Nippon

The Japanese company's previous merger agreement with US Steel, blocked by the administration of former President Joe Biden, will serve as a starting point for discussions, Prez Imai said

Invesco Mutual Fund on Thursday announced the launch of Invesco India Business Cycle Fund, a scheme that will invest in equities with a focus on riding business cycles through dynamic allocation

Nippon Life India Asset Management (NAM India) on Thursday reported a 4 per cent increase in profit after tax to Rs 295.4 crore for three months ended December 2024. The company had a profit after tax (PAT) of Rs 284.3 crore in the year-ago period, NAM India said in a regulatory filing. Revenue from operations rose by 39 per cent to Rs 587.9 crore during the period under review from Rs 423.3 crore for the third quarter ended December 31, 2023. "We witnessed a continued increase in overall market share with key positives being net sales and SIP (Systematic Investment Plan) market share remaining above equity market share as well as an increase in SIP flows despite adverse market movements. "We are humbled to have the trust of 20 million unique investors, i.e. over 1 in every 3 mutual fund investors, highest in the industry," Sundeep Sikka, ED & CEO of NAM India, said. As of December 2024, NAM India has assets under management of Rs 6.56 lakh crore, including Nippon India Mutual ...

The firm aims to be the partner of choice for global investors seeking exposure to India and for Indian investors looking for global solutions

Second lawsuit is against Cleveland-Cliffs, its CEO Lourenco Goncalves, and USW union President David McCall "for their illegal and coordinated actions" aimed at preventing the deal

statement comes after shares of US Steel tumbled more than 10 per cent on Tuesday afternoon following a Bloomberg report suggesting the deal would be killed in short order

Spark Private Wealth Management (PWM) on Thursday said its assets under management (including advisory) has crossed the Rs 25,000 crore mark

President Joe Biden told Indo-Pacific allies on Saturday that he believes China's increasing military assertiveness is an effort to test the region at a turbulent moment for Beijing. Biden's comments were caught by a hot mic after he and fellow leaders of the Quad delivered opening remarks before the press at a summit he's hosting near his hometown of Wilmington, Delaware. He said his administration sees Beijing's actions as a change in tactic, not a change in strategy. China continues to struggle to pull up its economy that was pummelled by the coronavirus pandemic and has seen an extended slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand. At least from our perspective, we believe Xi Jinping is looking to focus on domestic economic challenges and minimize the turbulence in China's diplomatic relationships, and he's also looking to buy himself some diplomatic space, in my view, to aggressively pursue China's ...

The Japanese company's debt-to-equity ratio is expected to increase to 0.9 from 0.5 as a result of the US Steel deal which both companies target to close by the end of December

Robust CFIUS reviews take 90 days but it is common for companies to withdraw their filings and resubmit them to give them more time to address the panel's concerns

Among listed AMCs, in Q1FY25, Nippon AMC recorded the highest growth of 54 per cent Y-o-Y while ABSL AMC saw least growth at 19 per cent

As of June 2024, the fund's assets under management totalled Rs 56,469 crore, up from Rs 15,353 crore in June 2021

Momentum refers to the tendency of stocks that have performed well in the recent past to continue performing well in the future.

The Committee on Foreign Investment said in its 17-page letter sent to Nippon Steel and US Steel, that decisions by Nippon could lead to a reduction in domestic steel production capacity

At present, there is only one active momentum fund, that of Samco MF. Most other fund houses have momentum factor-based funds on the passive side

Folio growth powered by stellar performance and strategic distribution

As of June 2024, the fund's assets under management stood at Rs 3,247 crore, up from Rs 2,019 crore in June 2022

Fund allocates equal weight to each stock within portfolio, mitigating the concentration risk

Sebi allows AMCs to pay expenses of very small value but high volume out of the AMC's books up to a maximum of 2 basis points of the respective scheme's assets under management

Nippon Steel has been looking to end cooperation with Baoshan, a subsidiary of state-owned China Baowu Steel Group, the world's largest steelmaker for about two years