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If the deal goes through, Tata AMC and UTI AMC's combined entity could become the fourth-largest asset manager in India
Since valuations are higher in this space, a 7-yr horizon with 10% capital outlay can be looked at
According to reports, Tata AMC plans to acquire the shares held by four public sector undertakings (PSUs) in the fund house that manages assets worth Rs 2.24 trillion
ICICI Bank, LIC Housing Finance, UTI Asset Management Company, and Care Ratings shares are brokerage house Centrum Broking's 'top picks' for the current quarter.
He says, the rate cycle seems to have bottomed out but RBI may not change its accommodative stance anytime soon
The deal will give it over 51 per cent stake in the trustee even as the stake of three public sector shareholders will fall to under 10 per cent in UTI Trustee Company
All that happened in the markets today
Cinema and leisure related stocks are expected to trade actively today after the central government announced Unlock 5.0 guidelines
His former colleagues say that he is a patient listener and participant, even if he does not agree with the views.
Subramaniam says cheap valuations and easy monetary policy will set the tone for attractive long-term returns
Details of the offering could change as the deliberations are ongoing
The Bombay High Court on Thursday admitted a writ petition by T Rowe Price and set the next hearing for Monday -- the day Puri's five-year term comes to an end
US-based asset manager said lack of timely action from Indian authorities, while 'conflicted' shareholders ignore directions of UTI Trustee Board, reason to move court
He is the new Group President and head of equities at UTI Asset Management