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    FIDELITY INVESTMENT TRUST

    TRUST Mutual Fund appoints Jalpan Shah as head of fixed income

    Prior to joining TRUST Mutual Fund, Shah served as Senior Vice President at HSBC Mutual Fund. He was a key member of the organisation and is credited for managing substantial AUM in the fixed income space.

    Go Digit IPO opens; quick commerce boost for FMCG firms

    Go Digit General Insurance launched its Rs 2,615 crore initial public offering (IPO) on Wednesday. More details on this in today's ETtech Top 5.

    Go Digit Insurance Rs 2,615 crore IPO retail portion fully subscribed

    The IPO, priced between Rs 258 to Rs 272 per share, will close on Friday. The company had reserved 9.6 million shares for retail investors.

    Digit Insurance IPO's retail portion fully subscribed; key highlights of the offering

    The retail portion of Digit Insurance's IPO was fully subscribed at 1.45pm. The company had reserved 9.6 million shares for retail investors in the issue that opened on Wednesday. The Rs 2,615-crore IPO comprises a fresh issue of Rs 1,125 crore and an offer for sale component of up to 54.7 million shares.

    Outflows from Grayscale bitcoin ETF hit $1.9 billion in single week

    Grayscale Bitcoin Trust saw $1.9 billion outflows, affecting U.S. spot bitcoin ETFs. Despite buying interest from BlackRock, Fidelity, inflows slowed. Grayscale's high fee, bankruptcy trustees selling contributed. Challenges with Wealthfront, interest from institutional investors.

    Grayscale plans spin off of spot bitcoin ETF

    GBTC - which in January received approval to convert from a trust to an ETF - currently has higher fees than its peers, one of the key factors in drawing investors to rival ETFs, Reuters has reported.

    • Bitcoin ETFs come with risks: Here are key things you should know

      Several established financial institutions, including Fidelity and BlackRock, have coalesced around bitcoin because it is the world's first and largest cryptocurrency. But bitcoin remains an enigma to most everyday investors, and it's hard to separate the buzz from any true potential. It's also wildly volatile. In other words, it's a bet.

      Crypto funds have arrived. But who needs them?

      The SEC this month approved 11 new ETFs that track the price of bitcoin, and the decision has been heralded by promoters of bitcoin — and of the new funds — as an important event, legitimizing bitcoin as an asset class.

      Bitcoin ETF hopefuls still expect SEC approval despite social media hack

      ​U.S. asset managers remain hopeful the securities regulator will permit the trading of spot bitcoin exchange-traded funds (ETFs), even after a fake post on the agency's social media account saying they had been approved sparked confusion on Tuesday.

      Companies disclose expected fees for spot bitcoin ETFs ahead of SEC decision

      Their rates were well below the average rate that analysts had anticipated and that even some issuers had indicated would be the range.

      Investing in PSUs: Risks are of a different nature and so is reward for these 45 public sector stocks

      Few years back, for a PSU stock to do well there was an unwritten rule on Dalal street. Is that company a divestment candidate? If yes, then the street would look at in a positive manner otherwise it was a no go area. Nobody on the street was interested in looking at whether the company is growing at a good enough rate, what the business was, whether it had any moat or not. Over the years, as no divestment took place, interest in PSU came down. The only time there was some activity at these stocks was when dividends were announced as the yield was high in these stocks. But then all of sudden things changed. In the last nine months, PSU stocks are the new stars of Dalal street. Will 2024 see the continuation of this trend ?

      Crypto Talk | Fidelity Investment, BNY Mellon’s foray into crypto a boon, not bane: Giottus Crypto

      "In India, as regulatory clarity evolves, it is clear that crypto is here to stay. The primary challenge lies in aligning the government’s stance with a user-friendly environment for crypto enthusiasts. This will encourage businesses that have remained one foot away based on previous uncertainties to plan for an entry into the sector. The opportunity then lies in growth of a global sector that can eventually innovate, mature and gain mainstream acceptance, particularly in a technology-savvy country like India."

      ETtech Explainer: Will rate limits accelerate the decline in Twitter’s revenue?

      Citing advertising and marketing industry executives, a Reuters report said the rate limits could impede efforts by Twitter’s new chief executive Linda Yaccarino to woo advertisers.

      Fidelity readies new spot bitcoin ETF filing - report

      Fidelity is expected to file for a spot bitcoin exchange-traded fund (ETF), joining other major asset managers like BlackRock and WisdomTree. The filing has helped reverse negative sentiment in the cryptocurrency markets. If approved, the bitcoin ETFs could open the door for more institutional and high-net-worth retail investors to enter the crypto space. However, the Securities and Exchange Commission has rejected previous applications over concerns of market manipulation. Fidelity is also part of a consortium that recently launched a crypto exchange called EDX Markets. Grayscale Investment is suing the SEC over the rejection of its application to convert its spot Grayscale Bitcoin Trust into an ETF.

      Fidelity preparing to submit spot bitcoin ETF filing: report

      The filings have been viewed as a vote of confidence for the crypto space, reigniting some retail interest in the industry which had felt renewed pressure after Binance and Coinbase Global, two of the biggest crypto exchanges, came under fire from the U.S. Securities and Exchange Commission.

      Fidelity Group company leases sea-view office space in Mumbai

      The firm has leased over 6,150 sq ft of usable office space in the tower for five years. The agreement includes a clause to escalate rentals by 9.75% every two years.

      The/Nudge ties up with Punjab for its Indian Administrative Fellowship for private sector executives

      The/Nudge, founded by Atul Satija in July 2015, hopes that socially conscious business and technology leaders will pursue the opportunity to work with civil servants. The selection process involves screening after interactions with The/Nudge team, civil servants and external partners from September to October.

      Asset Monetisation: Government beats FY22 target with Rs 96,000 crore

      "During FY22, transactions aggregating to about ₹96,000 crore of accrual or investments by central and state government entities have been completed under the core asset monetisation programme," the official said. "This will have a cumulative investment potential of ₹9 lakh crore over the years."

      Sona Comstar raises Rs 2,500 crore in anchor issue, third-largest ever

      The anchor issue is the third-largest in Indian capital market history after SBI Cards and Payment Services and Power Grid Infrastructure Investment Trust.

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