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CNBC TV18

3 sectors that Anand Shah of ICICI Pru AMC bets on

Anand Shah, Head of PMS & AIF Investments at ICICI Pru AMC, manages over $2.5 billion in funds.

CNBC TV18

Envision's Nilesh Shah spotlights these two themes as multi-year trends

Envision expects the aggressive rate cuts by the US Federal Reserve to augur well for markets like India.

Business Standard

Godrej Capital to enter affordable housing loan segment by December

Godrej Capital, the financial services arm of the Godrej Group, is gearing up to enter the affordable housing loan segment by December, with plans to grow its assets under management (AUM) to Rs 17,000 crore by the end of the current financial year, its Managing Director Manish Shah said on Wednesday. The company currently manages an asset base of Rs 13,000 crore, after reaching an AUM of Rs 10,000 crore in FY24. It is now aiming to increase this to Rs 17,000 crore by FY25, with a target of expanding to Rs 30,000 crore by March 2026 and a longer-term goal of achieving Rs 50,000 crore in AUM by March 2028, Shah stated. The company's strategic focus will be on the small and medium enterprises (SME), micro, small, and medium enterprises (MSME), and home loan segments. As part of its expansion, Godrej Capital will make its foray into the affordable housing loan market by the end of the year. "Our focus will be towards smaller loan amounts, aimed at meeting the needs of affordable ...

The Economic Times

India set to be a big semicon player in 10 years: union minister Amit Shah

Union minister Amit Shah was speaking to reporters to mark the completion of 100 days of the third term of the Narendra Modi-led government. He lauded India's progress in the semicon space, pointing to the semiconductor chip manufacturing plant coming up in Sanand, Gujarat.

Business Standard

Govt implements many farmer-friendly policies in first 100 days: Amit Shah

The government has implemented several farmer-friendly policies in its first 100 days of the third term with focus on improving agricultural productivity and exports, Cooperation Minister Amit Shah said on Tuesday. Addressing a press conference on the completion of 100 days of the Modi 3.0 regime, Shah said the government has implemented policies worth Rs 15 lakh crore across 14 sectors. Listing works initiated for the welfare of the farmers, he also said the Modi government has launched the agriculture fund to support startups and rural enterprises, driving agricultural innovation. The minister said the Agriculture Infrastructure Fund has been expanded to enhance agricultural infrastructure and support to farmers, and Rs 14,200 crore has been allocated across seven schemes to improve farmers' lives and livelihoods. The minister highlighted key achievements in the farm sector, including the disbursement of Rs 20,000 crore to 9.3 crore farmers under the Pradhan Mantri Kisan Samman .

Mint

Top Stock Recommendations: Dharmesh Shah of ICICI Securities suggests buying Infosys, and IndusInd Bank tomorrow

Top Stock Recommendations: Dharmesh Shah of ICICI Securities recommends two stocks to buy this week: Infosys and IndusInd Bank.

The Economic Times

Adani Green Energy appoints Surabh Shah as CFO

Adani Green Energy Ltd has announced the appointment of Saurabh Shah as its new Chief Financial Officer, effective October 1, 2024. The current CFO, Phuntsok Wangyal, will step down on September 30, 2024. Additionally, Shaminder Singh Jamwal will become Head of Security from October 1, while Satyajeet Ghoshal transitions to a new role in the CEO's office.

Mint

Adani Green Energy appoints Saurabh Shah as new CFO

Adani Green Energy on Saturday said Deputy Chief Financial Officer Saurabh Shah would assume the role of CFO, replacing Phuntsok Wangyal, who will step down effective Sept 30. 

Business Standard

Govt's focus on increasing exports to ensure fair price to farmers: HM Shah

The Narendra Modi government is increasing exports to ensure fair price to the farmers for their crops so that they can get maximum price for their crops, Union Home Minister Amit Shah said on Saturday. Shah also said that keeping the interests of farmers paramount, the government has taken three important decisions, including removing the minimum export price (MEP) of onions and Basmati rice. "The Modi government has decided to remove the minimum export price (MEP) on onions and reduce the export duty from 40 per cent to 20 per cent. This will increase onion exports, which will increase the income of the onion producing farmers," he wrote on 'X' in Hindi. The home minister said the government has also decided to abolish the MEP on Basmati rice which will enable the farmers producing Basmati rice to earn more profits by exporting it. "Also, the Modi government has decided to increase the import duty on crude palm, soya and sunflower oils from 12.5 per cent to 32.5 per cent and the

Business Standard

Indian filmmaker accuses Netflix of copying his movie for Squid Game series

Filmmaker, Soham Shah, sued Netflix in federal court in New York on Friday, alleging that the show is a blatant rip-off of his Hindi-language film Luck

The Economic Times

Are valuations stretched? Sachin Shah weighs in on smallcap and midcap risks

​Even today, I would not say that there are very frothy valuation at least in the large IT companies, so that is the trade that we are seeing at this point in time in the market. And my sense is that IT should do well. It is one of the large weights in the indices.

CNBC TV18

Market looks exhausted, needs a 5-7% correction, says market strategist

Gautam Shah, Founder & Chief Strategist at Goldilocks Premium Research believes PSU stocks will come under pressure if the indices were to get into a bit of a correction.

Mint

Top Stock Recommendations: Dharmesh Shah of ICICI Securities suggests buying Kajaria Ceramics, and Natco Pharma tomorrow

Top Stock Recommendations: Dharmesh Shah of ICICI Securities has recommended two stocks to buy this week - Kajaria Ceramics, and Natco Pharma.

The Economic Times

F&O Talk| Nifty faces reversal signals and weaker breadth, key support at 24,500-24,400: Sudeep Shah of SBI Securities

The 50 component index Nifty 50 as well Sensex closed nearly 1.2% lower today. The former closed 293 points lower at 24,852 while the latter dipped by 1,017 points to 81,184.

The Economic Times

Dharmesh Shah on 2 top stock recommendation from pharma sector

​I think in the short term they remain to be under pressure, no doubt about that. But we believe I think there is a long way to go for PSU banks. Definitely in the near-term there will be pressure, but yes, from the medium-term perspective one should definitely look for buying opportunity for most of these largecap stocks.

The Economic Times

Deposit problem to ease if govt parks surplus funds with commercial banks instead of RBI, says Kotak MF's Nilesh Shah

Kotak Mutual Fund CEO Nilesh Shah suggests that bank deposits could grow faster if the government parks short-term funds with commercial banks instead of the Reserve Bank of India. Currently, government funds with the RBI earn no interest and do not enter the banking system until spent by the government.

The Economic Times

Virat Kohli was the highest taxpaying sportsperson of FY24. Here's how much he paid

Virat Kohli emerged as the highest tax-paying sportsperson in India for FY24, contributing Rs 66 crore. He ranks fifth among celebrity taxpayers, following Shah Rukh Khan, Vijay, Salman Khan, and Amitabh Bachchan. Other notable sportspersons on the list include Mahendra Singh Dhoni and Sachin Tendulkar.

The Economic Times

2 top stock recommendations from Sudeep Shah

​So, if we just have to come down to a number on Nifty, then yes 25,100 will now be that number that I will be watching out for on the downside as an important support and till this zone is held. Upside up to 25,430, 25,500 cannot be ruled out in the next few sessions.

The Economic Times

'Expect volatility for 12 months, but downside limited': Kotak AMC's Nilesh Shah on stock markets

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The Economic Times

Don’t think 20-30% return is a birthright; time to go long on gold and neutral weight on equity: Nilesh Shah

Nilesh Shah, MD of Kotak AMC, points to India as a promising investment option amidst global instability. He advises investing in long-duration assets and gold, staying neutral on equities with a tilt towards large caps, and expects near-term volatility but long-term growth. Shah warns of moderated returns and the importance of sound asset allocation.

Mint

Top Stock Recommendations: Dharmesh Shah of ICICI Securities suggests buying Infosys, and Deepak Nitrite today

Top Stock Recommendations: Dharmesh Shah of ICICI Securities has recommended two stocks to buy this week - Infosys, and Deepak Nitrite.

Business Standard

Consumption, high food inflation concern for tea industry: FAITTA chief

Sluggish growth in domestic consumption, rising food inflation and slow recovery of exports post the Covid pandemic are some of the challenges faced by the tea industry, a senior official said. Tea producer associations and the Tea Board India have been concerned over the muted demand growth in the country, he said. The remarks came from Sanjay Shah, chairman of the Federation of All India Tea Traders Association (FAITTA), during its 10th annual general meeting here on Saturday evening. As retailers within the FAITTA fold, we are witnessing the market movements from close quarters. It is a fact that loose tea consumption has been giving way to packet tea, Shah said. Rising levels of food inflation also remain a concern area, as it adversely impacts consumption, he said. Given that incomes do not adjust as fast as prices, high inflation in essentials tend to adversely impact demand for non-essentials. Even within essentials, consumers may shift to lower priced non-premium products,

The Economic Times

F&O Talk: IT, pharma technically well placed, may contribute to Nifty’s upmove, says Sudeep Shah of SBI Securities

"In August, Nifty experienced significant volatility, with 12 trading sessions opening either with a major upside or downside gap. Throughout the month, it has fluctuated over a 1,300-point range, underscoring the heightened market volatility. Despite this, the index reached new all-time highs and closed the month above the significant psychological level of 25,200."

The Economic Times

Hurun India Rich List 2024: Gautam Adani tops India’s rich list

​​Film star Shah Rukh Khan made his debut on the Hurun India Rich list with a wealth of Rs 7,300 crore, fuelled by his stakes in Kolkata Knight Riders and Red Chillies Entertainment Juhi Chawla and family (Rs 4,600 crore), Hrithik Roshan (Rs 2,000 crore), Karan Johar (Rs 1,400 crore), and Amitabh Bachchan (Rs 1,600 crore) are among the others from the film industry.

The Economic Times

Need to create balance between tech and human touch in mutual fund space: Nilesh Shah

"I have to create a balance where I am able to cater to both. Not everyone has a smartphone. Everyone is not legitimately smart. There exists both-- India as well as Bharat. My technology should be such that it can work on both sides," Shah, who was participating in a panel discussion at the Global Fintech Fest 2024 here, said.

Business Standard

Cybersecurity issues biggest concern for MFs: Zerodha CEO Nithin Kamath

Nilesh Shah, MD of Kotak Mahindra Asset Management Company, said the industry should leverage technology so that those not so digitally savvy are not excluded and digital frauds are minimised

Mint

Hurun India Rich List 2024: Gautam Adani at #1, billionaire count crosses 300, cumulative wealth & more

Hurun India Rich List 2024: Gautam Adani at #1 ahead of Mukesh Ambani, India's total billionaire count has crossed 300, cumulative wealth is at ₹159 lakh crore, and Shah Rukh Khan has made it to the list for the first time. We bring you the details.

The Economic Times

2024 Hurun List: Shah Rukh Khan, Juhi Chawla among Bollywood's wealthiest

Bollywood stars shine as key wealth creators in the 2024 Hurun India Rich List. Bollywood icon Shah Rukh Khan, revered as the 'King of the Indian Entertainment Industry,' makes his first appearance on the 2024 Hurun India Rich List.

Hindustan Times

Shah Rukh Khan debuts on Hurun India list with a net worth of ₹7,300 crore

Shah Rukh Khan surpasses Juhi Chawla, Hrithik Roshan, Amitabh Bachchan, and Karan Johar in Hurun India Rich List.

The Economic Times

Shah Rukh Khan makes his debut on Hurun India Rich List: See how much wealth Bollywood's Badshah has

Shah Rukh Khan on Hurun Rich list 2024: Bollywood superstar Shah Rukh Khan has debuted on the 2024 Hurun India Rich List with an estimated wealth of Rs 7,300 crore. At 58, his financial success stems from stakes in Kolkata Knight Riders and Red Chillies Entertainment, indicating his substantial achievements beyond acting.

CNBC TV18

CNBC-TV18 Morning Call: US markets await Nvidia results, NSE seeks SEBI NOC for IPO and more

From Jay Shah becoming the Youngest ICC chairman to investors being in wait-and-watch mode, catch all the latest global and local updates on CNBC-TV18 morning call.

Business Standard

Alberta investment, HDFC Life to invest Rs 667 cr in India Grid Trust

India Grid Trust on Tuesday said Alberta Investment Management Corporation and HDFC Life will invest Rs 567 crore and Rs 100 crore, respectively, in it. According to a statement, India Grid Trust (IndiGrid) announced the launch of its preferential issue process to raise Rs 695 crore following the successful conclusion of the offer-for-sale (OFS). IndiGrid on Tuesday launched its preferential issue process to raise Rs 695 crore through primary issuance of units for Rs 136.43 /unit, it added. IndiGrid has received investment commitments from Alberta Investment Management Corporation (AIMCo), one of Canada's largest and most diversified institutional investment managers, and HDFC Life for an investment of Rs 567 crore and Rs 100 crore, respectively, with a balance committed by other investors. Ambit Capital and SBI Caps are running a preferential issue process on IndiGrid's behalf. Harsh Shah, Chief Executive Officer IndiGrid, said, "We are also delighted to welcome AIMCo and HDFC Li

The Economic Times

Kangana Ranaut buys office property in Mumbai’s Andheri west

Bollywood actress Kangana Ranaut has bought an office property in Mumbai’s Andheri for over Rs 1.56 crore. The purchase involves a 407 sq ft space in a commercial project. Other Bollywood figures like Amitabh Bachchan and Shah Rukh Khan have also made significant real estate investments.

Business Standard

Home Minister Shah receives Rs 19.08 crore dividend from Repco Bank

A cheque for Rs 19.08 crore was received by Union Home Minister Amit Shah on Thursday as dividend of the Repco Bank, a Government of India enterprise functioning under the administrative control of the Ministry of Home Affairs. Shah congratulated the Repco Bank on achieving the remarkable feat of registering a stellar 11-per cent growth rate in the financial year 2023-24. "Today, on behalf of the MHA, received a cheque for Rs 19.08 crore from the Chairman of Repco Bank, Shri E Santhanam, and the Managing Director, Shri O M Gokul, as a dividend on the Government of India's share capital. The bank, under the administrative jurisdiction of the MHA, has proven what commitment to serving the nation can achieve," the home minister said in a post on X.

The Economic Times

Sony appoints new heads for Hindi entertainment, movie channels

Sony Pictures Networks India (SPNI) announced leadership changes for its Hindi entertainment and movie channels. Nachiket Pantvaidya returns to helm Sony Entertainment Television, Ajay Bhalwankar will lead Sony SAB, while Tushar Shah takes charge of Sony MAX and other channels. This restructuring follows Neeraj Vyas's exit and aims to drive growth and profitability.

Business Standard

Patient influx, test volumes raise Metropolis Healthcare's profit by 31%

Commenting on the results, Ameera Shah, Executive Chairperson and Whole-time Director, Metropolis Healthcare, said that the company has consistently achieved high growth in patient volume

The Economic Times

20% ethanol blending by 2025-26, says Amit Shah

Union Home Minister Amit Shah announced that the Modi government aims to achieve 20% ethanol blending in petrol by 2025-26, ahead of the 2030 target. Speaking at the Sugar Industry Symposium, Shah highlighted that ethanol blending has reduced crude oil imports, improved the environment, and increased profits for sugar mills. He noted that around 1,000 crore liters of ethanol will be needed from the 5,000 crore liters of petrol sold, with progress monitored by the Prime Minister through quarterly reviews.

Business Standard

Amit Shah urges sugar mills to diversify ethanol, biofuel production

Cooperation Minister Amit Shah on Saturday called on sugar mills to explore alternatives to sugarcane for ethanol production, pushing for a multi-dimensional approach to biofuel manufacturing. Speaking at an event organized by the National Federation of Cooperative Sugar Factories (NFCSF), Shah said India would achieve its 20 per cent ethanol blending target by 2025-26, ahead of the original 2030 deadline. The minister highlighted that the government's ethanol blending programme has helped reduce the country's crude oil import bill and address environmental concerns. "You need to be futuristic and look at opportunities and expand. Ethanol can be made from multiple sources," Shah said, urging cooperative sugar mills to shed their "orthodox" approach and explore alternative feedstocks such as maize and bamboo. Shah said about 1,000 crore litres of ethanol is required for blending, and the necessary infrastructure to achieve this target is in place. He emphasised the need for sugar m

The Economic Times

Cooperation Minister Amit Shah urges sugar mills to diversify ethanol feedstock

Amit Shah called on sugar mills to seek alternatives to sugarcane for producing ethanol, aiming to achieve 20% ethanol blending by 2025-26. Speaking at an NFCSF event, he noted that the ethanol blending program has reduced crude oil imports and environmental impact. Shah urged adopting diverse sources for ethanol to foster sustainable energy.

The Economic Times

F&O Talk| Nifty still outperforming global peers, eyes key 24,700 level for breakout: Sudeep Shah of SBI Securities

The second half of the week was volatile and a fresh buying emerged towards the latter part of the week, primarily on Friday.