News Overview

Helios Mutual Fund is launching NFO under its “Debt Scheme – Hybrid asset allocation”, named as Helios Balanced Advantage Fund. The scheme aims to capitalize on the potential upside of equities while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives.

The signed MoU is expected to enhance efficiency and facilitate rapid progress in the shared project by leveraging the collective strengths of GAIL, ONGC, and SEI.

The much-anticipated listing date for the JG Chemicals IPO is set for Wednesday, March 13.

Varun Beverages Ltd.'s founder and non-executive chairman Ravi Jaipuria informed shareholders that the company is bolstering its chilling infrastructure and distribution network, both of which are critical to enhancing presence in the current and underpenetrated markets.

The agreements with RUVITL are for a duration of 25 years, securing the supply of a cumulative 600 MW Solar Power.

Gangwal was reportedly thinking about selling a 5.8% interest, according to a later CNBC-TV18 story.

The 20.76% yoy growth in mutual fund folios in February 2024, is the best show in the last one year.

Recovery in volumes post destocking for beverage cans, fall in energy costs and strength in auto sheets have driven steady uptick in Ebitda/t and Q4 is expected at long time guidance of US$525/t.

GMs in Q2-Q3FY24 were favourably impacted by mix and input prices while CPCB4+ was not margin dilutive, reinforcing its targeted GM range of 34-35%. KKC guides operating leverage to be a larger driver of OPM over the medium-term given rated capacity utilisation of 65% levels (90% of manned capacity).

Sheetal Agarwal of IIFL in conversation with management of the IPO bound company. Edited Excerpts: