Despite the fact that mutual funds frequently contain stocks too, mutual funds and stocks have distinct characteristics that can appeal to a wide range of investors with different needs and financial goals. Scroll down to know the key characteristics of stocks and mutual funds.
New York : Amazon on Tuesday became the second US public company after Apple to hit the $1 trillion valuation mark. Last month, Apple became the first US company to become a $1 trillion company. According to a report in CBS News, Amazon shares hit $2,050.49 — climbing 1.5 per cent in the morning trade […]
Bengaluru: Global software major Infosys Ltd would buy back 11.3-crore of its equity shares of Rs 5 face value by paying Rs 13,000 crore at the price of Rs 1,150 per share from November 30, informed the IT major on Friday. “Buyback of 11,30,43,478 equity shares of Rs 5 each at a price of Rs […]
Mumbai/New Delhi: The ED today said it has frozen mutual funds and shares worth Rs 94.52 crore of the Nirav Modi and Mehul Choksi groups in connection with a money laundering probe against them in the Rs 11,400-crore alleged fraud at the Punjab National Bank (PNB). It also seized nine high-end luxury cars of Modi […]
Mumbai: The BSE Sensex, after opening weak, scaled a new peak of 31,155.40 in late morning trade Monday on sustained buying by domestic institutional investors and retailers. The NSE Nifty too soared to an all-time high of 9,622.30 after touching a low of 9,547.70 in early trade. The BSE 30-share Sensex resumed on a negative […]
Bengaluru: Global software major Mindtree on Tuesday decided not to proceed with its proposal to buy back its shares after infrastructure major Larson and Toubro (L&T) made an open offer to acquire 31 per cent of equity capital for Rs 3,050 crore. “The company’s board of directors at its meeting on March 26 has decided […]
Mumbai: Private equity funds in India invested $26.3 billion across 793 deals during 2018, a report said on Tuesday. According to Bain & Company’s ‘2019 India Private Equity Report’, consumer tech and banking, financial services and insurance (BFSI) remained the largest industry sectors for investment by value. “While consumer tech investment was still large at $7 […]
Mumbai: Shares of Lakshmi Vilas Bank hit the 5 per cent lower circuit on Monday after the Reserve Bank of India (RBI) initiated Prompt Corrective Action (PCA) against it on account of its high non-performing assets (NPA) among other issues. It hit the lower circuit right at the start of the trading session and fell […]