Mumbai: December is set to be another busy month for India’s red-hot initial public offering (IPO) market, with public issues worth nearly ₹30,000 crore scheduled to hit the street, a fitting crescendo to mark the end of what has already been a record-breaking year. The IPO market is set to accelerate in December with around…
Resources conglomerate and Mumbai-listed Vedanta is preparing to raise about ₹2,000 crore through rupee-denominated non-convertible debentures (NCDs) at its ferrous metals subsidiary ESL Steel, formerly Electrosteel Steels, people familiar with the fundraising told ET. The notes are likely to be priced around 10%-12%, depending on the structure and guarantee package. Citibank is expected to arrange…
ICICI Prudential Large Cap Fund, a flagship product of ICICI Prudential Mutual has turned Rs 10 lakh lumpsum investment to Rs 1.15 crore in the last 17 years since its inception, an analysis of the performance showed. Launched on May 23, 2008, the fund has delivered a CAGR of 15% since its inception. In the…
HDFC Life, SBI Life, ICICI Prudential Shares Today: Shares of insurance companies like HDFC Life, SBI Life, and ICICI Prudential were trading higher on Friday after the companies told that the recent GST changes would have little impact on their core business. This comes in the aftermath of GST Council’s 56th meeting on September 3,…
According to market expert Anil Singhvi, the government’s recent GST reforms amount to a mini budget, delivering one of the biggest tax relief packages since the 2019 corporate tax cuts. These sweeping GST rate reductions cover almost all sectors where relief was expected and promise to stimulate consumption, business growth, and market confidence. “This is…
Parag Parikh Flexi Cap Fund In 10 years, Parag Parikh Flexi Cap has given a 20.92 per cent annualised return. Its assets under management (AUM) are Rs 1,03,868 crore, while its net asset value (NAV) is Rs 92.46. Benchmarked against NIFTY 500 TRI, the fund has given annualised returns of 20.16 per cent since its…