Friday, September 18
The B30 locations tend toward equity assets. Nearly 76.77% of the assets from B30 locations were in equity schemes and 9.27% in balanced schemes as of June 2025. Close to 11.47% of the assets from B30 locations were in debt-oriented schemes, while the corresponding figure from T30 locations stood at 30.98%, according to a press release by ICRA Analytics.122905100Nearly 18% of the mutual fund industry's assets came from B30 locations in June 2025. Assets from these locations increased by approximately 4% on a month-on-month basis—from Rs 13.28 trillion in May 2025 to Rs 13.80 trillion in June 2025. On a yearly basis, B30 assets rose 24%. Assets from T30 locations grew 21% year-on-year in June 2025, as per data from AMFI.122905084In June 2025, 27.39% of assets held by individual investors
Mumbai: Bajaj Auto could have a "zero month" in August for its electric scooter Chetak and electric three-wheeler GoGo because of the shortage of rare earth magnets, managing director Rajiv Bajaj said in an interview. That would make it the first automaker to halt output on account of export curbs imposed by China on the key component.The scarcity due to China's move forced India's second-largest electric scooter maker by volume to halve EV numbers this month though it managed to report full production in June thanks to existing inventory, Bajaj said.China is the world's dominant supplier of rare earth magnets, vital for EV manufacturing as well as others such as internal combustion engine (ICE) powered models, renewable energy, consumer electronics, defence and aerospace, and other indust
ET Intelligence Group: Chemical companies are expected to post 5-10% year-on-year revenue growth for the June 2025 quarter driven by order intake ahead of potential US tariffs and a weaker rupee that boosts export realisations. Decline in the prices of raw materials will help in shielding margins."While the chemicals sector fundamentals remain soft, some companies should benefit from front-loading of orders by customers ahead of the threat of US tariffs, ramp-up in specific growth projects, and firm prices of HFC (Hydrofluorocarbon) refrigerants," noted Kotak Securities in a preview report.Lower input costs will help profitability of companies. Crude oil price averaged at $67 per barrel in the June quarter, reflecting a drop of nearly 20% year-on-year and 11% quarter-on-quarter. Prices of
Mumbai: Shares of the Indian Energy Exchange (IEX) dropped 30% on Thursday, the biggest ever single-day fall, as the Central Electricity Regulatory Commission's move to implement 'market coupling' is seen squeezing its revenues.Market coupling is aimed at unifying power prices, resulting in improvement of power trade efficiency but this is seen hurting IEX."Historically, market participants turned to IEX for price discovery. But, after this, transactions will be distributed among three exchanges and grid India on a rotational basis," said Rupesh Sankhe, power sector analyst at Elara Securities. "If competing exchanges lower transaction fees, IEX's volumes could decline further." IEX shares ended 27.9% lower at ₹132.32 on Thursday. While IEX may lose market share, other two exchanges, Hin
Indians could soon have access to a wider range of British beauty products, fashion labels and gourmet items, thanks to the India-UK free trade agreement (FTA). The deal, which significantly slashes tariffs on British imports, is expected to prompt more UK brands to enter the Indian market, and push existing ones to expand.India’s average tariff on British goods is set to drop from 15% to 3%, allowing brands to price more competitively. That’s likely to boost demand, especially among young and affluent shoppers increasingly drawn to international labels.“For UK-based brands, the FTA will bring down the cost of entering India and this will allow them to pass on the benefits to consumers. For us as a platform, it means easier registration and onboarding of British brands,” said Radhi
The Rs 759.6 crore initial public offering (IPO) of Brigade Hotel Ventures (BHVL), a hospitality arm of real estate major Brigade Enterprises, was subscribed 1.18 times on the second day of bidding on Friday, driven by strong interest from retail and non-institutional investors.By 4:30 pm on day 2, the retail tranche had been bid 4.61 times, while the non-institutional investor (NII) category saw 97% subscription. The quota for qualified institutional buyers (QIBs) received 8% bids.GMP of Brigade Hotel IPOIn the unofficial grey market, Brigade Hotel shares were trading at a premium of Rs 6 over the issue’s upper price band of Rs 90, indicating a potential listing price of Rs 96 and an implied 6.7% upside. The GMP fell from Rs 8 on Thursday.IPO detailsThe IPO, comprising a fresh issue of
