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Business Cycle NFO is a kind of all-weather fund: Mahesh Patil, CIO of ABSLMF
'We continue to look at various themes or products, which we feel make sense for investors to look at a point in time'
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Auto debit bounces in October at pre-Covid level
The unsuccessful auto-debit requests through the NACH platform are referred to as bounce rates in general
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Nifty snaps three-day losing streak, regains 18,100; Sensex zooms 767 points; IT stocks rally
Most sectoral indices ended the day in the green with Nifty IT zooming 2.10% followed by the Nifty Realty index gaining 1.65%.
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Sales of smartphones expected to dip in December quarter: Report
From January to Septmeber 2021, 17 million 5G smartphones were shipped to India and are expected to be under 30 million for 2021
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Passenger vehicle sales down 27% YoY: Siam
The latest data from Siam said that two wheeler dispatches to dealers also saw a 25% decline at 15,41,621 as against 20,53,814 units in October 2020
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Clamour for lower GST on insurance grows; LIC chairman says 18% tax is “too high”
Demand to cut the GST rate comes at a time when the new business premiums of 24 life insurers have registered a 5% degrowth in October
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Go Fashion IPO opens on Nov 17, price band fixed at Rs 655-690, check other details
Investors can bid for a minimum of 21 equity shares and in multiples, thereafter, translating to a minimum bidding amount of Rs 14,490.
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India-focused funds & ETFs see net outflows for September quarter
Net outflows were to the tune of $95 million,
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Malls are losing their charm as retailers now prefer high street locations
The shift in focus comes even as big players are planning an aggressive expansion.
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RBI launches integrated ombudsman as customer complaints doubled in two years
PM Modi also launched the RBI Retail Direct Scheme-- a free-of-cost platform for buying and selling of govt securities
