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The fund's month-end assets under management increased to Rs 35,876 crore in April 2023, from Rs 21,765 crore in May 2020

Nissan

Japanese automaker Nissan reported Thursday a seven-fold surge in January-March profit and forecast strong sales for this fiscal year riding on the popularity of its new model offerings.
Nissan Motor Co.'s net profit for the fiscal fourth quarter totalled 106.9 billion yen (USD 798 million), up dramatically from 14.2 billion yen a year ago.
Quarterly sales jumped 36 per cent to 3.097 trillion yen (USD 23 billion), amid an easing of the supply shortage of computer chips and other parts, which had been caused by social restrictions related to the coronavirus pandemic.
Chief Executive Makoto Uchida told reporters the automaker was preparing all-solid-state batteries for its electric models, as the world makes a rapid shift toward green zero-emissions technology.
He acknowledged serious challenges remained but promised to boost Nissan's profitability, especially in key markets like China.
A midterm plan will be outlined later this year to transform Nissan into a truly healthy and ...

bse, bombay stock exchange, stock market, markets

Small stocks have lagged behind the equity benchmark Sensex in 2022-23, falling nearly 6 per cent amid a host of negative factors like higher interest rate regime, high inflation and the Russian-Ukraine war.
According to market analysts, it was a tumultuous year for the Indian equity market.
The Russian-Ukraine war made the first quarter of the Indian equity market particularly difficult, but the second and third quarters witnessed a respectable rebound, they noted.
Headwinds such as high inflation, the Russia-Ukraine war and higher interest rates hit investors' appetite for small stocks.
With just one day of trading left in the current fiscal, the BSE smallcap gauge has fallen by 1,616.93 points or 5.73 per cent so far in 2022-23. The midcap index is down 270.29 points or 1.12 per cent in the 2022-23 financial year.
In comparison, the BSE Sensex has declined 608.42 points or 1.03 per cent.
"Many factors contributed to the underperformance of the Indian stock market in FY23. The

Intel Xeon Scalable Processor

Intel launched Xeon W-3400 and Xeon W-2400 workstation processors, which are built for professional creators to provide massive performance for media and entertainment and data science professionals.

Sundar Pichai, CEO, Google and Alphabet

Business Standard brings you the top headlines at this hour

Photo: Bloomberg

Starting Jan. 27, stocks from Reliance Industries Ltd. to Tata Consultancy Services Ltd. and Adani Enterprises Ltd will be settled on a 'trade-plus-one-day' timeline versus the earlier two-day process

US chip sanctions on China should be a wake-up call for India to quickly scale up and boost its capabilities in this critical arena

graph

Chips of smaller nodes are faster and more profitable, but their factories can cost as much as a nuclear power plant

CHIPS Act is a win for a cabal of US chipmakers and foreign companies, but largely ignores the nation's true semiconductor leaders who have been propping up the domestic sector for two decades

Illustration

It can be noted that very few developers like Macrotech Developers formerly Lodha, and DLF are listed on the bourses

The addition to MSCI's indices has sent Riyadh stocks into a bull market and brought record fund inflows

While the global index provider hasn't added or deleted any Indian stocks, it has reduced weights of bluechip firms RIL, Infosys and HDFC

unlike in blue-chip stocks, one has to be extremely careful while picking the small and mid-cap names

On a year-to-date (YTD) basis, the small-cap and mid-cap indices have gained 18 per cent and 20 per cent, respectively

chart

All these counters witnessed aggressive buying for foreign portfolio investors

Chipmaking, Chips, Chip makers

A level playing field for new entrants is opening up

loans, aum, assets, banks, investment, shares, stocks, funds

Sundaram Bluechip Fund is an open-ended equity scheme predominantly investing in large cap blue chip stocks

Shree Cement pips Dabur and Godrej Consumer to replace Yes Bank in Nifty

Change effective March 27; NSE also moves Vodafone Idea, Indiabulls Housing Finance out of Nifty Next 50, brings in Torrent Pharma, Adani Transmission

Among the top 10 firms, TCS was the worst hit as its m- cap slumped Rs 11,408.78 crore to Rs 4,87,119.34 crore

RBI imposes penalty on SBI, Indian Bank, Punjab & Sind Bank

The scheme will offer an annual interest subsidy of between 3-6.5% on up to 0.9 million rupees of the loan amount

home loan, loan interest

Das asserted that directors in UCBs, who are elected to their positions, must possess expertise in diverse banking functions, including risk management and information technology

Shaktikanta Das

In Feb 2018, the MoD established two defence industrial corridors to serve as engines of economic development and growth of defence industrial base in the country

An exhibit of Su 30 MK-I fighter aircraft at the Bharat Dynamics Limited (BDL) pavillion during the 12th edition of DefExpo, in Gandhinagar on Tuesday

Defence Expo 2022

Weak demand, global slowdown add to their woes

Crude oil

Tata Projects on Saturday announced its collaboration with Micron Technology to construct an advanced semiconductor assembly and test plant in Sanand, Gujarat.
The company in a statement said the contract awarded to Tata Projects solidifies the company's proficiency in large-scale, sustainable infrastructure development in the Indian manufacturing landscape.
According to the statement, situated in the Gujarat Industrial Development Corporation area of Chaarodi, Sanand, the project spans an expansive 93 acres of land.
"This enduring project is a significant milestone and the largest investment under the India Semiconductor Mission (ISM)," the statement said, adding that the construction of Phase 1 will include a 500,000 square feet cleanroom space, scheduled to be operational by late 2024.
The statement said the project encompasses the design and construction of a first-of-its-kind DRAM (dynamic random access memory) and NAND (non-volatile flash memory) assembly and test facility in

tata, tata group

Protests were held across Pakistan against the rise in the power tariff and the inclusion of excessive taxes in the electricity bills

New electricity tariff rules

If one imagines 'Ram Rajya', it should have good and free education and healthcare for all, Chief Minister Arvind Kejriwal said on Saturday.
Addressing a gathering at an event here, he also said that everybody should have access to good education and healthcare and the AAP-led Delhi government is trying to work in that direction.
He inaugurated a new OPD building of the Delhi government-run Aruna Asaf Ali Hospital on Saturday and also interacted with the patients there.
Healthcare and education are the focus areas of the Delhi government and expansion is going on in a major way, he said, adding that there are currently around 10,000 beds at all city government-run hospitals put together.
Eleven new hospitals are being built and the infrastructure of old facilities is being upgraded, he said, adding 16,000 new beds will be added.
Referring to the upcoming Dusshera and Diwali festivals, the Delhi chief minister said, "We worship Lord Ram."
"'Ram Rajya' is being spoken of. I cannot 

Arvind Kejriwal

Prime Minister Narendra Modi will on Sunday flag off nine Vande Bharat trains connecting religious and tourist destinations across 11 states.
The nine trains will provide faster connectivity across 11 states -- Rajasthan, Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Bihar, West Bengal, Kerala, Odisha, Jharkhand and Gujarat.
The Prime Minister will flag off the trains through video conferencing.
The new Vande Bharat trains will run between: Udaipur  Jaipur; Tirunelveli-Madurai- Chennai; Hyderabad Bengaluru; Vijayawada  Chennai (via Renigunta); Patna  Howrah; Kasaragod - Thiruvananthapuram; Rourkela - Bhubaneswar  Puri; Ranchi  Howrah; and Jamnagar-Ahmedabad.
These trains are a step towards realising Prime Minister's vision of improving connectivity across the country and providing world class facilities to rail passengers, an official statement said.
"The Vande Bharat trains will be the fastest train along the routes of their operation and will help save considerable time of t

PM Modi, Narendra Modi

A Kashmir-based Sikh body on Saturday said the India-Canada row was "a political gimmick" by the establishment to garner votes in the elections and that the community was an integral part of the country.
"Everything is politically exploited. Sikhs are an integral part of this country. Since RSS came into power, the only agenda it has is that they will talk about 'gharwapsi' whether it be in Muslims, Sikhs or anybody. We are not going to tolerate it," All Parties Sikh Coordination Committee Chairman Jagmohan Singh Raina told reporters here.
"The India-Canada situation is a political gimmick as elections are coming up. It is to garner votes during elections and nothing else. The community is progressive, it is working hard for the country and it will continue working like that," he said.
He alleged that the Khalistan issue was a narrative, built on lines of Kashmir issue for political mileage. "A political scenario has been created like for Kashmir, Pakistan scenario has been formed a

India Canada

International credit agency Moody's Investors Service has made sweeping assertions against Aadhaar without citing any evidence, the Unique Identification Authority of India (UIDAI) said on Monday.
The UIDAI issued a strong rebuttal to Moody's Investors Service which claimed that the Aadhaar system often results in service denials and the reliability of biometric technologies, especially for manual labourers, in hot and humid climates is questionable.
"A certain investor service has, without citing any evidence or basis, made sweeping assertions against Aadhaar, the most trusted digital ID in the world. Over the last decade, over a billion Indians have expressed their trust in Aadhaar by using it to authenticate themselves over 100 billion times," the UIDAI said in a statement.
The unique id Aadhaar's custodian said that the report in question does not cite either primary or secondary data or research in support of the opinions presented in it.
"The investor service did not make any

Adhaar, UIDAI

The Nijjar murder is fast unfolding into treacherous scenarios that could have tragic consequences for both nations. No one stands to gain from the ongoing face-off

India's rage is misplaced and hardly serves to endear the country to those appalled by the idea that it may have had a Canadian citizen killed

The leaders of both countries should encourage bilateral trade and people-to-people exchanges that can help build bridges

Canada has updated travel advisory for its citizens in India asking them to "stay vigilant and exercise caution" in the context of recent developments as there are calls for protests and some "negative sentiment" towards Canada on social media.
Tensions flared between India and Canada following Canadian Prime Minister Justin Trudeau's explosive allegations of a "potential" involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar, 45, on his country's soil on June 18 in British Columbia. India had designated Nijjar as a terrorist in 2020.
India angrily rejected the allegations as "absurd" and "motivated" and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case.
"In the context of recent developments in Canada and in India, there are calls for protests and some negative sentiment towards Canada on social media. Please remain vigilant and exercise caution," the Canadian government said in an

Alleged details related to the upcoming Google Pixel 8 series has surfaced on the web, revealing key information about the duo of the smartphone that are slated to launch on October 4

Google Pixel 7 series

Ashish Mishra, the son of Union Minister Ajay Mishra, moved Supreme Court challenging Allahabad High Court which denied bail to him in connection with the Lakhimpur Kheri violence case

Supreme Court, Manipur violence

ICMAI CMA Result 2023 has been released today, September 26, 2023. Alongside the ICMAI CMA July Session result, the Institute will announce the CMA pass rate at icmai.in

ICMAI CMA Result 2023

Civil Aviation Minister Jyotiraditya Scindia on Tuesday said dreaming has become a habit of the Congress and the people of Madhya Pradesh will decide in the next 60 days who is nervous in the elections.
The ruling Bharatiya Janata Party (BJP) on Monday released its second list of 39 candidates for the Madhya Pradesh assembly polls due this year-end, fielding seven Lok Sabha members including Union ministers Narendra Singh Tomar, Prahlad Singh Patel and Faggan Singh Kulaste.
It also fielded BJP general secretary Kailash Vijayvargiya.
The election schedule is yet to be announced.
With the second list, the BJP has named its candidates for 78 out of the total 230 assembly seats in MP.
The Congress claims the BJP has fielded its senior leaders because it is scared of defeat.
Asked about it, Scindia told reporters here, The people of the state will decide in the next 60 days who is nervous in the elections. Dreaming has become a habit of the Congress. The prime minister has already giv

Dreaming has become habit of Congress: Jyotiraditya Scindia

Jyotiraditya Scindia

Shah Rukh Khan's Dunki will clash with Prabhas's Salaar this Christmas. SRK's last two movies were blockbusters, and this movie is also expected to do good

Bluechip companies

ICICI Prudential Bluechip Fund: Consistent in outperformance and holdings

Nissan reports surging profit amid strong sales, easing chip crunch

Small stocks lag behind in FY23, take bigger hit than bluechip firms

Intel launches new Xeon workstation processors for professional creators

Top Headlines: India in green bond mkt, Pichai says job cuts avoided worse

India bluechips to shift to world's fastest settlement cycle T+1 this week

The integrated circuit wars

Companies divided over the size of chips they plan to make in India

Will $52 bn move the US to within striking distance of Asian chip giants?

Realty firms afflicted with low returns shouldn't get listed: Jhunjhunwala

MSCI rejig could trigger $160 mn outflows from domestic markets: Edelweiss

Planning to buy mid, small-caps? Here's how to choose the winners

Equity mutual funds sell bluechip financial firms aggressively in Nov

Having missed the bus earlier, chip-making opportunity awaits India

Sundaram Mutual's bluechip fund NFO mobilises over Rs 650 cr despite Covid

Shree Cement pips Dabur and Godrej Consumer to replace Yes Bank in Nifty

Nine of top 10 bluechip cos lose Rs 47,932 cr in market cap