Strategy Financial News

Investing in mutual funds is a popular and accessible way to grow one’s wealth. However, before diving into mutual funds, it’s essential for investors to conduct thorough due diligence. Ensure you comprehend the fund’s approach before investing. Dive into the fund’s investment process and strategy. Is the strategy aligned with your objectives?

In the ever-evolving landscape of retail, a powerful new trend is shaping the way businesses operate and thrive – the advent of shop-cum-offices. These innovative spaces represent a seamless blend of retail and office environments, redefining the future of the industry and catering to its dynamic needs.

Financial literacy is a critical component of economic empowerment, and it plays a pivotal role in enhancing the socio-economic status of individuals and communities. Unfortunately, in many rural areas around the world, particularly in developing countries, women often face significant challenges when it comes to financial literacy. This disparity can be attributed to several interrelated factors.

Mirae Asset Mutual Fund has launched Mirae Asset S&P BSE Sensex ETF, an open-ended scheme replicating/tracking S&P BSE Sensex Total Return Index. The new fund offer or NFO of the scheme is open for subscription and will close on September 26. The scheme will re-open for continuous sale and repurchase from October 3. The performance of the scheme will be benchmarked against S&P BSE Sensex TRI (Total Return Index). The scheme will be managed by Ekta Gala and Vishal Singh.

Deepanshu Singh as the new Chief Strategy and Innovation Officer effective from September 12, 2023. Singh, an alumnus of IIM-Kozhikode, joins Kalam with an extensive background in technology, strategy, public policy, and education. Vimal Singh Rathore, founder of Kalam, said in a statement, «Deepanshu Singh is an extraordinary addition to our team and we couldn't be more excited to welcome him on board.

Head of Research at Equinomics Research. Experts and market participants expect the IPO boom to be sustained in the short term. In September alone over 40 IPOs are planned out of which some 28 have already hit the market.

₹23,575 crore to buy television broadcast rights for the IPL tournament for five years, beginning 2023, but gave up the coveted digital media rights to Viacom18 that bid ₹23,758 crore. Apart from the IPL, the platform has stopped streaming some popular international content. Starting 31 March, Disney Star has removed 144 HBO originals as the company decided against extending its longstanding content deal with Warner Bros.

News Corp’s Australian newspaper editors were summoned to the Murdochs’ Los Angeles compound, Chartwell, last week for strategy meetings.

Resource Capital Funds has sold engineering and consulting firm Ausenco for about $900 million in a deal with a US billionaire and private equity firms looking to boost their exposure to battery minerals and energy transition.

Sydney money manager Maple-Brown Abbott has been revealed as the $206 billion Future Fund’s choice to manage its coveted active Australian small-cap investment strategy.

Former a16z general partner Katie Haun believes it is "a really good time" to invest in the crypto industry. 

By Rae Wee

Manoj Vaibhav Gems 'N' Jewellers (MVGNJL) is a hyperlocal jewellery retail chain with 13 showrooms in Andhra Pradesh and Telangana. Proceeds from the IPO are going to be used towards capex and inventory costs of eight new showrooms.

Retail investors may consider participating in government's share sale in hydroelectric power company SJVN if they can withstand short-term swings in the stock price. With the stock having more than doubled in the past three months, analysts said the near-term upsides seem capped, but the company's growth plans and a stable dividend-paying record are driving investor interest. The government will sell 174 million shares or 4.92% stake in the state-owned company at a floor price of ₹69 per share through a two-day offer for sale.

Antler India has closed Rs 500 crore of its Rs 600 crore ($75 million) maiden fund and is aiming to make the final close this quarter. The domestic fund, which has been almost one-and-a-half years in the making, will be completely India-focused and is separate from the global Antler franchise.

Taiga Cloud, part of the Northern Data Group, reports that the purchase of NVIDIA H100 GPU Pods - referred to by NVIDIA as the world’s most advanced chip - builds on Taiga’s position as Europe’s largest independent cloud service provider of NVIDIA hardware, now with over 19,000 NVIDIA H100, A100, and RTX A6000 GPUs in total. The company will begin installing the H100 GPUs on a coordinated deployment schedule, with customer access beginning in late Q4 2023. Taiga plans to have more than 10,000 H100 GPUs fully deployed by mid-2024.

US retailer Walmart has joined the ranks of corporates seeking to capitalize on the popularity of metaverse platforms like Roblox, but the strategy is being criticized for being aimed at children.

ESMA) is said to have proposed to the Reserve Bank of India to continue their existing Memorandum of Understanding on the treatment of clearing houses, a step that could resolve roadblocks to billions of dollars' worth of bond trading. The latest communication by Europe's top financial markets regulator to the RBI, made earlier this month, comes amid a standoff between the Indian central bank and European authorities over the latter's requirement of rights of audit and inspection of domestic clearing houses, including The Clearing Corporation of India Ltd (CCIL). «Around two weeks ago, ESMA put forward the idea of continuing with the current MoU that is in place. The existing framework does have certain provisions for oversight but within a clearly defined understanding that nothing would be done bypassing the RBI,» a person aware of the development said. «The root of the disagreement that broke out since last year is the EMIR (European Market Infrastructure Regulation) 2 which has far greater provisions of foreign oversight over domestic clearing houses.

Is it finally game on at the Magellan Global Fund, the investment vehicle that has caught the attention of Keybridge Capital’s Nick Bolton and his offsider, ex-Domain chief executive Antony Catalano?