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Writing in a research note, analysts Julian Roberts, Tom Mills, Laura Gris Trillo and Fangfei Li highlighted the consortium led by CVC has until 5pm on 19 June to confirm whether or not it will make a further offer. Rejected by HL's board, the 26 April 985p per share offer was made at a 30% premium to the contemporary share price. However, on the back of the news, HL's share price has traded considerably higher, currently at 1,066p per share, according to data from Morningstar Direct. Hargreaves Lansdown rejects bid from private equity consortium The move has squeezed the short po...

Stewart co-managed the Strategic Bond fund alongside head of credit Lesley Dunn and head of credit research Rob Baltzer, who will continue to run the fund following his departure. As a consequence, Baltzer will step down from managing the firm's High Yield Bond fund, leaving it in the hands of co-managers Arthur Milson and Faisal Islam. Baltzer joined Baillie Gifford's graduate scheme in 2001, later becoming an investment grade bond manager in 2004. Baillie Gifford closes Investment Grade Long Bond fund Milson is an investment manager in the credit team, having worked for abrdn/Sta...

Nifty Bank rose 1.6% for the week ended May 24, 2024, but it failed to close above 49,000. The index rose over 200 points to close at 48,971 while Nifty50 failed to hold on to record highs and closed marginally flat but with a negative bias. HDFC Bank led the gains followed by Axis Bank, Federal Bank and AU Small Finance Bank while some profit-taking was seen in SBI, IDFC First Bank and Bandhan Bank.

NEW DELHI : Broken and deformed spectacles? Fancy frames itching your skin? Fret not - Stringent standards to manufacture eyewear are on way, aiming to enhance consumer safety and eye health. The new standards, on par with international guidelines, will include strict test methods to make unglazed spectacle frames, two people aware of the matter said. Frames must withstand deformation and lens dislodgement under specified test conditions, ensuring mechanical stability in daily use.

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Indian rupee rose to a two-month peak on Friday, boosted by likely strong dollar inflows into domestic equities even as most Asian currencies declined pressured by a rise U.S. bond yields. The rupee rose 0.2% to close at 83.0975 against the U.S. dollar, its strongest closing level since March 19.

over 12 percent in this period.In the Nifty Private Bank index, barring 3 stocks - ICICI Bank (13.5 percent), Axis Bank (6.6 percent), and Federal Bank (4.5 percent), all other constituents have given negative returns in 2024 YTD. Bandhan Bank shed the most, down over 22 percent, followed by IDFC First Bank, down over 12 percent, HDFC Bank, down 11 percent and Kotak Bank, down 10.8 percent.

equity mutual funds have witnessed a rise in the past few months amid rising valuations. Total cash kept aside by equity mutual funds at the end of April rose to ₹1.34-lakh crore, 22 per cent higher than that at the end of December last year, reported Business Line quoting Fisdom Research data.

Sikka, now the executive director and chief executive officer,has been at the helm of Nippon India MF since 2009. Some of Nippon India's MF schemes are very popular among investors. These include its small-cap mutual fund, which is ranked first in terms of assets under management (AUM).

announced a record dividend payout of ₹2.1 trillion to the government for the fiscal ended 31 March 2024 (FY24). This is higher than the government’s budget estimate and analysts' expectation of ₹1 trillion, and 141% larger than the ₹87,416-crore dividend payout in FY23. The central bank has also raised the contingency risk buffer (CRB) to 6.5% from 6% in the previous year.

Also Read- Greed & Fear: Correction on cards? Foreign investors may no longer be overweight on Indian equities, says Chris WoodIn the less probable event that the election results significantly deviate from market expectations, the stock market could witness a substantial 20% decline, said Sunil Damania, Chief Investment Officer, MojoPMS In such a scenario, the market might require up to six months to stabilize and return to pre-election levels, he added.Deepak Jasani, Head of retail Research at HDFC Securities also agreed that that if election results deviate from expectations and the ruling BJP led National Democratic alliance fails to form government, the markets can see a sharp downside, . The reforms may get a setback and the populist announcements by the parties may take centerstage hurting market sentiments, sadi Jasani.

Pienza Ventures is betting big on SAAS-based B2B Indian start-ups with an initial $5 million booty and a unique accelerator programme to facilitate market access to the US, which hosts the world’s largest start-up ecosystem and VC activity.Founded by Aaron Bird and backed by Version One Capital, MHS Ventures and Cercano Management, Pienza is setting up an office in Bengaluru to drive its aggregator programme to identify and steer fresh entrepreneurial ventures, its partner and angel investor Jofin Joseph told Livemint.Aaron, a super-angel with 70-plus angel investments, founded Bizible, which was acquired by Marketo in 2018. Later Marketo itself was acquired by Adobe.

Non-mortgage security receipts formed 90% of the fresh issuances in 2023, and have seen a rise in volumes backed by retail non mortgage bad loans, research by India Ratings showed. Asset Restructuring Companies (ARCs) will have to scale up their recovery infrastructure to be able to deal with the change in dynamics. The ratings agency expects a sustained flow of unsecured asset classes being assigned to ARCs, particularly within segments such as personal and credit card loans. Recoveries of bad loans that are backed by large corporates and small and medium enterprises are still stretched despite improvements in legal resolutions.

WARSAW—It’s a nightmare for any laptop user when the innards go haywire and the device freezes up irreversibly—a disaster called “bricking." Now imagine it happening to a 175-ton passenger train. It began with Dolnośląskie Rail, which functions as a sort of MTA of southwest Poland. Much of its rolling stock had been made by the Polish company Newag.

fiscal deficit quicker, both of which will be cheered by investors. On Wednesday, the Reserve Bank of India (RBI) announced a record 2.11 trillion rupees dividend transfer to the government, more than double New Delhi's and street estimates, leading to a decline in bond yields and a rise in equity markets. The surplus fund can help the new government, which will take charge after the current elections, bring down its fiscal deficit by 0.3% of gross domestic product (GDP) or increase spending on infrastructure or «populist» stimulus, Citi Research's Samiran Chakraborty said.

Adani Enterprises Ltd., the flagship of Indian billionaire Gautam Adani’s group, have erased all the losses inflicted by a scathing short-seller report in early 2023, after the conglomerate cut debt and landed major projects.The stock crawled back losses of more than $30 billion that came after US-based Hindenburg Research alleged wide-ranging corporate malfeasance and share-price manipulation at the ports-to-power conglomerate in January 2023. The group has repeatedly denied those allegations.The flagship’s stock rose 1.7% to 3,445.05 in Mumbai on Friday and has now almost tripled since its nadir in February 2023.

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China business faces amid U.S. sanctions on AI chip exports and heightened competition, casting a cloud over its future in a market that contributed 17% to its revenue for fiscal 2024.The growing competitive pressure in China also adds a cautionary note to investors in the U.S.

Nvidia's plan to split its stock after the stunning rise in the chipmaker's share price could lure more interest from retail investors while potentially paving the way for the company's inclusion in the Dow Jones Industrial Average. Nvidia shares were soaring 10% on Thursday afternoon after the company announced a 10-for-one stock split as part of a blockbuster quarterly report included its revenue and forecast coming in above analyst estimates.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today - May 24The headline index saw a record rise, according to Vinod Nair, Head of Research at Geojit Financial Services, with prominent industries like banking and autos outperforming. Bond rates should decrease as a result of the RBI's historic payout, which is comparable to an indirect rate drop.

India's electronics, pharma, engineering goods exports beat global trade slowdown during FY24 Meanwhile, RTE imports have grown marginally, from $304.96 million in FY2019 to $360.37 million in FY24. The FY24 figure marks a fall in imports of 13.6% from the previous fiscal year. “Reduction in imports indicates changing domestic consumption patterns, and increased local production," Srivastava said.