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The S&P BSE Sensex rose more than 300 points on Friday while the Nifty50 closed just a shade below 20200 levels. India VIX was down by 3.69% from 11.32 to 10.90 levels in the previous trading session.

Even though the mutual fund industry in India has been competitive, the growth has remained largely steady, thanks to the strong inflows, particularly in the last three years. With newer players such as Zerodha, Groww making their entry into the $560 billion mutual fund industry, and Jio Financial Services looking to soon enter, the competition is likely to get hot. However,Seemant Shukla ofJM Financial Mutual Fund believes that India is quite an underpenetrated market globally, leaving enough opportunities for both existing as well as new players. “The anticipated growth in India can easily accommodate both existing and new players with varying strategies, be it passive or active investments,” Shukla, who is the chief business officer at the asset management company, told ETMarkets in an interview. Shukla believes that digitalisation and digital channels can contribute in a big way to expand the reach. “Considering that the US has multiple asset management companies for a population of 35 crore, it’s clear that we have a long journey ahead of us,” he said. Edited excerpts:Institutional interest in IPO issues has increased significantly in recent times. What’s driving this frenzy? After experiencing significant growth in 2017-18, the IPO market reached its peak in 2021-22, and since then, continued to maintain strong traction.

Google Doodle on Monday celebrates ‘Respect for the Aged Day 2023', also known as Keirō no Hi or 敬老の日 in Japanese. This day is observed on the third Monday of every September. In Japan, the day holds a deep cultural significance as it honors the elderly population.

Indian stock market indices, Sensex and Nifty are likely to open lower on Monday following weak global cues. Asian markets traded lower, while the US stock markets ended in the red last week. Foreign capital outflows, elevated crude oil prices and inflation concerns may cast shadow over the market, while strong domestic macroeconomic data with lower CPI and wholesale inflation are likely to provide comfort.

data center major Colt DCS is looking to invest over $1.3 billion in India to develop hyperscale and enterprise solution data center campuses over the next 3-4 years, said a top official of the company. The London-headquartered company is looking to develop two campuses including one in Mumbai region and one in Chennai as per its India growth plan to begin with and in other key cities of the country in the years to come. For the Mumbai region project, the investment amounts to $115 million in the first phase, and the overall estimated investment for this campus stands at around $750 million. «Colt DCS' entry into the Indian market reaffirms our commitment to become the leading customer-centric data centre operator in the industry. Our strategic expansion is only set to continue with new sites expected across the country as we look to provide high quality data centre services,” Niclas Sanfridsson, CEO, Colt DCS, told ET. In Navi Mumbai’s Airoli locality, the company is setting up a 120 MW hyperscale data center spread over 15 acres.

HSBC pays for bankers’ nannies in India for up to six years. Morgan Stanley allows pregnant staff to expense cab rides, and Citigroup Inc. lets new moms work from home for a year after their maternity leave runs out. Across India, global financial firms are expanding maternity benefits to include perks rarely seen elsewhere, part of an effort to attract and retain female employees. Overall, less than a quarter of adult women in India work, among the lowest rates in the world. “We will never become a developed country without women’s participation,” said Aditya Mittal, chief human resources officer of Citi India & South Asia. The bank last week announced that new moms will now have the option to work from home for up to a year after their paid leave ends.

Also Read: Irani accuses Congress of not being proud about tricolour after Kharge skips flag hoisting at new Parliament Among the bills previously mentioned, there is one concerning the appointment of the chief election commissioner and election commissioners. This bill was presented in the Rajya Sabha in the previous Monsoon session and has faced opposition from the Opposition.

Brisbane-based battery company Redflow has won a $4.38 million deal with the United States Department of Defense to repower a solar microgrid at an airbase in New York state, in what it hopes will be a string of lucrative deals at their bases around the world.

The a2 Milk Company has cancelled the exclusive manufacturing and supply rights for most of the infant formula supplied by New Zealand’s Synlait, as tensions between the two groups worsen.

Australia has lost its reputation for being at the cutting edge of financial markets technology, and its restoration requires the ASX to face more competitive pressures and for regulators to encourage blockchain’s homegrown adoption.

Carbon markets are going to be a key tool as Australia, and the world, race towards interim net-zero targets. NAB chief climate officer, Jacqueline Fox, says as a major business bank, with a large market share in agribusiness, NAB has strong insights into both the supply and demand sides of the carbon market in Australia.

The face of South Australian business says nuclear is a “logical solution” and could be introduced in little more than five years, after being collectively slugged hundreds of millions of dollars from the energy market operator’s interventions to keep the lights on.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

PTI citing a top company executive. “Options for electrification (of vehicles) is something we are studying right now because the customer is at the centre and his (customer's) needs have to be satisfied. Globally, we have a vast expansion of the EV portfolio.

Vodafone Idea has paid RsRs 1,700 crore to the government which includes the dues for the 5G spectrum and other spectrum acquired previously. “We wish to inform that the Company has today, i.e.

Status, salary and perquisites are tied in a complicated weave in government systems. Even if one frays, the weave can unravel.

Lok Sabha polls, Prime Minister Narendra Modi launched the Rs 13,000-crore Vishwakarma scheme extending benefits to artisans primarily belonging to the Other Backward Classes (OBCs) of the lower strata and the Dalit castes. It’s estimated the scheme will benefit about three million families of traditional artisans and craftsmen across one and a half dozen small-time occupations. They include weavers, goldsmiths, blacksmiths, laundry workers, barbers, carpenters, boat-makers, small tool makers, potters, cobblers and masons. Inaugurating the scheme and a modern India International Convention and Expo Centre ‘Yashobhoomi’ in Dwarka here on Vishwakarma Day, the prime minister said he was dedicating it to “every labourer, every Vishwakarma (artisan) of the country”. The day also marked Modi’s 73rd birthday. The prime minister underlined that his government was committed to giving due recognition to the marginalised people.

Small Industries Development Bank of India (Sidbi), which refinances SME loans, plans to float a Rs 10,000-crore rights issue next fiscal to expand its equity capital as it expects to grow assets to Rs 5 lakh crore by March 2024 from about Rs 4 lakh crore in March 2023, a top official has said. The central government owns 20.8 per cent in Sidbi, while State Bank of India holds 15.65 per cent and Life Insurance Corporation 13.33 per cent. The rest of the equity is held by other public financial institutions and banks.

NEW DELHI : India must follow mindful and environmentally conscious consumption and production rather than the single-minded pursuit of growth at any cost, federal policy think tank NITI Aayog vice chairman Suman K. Bery said in an interview. Bery proposed that emerging economic realities, including the potential of services exports, India’s prospects of becoming an agriculture superpower, and the dwindling potential of the manufacturing sector to create jobs due to increased productivity, warrant a review of the traditional notions on which development models are built.

trauma care system which will be woven into the Ayushman Bharat scheme to expand its outreach to people at the lowest levels and reduce cost of emergency services. The move is aimed at providing worldclass emergency services to prevent large numbers of deaths from road accidents and providing trauma care in other emergencies, including disasters. The plan is to develop a national policy for triage (preliminary assessment of patients or casualties) while laying out standardised protocols for care, establishing world-class ambulance services with effective paramedics and significantly enhancing the number of blood banks.Niti Aayog is in talks with stakeholder ministries, including ministries of health and family welfare and road transport and highways, to develop a strong, holistic ambulance-emergency-trauma care system, a senior government official told ET.