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Quant Mutual Fund has assured investors that its gross inflows continue to remain normal and its liquidity position robust. The fund remained defiant that all allegations must be proved before the alleged could be deemed guilty. It said every suspicion is not an allegation and Quant has always maintained transparency with its investors. The fund house stressed on its commitment to cooperate with the Securities and Exchange Board of India (Sebi) through any review and has dedicated people to give data to Sebi on a regular basis, ET Now reported on Wednesday.

DRDO on Wednesday handed over to the Indian Navy a niche technology that obscures radar signals and creates a microwave shield around platforms and assets, thus reducing radar detection, the defence ministry said. The Defence Research and Development Organisation (DRDO) handed over the Medium Range-Microwave Obscurant Chaff Rocket (MR-MOCR) to the Navy at a ceremony here. «Microwave Obscurant Chaff (MOC), a niche technology developed by DRDO's Defence Laboratory, Jodhpur, obscures radar signals and creates a microwave shield around platforms and assets, thus reducing radar detection,» the ministry said in a statement. A special type of fibres with a diameter of a few microns and unique microwave obscuration properties have been assembled in the medium-range chaff rocket. When fired, the rocket forms microwave obscurant clouds in space spreading over a sufficient area with adequate persistence time, thus creating an effective shield against threats having radio frequency seekers, it said.

Mint based on press releases and LinkedIn searches. The executives previously worked with Accenture Plc, Tata Consultancy Services Ltd, Infosys Ltd, Tech Mahindra Ltd, Mphasis Ltd, Cognizant Technology Solutions Corp, Persistent Systems Ltd, and DXC Technology Co. Also Read: How Genpact wrote the playbook for the reinvention of BPOs Analysts attributed the shift of senior talent to factors such as more lucrative and bigger roles for the executives, a slowdown in IT services, and BPOs looking to scale up their operations.

HDFC Top 100 Fund, one of the longest running mutual fund schemes in India, has given 19% Compound Annual Growth Rate (CAGR) returns over the last 27 years.

US Navy submarine, dubbed the "Manta Ray," was recently spotted by Google Maps users at the Port Hueneme naval base in California. The sighting went viral online, sparking widespread curiosity. Shortly after the image leaked, the submarine disappeared and was replaced by boats. This development has drawn significant attention due to its advanced technology and strategic implications.

MCX gold August future contracts have been trading flat so far this week, falling by just Rs 70. It opened at Rs 71,515 per 10 gram today while the prices for silver July contracts on MCX fell by a little over Rs 2,000 in the same time period, opening at Rs 87,082/kg. On Tuesday, gold and silver settled on a weaker note in the international and the domestic market. Gold August futures contract settled at Rs 71,467 per 10 grams with a loss of 0.45% while silver July futures contract settled at Rs 86,937 per kilogram with a loss of 2.32%.

Quant Mutual Fund, which is under Sebi’s investigation for a suspected front-running case, was sitting with around Rs 9,355 crore cash pile in May, an analysis by ETMutualFunds showed. This was around 12.41% of the total AUM. The total equity AUM of the fund house was Rs 66,052 crore. The fund house has around 21 equity mutual fund schemes. Of these 21 schemes, four schemes had more than Rs 1,000 crore cash in their portfolio. Quant Small Cap Fund had the highest cash allocation of Rs 1,607.37 crore. The total equity AUM of the small cap schemes is Rs 19,635 crore as on May 2024. Also Read | Why investors should not panic or stop SIP in Quant Mutual Fund after front-running crisis

Stock market today: Dee Development Engineers share price was listed on the BSE and NSE at a bumper premium against its issue price of ₹193 to ₹203 per equity share. The stock opened at ₹325 per share on the BSE and at ₹339 per equity share on the NSE, delivering around 65 percent.

₹849 crore on advertising and promotions last fiscal. “Our intent is that overall A&P (across traditional, digital, consumer promotion) would be higher than last year, which will increase our brand visibility and engagement across all platforms. While core channels remain important, we will allocate budget judiciously and strategically to explore high-impact digital opportunities as well," Jain added.

Akme Fintrade IPO: The listing date for the initial public offering of Akme Fintrade (India) Limited has been fixed on 26th June 2024, i.e. today. According to the BSE notice, effective from Wednesday, June 26, 2024, the equity shares of Akme Fintrade (India) shall be listed and admitted to dealings on the Indian exchanges in the 'T' group of securities list.

Equity markets steadily inched upwards to make fresh highs on Tuesday as buying was seen in banking and financial stocks. «We expect the market to maintain its positive momentum as we draw nearer to the event. Globally, investors would track US Consumer confidence data,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

equity indices surged to record highs on Tuesday with the Sensex closing above 78,000 for the first time as renewed strength in private banks gave a fresh fillip to the market that had begun showing signs of fatigue after the recent rally. The BSE benchmark ended at 78,053.52, up 712.45 points or 0.92% after hitting its lifetime high of 78,164.71. NSE's Nifty rose 183.45 points or 0.78% to a close at a record 23,721.3. The index hit an all-time high of 23,754.15 during the day.

More Canadians are getting help from family to buy their first home — and they’re getting substantially more money to do it than a few years ago, according to new research published by CIBC.

Certuity, the multi-family office with locations in New York City, North Palm Beach, Manhattan Beach, and Santa Monica, has enriched its leadership with a veteran C-suite hire.

Americans have a lot of worries about retirement, whether that’s having too little in savings or how the upcoming presidential election will hurt their accounts.

When it comes to Canada’s productivity emergency, “the entire country is feeling the pain.”

3D hydrogel culture system that mimics the mammalian lung environment. It provides a powerful platform to track and study how tuberculosis bacteria infect lung cells and test the efficacy of therapeutics used to treat TB. Mycobacterium tuberculosis (Mtb) is a dangerous pathogen. In 2022, it affected 10.6 million people and caused 1.3 million deaths, according to the WHO. “It is a very old bug, and it has evolved with us quite a bit,” said Rachit Agarwal, Associate Professor at BE and corresponding author of the study published in Advanced Healthcare Materials. Mtb primarily infects the lungs, IISc said in a press release. Current culture models used to study Mtb infection have several limitations. They are typically culture plates that are monolayered and do not accurately mimic the 3D microenvironment inside the lungs. The microenvironment experienced by the cells in such 2D culture is vastly different from the actual extracellular matrix (ECM) surrounding lung tissue. “In a tissue culture plate, there are no ECM molecules, and even if a very thin layer of ECM is coated on these plates, the lung cells 'see' the ECM on one side at best,” said Vishal Gupta, PhD student at BE and first author.

Garden Reach Shipbuilders (GRSE) enjoyed another bullish day as the PSU's stock surged 18% to reach a new all-time high of ₹2,065 apiece during today's intraday trade, before closing the session with a 11% gain at ₹1,946.Today's rally pushed the stock's gains to multibagger returns of 123% in CY24 so far. This remarkable rally builds on the stock's steady gains over the last three years, ending CY23 with an 80% increase.

bank move as administrative in nature to ensure a smooth leadership transition in the Kolkata-based lender, but concerns over Bandhan Bank's asset quality perhaps kept investors anxious. The stock price closed lower at Rs 203.70 on BSE Tuesday, about 16% fall from Rs 242 seen on the first trading day of the year. «While the market may fear that there could be more skeletons in the closet — in terms of further increase in the stress pool — we believe this (appointment of additional director) is more of a prudent measure exercised by the RBI,» said Suresh Ganapathy, managing director and head of financial services Research at Macquarie Capital.

A sleeping fund house has finally woken up and is quickly making inroads in the flexi cap category.

HPCL, ONGC and Gujarat State Petronet (GSPL) are the only stocks with value in the Indian oil and gas sector, domestic brokerage firm Motilal Oswal stated in its report, noting that value trade has faded away in the sector. Motilal Oswal maintained a ‘buy’ call on HPCL, ONGC and GSPL with target prices of Rs 400, Rs 340 and Rs 385 respectively.