RELIANCE ASSET MANAGEMENT COMPANY
Jointly owning property to save tax? Why married couples must also plan for ownership and inheritance
Couples should focus on establishing shared ownership of assets and developing a continuity plan to access these in case of emergencies. It's crucial to clearly identify the funding sources for joint properties to avert any tax conflicts. Supreme Court rulings clarify that a nominee serves as a custodian rather than an owner. Drafting a Will detailing asset ownership helps avert disputes among nominees and legal heirs.
LIC’s ₹15.5 lakh crore portfolio revealed: Stocks India’s largest domestic investor bought and sold in Q2
Life Insurance Corporation of India made significant changes to its equity portfolio during the September quarter. The insurer invested in companies such as Larsen & Toubro, Reliance Industries, and Bharti Airtel, while selling shares in ICICI Bank, State Bank of India, and Nestle India. Despite a decline in overall portfolio value, LIC continues to be India’s largest domestic investor.
ET Wealth Expo| SIF bhi sahi hai’: Anshu Kapoor sees new investment vehicle attracting top fund management talent
Speaking at the ET Wealth Expo, Kapoor said the new product category could help bridge the gap between traditional mutual funds and alternative investment products that were earlier accessible largely to wealthier investors. “SIF bhi sahi hai,” Kapoor said, adding that the new category should be seen as an additional investment option rather than a replacement for mutual funds.
NCLT rejects Reliance Infra subsidiary's resolution plan
The Mumbai bench of the NCLT rejected the resolution plan for SU Toll Road Pvt Ltd due to financial concerns. These concerns were primarily related to overdue road repairs that the successful resolution applicant refused to cover. The tribunal directed lenders to decide on the next steps within 15 days following the order. Furthermore, it specified that inviting fresh bids would extend the resolution process by an additional 120 days.
For investors with medium-term outlook: 5 large-cap stocks with upside potential of up to 23%, according to analysts
The headwinds hitting the market are not just easing now. Some of them are actually turning into tailwinds. That is a real change. The broader market is inching higher, and the Nifty and the Sensex are moving up with it. For months, the bulls were trying and failing to get a foothold. This time the attempt looks more serious, because the macro picture, for once, is working for rather than against them.
Deutsche Bank launches digital asset custody service for paying clients
Deutsche Bank launches its digital asset custody service for institutional and corporate clients, offering secure storage for cryptocurrencies including Bitcoin and Ether. The move strengthens its digital asset strategy, with plans for potential Asian expansion and collaboration with DWS to develop regulated digital asset infrastructure.
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India’s rich pivot to real estate after stock returns falter
Investors in India are increasing their allocations towards high-yielding assets in real estate and logistics. Recent data shows a significant rise in investments through Alternative Investment Funds, nearly doubling in recent years. Family offices are now directing larger portions of their portfolios toward private credit and infrastructure while moving away from traditional investments. Specialized funds are attracting wealthy investors who want exposure to completed assets.
Resolven mobilises USD 900 million financing this year
Resolven has successfully mobilised USD 900 million in financing from 15 diverse lenders this year. The funds consist of USD 700 million in debt financing and USD 200 million in non-fund lines. Earlier this year, the company became an independent renewable energy entity focusing on growth projects. It aims to expand renewable capacity significantly, targeting more than 1.5 GW annually by 2030.
Jefferies sees largecaps benefiting from FPI revival; Reliance, HDFC Bank, Axis Bank among potential beneficiaries
Jefferies expects largecap stocks to benefit more directly from a potential revival in foreign portfolio investor (FPI) flows into Indian equities. The brokerage has identified 12 potential beneficiaries, including Reliance Industries, HDFC Bank, Axis Bank and Kotak Mahindra Bank, amid improving foreign flows and relatively reasonable valuations in the segment.
Need for rules comes to fore as India corporate landscape clutters up with family feuds
India's corporate landscape is witnessing a surge in family disputes that threaten the very foundation of long-established businesses. Following the exit or passing of key patriarchs, internal discord often erupts, underscoring the critical requirement for legislative mechanisms that favour transparent succession planning.
ETMarkets Fund Guide | Managing over Rs 8,000 crore: How Bajaj AMC's Sorbh Gupta picks winners in the Flexi Cap universe
In this edition of ETMarkets Fund Guide, Sorbh Gupta, Head – Equity at Bajaj Asset Management, who manages over Rs 8,000 crore through the Bajaj Finserv Flexi Cap Fund, shares his approach to picking the right stocks across large, mid and small caps.
Satya Micro Capital to sell its housing finance arm to address liquidity crunch
Satya Micro Capital plans to sell its housing finance subsidiary for ₹150-200 crore to ease liquidity pressure and strengthen its financial position. The microfinance lender has shortlisted three buyers and expects to close the deal within a month. The move comes amid mounting debt repayments, weak asset quality and losses.
Reliance may find it difficult to replicate cola disruption in biscuits: Britannia CEO & MD
Britannia Industries has expressed confidence in its market position amid competition from Reliance Industries. While Reliance has entered the biscuits market, distinct pricing dynamics could limit its ability to disrupt. Britannia CEO Rakshit Hargave emphasized their strong market moats and growth plans. The competition is closely monitored as Reliance's expansion efforts continue across India. Overall, Britannia remains optimistic about confronting Reliance's presence in the biscuit segment.
IREDA stock rises 8%, logs seventh straight session of gains; rebounds over 21% from October low
IREDA shares extended their winning streak to a seventh consecutive session on Monday, rising as much as 8% on the NSE. The stock has rebounded over 21% from its October low of Rs 98.78. The rally comes after the company's Q2 results and a recent board-level change.
Nuvama Wealth Management Q2 Results: Profit rises 19% YoY to Rs 304 crore
Nuvama Wealth Management Ltd achieved a consolidated net profit of Rs 303.5 crore for Q2 FY27. The company saw a revenue increase of 20.35% to Rs 1,366 crore for the same quarter. Client assets reached Rs 5.5 lakh crore, reflecting a 25% year-on-year growth. Wealth management, asset services, and capital markets drove this substantial growth. The company demonstrated strong operating profits with a return on equity remaining robust at 29%.
Consumer goods cos turn to cost cutting amid higher input prices to protect demand, revive volume growth
The cost-cutting comes amid an elevated input-price outlook flagged by several companies during recent earnings calls, due to high raw material prices, supply disruptions and freight charges. They are cutting trade investments as well as rationalising vendor networks to negotiate better rates through higher volumes.
Samsung set to become first South Korean company with $147 billion in cash assets
Samsung Electronics' cash assets are estimated to exceed 200 trillion won with strong demand for AI semiconductors. The company's cash increased significantly from the previous quarter, showcasing financial growth. Investments into chipmaking infrastructure are projected to reach over 100 trillion won this year, indicating continued growth in the sector. Samsung's net profit surged due to heightened demand for memory chips and AI-related products.
TPG invests ₹525 crore in Kirloskar-backed Arka Fincap
The Rise Funds of TPG is planning a significant investment of ₹525 crore into Arka Fincap, backed by the Kirloskar Group. This investment has the potential to be increased to ₹800 crore based on specific performance indicators and regulatory green lights. The funds will support Arka's expansion into secured retail lending and revamp its technological infrastructure.
Britannia CEO plays down Reliance's pricing threat in India biscuit market
Reliance Industries' Independence biscuits are entering India's competitive biscuit market with packs starting at Rs 5, but Britannia CEO Rakshit Hargave says disrupting the category will be harder than its Campa cola play. With biscuits already priced at Rs 5 and Rs 10, aggressive discounts could hurt margins. Britannia is also raising prices and shrinking pack sizes amid rising input costs.
Scripbox shareholders approve conversion into public company ahead of IPO
At an extraordinary general meeting on October 19, shareholders approved the change of the Accel-backed startup's name from Scripbox Wealth Managers Private Limited to Scripbox Wealth Managers Limited, along with amendments to its constitutional documents, according to regulatory filings reviewed by ET.
Gaja Alternatives net profit up 128% at Rs. 64.7 crore
Gaja Alternatives reported a 128% sequential rise in Q2 FY27 net profit to Rs. 64.7 crore, with revenue increasing 26% to Rs. 65.5 crore. The private equity asset manager highlighted strong fund performance, zero debt and expanding investments.
ETMarkets Smart Talk| FDs, G-Secs or debt funds? UTI AMC's Anurag Mittal explains what works in a rising-rate cycle
In this edition of ETMarkets Smart Talk, Anurag Mittal, President & Head–Fixed Income at UTI AMC, shares his views on the changing dynamics in India’s bond market, the outlook for interest rates and bond yields, and how investors can position their fixed-income portfolios in a rising-rate cycle.
ETMarkets Smart Talk| FDs, government bonds or debt mutual funds: How should investors choose in today's market?
In this edition of ETMarkets Smart Talk, we speak with Siddharth Chaudhary, Head – Fixed Income, Bajaj Asset Management Limited, who shares his outlook on interest rates, bond yields and liquidity, and explains how investors can navigate the changing fixed-income landscape while balancing returns, risk and liquidity needs.
ETMarkets Smart Talk| Gold, silver or copper? Tata MF fund manager suggests a 50:30:20 commodity allocation: Tapan Patel
In this edition of ETMarkets Smart Talk, we speak with Tapan Patel, Fund Manager – Commodities at Tata Asset Management, who shares his outlook on gold, silver, copper and crude oil, explains the changing dynamics driving commodity prices, and suggests a 50:30:20 allocation to gold, copper and silver, respectively, for investors looking to build a commodity portfolio for the long term.
Giva raises over $100 million led by Multiples Alternate Asset Management
Founded in 2019, Giva focusses on everyday wear and gifting jewellery made from silver, gold, and lab-grown diamonds, sold across online and offline channels. Currently, it has around 425 stores across India and Sri Lanka. By the end of the financial year, it aims to scale to 470-475 stores and plans to have 2,000 in the next four years.
Diwali cheer! Mukesh Ambani gets $8.5 billion richer in a day as RIL shares soar
Mukesh Ambani experienced a significant increase in wealth following a rally in Reliance Industries shares. The company's stock rose by 11.64%, marking its strongest gain in over six years. Reliance's quarterly earnings surpassed expectations, especially in its oil-to-chemicals and telecom sectors. Analysts have since shown increased optimism about the company's financial outlook and growth prospects. However, challenges remain for Reliance's retail business and overall stock recovery.
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