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Japanese shares led regional gains as the yen’s slide on Tuesday boosted the outlook for the nation’s exporters. The dollar bounced in New York following stronger-than-expected retail-sales data. Hong Kong is shut for a holiday, while Chinese stocks listed on mainland markets will resume trading after a break.

Mankind Pharma is engaged in developing, manufacturing and marketing a diverse range of pharmaceutical formulations and consumer healthcare products.

Non-bank lenders in India have expanded their deposit base by 21% in FY24, outpacing banks’ 13.5% growth, according to RBI data. Major NBFCs like Bajaj Finance and Shriram Finance offer higher interest rates than banks, making them attractive to savers. The number of deposit-taking NBFCs has been reduced to 25 Continue Reading

Investors including Quadria Capital and Denmark-based pharmaceutical major Novo Nordisk are among those interested in a minority stake and engaged in early discussions, they said. In February, Novo Holdings, the holding company of Novo Nordisk, acquired US-based publicly-listed contract development and manufacturing organisation Catalent for $16.5 billion.

Foreign portfolio investors (FPIs) are back with a bang in the Indian equity market in September on hopes that the US Federal Reserve would start reducing interest rates soon, triggering more fund flows into emerging markets.

The brokerage said that AGEL’s growth will primarily be led by its plans for 30GW (gigawatt) and 11GW installations in Khavda, Gujarat and Rajasthan respectively, where it has access to large resource rich land banks along with evacuation facilities. It will take the total production capacity to 50+GW by FY30.

UBS said that the city gas space is at a critical point where smaller entities are turning sellers and strategic partners due to issues such as non-performance from new/small entities, infrastructure-commitment defaults, gas-sourcing challenges and capital constraints. that consolidation of smaller players in the city gas space.

Experienced investors are making less money compared to retail investors in the current market, says Nilesh Shah of Kotak Mahindra AMC. He attributes this to conservative betting and warns of potential corrections in overvalued stocks. Shah advises moderating return expectations as market fundamentals remain strong.

Consumption mutual funds have shown strong performance, offering an average return of 13.73% in three months. Kotak Consumption Fund led with a 17.97% return, while Tata India Consumer Fund delivered 16.90%. Experts attribute this to favorable economic conditions and strategic asset selection. Investors are advised to consider their risk tolerance Continue Reading

Around five fund houses were sitting on more than Rs 10,000 crore cash pile last month. Among 43 mutual fund houses, SBI Mutual Fund had the highest cash allocation in its portfolio as of August 2024. The largest fund house had Rs 30,675 crore cash in its portfolio which was Continue Reading