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M&B Engineering plans to raise 650 crore through an IPO, including a fresh issue and offer for sale, to fund expansion and debt repayment. The company, known for its AISC-certified PEB facility and higher margins, will see promoter stake decrease post-IPO.
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News and Media
A study by Motilal Oswal Mutual Fund reveals an interesting insight. The study suggests that Systematic Investment Plans or SIP returns are nearly identical. It does not matter whether investments started at market peaks or bottoms. Investors who began SIPs during high and low market valuations earned similar long-term returns. Pratik Oswal advises against overthinking market timing for SIPs.
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News and Media
India's top private banks saw a slowdown in profit growth. Combined net profit reached 43,641 crore in the June quarter. This is a 2.7% increase, lower than the previous year. Sluggish credit and deposit growth impacted performance. Treasury gains helped support profitability. Some banks like Axis Bank and Kotak Mahindra Bank experienced subdued results.
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News and Media
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