PPFAS CIO Rajeev Thakkar said recent underperformance of the Parag Parikh Flexi Cap Fund is not unusual, defending the fund’s cash holdings, HDFC Bank investment and long-term value investing approach.
Dr Reddy’s Laboratories has terminated its distribution and promotion agreement with Novartis India following a change in the company’s controlling shareholding. The drugmaker will continue commercialising the covered brands until September 30, 2026.
The Reserve Bank of India has approved IndusInd Bank’s proposal to set up a wholly owned subsidiary for stock broking. The lender will infuse equity into the new entity before it begins operations, subject to regulatory conditions.
Shares of Raymond Realty Ltd ended at ₹689.25, up by ₹0.80, or 0.12%, on the BSE.
US stocks opened higher after a weaker-than-expected July jobs report strengthened expectations that the Federal Reserve could lower interest rates in the coming months. Technology stocks led gains, while investors also monitored developments in the Strait of Hormuz and oil…
The Securities and Exchange Board of India (Sebi) has issued observations — the regulatory green light needed before a company can launch its public issue — for five IPO filings and four confidential pre-filings in its latest weekly status report.…
The state-run lender reported a marginal increase in June-quarter profit even as net interest income declined. The board also approved an interim dividend of ₹3.90 per share.
Shares of Kaynes Technology India Ltd ended at ₹3,850.00, up by ₹28.00, or 0.73%, on the BSE.
SBI set the pace, while Titan beat estimates on profit and margins despite a revenue miss. Hindalco kept the momentum going, while Oil India, Raymond, Ola Electric and Jyoti CNC added their own twists to Friday’s earnings.
Foreign institutional investors (FIIs) turned net buyers on Friday, investing ₹480 crore in Indian equities and ending a brief selling streak. Domestic institutional investors (DIIs) also remained net buyers despite a weak market close.