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JioBlackRock Mutual Fund has launched its first exchange-traded fund, the JioBlackRock Nifty 50 ETF, marking its entry into India’s fast-growing ETF market. The NFO is open until August 11. The passive fund will track the Nifty50 Index, offering investors exposure to India’s 50 largest listed companies through a single investment and broad participation in the…
The strategy emerges amid investor concern that AI could disrupt India’s $315 billion IT services industry by reducing demand for engineering teams, shortening project timelines and squeezing prices as clients seek a share of productivity gains
The Income Tax Appellate Tribunal determined that employee stock options are not considered part of salary perks until they are exercised. Any gains from the repurchase of options, which have not yet been exercised, are to be taxed as long-term capital gains. This case revolved around a Flipkart executive who received ₹2.33 crore from repurchased…
Here is the detailed exposure of the top 5 mid-cap funds with maximum mid & small cap exposure in June, as reported by ET Wealth.
From token limits and usage-based pricing to layoffs and AI sovereignty, companies are discovering that the economics of artificial intelligence matter as much as the technology itself.
Willie Walsh assumes IndiGo CEO role, addressing employees on his first day. He acknowledged the airline’s global recognition for consistency and operational excellence. Walsh stated that IndiGo’s greatest opportunities still lie ahead. He also noted the airline’s remarkable achievements in a challenging industry. Supply chain and airspace issues are identified as headwinds for the company.
Just seven equity mutual funds delivered returns above 20% over the past year, led by TRUSTMF Small Cap Fund at 28.16%. Most top performers were smallcap funds, alongside focused, value, and midcap categories.
Marico is now prioritizing profitability over volume and rapid expansion. The company is focusing on premiumization and higher-margin businesses for growth. Marico is willing to forgo volumes in certain channels that lack profitability. Acquisitions will now focus on profit improvement rather than rapid growth. The company continues to invest aggressively in general trade distribution channels.
With Indian firms far behind global rivals, experts cautioned that these may not have the kind of global pricing impact that China did with DeepSeek
Five things to watch in markets in the week ahead