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US firm Vanguard Group made Rs 1,294 crore investment in 10 stocks, in single day; do you own any?

The Vanguard Group Inc, the US-based investment management company, invested nearly Rs 1,300 crore in a single day on March 15 when the Nifty50 closed at fresh six-month high. The investment firm through its Vanguard Emerging Markets Stock Index bought equity stake in 10 Indian companies through open market transactions. As per the bulk deal data published on National Stock Exchange, 10 stocks where the firm purchased equity shares are Aarti Industries, Bata India, Castrol India, DCB Bank, NIIT Technologies, RBL Bank, TeamLease Services, TTK Prestige and V-Guard Industries. Vanguard Emerging Markets Stock Index bought shares worth Rs 1,294 crore,…

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Fake investment firm cons youth of Rs 3.35 lakh with big returns vow

Representative Image LUCKNOW: An aspirant for Provincial Civil Services-Judiciary (PCS-J) has been duped of Rs 3.35 lakh in the name of an investment scheme. The victim, Sachin Tiwari, a resident of Manaknagar, lodged an FIR on Saturday. Sachin told the police that he read an advertisement of a lucrative investment scheme on a dating website in December last year. “I provided my details and phone number on the website. On December 1, I received a call from Komal who claimed being an employee of ‘Real dating Group’ and explained me various investment plans,” Sachin…

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Godrej Appliances lines up Rs 500 crore investment

KOLKATA: India’s largest home grown white goods maker, Godrej Appliances plans to invest Rs 500 crore over the next three years to expand capacity and set up a new plant in Pune in a move aimed at completely localising its production process right till the component level. The company’s business head Kamal Nandi said the proposed investment will be to start local manufacturing of front-load washing machines, hi-end frost free refrigerators and air-conditioners, and their components which are currently largely imported. Godrej Appliances last investment was three years back to…

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‘Investment in 8-10 stocks should be good enough if your budget is between Rs 2-5 lakh’

For most people, financial decisions pertaining to investing, buying insurance or taking loans are erratic, rather than an informed and planned process. This means that they have innumerable stocks and dozens of mutual funds without taking into consideration, the impact on their financial goals. In this article, I am going to highlight some of the asset classes to help you determine the optimum mix and how much is too much per investment instrument. Mutual Funds: Most of the people are often confused as to how they should segregate their funds….

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Investment in 17 entities under shipping ministry hiked to Rs 5,778 crore for FY’20

The government has increased the proposed investment in 17 enterprises under the shipping ministry to Rs 5,778 crore for 2019-20 in order to boost the ‘blue economy’. The estimated investment in these enterprises that include 12 major ports is Rs 5,548.12 crore in 2018-19, according to the revised numbers in the recent budget document. The government had proposed an investment of Rs 5,079.80 crore in the Budget for 2018-19. Aspiring to be a $10 trillion economy in the next eight years, the government plans to harness India’s long 7,500-km coastline…

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Vivo to Invest Rs. 4,000 Crores for New Mobile Phone Plant in India

Chinese smartphone maker Vivo on Thursday announced an additional investment of Rs. 4,000 crore for over a period of four years towards opening a new manufacturing plant on the Yamuna Expressway in Uttar Pradesh that will generate 5,000 jobs in its first phase of expansion. The new 169-acre land has been acquired near the existing 50-acre manufacturing facility that will help expand Vivo’s manufacturing capabilities and support its continued growth in the country, the company said in a statement. The Rs. 4,000-crore investment, which does not include the cost of…

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