Page 6 - Nippon

It's likely value-oriented stocks will outperform, says Nippon India MF CIO

On the domestic side, we have latent demand in many industries due to the slowdown of the last few years, multi-year low-interest rates, exports, and capital flow being assisted by the global macro sc

Explained: How quant funds eliminate fund manager subjectivity

Currently, most funds in this category have a short track record

Japan's Nippon Tech launches $40 billion buyout of wireless unit Docomo

TOKYO (Reuters) - Japan's Nippon Telegraph and Telephone Corp (NTT) <9432.T> said it will spend 4.25 trillion yen ($40 billion) to take its wireless carrier business private, in a deal that opens the path to lower prices as the government calls for cuts.

Japan's Mitsui, Nippon Soda acquire 56% stake in Bharat Insecticides

Japanese companies Mitsui and Nippon Soda have acquired 56 per cent stake in agro-chemical firm Bharat Insecticides Ltd (BIL). As a result of this deal, BIL has become a group company of Mitsui & Co Ltd and Nippon Soda Co Ltd (Nisso), the Delhi-based company said on Wednesday, without disclosing the deal value. "Mitsui and Nisso have acquired 56 per cent stake in BIL through a special purpose company co-founded by Nisso and Mitsui. The BIL's promoters will continue to hold balance shares in BIL," the company said in a statement. The new relationship with Mitsui and Nisso will further strengthen BIL's ability to deliver innovative crop protection products and support sustainable growth of India's agriculture sector, it added. BIL's founder promoter Sat Narain Gupta said, "This is a momentous occasion for us. BIL was started 43 years back with just 2 products and since then, BIL has come a long way. We hope that being part of Mitsui group will take BIL to the next level." Other ...

Nippon Paint inks $12 billion deal to join Singapore-based Wuthelam

The deal involves Wuthelam taking a majority stake by buying new shares in Nippon Paint

Asset management firms see surge in other income from mark-to-market gains

Among the listed players, HDFC AMC reported a 65% y-o-y jump in other income in the June quarter, at Rs 79 crore

Nippon India MF sees 10% rise in PBT to Rs 199 cr in June quarter

Company had seen business recovery since ownership change, says it has onboarded more than 370 institutional investors after Reliance Capital exited

Earnings visibility poor for next few quarters: Dy CIO of Nippon India MF

In a Q&A, Sailesh Raj Bhan says mid and small-caps look attractive from a 3-5 year perspective; bets on two-wheelers, pharma, telecom, utilities

AGR dues: MFs receive interest payment from Vodafone ahead of SC hearing

Franklin Templeton MF, which had exposure to the debt papers of the company in six of its schemes (that are being wound up), also received payment.

Secret behind stellar performance of India's oldest, smallest quant fund

Even as profit expectations got smashed due to the pandemic, the Nippon India funds model fared better as it didn't have earnings estimates in its quantitative model

Relief for Nippon India MF as SAT sets aside Irdai order in pledging case

A corporate guarantee was given by RCap and put option right was given to the NCD holders. This meant that RCap will be required to purchase the NCDs when the option is exercised

UTI, Nippon India MF create separate portfolios for Voda Idea AGR debt

Move follows downgrade by Care Ratings to below investment grade

Nippon in tow, Future Supply eyes Rs 10,000-crore top line in 5 years

Alliance to give access to key Japanese clients and technical expertise

Nippon Express buys 22% stake in Future Group's logistics arm for Rs 700 cr

The two companies will jointly start the business collaboration from next January

CCI okays Nippon Express' 22% stake buy in Future Group's logistics arm

The Competition Commission on Tuesday said it has approved Nippon Express' acquisition of 22 per cent stake in Future Group's logistics arm Future Supply Chain Solutions Ltd. Future Supply Chain Solutions in September said that Japan-based Nippon Express Co will acquire 22 per cent stake through a combination of primary issuance and secondary purchase from an existing investor. The Competition Commission of India (CCI) in a tweet said it "approves acquisition by Nippon Express (South Asia & Oceania) Pte. Ltd. of approximately 22% of the total issued and paid up share capital of the Future Supply Chain Solutions Limited." As part of this transaction, Future Supply Chain Solutions Ltd (FSC) will issue 37,89,350 shares to Nippon Express at a price of Rs 664 per share (22 per cent premium to the current market price). "Through this primary issue Nippon Express will hold 8.6 per cent stake on a fully diluted basis and FSC will raise around Rs 252 crore for funding its near-term growth .

ICICI AMC and Nippon India MF planning silver exchange-traded funds

At present, while there are several options for investors looking to put their money in gold, those investing in the white metal can only buy physical silver

Nippon Life gets FIPB nod to hike stake in Reliance Life

Will be investing an aggregate value of Rs 2,265 cr to acquire additional 23% stake