Reliance MF launches Equity Opportunities Fund
Reliance MF launched the open-ended fund to provide long-term capital appreciation by investing in stocks across sectors and industries.
By Press Trust of India | PTI, Mumbai
PUBLISHED ON FEB 15, 2005 06:35 PM IST
Reliance Mutual Fund has launched an open-ended Equity Opportunities Fund to provide long-term capital appreciation by investing in stocks across sectors and industries of all market capitalisations.
The issue would remain open till March 7 and there would be no entry-load during the initial public offer (IPO).
The minimum application amount for the IPO, which is offered to the public, is Rs 5,000 and in the multiples thereafter, Reliance Mutual Fund said in a release.
The fund is a diversified equity scheme which would try to invest in stocks of companies representing a broad view of the strong Indian growth stories.
It would invest up to 75-100 per cent in equity and equity-related instruments and up to 25 per cent in debt securities and money market instruments with an aim to generate regular income, the release added.
"The fund would seek both value and growth, which are likely to commence from the ongoing structural changes in Government policies, infrastructure spending and continuous global economic reforms which try to integrate different economies across the globe," it said.
Sensex at 50,420 in opening trade; Nifty at 14,964
PUBLISHED ON MAR 05, 2021 09:23 AM IST
Sensex down 425 points in opening trade, currently at 50,420; Nifty opens at 14,964
Case to get petrol, diesel under the ambit of GST
By Roshan Kishore, Hindustan Times, New Delhi
UPDATED ON MAR 05, 2021 07:35 AM IST
- At a time when petrol and diesel prices are at an all-time high, and taxes have a bigger component in the retail price than the base price of the fuels, it is worth revisiting the debate
FT should be probed by Sebi and not ED or cops, says Amfi
By Neil Borate, Hindustan Times, Mumbai
PUBLISHED ON MAR 05, 2021 12:55 AM IST
- The ECIR is reportedly based on an FIR filed by the Chennai police under Section 420 of the IPC on the basis of a complaint by the Chennai Financial Markets and Accountability (CFMA), an organisation that fights for investors’ rights.
Wearables market grew 144% in ’20 on remote working shift
By Abhijit Ahaskar, Hindustan Times, New Delhi
UPDATED ON MAR 05, 2021 06:42 AM IST
- Shipments in the December quarter grew at a higher rate of 198% annually with 15.2 million units.
E-com boom sets off a scramble for warehouses
By Kalpana Pathak, Tanya Thomas, Hindustan Times, Mumbai
PUBLISHED ON MAR 05, 2021 12:12 AM IST
- The companies are also opting for large boxes for storage, with around 400,000-plus sq. ft being the average demand.
Wipro to acquire UK consultancy Capco for $1.45 billion
By Ayushman Baruah
PUBLISHED ON MAR 05, 2021 12:05 AM IST
- The latest acquisition is Delaporte’s boldest move to spur growth after the company ceded its position as India’s third-largest software services provider to HCL Technologies Ltd.
Flipkart mulls US listing through the SPAC route
Bloomberg
PUBLISHED ON MAR 05, 2021 12:02 AM IST
- The Bengaluru-based online retailer has been weighing a US initial public offering and it’s now also looking at other options, the people said.
Fuel retailers may cut rates in run-up to polls
By Rajeev Jayaswal
UPDATED ON MAR 05, 2021 06:40 AM IST
- While the base price of petrol is ₹33.26 per litre, it attracts ₹32.90 a litre central excise and ₹21.04 per litre local levies in Delhi.
OPEC+ to extend most oil cuts into April, Saudi to keep voluntary cut
Reuters, Dubai, Moscow
PUBLISHED ON MAR 04, 2021 11:27 PM IST
The news pushed oil prices back towards their highest levels in more than a year with Brent trading up 5% above $67 a barrel as the market had expected OPEC+ to release more barrels.
OPEC+ meet on oil output with Saudi, Russia seeing fragile recovery
Posted by Harshit Sabarwal | Reuters
PUBLISHED ON MAR 04, 2021 10:12 PM IST
Saudi Energy Minister Prince Abdulaziz bin Salman and Deputy Prime Minister Alexander Novak, lynchpins in the OPEC+ group, have to decide with their allies whether a rally in oil prices is enough to warrant more supply or if uncertainty about the coronavirus crisis should encourage more caution.
UK probes Apple's App Store for 'stifling competition' and 'hurting consumers'
PTI
PUBLISHED ON MAR 04, 2021 08:57 PM IST
UK's competition watchdog, the Competition and Markets Authority, said Thursday it was looking into “suspected breaches of competition law" by Apple. The App Store, Apple responded, is “a safe and trusted place for customers.”
SBI to conduct property e-auction tomorrow: Here’s what you need to know
By hindustantimes.com | Edited by Mallika Soni
UPDATED ON MAR 04, 2021 08:34 PM IST
- As per SBI’s official website, the properties that are included in the auctions are those of defaulters who failed to pay their dues.
EPFO retains 8.5% interest on EPF deposits: Here's how it is calculated
By hindustantimes.com | Edited by Mallika Soni
PUBLISHED ON MAR 04, 2021 07:22 PM IST
- Here’s how you can calculate the EPF interest
Square to pay $297 mn for majority stake in Jay-Z's Tidal, appoint him to board
Posted by Kunal Gaurav | Bloomberg
PUBLISHED ON MAR 04, 2021 07:09 PM IST
Jay-Z acquired Tidal for $56 million in 2015 and announced plans to turn it into the first artist-owned streaming service.
WhatsApp adds voice and video calling feature to desktop version
Posted by Harshit Sabarwal | Reuters
PUBLISHED ON MAR 04, 2021 06:12 PM IST
The move to facilitate calls over large screens would put WhatsApp on par with video-conferencing bigwigs Zoom and Google Meet, but it is not clear if it has ambitions to compete with the two in the enterprise space.