Top headlines: Wipro fires 452 freshers, Sodhi's exit from Amul and more

Business Standard brings you the top headlines at this hour

Over 70% of PMS plans, investment vehicle for the wealthy, lagged in 2022

Seven of 10 schemes, or 154 of the 212 schemes, underperformed the market among a segment of investment vehicles aimed at the wealthy.

Only 27.4 per cent of portfolio management service (PMS) providers delivered higher returns than their respective benchmarks, shows an analysis by Business Standard of data from tracker PMS Bazaar. PMS investments have a minimum ticket size of Rs 50 lakh, and the industry manages over Rs 2.4 trillion worth of equity assets, besides an additional Rs 21 trillion in debt. Read