Sunday, Dec 3 2023 | Time 22:05 Hrs(IST)
Business Economy

Small-cap funds grow to Rs 1.82 lakh cr by July end

Mumbai, Sep 11 (UNI) Asset under management (AUM) of small-cap funds in India has grown from Rs 38,820 crore as of May 2020 to Rs 1.82 lakh crore at end of July 2023, while the number of folios (individual investors) have also grown from 52 lakh to 1.16 crore during the same period.
Net inflows in small-cap funds were Rs 4,174 crore in July, accounting for 55 per cent of the total inflows.
Many small- and mid-cap companies are benefiting from themes such as “Make in India” and “China Plus One”.
In Financial Year 2022-26 period, the domestic electronics market is expected to grow at (+) 18 per cent CAGR to USD 225 billion by FY26, fostering a robust growth cycle for the Indian electronics manufacturing services (EMS) sector.
India has set a target of achieving 450GW of renewable energy capacity by 2030, with a significant portion derived from solar sources.
In textiles sector, companies present in home textiles and garmenting are trying to grab the large export opportunity, a press release said here on Monday.
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India will witness explosion of economic growth over next 25 years: Mukesh Ambani

India will witness explosion of economic growth over next 25 years: Mukesh Ambani

02 Dec 2023 | 9:03 PM

Ahmedabad, Dec 2 (UNI) Stating that India will witness an unprecedented explosion of economic growth, Reliance Industries Ltd (RIL) Chairman Mukesh Ambani on Saturday said that the size of
the Indian economy will grow to US$ 40 trillion by 2047 from US$ 3.5 trillion now.

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RSP achieves best April – Nov performances in three key sectors

02 Dec 2023 | 7:51 PM

Bhubaneswar, Dec 2 (UNI) Rourkela Steel Plant (RSP), a unit of the Maharatna Company SAIL, has achieved its best April-November performance in the fiscal year 2023-24.

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Uno Minda to increase land banks for expansion in TN, Pune, North India

02 Dec 2023 | 6:28 PM

Chennai, Dec 2 (UNI) Leading auto component makers and suppliers Unio Minda Limited has chalked out expansion plans, including in Tamil Nadu in South India, and is planning to increase its land bank in this regard in key states.

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New look, changed appearance boost demand for Benzer Paint

02 Dec 2023 | 6:13 PM

Pune, Dec 2 (UNI) A rising star of the paints industry, Benzer Paints has changed its look and has focused on supplying higher quality products in the same price, boosting demand for the company's products.

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Escalating healthcare costs, mental health concerns impacting India Inc: survey

02 Dec 2023 | 5:56 PM

Mumbai, Dec 2 (UNI) A survey conducted by Global Insurance Brokers (GLOBAL) has presented interesting insights into impact of surging healthcare expenses on Corporate India in the post-COVID-19 landscape, revealing that an overwhelming 88 per cent of Corporate India is struggling primarily due to escalating hospital bills.

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