, upon investing ₹10,000 every month, one could have enabled an investment of ₹20 lakh to grow to nearly ₹98 lakh Key Points
mintIndia approves e-vehicle policy with tax relief to rev up manufacturing hub dream
The Indian government has launched a new scheme to boost electric vehicle manufacturing, aiming to attract foreign investments. With a minimum investment requirement of Rs 4,150 crore, the policy seeks to position India as a leading hub for advanced EV technology production. Key Points
Economic TimesIndia's capex cycle to continue: Morgan Stanley
Morgan Stanley predicts India's capital expenditure cycle will continue, driven by government spending and a revival in private investment. The bank predicts India's investment ratio to rise to 36% of GDP by FY27, from 34% in FY24. The Indian government predicts 7.6% GDP growth in FY24. The central government capex is expected to rise to 3.4% of GDP in FY25, while the investment ratio increased by 12 percentage points to 39% in FY08. Key Points
Economic TimesDelayed rate cuts negative for Indian markets; investment opportunities galore in several sectors: Hemant Sood of Findoc
Hemant Sood, MD of Findoc, predicts a negative impact on the Indian market due to delayed US rate cuts. Delayed rate cuts may lead to FIIs pulling out money, impacting Indian markets negatively. Key Points
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India’s capex run to continue; resembles 2003-07 period: Morgan Stanley
Indias capex cycle is expected to continue its run, with the current uptick resembling the 2003-07 period when growth averaged 8.6%, Morgan Stanley said. Key Points
Economic TimesCertus Capital plans to invest Rs 1,000 cr in real estate through secured credit
Certus Capital, an Indian real estate investment and advisory firm, plans to invest Rs 1,000 crore through secured credit in the Indian real estate sector over the next year. The firm, founded by former KKR director Ashish Khandelia, has already invested nearly Rs 400 crores for its secured bond platform, Earnnest.me. Certus Capital aims to focus on its investments through its own platform, Earnnest.me, which it started two years ago. Key Points
Economic TimesA monthly SIP of ₹10,000 since launch amounting to ₹19 lakh in this mutual fund would have grown to ₹1.20 cr now
If someone were investing ₹10,000 every month via SIP for one year, the total investment of ₹1.20 lakh would have swelled to ₹1.51 lakh, thus growing at internal rate of return (XIRR) of 52.66 percent. Key Points
mintThese are the world's top Citizenship by investment programs of 2024, according to Henley
The Henley & Partners' Citizenship Program Index has revealed that Malta, Austria, and Antigua and Barbuda are the top Citizenship by investment programs of 2024. Emerging markets like Cambodia, Vanuatu, and North Macedonia have also gained traction in the rankings. Key Points
Economic TimesForeign direct investment into China slumps to worst in 30 years
Chinas direct investment liabilities in its balance of payments rose by $33 billion last year, 82% down on 2022, according to data from the State Administration of Foreign Exchange released Sunday. That measure of new foreign investment into the country — which records monetary flows connected to foreign-owned entities in China — slumped to the lowest level since 1993. Key Points
Economic Times
Japanese retail investors pile billions into Indian equities
Total assets of India equity-focused investment trusts in Japan grew 11%, or ¥237 billion ($1.6 billion), in January, according to data compiled by Bloomberg. Factoring in the gains of Indian stocks on the yen basis last month, the figures suggest inflows of about ¥140 billion into India equity funds, while Japanese stock funds had almost no net inflows. Key Points
Economic TimesIndia negotiating bilateral investment treaties with different countries: FM Nirmala Sitharaman
India is negotiating bilateral investment treaties with different countries with a view to promote foreign inflows, Finance Minister Nirmala Sitharaman said on Thursday. She said that foreign direct investment (FDI) has doubled during 2014-23 to USD 596 billion compared to the inflow received during 2005-14. Key Points
Economic TimesThe real problem with Byju's bubble
India News: Discover the real problem with Byju's bubble and the implications for investors. Learn about BlackRock's valuation, corporate governance issues, and the impact on education startups. Find out why venture-backed education startups may be a scam and how technology can provide a better solution. Key Points
Times Of IndiaNational Savings Certificate: How to invest in NSC offline and online? Here's a step-by-step guide
Endorsed by the Government of India, NSCs are deemed an extremely secure investment choice. NSC investments are eligible for tax deductions under Section 80C of the Income Tax Act, allowing deductions of up to ₹1.5 lakh per year. Key Points
mintVenturing into stock market? 10 common mistakes to avoid when making your first investment with Demat
Avoiding common pitfalls is crucial for a successful investment journey. Here's a guide on mistakes to steer clear of in your first stock investment with a Demat account. Key Points
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Equity, debt, gold, or real estate – which one to bet for in 2024? Keep this in mind while tweaking your a
Right investment needs carefully crafted asset mix of various investment assets including equity, debt, gold and real estate, so that it not only delivers superior returns but also does it in the least risky way. Coming out of global turmoil during last 3 years, investors would be hoping for a better year. We tell you how the year 2024 will be for different asset classes and how can you make it work for you. Key Points
Economic TimesCapex mood sees revival in Q3, led by private sector: CMIE data
The investment mood improved in the December quarter, but remains weak since the same quarter a year ago. Analysts see a patchy outlook for now due to the looming Lok Sabha elections, but the overall trend is optimistic. Key Points
mintCrowd-in must not start crowding investors out
This year saw India’s credit-to-GDP gap turn positive after a long slump. If state capex to ‘crowd in’ private investment has finally begun to fructify, it’s time for a fiscal policy pivot. Key Points
mintIndia strongly objects to pushing talks on investment facilitation at WTO
India has strongly objected to efforts of certain countries to push a proposal on investment facilitation at the WTO, saying the agenda falls outside the mandate of the global trade body and cannot be deliberated in formal meetings. According to the statement of the Indian delegation in a meeting of the General Council of the World Trade Organisation (WTO), held during December 13-15, negotiation on investment does not belong to the WTO. Key Points
Economic TimesFive years since 2018 UP Investors Summit: Half of investment pledged translated into proposals, 3.24 lakh
In Yogi government's maiden Investor Summit held in 2018, 1045 MoUs (memorandums of understanding) worth Rs 4.28 lakh crore were signed between various companies and the state government. The government followed the Investor Summit with three 'groundbreaking ceremonies' in 2018, 2019 and 2022. Key Points
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UK's Sunak hails $37 billion investments before FDI summit
Prime minister Rishi Sunak announced 29.5 billion pounds ($36.76 billion) of private-sector investments in Britain, before hosting global executives in his bid to restore the country as Europe's top foreign direct investment (FDI) destination. Key Points
ReutersSebi nod for small, medium REITs to boost investments and liquidity
The Securities and Exchange Board of India (SEBI) decision to establish regulatory guidelines for small and medium real estate investment trusts (SM REITs) is anticipated to enhance retail and institutional investor participation, institutionalize the segment, and attract increased capital from domestic and international investors. This regulatory framework is expected to instill confidence, fostering wider acceptance of the growing asset class and providing vital support to real estate developers seeking to monetize assets and inject liquidity into the sector. Key Points
Economic TimesHow should a mutual fund investment portfolio be ideally allocated between lumpsum and SIP?
Investing in mutual funds requires careful consideration of the right allocation between lumpsum and SIP investments. Lumpsum investments allow for potentially higher growth but are subject to market timing risks. SIPs mitigate volatility by investing regularly at different price points. Key Points
mint4 investing principles that elevated Yngve Slyngstad to managing the NBIM
Yngve Slyngstad is a renowned investor who transformed the Government Pension Fund Global into the largest sovereign wealth fund globally. He advocates for long-term investing, diversification, active ownership, and transparency. Key Points
mintMorgan Stanley sees India outperforming China in 2024; adds RIL, DMart to focus list
India has delivered strong relative earnings, sustaining the strong market outperformance seen in 2022, while macro-fundamentals have withstood tightening financial conditions in the US. “India is set to establish secular economic and earnings outperformance vs EM,” the investment bank said in its 2024 outlook report. Key Points
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Wells Fargo to cut less than 50 investment banker jobs - source
Wells Fargo (WFC.N) has let go of less than 50 bankers from its corporate and investment banking unit as part of year-end pruning, a source familiar with the matter said on Tuesday. Key Points
ReutersPrivate capex yet to get broad-based, experts differ on next year’s trajectory
“It can be concluded that investment activity is not yet broad-based. It is in limited pockets. In terms of overall share, around 43% of the industries by size of fixed assets performed better than the average. Five major sectors, however, continue to trail, which includes power and telecom,” said Madan Sabnavis, chief economist of Bank of Baroda. Key Points
Economic TimesDPIIT proposes to engage consultancy agency to draw reservation list to be used in FTA talks
The DPIIT (Department for Promotion of Industry and Internal Trade) plans to engage a consultancy agency to create a reservation list for items not qualifying for commitments under free trade agreements (FTAs). The list, accompanying the investment liberalization chapter in FTAs, restricts commitments to specific sectors/activities. Key Points
Economic TimesAbu Dhabi plans $50 billion investment in fast-growing India
The United Arab Emirates is exploring investments of up to $50 billion in India, its second-largest trading partner. The potential pledges, which could be announced in early 2023, aim to strengthen bilateral ties and increase non-oil trade to $100 billion. Discussions include investments in Indian infrastructure projects and state-owned assets. Key Points
Economic Timesinvestment lessons to learn from Goddess Durga's 9 avatars
Navratri, a Hindu festival celebrated biannually, is not just about merriment and festivities, but also holds valuable investment lessons. Each of the nine avatars of Goddess Durga represents different qualities that can be applied to investments. These lessons include starting with introspection and dedication, being patient and disciplined, gaining knowledge, focusing on goals, taking control of finances, paying attention to details, eliminating negatives and sins, and being prepared for challenges. By following these lessons, one can welcome financial abundance into their life and create a diverse investment portfolio. Key Points
Economic Times
What are the best investment instruments for senior citizens? Hemant Sood answers
Hemant Sood, MD of Findoc, recommends the top investment instruments for senior citizens as NPS, Atal Pension Yojana, and Pradhan Mantri Vaya Vandana Yojana. These schemes offer low-risk or zero-risk investments backed by the government of India. The returns range from 6-7%, with regular interest payments. However, the regular monthly income from these schemes is taxable. Senior citizens should consider tax-efficient investment instruments, such as those linked with insurance, for long-term schemes. Key Points
Economic TimesGoldman Sachs sees India’s government curbing investment
To curb its budget deficit, India's government is likely to reduce its investment spending in the coming years, said Goldman Sachs Group Inc., giving the private sector scope to pick up the slack. Key Points
mintIndian government likely to curb spending from its pocket, open door for private investments: GS
Goldman Sachs predicts that India's government will reduce its investment spending in the future to control the budget deficit, allowing the private sector to take over. The rapid growth in capital expenditure cannot be sustained, according to Goldman economists. The private sector has the opportunity to increase investment, especially as businesses diversify their supply chains and expand manufacturing beyond China. Key Points
Economic TimesStimulating international investment for development
Investment is the key to development. investment fosters economic growth and employment generation, facilitates technology transfer, and enhances export capabilities, underscoring investment's multifaceted role in driving development. Key Points
Economic TimesStocks in news: Quick Heal, Infosys, Wipro, Adani Green, SBI Life, Uno Minda, Emami
American venture capital firm Sequoia Capital has exited Quick Heal Technologies Ltd, by selling its entire 3.4% stake in the company through the open market on Thursday. Key Points
Economic Times
QIA to invest $1 billion in Reliance Retail Ventures
RRVL, the holding company of Reliance Retail Ltd (RRL), had diluted 10.1% stake and raised over $6 billion in 2020 from several financial sponsors and sovereign wealth funds (SWFs) such as KKR, General Atlantic, TPG, Silver Lake, L Catterton, Abu Dhabi investment Authority, Mubadala and Public investment Fund of Saudi Arabia. Key Points
Economic TimesPLI on track; investment commitments at 60% of capex target: SBI MF research
“Investment commitments in auto has overshot government expectation while on the other hand, investment commitments have underwhelmed governments vision for ACC, textile, and mobile electronics,” SBI MF economists stated, pointing out that Rs 2.9 lakh crore of investment commitments had been received against the perceived capex target of Rs 5 lakh crore. Key Points
Economic TimesIndia, UK free trade agreement: 12th round of talks from Aug 7
India and the UK are close to finalizing a free trade agreement (FTA), with the 12th round of talks set to take place in August. The talks are expected to cover issues such as investment, reduced duties on autos and whiskey, and trade in services. Of the 26 chapters in the proposed FTA, 19 have been agreed, while a separate agreement on bilateral investment is also being negotiated. Key Points
Economic TimesIndia's road map for $5-trillion economy focusses on growth and ‘all-inclusive welfare’: Finance Ministry
The Indian government's road map to make India a $5 trillion economy focuses on macro-level growth and all-inclusive welfare on the micro level, according to Minister of State for Finance Pankaj Chaudhary. The plan aims to create a virtuous cycle of investment and growth and prioritises digital economy and fintech, technology-enabled development, energy transition and climate action. Key Points
Economic TimesChinese scammers are using innovative ways to dupe you, reveals Hyderabad Police probe
Chinese fraudsters have been behind an Rs 712 crore investment scam following a bust by Hyderabad police, with the group adept at creating alluring social media and website pages which appear to be genuine investment opportunities. A ToI report quoting the police department said the fraudsters are responsible for various concepts and modus operandi, including online gaming, high-return investment offers, crypto trading deals, task-based investment plans, and extortion schemes involving drug parcels, among others . Key Points
Economic Times
Cash-strapped Pakistan approves projects worth billions of dollars to Gulf countries for investment purpos
In a major development, cash-strapped Pakistan has in principle approved 28 projects worth billions of dollars that would be offered to Gulf countries for investment with the long-term objective to reduce reliance on loans and imports. The newly established Special investment Facilitation Council (SIFC) -- a hybrid civil-military forum - is leading the drive to fast-track economic development to address the financial woes of the country. Key Points
Economic TimesFocus on infra, investment, innovation, inclusiveness to make India developed nation by 2047: FM
Finance Minister Nirmala Sitharaman on Saturday said the focus of the government is on four Is -- infrastructure, investment, innovation and inclusiveness -- to make India a developed nation by 2047. She said India has necessary wherewithal to meet the goal set by Prime Minister Narendra Modi. Key Points
Economic TimesM&M buys 3.5% stake in RBL Bank for Rs 417 crore; may raise stake further
“We may consider further investment subject to pricing, regulatory approvals and required procedures. However, in no circumstances will it exceed 9.95,” M&M says Key Points
Economic TimesMorgan Stanley hires healthcare services banker Cohen from Truist
Morgan Stanley (MS.N) has hired veteran investment banker Daniel Cohen from Truist Financial Corp (TFC.N), where he was the head of the firm's healthcare services advisory business, a person familiar with the matter said on Wednesday. Key Points
ReutersExclusive: Barclays eyes smaller units for growth in strategic review, risks investor ire
Barclays (BARC.L) is betting it can revive its wilting share price by upping investment in a crop of its smaller businesses including U.S. credit cards, sources familiar with the matter said. But some of its top shareholders would prefer the quicker fix of a buyback. Key Points
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Commerce Ministry backs tweaks to bilateral investment treaty
India's Ministry of Commerce and Industry is pushing for changes in the country's Bilateral investment Treaty (BIT) text for some of its trade partners, but remains adamant that foreign investors must not invoke arbitration until they have exhausted all local remedies. India has gone into negotiations with the EU, where it has stressed that the country has a strong judiciary. Key Points
Economic TimesChina sets wide-ranging rules for private investment funds worth almost $3 trillion
China has introduced new regulations to govern the $2.9tn private investment fund industry with effect from 1 September. The rules, which were signed by Premier Li Qiang, will protect investors and support innovation by creating a chapter focused on venture capital funds. The new regulations apply to private investment funds with contracting, corporate or partnership forms. Key Points
Economic TimesChina sets wide-ranging rules for $2.9 trillion in private investment funds
China published regulations on Sunday for the country's $2.9 trillion private investment fund sector, seeking to better protect investors and promote innovation. Key Points
ReutersBarclays hires Birchenough as chairman of healthcare investment banking
Barclays Plc (BARC.L) has hired Jim Birchenough from Wells Fargo & Co (WFC.N) as its chairman of global healthcare investment banking, a spokesperson for the British bank confirmed, after Reuters reported on the appointment on Friday. Key Points
Reuters