Mutual Funds Login
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Cash / F&O
The Federal Reserve raised interest rates on Wednesday. In raising its benchmark overnight lending rate a quarter of a percentage point to a range of between 1.75 & 2.00%.
Tata Chemicals has completed the acquisition of the Silica business of Allied Silica for Rs. 123 cr.
Borosil Glass Works shares has locked at 20.00% upper circuit in the opening trade today as board approved the issue of bonus shares.
TCS opened its new delivery centre in Suresnes, France.
Government / Regulatory News:
Oil prices rose by more than 1.00% in early Asian trading today, pushed up by uncertainty over whether OPEC would manage to agree a production increase at a meeting in Vienna later in the day.
SEBI has cut the time for announcement of price band of IPOs to 2 days from 5 days & recast share buyback norms.
RBI has bought Rs. 100 bn worth of bonds from the secondary market under its Open Market Operations (OMO) programme.
The centre’s Ayushman Bharat scheme to provide Rs. 5 lakh health cover to 10 cr families is likely to be rolled out from October.
SEBI plans to put in place revised norms for recovering investors’ money in cases of illegal collective investmnt schemes, wherein a registered insolvency professional will be apointed as administrator to undertake sale of assets.
SEBI is consedering liberalising rules for starting new stock exchanges & depositories.
20 states have signed memorandums of Understanding with the centre to implement the National Health Protection Scheme.
Financial services provider Payworld has partenered with Reliance Mutual Fund Fund to provide mutual fund services to 30 lakh families in India.
Tata Mutual Fund has announced change in the fund management responsibilities of several funds. Amongst the changes announced, Gopal Agarwal ceases to be the fund manager of Tata Large Cap Fund effective from 18th Jun and the same shall be jointly managed by Rupesh Patel and Ennettee Fernandes (assistant fund manager).
AUM witnessed growth of 18.68% YoY. The industry witnessed total net outflow of Rs. 50000 cr in May against net inflow of Rs. 137,428 cr in April.
ICICI Prudential has launched Bharat 22 ETF FOF. NFO opens on 20 to 22 June.
RITES subscribed over 2 times on 2nd day of the issue.
Fine Organic Industries IPO subscribed 39% on second day.
Varroc Engineering Limited IPO opens on 26 to 28 June. Price band of Rs. 965-967. Issue size is Rs. 1945 cr. The market size 15 shares.
Railways consultancy firm RITES will open IPO from 20 to 22 June, with a price band of Rs. 180-185 per share.
Microfinance firm CreditAccess Grameen has received markets regulator SEBI’s go ahead to float its IPO.
Beauty & wellness firm VLCC plans to raise Rs. 750-800 cr through IPO within 12 months.
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