Mutual Funds Login
Market advice for everyone
Cash / F&O
HCC’s board approves the company’s plan to issue equity shares and optionally convertible debentures under the RBI’s S4A scheme.
IDFC’s private equity arm IDFC Alternatives is looking to pick up a controlling stake in telecom tower operator GTL Infra.
Vedanta to invest Rs. 30000 cr in Cairn India to ramp up capacity.
Reliance Jio users to get data, voice, video free till 31st March 2017.
RCom plans to raise about $500 mn through an offshore bond sale.
BHEL has commissioned the first unit of the 4×30 MW Pulichintala Hydroelectric project (HEP) in Telangana.
L&T and Tata Power gets orders for 2 Pinkaka rocket units for Rs. 3230 crore.
Diversified group ITC will set up an integrated consumer goods facility and a five star hotel in Odisha at an investment of Rs. 800 crore.
Government / Regulatory News:
Finance Minister says the GST has to roll out before September 16 next year as the existing indirect taxes will come to an end by then and it will not be possible to run the country without revenue collection.
Government is planning to sell 15% stake in MMTC in the current fiscal.
Finance Ministry is working with concerned ministries to converge all insurance schemes including Mahatma Gandhi Bunkar Bima Yojana from next financial year.
RBI revises the ceiling on issuance of securities under the market stabilization scheme (MSS) to Rs. 6 lakh cr, from the previous limit of Rs. 30000 cr for financial year 2016-17.
The Unique Identification Authority of India plans to increase biometric authentication capacity through Aadhaar to 40 cr a day from 10 cr to encourage more use of the platform for realising a cashless society.
RBI caps banks’ exposure to a single entity to 20% of a lender’s capital base and to 25% limit to a group of connected entities.
SEBI notifies easier regulations for REITs and InvITs with an aim to make them more attractive for raising capital.
The Insolvency and Bankruptcy Code to become operational from December 1.
Finance Ministry invites suggestions from public for Budget 2017-18.
Government is considering a proposal to raise Market Stabilisation Scheme (MSS) ceiling beyond the existing Rs. 30000 cr to mop up extra liquidity from the system in view of demonetisation.
Government orders LPG producers to supply all the cooking gas (LPG) they produce locally to state-owned oil companies only, and private retailers have been asked to source their requirements through imports.
SBI Life Insurance may float IPO in 2017.
Pharmaceutical firm Laurus Labs will hit the capital market this week to raise Rs. 1332 crore through IPO. The price band has been set at Rs. 426-428 per share. The IPO is scheduled to open on 6th & closes on 8th Dec.
Despite the turmoil in financial markets, November is set to be a good month for the mutual fund industry, with mobilisation from retail mutual fund schemes likely to cross Rs. 12000 crore, the second-highest in this calendar year.
SEBI is working on the concept of ‘passporting’ – a unified regulatory mechanism that will allow Indian mutual fund schemes to be sold in other Asian countries without the need for exclusive regulatory approvals from the latter.
SBI Mutual Fund has updated the benchmark index of SBI Magnum Global Fund from S&P BSE MidCap Index to S&P BSE MidSmallCap Index.
RBI to announce monetary policy decision on 7th Dec, 2016.
have coffee with us.
CUP OF COFFEE
REQUEST A CALL BACK