DISTRIBUTORS
Aditya Birla Sun Life Quant Fund NFO collects over Rs 2,400 crore Aditya Birla Sun Life Quant Fund's NFO raised Rs 2,416 crore, attracting 1,23,762 investors. It's an open-ended equity scheme based on Quant themes. NFO ran from June 10-24, with allotment on June 28 and reopening for subscription on July 1.
03 Jul, 2024, 01.28 PM ISTOzempic frenzy lures rich Indians to brave the gray market People are going to great lengths to obtain popular weight-loss drugs. They are stashing injectables in their carry-on luggage, buying counterfeit formulas online, and importing boxes from Europe. The treatments have sparked extensive media coverage...
19 Jun, 2024, 08.25 AM ISTMutual funds industry adds 81 lakh new investor accounts in Apr-May FY25 The mutual fund industry has added over 81 lakh investors' accounts in the first two months of the current fiscal (FY25), mainly due to consistent marketing efforts, celebrity endorsements and dedicated work of the distribution network.
16 Jun, 2024, 01.20 PM IST
Troubled with frequent power cut? Get compensation from electricity distributor if it happens due to this reason, know how Power cut: Electricity discom have to provide compensation to you if they have resorted to wilful load shedding. This compensation will be adjusted through your electricity bill. However for other deficiencies of service (if any) you will have to lo...
11 Jun, 2024, 11.09 AM ISTFor MF investors, multi-asset approach is way to go According to mutual funds research firm Value Research, at present flexi-cap schemes on average have an allocation of 50.9% to blue-chips, 19.9% to large-caps, 22.9% to mid-caps and 6.8% to small-caps.
04 Jun, 2024, 09.46 PM IST'Afternoon economy' cools as heat keeps customers indoors Heatwave conditions, particularly in the North, are significantly impacting the 'afternoon economy,' affecting sales and footfalls between 12 noon and 4 pm. The scorching temperatures are leading to a decline in the availability of delivery riders, ...
31 May, 2024, 12.28 AM ISTTata Mutual Fund warns investors of fake social media accounts Tata Mutual Fund has issued a public caution notice to alert its investors, distributors, brokers, investment advisors, partners, and the public about fraudulent activities on social media platforms. The notice highlights the presence of fake websit...
23 May, 2024, 01.13 PM ISTRetailers cut stocks of impacted spice brands like MDH and Everest About a third (32%) of retailers are limiting stocks of MDH and Everest branded packaged spices alleged to have contaminants exceeding permissible ethylene oxide levels, according to Kirana Club, which has 1.8 million kirana stores on its network.
21 May, 2024, 09.10 AM ISTSubstandard soan papdi lands Patanjali manager, two others in jail for six months After many hearings, soan papdi of substandard quality would land Lila Dhar Pathak, a businessman, Ajay Joshi, the distributor and Patanjali assistant manager Abhishek Kumar in jail for six months under Section 50 of the Food Safety and Standards Ac...
19 May, 2024, 10.10 AM ISTHDFC Manufacturing Fund raises over Rs 9,500 crore Some wealth managers said high-pitch advertising and marketing by fund houses and distributors along with strong returns from equity schemes have led to strong money flows into NFOs. Many investors used the new fund to diversify their existing portf...
17 May, 2024, 04.28 PM ISTTRUST MF Flexi Cap Fund NFO collects over Rs 500 crores Trust MF Flexi Cap Fund was open for subscription from April 5 to April 20. The total assets collected during the NFO period reflect strong interest and participation from investors and distributors, said the press release by the fund house.
30 Apr, 2024, 12.47 PM ISTApollo 24|7 to raise ₹2,475 crores from Advent; merges Keimed into digital arm Apollo 24/7 is valued at an enterprise value of Rs 14,478 crores. Keimed is valued at an enterprise value of Rs 8,003 crores. Following merger, Keimed shareholders would hold a maximum of 25.7% stake in the combined entity, while AHEL would continue...
27 Apr, 2024, 01.29 AM ISTTV distributors bet on bundling to arrest churn TV distribution companies are bundling services to prevent churn, with players like Airtel and Jio offering diverse packages. This strategy aims to retain subscribers amid industry churn, improve customer stickiness, and reduce acquisition costs. Fo...
24 Apr, 2024, 12.44 AM ISTEnergy player and gas distributor gets ready to give 7% gains each Nifty opened lower and remained under selling pressure throughout the day. It closed with a loss.
16 Apr, 2024, 02.34 PM ISTPhone companies press the crackdown button on deep online discounts After complaints from retailer associations, brands including Xiaomi and Realme are repurchasing stocks selling at lower prices to trace back the retailer and distributor and penalise them, according to correspondence between the two parties ET has ...
01 Apr, 2024, 08.42 AM ISTVivo, Oppo say bye to Chinese 'agents,' bring in Indian ones Vivo is likely to take up the office spaces currently occupied by the agents and convert them into its own state office, executives said. Oppo has set up such a structure in Delhi as a pilot, replacing its Chinese distributor with an Indian one. Thi...
08 Mar, 2024, 05.11 AM ISTNavigating the evolution of Input Service Distributor under GST ISD scheme enables distribution of ITC received at one location across other branches of a company. It ensures that ITC is allocated in adherence to the prescribed documentation and other legal requirements.
07 Mar, 2024, 11.26 AM ISTPrudent’s Sanjay Shah on what latest AMFI circular means for mutual fund distributors Sanjay Shah discusses the impact of the latest AMFI circular on mutual fund distributors and the opportunity it presents for wealth relationship managers. SEBI's comment on smallcap, midcap categories has led to a shift towards balanced advantage an...
07 Mar, 2024, 08.58 AM ISTOnline seafood firm Captain Fresh acquires US-based distributor Captain Fresh founder and chief executive Utham Gowda did not disclose the deal value, but said that his firm was fully acquiring CenSea in a cash-and-stock deal, with 90% of the consideration paid in cash.
29 Feb, 2024, 06.00 AM ISTTraders hint at slump in bulk purchases from MSME units before April as new IT law stares them in face The new income tax law requiring master distributors to clear MSME bills within 45 days sparks concern among merchants. Some reduce purchases to comply, fearing tax implications. Merchants argue customers face no such deadlines, posing payment chall...
08 Feb, 2024, 09.47 PM IST