Page 45 - Investment

Axis AMC elevates R Sivakumar as head of the corporate strategy

Fixed income investment team is now being headed by Devang Shah

Morgan Stanley borrowing $8 bn in bank bond, after reporting higher revenue

Morgan Stanley's trading and wealth units' revenue cruised past analysts' estimates, following blowout earnings from peer Goldman Sachs Group Inc

If there is a market to invest in the world, it is India: Lightspeed exec

A number of limited partners (LPs) are reassessing their exposure to China and increasing weight to India, says Taneja

You should invest in silver gradually or on pullbacks after the rally

Opt for a silver exchange-traded fund or a fund-of-funds having low expense ratio and tracking error

Flexicap funds: All you need to know about the popular mutual fund category

Flexicap mutual funds offer the fund managers to invest across sectors and market capitalisations without any restrictions

Goldman Sachs Q1 results: Profit jumps 28% on investment banking strength

"We continue to execute on our strategy, focusing on our core strengths to serve our clients and deliver for our shareholders," CEO David Solomon said

Zomato's improved profits, 260% stock surge leaves analysts scrambling

The nearly 260% surge in Zomato since last April has made it difficult for consensus to keep up, but expectations continue to rise

Intend to remain invested to fullest extent possible: CIO Janakiraman

Janakiraman suggests that while equity returns may trail underlying earnings growth, investors with a risk appetite should persevere with the systematic investing approach

BlackRock's Q1 profit rises on higher fee income, AUM jumps to $10.47 trn

Investment advisory and administration fees, typically a percentage of AUM and BlackRock's chief source of revenue, jumped nearly 8.8% to $3.63 billion

Liquid mutual funds outflow exceeds Rs 1.5 trillion in March, shows data

Debt funds took a beating but sectoral funds soared in March, reflecting dynamic market sentiments

GQG, SBI funds eye investments in Vodafone Idea $2.16 billion share sale

US-based GQG, run by India-born executive Rajiv Jain, plans to invest about $500 million, while SBI Mutual Fund is considering an investment of $200 million to $300 million

Looking forward to meeting with PM Modi: Elon Musk confirms India visit

Musk and Modi last met in New York in June, and Tesla for months lobbied India to lower import taxes on electric vehicles while it weighed up a factory there

Banks prefer high premium corp, state bonds over G-secs in HTM portfolio

Banks must categorize bonds as 'held-to-maturity' on a permanent basis, with the exception of 5 per cent of the portfolio that can be withdrawn throughout the year, according to the new norms

Exotic corporate debt products like SDIs lure yield-hungry Indian savers

Investor appetite for bonds rated below AA has increased significantly and SDIs provide access to a pool of high-yield debt via a single investment, said Ajay Kejriwal, head of trading desk at Vivriti

Cornerstone Ventures launches second fund worth $200 mn for B2B startups

Through the fund, investments will be made across stages, with a focus on early growth stage VC bets

GE Aerospace to invest Rs 240 cr to upgrade Pune manufacturing facility

GE Aerospace on Thursday announced its plans to invest over Rs 240 crore (around USD 30 million) to upgrade its manufacturing facility in Pune. The investment will be used to add new projects and manufacturing processes in the facility by acquiring machines/equipment and specialised tools along with capacity enhancement of existing products, the company said in a statement. Inaugurated in 2015, the Pune facility produces components for commercial jet engines. "This investment helps us to continue our growth in aerospace in India, giving us the resources we need to meet increasing customers' demand," said Amol Nagar, managing director for GE Aerospace's Pune facility. The components produced at the plant are supplied to GE's global factories where they are used to assemble G90, GEnx, GE 9X commercial jet engines, and the LEAP engines by CFM, which is a GE and Safran joint venture, according to the statement. The facility has been instrumental in developing local aerospace manufactu

LeapFrog investments, Aavishkaar infuse $48 mn in Electronica Finance

The fund will pave the way for EFL's expansion, specifically in financing for MSMEs in India's high-growth manufacturing sector

Invest Rs 150,000 in PPF between April 1 and April 5 to maximise returns

Take into account your cash flow needs before making a lump-sum investment in this illiquid instrument

Investors subscribe TAC Infosec's IPO 393 times on final day of offer

TAC Infosec's initial share sale received an overwhelming response from the investors as it received 392.56 times subscriptions on the last day of the offer on Tuesday. The initial public offering (IPO) of TAC Infosec received bids for 79,42,29,600 shares against 20,23,200 equity shares on offer, according to the NSE data. The category for qualified institutional buyer (QIB) got 37.54 times subscription, while the quota for non-institutional investors (NII) was subscribed 153.30 times, and the Retail Individual Investors (RII) portion got 201.71 times subscription. The price band of the public issue has been fixed at Rs 100-106 per share. The IPO is only a fresh issue of 28.29 lakh equity shares with a face value of Rs 10 each. Proceeds from the issue will be used to invest in human resources and product development to support organic growth in India. Further, it will also use the proceeds to invest in TAC Security Inc (Delaware, USA) to hire skilled personnel for organic growth a

TCG plans $10 billion oil-to-chemicals project in Tamil Nadu

TCG's investment plans comes amid strong growth for chemicals in India to drive a 7% growth, but also at a time of oversupply in the global petrochemicals business