SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA DUN
![United Spirits, Axis Bank among 18 stocks to trade ex-dividend from Friday](https://img.etimg.com/thumb/msid-111649211,width-100,height-75,resizemode-4/markets/stocks/news/united-spirits-axis-bank-among-18-stocks-to-trade-ex-dividend-from-friday.jpg)
United Spirits, Axis Bank among 18 stocks to trade ex-dividend from Friday
Here's a concise synopsis: Dividends are distributed to shareholders whose names are listed in the company's records on the record date. With the T+1 framework, the record date and ex-date are usually identical, except when a market holiday falls after the ex-date.
![In equity's Indian summer, IPOs and investors make hay in 2024](https://img.etimg.com/thumb/msid-111647510,width-100,height-75,resizemode-4/markets/ipos/fpos/in-equitys-indian-summer-ipos-and-investors-make-hay-in-2024.jpg)
In equity's Indian summer, IPOs and investors make hay in 2024
The IPO market in 2024 has seen strong investor interest with 38 companies listing at an average gain of 25%. While some stocks like Jyoti CNC Automation and Exicom Tele-Systems have surged 100-300%, others are trading below offer price. Major IPOs from Bharti Hexacom and Aadhar Housing Finance have performed well.
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UP government eases building regulations to boost hotel industry
The Uttar Pradesh government has amended building construction laws to boost the hotel industry amid rising tourism. Key changes include lowering land requirements and easing regulations for small hotels, while prohibiting hotel construction on residential plots in planned colonies. Hotels with up to 20 rooms can be built on narrower roads, and parking space and setback rules have been updated. Height restrictions have been relaxed within permissible limits, with large hotels allowed mixed-use space.
![Quant Small Cap Fund sells 8.3 lakh shares of LIC, exits Adani Green Energy](https://img.etimg.com/thumb/msid-111573811,width-100,height-75,resizemode-4/mf/analysis/quant-small-cap-fund-sells-8-3-lakh-shares-of-lic-exits-adani-green-energy.jpg)
Quant Small Cap Fund sells 8.3 lakh shares of LIC, exits Adani Green Energy
Quant Small Cap Fund adjusts its portfolio in June with notable changes in stakes for Adani Power, HDFC Bank, and other stocks. The fund also introduces new stocks like Sun TV Network and Pfizer while exiting holdings in various companies.
![New credit card rules: HDFC Bank, Axis Bank, other banks customers cannot make credit card bill payments using PhonePe, Paytm](https://img.etimg.com/thumb/msid-111461585,width-100,height-75,resizemode-4/wealth/spend/new-credit-card-rules-hdfc-bank-axis-bank-other-banks-customers-cannot-make-credit-card-bill-payments-using-cred-phonepe-paytm.jpg)
New credit card rules: HDFC Bank, Axis Bank, other banks customers cannot make credit card bill payments using PhonePe, Paytm
Credit card bill payment rules: As of July 1, customers with credit cards from major banks like HDFC Bank and Axis Bank will no longer be able to settle their credit card bills using third-party applications such as PhonePe, Amazon Pay, and Paytm.
![AI: the supercharger for India’s MSMEs](https://img.etimg.com/thumb/msid-111369572,width-100,height-75,resizemode-4/tech/artificial-intelligence/ai-the-supercharger-for-indias-msmes.jpg)
AI: the supercharger for India’s MSMEs
Artificial intelligence (AI) is not only reshaping India’s landscape but also fostering economic growth through innovative tech solutions. According to Stanford University’s annual AI Index report, India saw the fifth highest investments last year in startups offering AI-based products and services.
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187 BSE500 stocks offer double digit returns as markets scaled new heights in June
The India Cements was the top gainer in this pack with nearly 44% return, followed by Amara Raja Energy (41%), JK Paper (40.5%), and V Mart Retail (40.5%).
Stocks in news: HCL Tech, Polycab, SAMHI Hotels, Archean Chemical, Ambuja Cement
Sagar Cements re-appointed S Anand Reddy as Managing Director and S Sreekanth Reddy as Joint Managing Director of the company for a period of three 3 years.
ITC, Bharti Airtel’s weight may go up in Nifty rejig. $95 million passive inflows expected
ITC and Bharti Airtel’s weights in Nifty is expected to go up in the quarterly rejig which gets into effect on Thursday, triggering combined inflows of $95 million according to estimates by Nuvama.
Northern Arc Capital raises $75 million from Dutch development bank
A non-bank lender with Rs 10,081 crore in assets plans to deploy funds from newly issued five-year non-convertible debentures to expand retail microloans, SME loans, and green projects. Managing Director Ashish Mehrotra aims to stimulate sustainable economic growth and financial inclusion through these initiatives, supported by impact investor FMO.
RBI urges banks to address credit gaps for underserved sectors
Despite India's progress in banking access, micro and small business units, marginal farmers, and self-help group members still lack institutional credit and comprehensive financial services, as highlighted by the Reserve Bank of India.
Beauty secrets: Inside India's booming beauty industry that relies on hundreds of contract manufacturers
Nishit Dedhia, the MD and cofounder of Kain Cosmeceuticals, is leading a tour of his cosmetics manufacturing facility in Khopoli, Maharashtra. The facility produces a variety of beauty products for the growing direct-to-consumer market in India.
Lack of depth in mid- & smallcap rally hints all’s not shining on D-Street
Mid-cap and small-cap indices in 2024 have seen a remarkable surge, with 20 stocks driving 50% of each index's rally, as per reports. The top contributors include PSUs, financial services, and energy companies.
Aye Finance raises $30 million in debt from Dutch development bank
FMO is the Dutch entrepreneurial development bank, with a mission to empower entrepreneurs to build a better world. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. Aye's net profit in FY24 grew nearly three-fold at Rs 161 crore while revenue was 67% higher at Rs 1072 crores as compared to the numbers in the preceding fiscal.
NCLT orders insolvency proceeding against Supernova project developer Supertech Realtors
NCLT orders insolvency proceedings against Supertech Realtors for defaulting Rs 168.04 crore to Bank of Maharashtra in the Supernova project.
Jefferies' Wood picks GMR Airports, reduces weights in three banks
Wood said, in his weekly Greed & Fear newsletter, that the airport operator's introduction into its portfolio will be at the expense of the reduction of weights in ICICI Bank, HDFC Bank and Axis Bank.
Chris Wood of Jefferies picks GMR Airports, trims stake in 3 bank stocks
Jefferies' Global Head of Equity Strategy Chris Wood has added GMR Airports Infrastructure to India portfolio and reduced stakes in ICICI Bank, HDFC Bank, and Axis Bank.
Modi-led NDA govt must tackle unemployment problem, especially in unorganised sector: Rajiv Kumar
Former NITI Aayog Vice Chairman Rajiv Kumar emphasized that the Modi government's third term must address unemployment, particularly in the unorganized sector and SMEs. He highlighted the need to finalize the delayed four labor codes and recognized the K-shaped economic recovery post-COVID. Large corporations and highly skilled individuals have prospered, while lower-end workers and SMEs struggle.
Quant Smallcap Mutual Fund hikes holding in Adani Power, exits Hindalco, Britannia
Quant Small Cap Fund increased holdings in Adani Power in May. Fund exited stocks like Hindalco, Bharat Electronics, and Britannia, as per ETMutualFunds analysis.
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts
One segment of the markets which was most vulnerable to election results was the mid-cap segment of the market for one simple reason, valuations have been on the higher end. Now that a part of the election anxiety is behind as a new government gets formed. Once again the focus is back on the mid-cap. There are selected stocks from different sectors where analysts are bullish in time where there is rotational trade likely to take place in the next couple of months. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
10 years of Modi: 670 small & midcaps zoom up to 48,000%; will the counters repeat show?
Small and midcap stocks witnessed massive surge under the Narendra Modi government in the last 10 years, with over 670 BSE-listed stocks turning multibaggers.
For its third session, ET Make in India SME Regional Summit heads to Kolkata
After two successful stints, the ET MSME Summit is preparing to enter Kolkata with the objective of understanding the potential and the opportunities to empower the small and medium businesses in the city and the state.
Pledged $2.6 bn sovereign loans to India in 2023: ADB
The Asian Development Bank (ADB) has pledged $2.6 billion in sovereign lending to India in 2023 for projects aimed at urban development, industrial corridor projects, power reforms, climate resilience, horticulture, and connectivity. The multilateral lender also committed over $1 billion for private sector projects and extended $23.53 million in technical assistance and $4.1 million in grants.
How Jocata is helping financial services industry move from legacy systems to AI-powered solutions
Jocata’s low-code platform is driving the future of enterprise lending and embedded finance, says Prashant Muddu, Managing Director & CEO.
Paytm withdraws general insurance licence application; to focus on distribution-only model
Troubled fintech Paytm will increase focus on insurance distribution. It had earmarked Rs 950 crore to invest in the entity applying for the general insurance licence but it now expects to conserve that cash. The Noida-headquartered company will focus on distributing small ticket-size insurance products such as life, health, motor, shop and gadgets.
Development path for India will not be the same as that of China: Capacity Building Commission Chairman
As India moves towards the mission of 'Viksit Bharat' and becoming a developed country by 2047, the development path for India will not be the same as that of China as they have a different environment and capabilities, Chairman of the Capacity Building Commission Adil Zainulbhai has said.
BJP's Allahabad Lok Sabha candidate Neeraj Tripathi banks on development, father's goodwill
Neeraj Tripathi, a former additional advocate general for the Uttar Pradesh government, follows the footsteps of his father, a political luminary, in his campaign for the Lok Sabha seat in Allahabad.
This small cap mutual fund gave 34% returns in three years; should you invest?
Nippon India Small Cap Fund: This small-cap fund’s asset base continues to grow, which has led to its portfolio size ballooning to nearly 200 stocks. Despite its bulky portfolio, the fund has put in an impressive show in recent years, consistently outperforming the index and peers, while boasting superior risk metrics.
Quant Smallcap Mutual Fund hikes stake in 2 Mukesh Ambani stocks, pares stake in Adani Power
Launched in October 1996, the scheme manages assets worth Rs 17,349 crore as of March 31. The fund has invested 30.52% in largecap, and 65.20% in smallcap schemes. The scheme is managed by Ankit Pande, Vasav Sahgal, Sanjeev Sharma.
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