Foreign investors are excited about the prospect of a new era of growth in corporate Japan and their buying helped the Nikkei share benchmark to scale three-decade peaks earlier this month
FY23 payout may be 25% more than previous year
Edtech major Byju's is likely to close a USD 250 million equity funding deal in April at a USD 22 billion valuation, sources aware of the development said. The company had last raised USD 250 million in October at the same valuation. "Byju's is in the process of raising USD 250 million. The term sheets are expected to close in about 2-3 weeks," a source told PTI. Another source said the fundraising is an equity deal and happening at a flat valuation of USD 22 billion. When contacted Byju's declined to comment. The company had last raised USD 250 million from existing investors and Qatar Investment Authority. The company attained a valuation of USD 22 billion in the funding round of USD 800 million, announced in March 2022. Byju's has set a target to become profitable by the end of this month. The company retrenched 2,500 employees under the plan and hired 10,000 teachers for India and overseas. Byju's booked a loss of Rs 4,588 crore for the fiscal ended March 2021 -- 19 times
Fund houses came out with more schemes in 2022 than in 2021 but only a few caught the investors' fancy
Tata Consumer Products will issue one equity share for every 22 share held in Tata Coffee to existing shareholders
Even some big-ticket deals such as the LIC IPO did not generate higher fees
As inflationary pressures unbind, corporate earnings growth will draw level, says Vinit Sambre, head-equities, DSP Investment Managers
The fund house has suspended lump-sum subscription, switch-ins, and fresh registration of systematic investment plan/systematic transfer plan under five schemes that invest in international stocks
Among sector/thematic funds, technology funds are on average down 23.4 per cent year-to-date
International funds have given negative returns of 17% in the last one year, while pharma and banking funds are down by 12.5% and 8.1% respectively
Systematic investment plans help garner flows of Rs 12,286 crore in May, up Rs 423 crore in April.
Among large-caps, Kotak Mahindra Bank, HDFC, ONGC and Maruti Suzuki among most-bought shares; ITC tops sell list
China's push to reach carbon neutrality by 2060 is fueling growth in what is already the world's largest renewables market and a leading one for electric-vehicle automakers and suppliers
In the current financial year, equity funds mobilised over Rs 30,817 crore per month, on average
The fund's investment objective is to provide capital appreciation by predominantly investing in companies having a large market capitalisation
Investment objective of scheme is to provide investors with opportunity of long-term capital appreciation by investing in a concentrated portfolio of equity and equity-related securities
Before investing, check the fund's returns during market crash
The government must continue to own a few big banks to address market failures.
The finance ministry has prepared a note for Modi's cabinet to discuss the proposal
The fund has consistently outperformed the benchmark (Nifty 500 TRI) and its peers in all the trailing periods under analysis.