Edelweiss Asset Management Company, led by , has announced the launch of India’s first hybrid passive index fund, which will have a mix of both equities and government bonds. The…
Category: Market
Broker’s Call: SBI Life Insurance (Buy)
Target: ₹2,400 CMP: ₹1,951.10 SBI Life Insurance has been a consistent compounder with FY20-25 APE CAGR at 15 per cent vs. 6 per cent for the industry, supported by an…
Broker’s Call: Prestige Estates Projects (Buy)
Target: ₹1,623 CMP: ₹1,318.15 Prestige Estates Projects’ expansion is driven by a diverse portfolio, covering residential, office, retail and hospitality segments. In 9MFY26, pre-sales surged 122 per cent year on…
Rupee crashes 23 paise to close at record low of 92.63 against US dollar
The rupee slumped 23 paise to close at a record low of 92.63 (provisional) against the US dollar on Wednesday, weighed down by a stronger greenback and sustained FII outflows.…
Indian-flagged crude tanker Jag Laadki reaches Mundra amid West Asia tensions
The Indian-flagged crude oil tanker, Jag Laadki, has successfully arrived at Adani Ports Mundra in Gujarat, marking a significant addition to the nation’s energy imports. The vessel reached the port…
Jio IPO in focus: Reliance-backed firm hires 17 bankers, unlikely to raise fresh funds via offer: Report
Indian billionaire ‘s Reliance Jio Platforms has hired 17 banks to manage its Mumbai stock listing, which will see the company raise no new funds and allow exits for some…
Crude oil futures fall ₹137 to ₹8,734 per barrel on signs of easing supply concerns
Crude oil prices declined by ₹137 to ₹8,734 per barrel in futures trade on Wednesday as signs of easing supply concerns emerged in the market amid geopolitical tensions. On the…
Rajputana Steel IPO listing in focus. Here’s what GMP signals ahead of debut
Rajputana Steel IPO is all set to make its stock market debut on Friday, March 20. The shares of Rajputana Steel will be listed on both exchanges – BSE and…
West Asia tensions may trigger refined fuel crisis worse than crude oil shortage: report
The ongoing disruption in global energy markets due to tensions in West Asia could lead to a more severe crisis in refined petroleum products than crude oil, according to a…