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Ravi Ranjan Prasad
About the AuthorRavi Ranjan Prasad
Reporting Indian stock market developments since 2005 from India' financial capital Mumbai and business related news from 1998.Mutual Funds,IPOs, Sebi also on radar.
    Data released by the Association of Mutual Funds in India (Amfi) shows the mutual fund industry AUM grew by 2.7 per cent month-on-month as of November 30 to Rs 27.04 lakh crore against AUM of Rs 26.32 crore in October. (Representational Image)Business
    SIPs lift MF assets to Rs 37.33 L cr

    Equity-oriented mutual funds witnessed robust net inflow of Rs 11,615 crore in November, sharply higher than Rs 5,215...

    10 Dec 2021 2:21 AM IST

    Coronavirus has already had its toll on the Indian indices and the recent RBIs crackdown on Yes Bank has done further damage to the Indian stock market, say experts. PTI photoBusiness
    Stock market tanks again on virus fear

    The mood in the market turned so bearish that all the Sensex and 49 of 50 Nifty-50 stocks closed with losses

    7 Dec 2021 12:12 AM IST

    The RBI, the most aggressive major central bank in the world this year for easing, is expected to cut the repo rate at its sixth meeting in a row in December, a Reuters poll showed last month, which could put further pressure on the currency.Business
    PMS-AIF Set To Be Rs 50-L Cr industry In 10 Years

    Assets under management of discretionary and non-discretionary PMS (non-EPFO) stood at Rs 3.97 lakh crore at the end of...

    7 Dec 2021 12:04 AM IST

    We expect ongoing corrective phase to get arrested around 16900 in coming week, says ICICIdirect head. Representational image/AP .Business
    Global cues stay negative for market; all eyes on GDP data

    New Covid variant, FIIs’ behaviour along with macro numbers will be the key factors to drive the market this week

    29 Nov 2021 7:35 AM IST

    Paytm plans to raise Rs 18,300 crore from the IPO. (Photo: PTI)Business
    Paytm effect: Red hot primary market cools down a bit

    Paytm shares touched a low of Rs 1,271.25 on BSE and later settled 13.03 per cent lower at Rs 1,360.30

    23 Nov 2021 2:27 PM IST

    Brown label ATMs are those in which the ATM machine is owned by the service provider but the cash management and connectivity to banking networks is supplied by a sponsor bank. Representational image/Business
    Banks increasingly outsourcing ATMs

    SBI, Bank of Baroda and Bank of India have, in the last 18 months, issued a request for proposal (RFP) for over 20,000...

    6 Nov 2021 11:05 AM IST

    As the Sensex and Nifty-50 traded at an all time high on Wednesday before some profit taking, further profit taking could continue on Friday and may well set a reversal after sharp gains in the first half of August. Representational Image. (Twitter)Business
    Heavy FPI selling brings bears back

    The market ended up as the worst performer in the Asian pack, as selling intensified on the equity derivatives expiry...

    29 Oct 2021 7:34 AM IST

    PB Fintech, owners of Policy Bazaar and Paisa Bazaar, announced a Rs 5,625-crore initial public offering. (Photo: PTI)Business
    Policy Bazaar's Rs. 5,625 crore IPO on Nov. 1

    The PB Infotech offer consists of a fresh issue of shares worth Rs 3,750 crore

    28 Oct 2021 8:11 AM IST

    The changes have been made by the Department of Financial Services under the finance ministry by amending Life Insurance Corporation of India (Employees) Pension (Amendment) Rules. Besides, some other rules under LIC Act, 1956, have been amended. (PTI Photo)Business
    LIC books profit in blue chips ahead of IPO bid

    It was a crucial quarter for LIC as profit booking would help it strengthen its balance sheet ahead of the mega IPO in...

    25 Oct 2021 7:58 AM IST

    Sensex tanks 433 pts; Nifty gives up 11,200 level. (PTI Photo)Business
    Market enters overbought zone

    The domestic economic indicators continue to show recovery from the pandemic

    19 Oct 2021 7:27 AM IST

    Sensex surges nearly 400 pts in early trade; Nifty tops 11,500. (PTI Photo)Business
    BSE to begin T+1 settlement in Jan

    T+1 settlement will be a major advantage for retail individual investors

    18 Oct 2021 8:08 AM IST

    Sensex recaptures 39,000-mark after six months; Nifty closes above 11,500. (PTI Photo)Business
    Market stays In Bulls Grip, Sensex hits 61K

    During the holiday shortened week the Sensex gained 2.6 per cent while the Nifty-50 gained 2.9 per cent

    15 Oct 2021 7:19 AM IST

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