ITIS
10 equity mutual funds offered over 30% returns in six months
Around 10 equity mutual funds have offered over 30% returns in the last six months. There were around 263 equity mutual funds active in the market in the same time period.
NEET paper leak case: Now, Maharashtra arrest and Delhi connection plot
The Central Bureau of Investigation (CBI) has arrested a school teacher from Latur, Jalil Khan Pathan, and detained Sanjay Jadhav, another teacher on the run. The police are investigating a national-wide racket in the alleged NEET-UG paper leak. The case was registered based on input from the Maharashtra anti-terrorism squad, which had identified a covert operation in Latur.
These equity MFs offered over 70% returns in one year
Around 249 equity mutual funds have offered more than 60% returns in tha last one year. Of these, 5 gave over 70% returns in the said period, according to the data extracted from ACE MF.
Skills minister Jayant Chaudhary calls for a renewed focus on ITIs
Skills Development Minister Jayant Chaudhary emphasized revitalizing Industrial Training Institutes (ITIs) and advocated for blended learning approaches at ITIs and National Skill Training Institutes (NSTIs). At a review meeting of the Directorate General of Training (DGT), he underscored enhancing industry collaboration through flexible partnerships and dual training systems. Chaudhary highlighted the modernization of ITIs with updated infrastructure, relevant curricula aligned with market needs, and specialized training programs.
View: Time to reskill the skilling plan
India's 'Skill India' initiative has improved access to quality education and skilling, including new ITI capacities, increased apprenticeship engagement, and the launch of Skill India Digital Hub. The National Education Policy (NEP 2020) envisions integrating skilling into all education forms, inspiring reforms like the National Credit Framework (NCrF) and National Curriculum Framework (NCF).
India has made huge strides, but the new govt still has a lot to do
The past decade in India has seen significant transformations in infrastructure, economic reforms, and digitization, laying the groundwork for sustained growth. The challenge for the new government is to maintain an 8%-plus growth rate and increase per capita income. To achieve this, private investment must drive growth, with investments rising to 32-35% of GDP. Scaling up manufacturing, outcome-oriented skill development, supporting women and youth entrepreneurs, reforming municipal governance, realizing tourism potential, accelerating R&D, and addressing urban challenges are key areas for action.
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LS polls: Delhi Police issues traffic advisory ahead of counting of votes on Tuesday
Delhi Police issued an advisory for traffic arrangements on Tuesday due to the counting of votes for the 2024 general elections on June 4.
Beyond elections, track these 6 factors also to understand Nifty movement this week
Investors would react to not just the exit poll predictions but also India's Q4 GDP numbers which, at 7.8%, was much higher than the Street estimates. Global markets will likely react to the outcome of the PCE data in the US, the Fed's preferred gauge of inflation.
Contra bet! With 68% AUM jump in April, what’s fueling rally in this equity MF category?
In April, contra/value equity mutual funds witnessed a 68% AUM jump to Rs 1,57,946 crore, attracting investors with a higher risk appetite. These funds invest in out-of-favour or undervalued stocks, offering potential returns amid market volatility.
India election 2024: How markets may react to the outcome
India's national election, spanning six weeks and concluding on Saturday, has financial markets eagerly awaiting the verdict after counting on June 4.
Domestic equity-oriented MFs vs global themes: Should you diversify to mitigate risks?
Domestic equity-oriented mutual funds have outperformed foreign-themed schemes in the last year, with average 1-year returns at 44% for local equities compared to 21% for overseas funds. Experts recommend diversifying with foreign-themed mutual funds for global diversification and risk mitigation.
18 equity mutual funds deliver up to 79% return in one year. Have you invested in any?
Around 18 equity mutual funds, including Quant Value Fund and Quant Mid Cap Fund, delivered over 60% returns in the last year. An analysis of their performance highlighted significant growth, emphasizing the importance of informed investment decisions.
5 stocks that saw highest fall in GoI's stake in March quarter
The government of India (GoI) holds many stocks in its portfolio. Here's a look at the stocks wherein the GoI slashed its stake the most in the quarter gone by. (Source: primedatabase.com)
ICICI Securities Delisting: 16 fund houses vote in favour of plan and 7 against
Sixteen domestic mutual funds, including Kotak and LIC, supported ICICI Bank's proposal to delist ICICI Securities, despite concerns raised by some shareholders. This led to a class-action lawsuit by retail investors and support from ICICI Prudential Mutual Fund.
Have an emotional connect with Rae Bareli: Rahul Gandhi
Rahul Gandhi pledges to enhance Amethi and Rae Bareli with manufacturing and food processing units, emphasizing the continuity of family's development legacy and commitment to serve the constituencies with historical significance.
Top 5 banking & PSU debt mutual funds with 1-yr returns & who should invest
Top 5 banking & PSU debt mutual funds cater to lower risk appetite investors, outperforming Crisil 10 Yr Gilt Index. Active banking & PSU banks manage Rs 80,730 crore AUM. Notable underperformers include Baroda BNP Paribas, Canara Rob, Mirae Asset funds.
BSNL to launch 4G services across India in August; to use indigenous technology
State-owned BSNL will start rolling out 4G services across the country from August, using completely indigenous technology in line with the government's "Atmanirbhar" policy, according to official sources. BSNL officials claimed to have recorded peak speed of 40-45 megabit per second on the 4G network which has been rolled out in the premium spectrum band of 700 megahertz (Mhz) as well as in 2,100 Mhz band during the pilot phase.
5 stocks where the President reduced holdings in March. Do you own any?
As per the latest data by Trendlyne, the President of India, Droupadi Murmu, publicly holds 78 stocks with a net worth of over Rs. 4,400,890.5 crore. Here are the stocks wherein the Indian government reduced most stake in March 2024:
SAIL, IRFC among 46 stocks with double digit returns this week. SPARC, 82 others deliver negative returns
Notwithstanding high volatility over the week, the BSE 500 index outperformed the headline BSE S&P Sensex with the latter gaining 0.90% (642 points) on a weekly basis.
TCS setting up four large BSNL data centres in Rs 15,000 crore 4G deal
Tata's IT arm and C-DOT, a government agency, will deploy India's first locally developed 4G network solution for BSNL across its entire service area. This involves installing equipment at 38 locations.
5 PSU stocks give 5-15 times returns in Modi's 10-year rule; 17 turn multibaggers
ETMarkets analysis shows significant returns by PSU stocks during the last decade of the Modi government, with Bharat Electronics Limited (BEL) leading with remarkable growth.
This is a bull market with legs, we are not in a bubble; stay invested: Rajesh Bhatia
Rajesh Bhatia advises caution in the bull market, emphasizing India's growth potential and the positive market color. He discusses the impact of global commodities, real estate market trends, and the promising outlook for private banks amidst incremental deposit growth. Bhatia says: "So many sectors have done well, which is really the colour of a bull market. "
ITIs to add ‘AI for All’ to curriculum
Programme, offered by Future Right Skills Network in collaboration with Directorate General of Training, aims to bridge gap between industry requirements and academic offerings.
Tata Technologies inks pact with Telangana for skill centres
Tata Technologies signed an MoU with the Telangana government to establish Advanced Technical Skill Training Centres in 65 Industrial Training Institutes. The company will upgrade government ITIs as advanced technology centres and conduct 9 long-term, 23 short-term, and bridge courses. Project implementation is scheduled for the 2024-2025 academic year.
ETMarkets Smart Talk: Nifty@22K! Retail investors can put lumpsum in Balanced Advantage, Value Funds & ELSS: Rajesh Bhatia
Rajesh Bhatia, CIO at ITI Mutual Fund, advises lumpsum investment in Balanced Advantage Funds, Value Funds, and ELSS Tax Saver Funds. He suggests systematic investment in mid and small-cap categories. India's weight in the MSCI index is increasing, attracting foreign capital inflow. The Indian corporate sector earnings have benefited from lower commodity prices.
ETMarkets Smart Talk: 2024 outlook! Flexicap and largecap funds offer a balanced approach in current scenario: Rajesh Bhatia
"While the debate is around whether we are at the late stages of a valuation cycle and investor optimism, it is equally important to know that we are at an early stage of an economic cycle. So, while valuations can possibly correct, the earnings trajectory is expected to march on for the next few years and will provide a downside buffer to markets."
PSU rail, bank, and defence stocks rally up to 15% after Monday's crash
PSU bank stocks such as Punjab and Sind Bank, Central Bank of India, Bank of Maharashtra, UCO Bank, and Indian Overseas Bank surged by 4-6%. Bank of India and Punjab National Bank (PNB) also rose over 3%.
IIE to establish entrepreneurship development centers in over 100 ITIs and NSTIs
IIE will be establishing Entrepreneurship Development Centers in eight states of North East. The project is targeting 29,500 enrolled students of ITIs and NSTIs from across all 8 states of NER, who will initially undergo ‘Two Days of Entrepreneurship Awareness Program’ (EAP) in the first stage.
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