"The recent credit default events in NBFCs have taken a toll on the credit risk funds. As credit risk funds by default take credit risk and such event are credit events prompting investors to pull out," said a chief investment officer from a private fund house who did not wish to be named. … [Read more...] about AMFI Monthly: Credit risk funds see massive outflows in May; equity fund inflows up 17.5% MoM
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The press release by the government lays out the larger intent of the Negative List: ‘……to assess current and future capabilities of the Indian industry for manufacturing various ammunition/weapons/platforms/equipment within India’. It also outlines the lucrative domestic market size by announcing ‘…with the latest embargo, it is estimated that contracts worth almost Rs 4,00,000 crore will be placed upon the domestic industry within the next five to seven years’. The embargo is to be progressively implemented between 2020 and 2024, thus indicating that by late 2020s, Indian military industry should be ready to undertake further challenging military technology projects and be a part of the global military-industrial universe. … [Read more...] about Before celebrating the import embargo on military items, worth checking the results of the defence offsets
"The company with its inherent financial strength, operational excellence, and diverse product portfolio - cement, financial services, viscose and chemicals - is well poised to withstand temporary disruptions and sustain leadership across its businesses," it said. … [Read more...] about Grasim Industries Q1 net profit down 66.6% to Rs 621 crore
"The outbreak of COVID-19 globally and resultant lockdown in many countries, including from March 25 in India, had an impact on the business of the corporation. Consequently, lower demand for crude oil and petroleum products impacted prices and therefore refining margins globally," the company said in a BSE filing. … [Read more...] about BPCL reports Q1 profit of Rs 2,076 crore, lockdown drags average GRM to $0.39 per barrel
"The scheme which has given a negative 50 percent return is Medium Term Fund with a current corpus of Rs 11 crore. We are in the process of merging the scheme with a near similar mandate based on SEBI approval," DHFL Pramerica Mutual Fund told Moneycontrol in an email response. … [Read more...] about DHFL Crisis: With mutual funds on wait-and-watch for payments, will SEBI step in?