Page 2 - Nippon

Nippon, ICICI Pru lead MF AUM growth in FY25; Motilal Oswal doubles assets

Its average AUM in the quarter ending March 2025 stood at Rs 5.6 trillion compared to Rs 4.3 trillion in the quarter ending March 2024

HDFC Bank, Trent: 10 stocks you can buy to create a resilient portfolio

Trump Tariffs: HDFC Bank, Bajaj Finance, Trent, Adani Power, IGL, and Krsnaa Diagnostics are among top stocks to buy, as per Ventura Securities

Nippon Life India Asset Management hires Andrew Holland to lead SIF foray

Holland was previously the chief executive officer of Avendus Capital Public Markets Alternate Strategies

ArcelorMittal Nippon sues India over raw material import as fight escalates

ArcelorMittal Nippon has already warned New Delhi privately that it may have to severely curtail steelmaking and delay any expansions due to the curbs

Fund review: Nippon India Growth Fund

Fund review: Nippon India Growth Fund

Nippon Steel to start talks with US Commerce Dept over US Steel bid: Prez

The Japanese company's previous merger agreement with US Steel, blocked by the administration of former President Joe Biden, will serve as a starting point for discussions, Prez Imai said

Nippon India Mutual Fund set to launch Nippon India Active Momentum Fund

Invesco Mutual Fund on Thursday announced the launch of Invesco India Business Cycle Fund, a scheme that will invest in equities with a focus on riding business cycles through dynamic allocation

NAM India Q3FY25 results: Net profit increases 4% to Rs 295.4 crore

Nippon Life India Asset Management (NAM India) on Thursday reported a 4 per cent increase in profit after tax to Rs 295.4 crore for three months ended December 2024. The company had a profit after tax (PAT) of Rs 284.3 crore in the year-ago period, NAM India said in a regulatory filing. Revenue from operations rose by 39 per cent to Rs 587.9 crore during the period under review from Rs 423.3 crore for the third quarter ended December 31, 2023. "We witnessed a continued increase in overall market share with key positives being net sales and SIP (Systematic Investment Plan) market share remaining above equity market share as well as an increase in SIP flows despite adverse market movements. "We are humbled to have the trust of 20 million unique investors, i.e. over 1 in every 3 mutual fund investors, highest in the industry," Sundeep Sikka, ED & CEO of NAM India, said. As of December 2024, NAM India has assets under management of Rs 6.56 lakh crore, including Nippon India Mutual ...

Nippon Life launches its first fund from GIFT City for global investors

The firm aims to be the partner of choice for global investors seeking exposure to India and for Indian investors looking for global solutions

US Steel, Nippon move court against Biden blocking $14.9 billion deal

Second lawsuit is against Cleveland-Cliffs, its CEO Lourenco Goncalves, and USW union President David McCall "for their illegal and coordinated actions" aimed at preventing the deal

Review of Nippon partnership ongoing as US Steel shares tumble, says US

statement comes after shares of US Steel tumbled more than 10 per cent on Tuesday afternoon following a Bloomberg report suggesting the deal would be killed in short order

Nippon India AMC Q2 profit surges 47% to Rs 360 cr; Zinc hits 20-month high

Spark Private Wealth Management (PWM) on Thursday said its assets under management (including advisory) has crossed the Rs 25,000 crore mark

China testing Indo-Pacific region at turbulent time: Biden to Quad leaders

President Joe Biden told Indo-Pacific allies on Saturday that he believes China's increasing military assertiveness is an effort to test the region at a turbulent moment for Beijing. Biden's comments were caught by a hot mic after he and fellow leaders of the Quad delivered opening remarks before the press at a summit he's hosting near his hometown of Wilmington, Delaware. He said his administration sees Beijing's actions as a change in tactic, not a change in strategy. China continues to struggle to pull up its economy that was pummelled by the coronavirus pandemic and has seen an extended slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand. At least from our perspective, we believe Xi Jinping is looking to focus on domestic economic challenges and minimize the turbulence in China's diplomatic relationships, and he's also looking to buy himself some diplomatic space, in my view, to aggressively pursue China's ...

Nippon Steel to sell $211 mn in assets to manage debt amid US Steel deal

The Japanese company's debt-to-equity ratio is expected to increase to 0.9 from 0.5 as a result of the US Steel deal which both companies target to close by the end of December

US decision on Nippon bid for US Steel pushed back until after election

Robust CFIUS reviews take 90 days but it is common for companies to withdraw their filings and resubmit them to give them more time to address the panel's concerns

Robust equity inflows likely to keep earnings growth strong for AMCs

Among listed AMCs, in Q1FY25, Nippon AMC recorded the highest growth of 54 per cent Y-o-Y while ABSL AMC saw least growth at 19 per cent

A proven performer: Nippon India Small Cap Fund delivers big returns

As of June 2024, the fund's assets under management totalled Rs 56,469 crore, up from Rs 15,353 crore in June 2021

Nippon India MF launches Nifty 500 Momentum 50 Index Fund: Key details

Momentum refers to the tendency of stocks that have performed well in the recent past to continue performing well in the future.

CFIUS warns against Nippon merger with US Steel, citing China steel glut

The Committee on Foreign Investment said in its 17-page letter sent to Nippon Steel and US Steel, that decisions by Nippon could lead to a reduction in domestic steel production capacity

Nippon, Axis mutual funds set to launch active momentum offerings

At present, there is only one active momentum fund, that of Samco MF. Most other fund houses have momentum factor-based funds on the passive side