Performer Financial News

Mutual Fund industry has seen tremendous growth. Many investors are now looking at the mutual fund schemes that have performed better than the market average. Here is a list of the best mutual funds in India to invest in whose performance has been better than their benchmark Franklin India Bluechip - Growth- 17.5% HDFC Top 100 Fund - Growth 19.5% Franklin India Prima Fund - Growth 20.2% Nippon India Growth Fund - Reg - Growth- 22.6% Aditya Birla Sun Life Flexi Cap Fund - Growth19.9% Franklin India Flexi Cap Fund - Growth- 19.7% HDFC Flexi Cap Fund - Growth- 20.4% The above data is sourced from MFI, FundsIndia Research.

The Russian ruble has fallen a long way in recent months, and the country's central bank is stepping in to halt the slide

Four funds run by Sydney’s PAC Capital – which promotes itself as a world leader in computer games investing and claimed to have more than $400 million under management – have been frozen after a run of withdrawals.

Narendra Modi urged investors in Lok Sabha to bet on public sector bank (PSU) stocks, triggering a rally in the segment on Friday. This move, however, was not an aberration as investors have consistently been rewarded handsomely by investing in these stocks in various time frames.

A jump in socialising at Endeavour Group’s pubs helped the company post a 2.5 per cent rise in sales to $11.9 billion last year, as a strong hotels unit underpinned higher profit at the group.

KPMG Australia chief executive Andrew Yates had his pay cut by $600,000 to $2.2 million in fiscal 2023 because of a slowdown in consulting work and deals in the second half of the financial year.

Darren Kent, well-known for his memorable performance in the epic television series 'Game of Thrones', passed away at 39 last week on Friday (August 11). Kent's talent agency, Carey Dodd Associates, confirmed the news on X (formerly known as Twitter). The heartfelt statement read, «It is with deep sadness we have to tell you that our dear friend and client Darren Kent passed away peacefully on Friday.

moon mission completed a key task today as the Indian Space Research Organisation said that Chandrayaan-3 spacecraft has successfully undergone fifth and final lunar orbit manoeuvre. This achievement marks a pivotal step towards the imminent separation of the landing module, housing Vikram, the lander, and Pragyan, the rover, from the propulsion module. «Today’s successful firing, needed for a short duration, has put Chandrayaan-3 into an orbit of 153 km x 163 km, as intended,» ISRO wrote on Twitter.

“We turned positive on the Indian market in March 2023, which was at the cusp of the recent rally,” says Kunal Vora, Head — India Equity Research, BNP Paribas India. In an interview with ETMarkets, Vora said: “For local investors in the high tax bracket, equities are likely to continue providing best after-tax returns in the medium term” Edited excerpts:US downgrade led to some volatility in markets across the globe. Where do you see the markets?The US downgrade has not had any meaningful impact on bond yields in India and despite the initial nervousness, we do not expect it to have any long-term impact on Indian equities.

In fact, sport utility vehicle (SUV) sales were growing exponentially, seemingly attracting buyers of the humble small car — the mainstay of the Indian market since the launch of the Maruti 800 in 1983.Changing preferences Naturally, the mood was different at the headquarters of India’s largest carmaker Maruti Suzuki, which dominates the market on the back of affordable and easy-to-maintain small cars. “A large chunk of Indian consumers started shifting from functionality — which is about things like fuel efficiency — to aspiration, which is about design, performance and image,” said Shashank Srivastava, senior executive officer, marketing and sales, Maruti Suzuki.This didn’t bode well for the brand, whose SUV portfolio was negligible at this point.

Gadar 2 has stormed the Indian Box Office, leaving a trail of impressive collections in its wake. The film, released on August 11, has managed to captivate audiences across the nation, showcasing its undeniable box office prowess. The journey began on a remarkable note as Gadar 2 raked in an astounding ₹40.1 crore on its opening day.

MUMBAI — The Indian banking sector exited its worst-ever downcycle after Covid, which led to a major clean-up in the balance sheet across the board. But it’s public sector banks that have seen an almost 360 degree shift in earnings performance, and this reflects in the stock prices, as many of them turned multibaggers since the pandemic. Despite the rally, many of the PSU banks are still reasonably valued, believes P Krishnan, CIO and Managing Director, Spark Asia Impact Managers.

VinFast Auto soared on its first day in the public markets, boosting the fortune of its billionaire founder.

Narendra Modi's Independence Day address resembled his speech given on the same occasion in 2018. In the Independence Day speech before the Lok Sabha elections, it was expected for the PM to present a report card on his government's achievements. Both speeches of Modi touched on government schemes, initiatives, and performance report in detail.

Union Pacific’s new CEO Jim Vena started Monday by promising to improve safety and service to help the railroad grow, but he cautioned that “the road ahead won’t be an easy one.”

By Abigail Summerville

WeWork said last week there was “substantial doubt” about its ability to stay in business, prompting speculation around the future of the troubled workspace-sharing company

investment bankers, private-equity investors and management consultants. “Markets don’t always work perfectly," said Todd Fisher, a former executive at private-equity firm KKR who leads the investment team of the Chips Program Office. “We are trying to correct a dislocation," Fisher said, because “other countries put their thumb on the scale." Presidents have long gone to Wall Street to fill top jobs, with Federal Reserve chairman Jay Powell and former Treasury Secretary Steven Mnuchin among the recent examples.

SUV has a range of about 269 miles on one charge, less than the 348-mile range on the regular version. Tesla has cut prices for its U.S. vehicles multiple times this year in a bid to stoke demand in a competitive market.

Dabur India Ltd will continue to expand its portfolio across price points and build on its power brands, said chief executive Mohit Malhotra in an interview. The maker of Vatika shampoo and Hajmola candy reported an 8% rise in rural volumes in the June quarter, far more than the market’s 4% growth. Rural demand has been growing for Dabur, driven by the launch of bridge packs, an expanding distribution network and an overall demand uptick, Malhotra said.

Reliance Industries Ltd, has seen a 20% dip in viewership levels basis monthly active users after the IPL (Indian Premier League) peak in April and May, according to media and entertainment industry experts tracking the platform. However, the company points out that while services would normally expect a 70-80% drop once a tentpole property gets over, the platform has sustained much engagement thanks to the reality show Bigg Boss OTT which has performed on par with typical monthly viewership for a Hindi GEC (general entertainment channel) show, having recorded more than 100 million viewers over the season and 30 billion minutes of watch time. That said, the churn remains high and quality content low as the platform launches two to three new titles every week.