Posts

HSBC Midcap Fund completes 22 years, delivers 23.17% CAGR in 3 years

By -
The fund has generated 18.92% CAGR since inception   HSBC Midcap Fund, which was launched in August 2004, has completed 22 years. The scheme has generated 18.92% CAGR since inception (August 9, 2004). If someone invested a lumpsum of Rs. 1,00,000 in the scheme when it was launched, the investment would have been worth Rs. 45,15,130 as on July 31, 2026. The investment objective of the scheme is to provide long term capital appreciation by predominantly investing in mid-cap stocks. The scheme follows a disciplined, bottom-up approach focused on identifying quality businesses with sustainable earnings and long-term growth potential. Over the past 1 year, the scheme has delivered 17.83% returns. Over the past 3 years, 5 years and 10 years, the scheme has delivered 23.17%, 17.71% and 16.44% CAGR returns, respectively, as on July 31, 2026. If a monthly SIP would have been made in the scheme of Rs. 10,000 since inception (Rs. 26.40 Lakhs invested), it would be worth Rs. 2,43,53,173 Crores...
Post a Comment
Read more

DP WORLD AND WORLD FOOD PROGRAMME DELIVER 5,000 TONNES OF RICE TO COMMUNITIES IN AFRICA

By -
Image
The pro-bono arrangement covering part of the ocean freight costs from India to East Africa will support WFP humanitarian response operations in Burundi, the Democratic Republic of Congo, and Rwanda, where millions face acute food insecurity   Mumba, India- 19 August 2026: DP World and the United Nations World Food Programme (WFP) have delivered 5,000 metric tonnes of rice to support humanitarian response operations in Burundi, the Democratic Republic of Congo, and Rwanda, helping vulnerable communities facing acute food insecurity. The shipments demonstrate how the two organisations are working together to strengthen humanitarian supply chains and improve access to essential food supplies in high-need communities. The consignments were delivered through DP World’s Shipping Solutions business (formerly Unifeeder), transporting essential food supplies from DP World’s Mundra Terminal, India, to its Port of Dar es Salaam, Tanzania. The cargo will support WFP’s ongoing emergency food ...
Post a Comment
Read more

Textile Minister, Vrunda Desai Champion ‘Freedom from Unused Garments’ as ReFiber calls for Nationwide Garment Collection Drive

By -
Image
ReFiber, powered by OterRi, brings together Tisser Artisan Trust, CMAI, UNIDO and Lions International for an Independence Day textile circularity initiative Mumbai, August 17, 2026: As India marks 80 years of Independence, ReFiber, powered by OterRi, launched its nationwide ‘Freedom from Unused Garments’ post-consumer textile collection drive at an online stakeholder meet, with Ms. Vrunda Desai, Textile Commissioner, Ministry of Textiles, Government of India, as the Chief Guest. The initiative calls for greater awareness around conscious consumption, textile waste and circularity. The initiative brings together ReFiber, powered by OterRi, Tisser Artisan Trust, CMAI, UNIDO and Lions International to create accessible pathways for the collection, recovery, reuse and upcycling of unused garments. Ms. Vrunda Desai, Textile Commissioner, Ministry of Textiles, Government of India, highlighted a different dimension of freedom, saying, “Freedom from wasteful consumption, resource inefficiency ...
Post a Comment
Read more

New Delhi-based India Exposition Mart Ltd files DRHP for IPO

By -
Image
New Delhi-based India Exposition Mart Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO). The IPO, with a face value of Rs 5 per equity share, comprises a fresh issue of up to 7,500,000 equity shares and an offer-for-sale (OFS) of up to 23,000,000 equity shares. Individual selling shareholder includes Rakesh Kumar Sharma, Ravinder Kumar Passi and Meenakshi Passi, Vivek Vikas and Asha Ahlawat, Dinesh Kumar Aggarwal, Navratan Samdaria, Asha Goel, Esh Sharma, and Raj Kumar Malhotra. Corporate selling shareholder includes Vectra Investments Private Limited, and MIL Vehicles & Technologies Private Limited.  The proceeds from its fresh issuance worth Rs 63.8 crore will be utilized for funding capital expenditure requirements of the company for upgradation of air handling units, chillers, cooling towers, lifts and escalators, variable frequency drives and other ancillary works at India ...
Post a Comment
Read more

Lalithaa Jewellery Mart Limited's IPO subscribed 3.07 times on Day 2

By -
Non-institutional investors portion subscribed 6.46 times on Day 2 Issue closes on Wednesday, August 19, 2026, for bidding August 18, Mumbai: The Initial Public Offering of Lalithaa Jewellery Mart Limited was subscribed 3.07 times on the second day of bidding, demonstrating strong demand from retail, qualified institutional buyers (QIB) and non-institutional investors for this IPO. The issue received bids of 19,25,66,944 equity shares against the offered 6,27,61,403 equity shares, according to data available on the stock exchanges. Retail Portion and Non-institutional portion were subscribed 2.78 times and 6.46 times respectively. Qualified Institutional Buyers (QIB) was subscribed 1.02 times whereas employee reserved portion was subscribed 3.09 times. The issue kicked off for subscription on Monday, August 17, 2026, and will close for subscription on Wednesday, August 19, 2026. Brokerage houses recommend company Leading brokerage firms like Adroit Financial, BP Wealth, GEPL Capital, ...
Post a Comment
Read more

Crompton Unveils Its New Master Brand Identity and Expands its Branded Platforms to Accelerate its Premiumization Journey

By -
Image
The transformation introduces a new visual and sonic identity and tagline for Crompton. It also launches super-premium brand: Crompton Rhion, alongside strengthening Energion   Mumbai, 18 August 2026 : Crompton Greaves Consumer Electricals Ltd., one of India's leading consumer electrical companies, today unveiled its new Master Brand identity, marking the next chapter of Crompton 2.0; the company's strategic transformation into an innovation-led consumer-centric business. Over the last decade, Crompton has strategically expanded beyond its core categories through sustained investments in technology and product innovation. The new brand identity reflects this business evolution, creating a unified platform while supporting the company's next phase of innovation, premiumisation and long-term growth. At the heart of Crompton's refreshed identity is “Cephyr” (pronounced SAF-FYR), the Crompton Greaves Consumer Electricals Ltd.’s new emblem and primary visual expression. The ...
Post a Comment
Read more

Goa Steps Up ‘Vocal for Local’ Drive Under Swayampurna Goa, Puts Farmers and Local Enterprises in Focus

By -
Image
“Goa Must Grow Local, Make Local, Buy Local and Sell Local,” Says CM Dr. Pramod Sawant Mumbai, 17th August, 2026: Goa has stepped up its ‘Vocal for Local’ drive under the Swayampurna Goa initiative. The Department of Agriculture has launched a 90 day programme to promote local agricultural products and support agri entrepreneurs. The initiative aims to create greater market opportunities for farmers and local enterprises. The programme builds on the message “When Goa Chooses Local, Goa Grows.” Over the next 90 days, farmers, agricultural institutions, agri-entrepreneurs and other stakeholders will come together to promote local products. The programme will focus on production, processing, value addition, branding and marketing, with an exhibition showcasing agricultural products and initiatives as part of the campaign. Addressing the gathering, Chief Minister Dr. Pramod Sawant said the campaign is an important step towards giving greater recognition to products grown and made in Goa. ...
Post a Comment
Read more