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Sundararaman Ramamurthy, MD & CEO, BSE, Radhika Gupta, MD & CEO, Edelweiss AMC and Harsh Jain, Co-Founder & COO, GROWW, in conversation with ET Now And how it has now become easier like we were earlier highlighting to participate into the entire mutual fund schemes? Sundararaman Ramamurthy: Yes, it has become much easier today for anybody to participate. It is all in mobile. I am sure Radhika will be able to throw more light onto it. What are the efforts that you have taken to ensure that mutual fund, particularly in your case, the penetration improves and more and more investors are able to access your mutual fund?

Sundararaman Ramamurthy, MD & CEO, BSE, says “whether we accept it or not, every stock exchange, every MII is a fintech. It is dealing with finance and it is a technology company. So the moment you start thinking that you are a fintech in that perspective, you will be innovative, you will be trying to find areas where we need to be continuously on the run. I think not only BSE, everybody in this country needs to be adaptable to changes.” You have completed almost a year. Let us look at the BSE stock price in the last one year. We always say that markets get excited about a change of guard. In this case, magic has happened to your stock in the last one year. There has been a 300% return. Are you feeling happy, excited that shareholders are endorsing your leadership? Sundararaman Ramamurthy: The stock price is a culmination of demand and supply in the market, which comes from what market perceives as what currently is happening and what in future is going to happen. From a stock exchange perspective, it is more like a ladle in a big pot of kheer. The ladle does not know the sweetness of the kheer. The job of the ladle is to distribute it, whether it is sweet or not, the consumers decide.

">Click here to watch the Mint BFSI Summit & Awards 2024 online India can arguably be said to be one of the world leaders in fintech, with thousands of fintech players permeating the BFSI industry. They have proliferated all aspects of BFSI, from lending to insurance to mutual funds, and that too with innovative, cost-effective practices, products and business models.

eastward enlargement, once dormant policy areas, are now priorities—giving a new voice to Ukraine’s neighbours in central Europe. The rise of China, and the prospect of resurgent Trumpism in America, has caused the EU to rethink its economic arrangements—often along statist French lines. Climate imperatives have reinforced the value of taking action at collective level—an approach favoured by the EU’s quasi-federal institutions in Brussels.

A stable economy, coupled with impressive tax collections in GST as well as advance income tax should give the current government the power to maintain its capex investments in the Budget, says Vinay Jaising, managing director and co-head, portfolio management services at JM Financial Services. “Capex investments have grown 5.6x in the last decade and now account for 3.3% of the GDP. This should enhance in both the interim and the final budget for the year,” Jaising said in an interview with ETMarkets. He also believes that 2024 would be the year for Indian equities on both an absolute and relative performance basis versus the rest of the world. Edited excerpts: With 2023 turning out to be one of the best times for Indian equities, did your manage to generate alpha returns for your clients? Vinay Jaising: In the last year, three out of four of our Discretionary platforms, which have over a year of history, outperformed the benchmark BSE 500 TRI Index handsomely from 2.6% to 6.9%; with the fourth being largely a market performer.

Siddhartha Khemka, Head of Retail Research, MOFSL, says “while the base would catch up and the pace of growth would marginally come down, we see strong earnings growth momentum which would continue to drive stocks and hence we do not have a cash call right now. Earnings for several sectors which have been sluggish for the past several years, have been picking up. These are sectors like automobiles, real estate, capital goods, infra, industrials, utilities, hotels.” What is the portfolio strategy right now? Is it time to book some profits, keep some cash dry on the side, or would you continue deploying fresh money in individual stocks? Siddhartha Khemka: The overall view on the market continues to be strong and positive. In terms of earnings, the earnings momentum has been pretty strong in the first half. H1 of FY24, we have seen a 30% earnings growth in the Nifty earnings and the overall asking rate for the full year is still in excess of 20%. So, while the base would catch up and the pace of growth would marginally come down, we see strong earnings growth momentum which would continue to drive stocks and hence we do not have a cash call right now.

Annamalai over his altercation with a group of Christian youth, who had objected to his entry into the church during his rally En Mann En Makkal outside St. Lourdes Church in Bommidi near Pappireddipatti on January 8.

Yemen's Houthi rebels on merchant and commercial vessels in the Red Sea area. The resolution, sponsored by the United States and Japan, says at least two dozen Houthi attacks are impeding global commerce «and undermine navigational rights and freedoms as well as regional peace and security.»

Pran Pratishtha' ceremony at Ram Temple in Ayodhya, several BJP leaders on Wednesday arrived in the temple town to take stock of the preparations for the event on January 22. Speaking to media persons, BJP national secretary Tarun Chugh said, «The Pran Pratishtha would signal the end of 450 years of exile. PM Narendra Modi will be here for the opening of the Ram Temple on January 22.

The IRS is still too slow to process amended tax returns, answer taxpayer phone calls and resolve identity theft cases, according to an independent watchdog within the agency

Pollution from greenhouse gases declined by nearly 2% in the U.S. in 2023.

Japanese authorities have resumed landfill work at the planned new site of the U.S. military base on Okinawa despite protests by island residents that it tramples on their rights

Tech companies of all sizes are showing off their latest gadgets at CES 2024 in Las Vegas

Faculty at California State University could stage a systemwide strike later this month after school officials ended contract negotiations with a unilateral offer of a 5% pay raise, far below what the union is demanding

greenhouse gases declined by nearly 2% in the United States in 2023, even as the economy expanded at a faster clip, a new report finds. The decline, while «a step in the right direction,'' is far below the rate needed to meet President Joe Biden's Rhodium Group, an independent research firm.

Maharashtra assembly speaker Rahul Narwekar's verdict in the Shiv Sena MLAs disqualification case, which went in favour of the faction led by Chief Minister Eknath Shinde, was «not at all surprising» but should be challenged in the Supreme Court by the rival group led by Uddhav Thackeray, NCP chief Sharad Pawar said on Wednesday. I n a huge relief to Shinde, Narwekar held that his Shiv Sena faction was the «real political party» when rival groups emerged in June 2022.

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BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) in India. Investors place orders to buy or sell stocks through brokers, who execute these orders on the exchange. Stocks can be classified into two main types: Common Stocks: These represent ownership in a company and typically come with voting rights.

Bollywood producer Acharya Manish has officially filed a police complaint against his colleagues, Anand Pandit and Sandeep Singh, accusing them of defrauding him of Rs 14 crore related to an investment in a film. The complaint, submitted by Manish, reveals that in early 2019, Pandit and Singh approached him with an investment opportunity in a film. Allegedly, they provided assurances of granting Manish the first recovery rights, ensuring that he could recover his investment once the film was released.

NTT Corporation has fully exited its 69.14% controlling stake in Pune-based IT consulting and services firm Nihilent Ltd selling it to the founder and promoter LC Singh. While the exact deal size was not disclosed, in mid-2022, NTT was seeking a valuation for Nihilent at around Rs 2,500 crore ($314 million then).

Japan’s transportation ministry says it has introduced improved emergency measures for the country’s airports, a week after a fatal collision between a Japan Airlines jetliner and a coast guard plane at Tokyo’s busy Haneda airport that is seen as a res...