MF Weekly: Industry AUM rose to Rs.21.41 lakh crore in Oct 2017 | Indianotes.com

Industry AUM rose to Rs.21.41 lakh crore in Oct 2017 As per data from the Association of Mutual Funds in India (AMFI), the assets under management (AUM) of mutual fund industry rose to Rs. 21.41 lakh crore in Oct 2017 compared with Rs. 20.40 lakh crore in Sep 2017. Overall inflow in mutual fund schemes stood at Rs. 51,148 crore […]

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Birla Corp consolidated net profit slumps 98% to Rs 1.46 crore

Cement major Birla Corporation Ltd on Saturday reported a 97.7 percent decline in its net profit for the September quarter at Rs 1.46 crore. The company had posted a bottom line of Rs 65.43 crore in the corresponding period a year ago. Revenue from operations, however, grew 14.41 percent year-on-year to Rs 1,235.49 crore in the quarter under review compared with […]

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RCom posts Q2 loss of Rs 2,709 crore

Debt-laden telecom operator Reliance Communications on Saturday posted a consolidated loss of Rs 2,709 crore in the second quarter ended September 30, 2017. The company had registered a profit of Rs 62 crore in the same period a year ago. This is the fourth straight quarter of loss for the company. Total income of the Anil Ambani-led firm declined by 48 […]

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HDFC Standard Life Insurance raises Rs 2,322 crore from anchor investors

Moneycontrol News HDFC Standard Life Insurance Company Limited on Monday raised Rs 2,322 crore from anchor investors through allocation of 8.0686 crore equity shares at Rs 290 per equity share (upper end of the Price Band). HDFC Standard Life Insurance Company, the part of housing finance major HDFC, will open its Rs 8,695-crore initial public offering for subscription on November […]

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Axis Bank reports a net profit of Rs 432 crore in 2QFY18 | Financial results | Digital channels | Freecharge acquisition | Outlook | Fundamental analysis | Indianotes.com

Axis Bank reported a net profit of Rs 432 crore in the July-September quarter, well below market estimate. Axis Bank registered a 1% rise in Interest income to Rs 11235.08 crore in the quarter ended September 2017. A 1% fall in interest expenses to Rs 6695.46 crore saw net interest income (NII) grow 1% to Rs 4539.63 crore. Other income […]

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PC Jeweller’s turnover may cross Rs 10,000 crore this fiscal

PC Jeweller’s turnover is likely to cross Rs 10,000 crore this fiscal with the company expecting about 30 percent average growth in sales from domestic and exports market. The national capital-based jewellery major has added 10 new retail stores this fiscal to 85 outlets and plans to open 20 more by end of this fiscal, its MD Balram Garg said. […]

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Developer sells residential unit for Rs 50 crore in Bengaluru

Moneycontrol News Luxury living has a new price tag in Bengaluru, with a leading developer closing the sale of one of its iconic branded private residences, at its flagship luxury Integrated development – Embassy One for Rs 50 crore, company sources said. The 30th-floor single level unit of the new Four Seasons Private Residences at Embassy One has been sold for […]

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Direct tax collections jump 16% to Rs 3.86 lakh crore in Apr-Sep

Moneycontrol News India’s direct tax collections for April-September rose 15.8  percent to Rs 3.86 lakh crore, buoyed by a healthy growth in advance tax mop-up, the finance ministry said. The net direct tax collections constitute 39.4  percent of the total budget estimate of direct taxes at Rs 9.8 lakh crore for the current fiscal. The provisional figures of direct tax up to September 2017 show that net […]

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MF Weekly: MFs’ AUM rises 7.6% to Rs 21 lakh crore in September quarter

Highlights:   MFs’ AUM rises 7.6% to Rs 21 lakh crore in September quarter Mutual fund industry’s asset base surged 7.6 per cent to a record high of Rs 21 lakh crore at the end of September quarter, driven by strong participation from retail investors. In comparison, assets under management (AUM) of the MF industry, comprising 42 players, were at […]

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MF Weekly: Mutual funds log Rs62,000 crore inflows in August

Highlights: Mutual funds log Rs62,000 crore inflows in August Investors have pumped in close to Rs62,000 crore into various mutual fund (MF) schemes in August, driven by equity and money market funds. With this, total net inflow in MF schemes has risen to Rs2.2 trillion in the April-August period this year, as per the latest data available with Association of […]

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