Data reveals that 18 mid-cap mutual funds have consistently yielded positive returns over the past three years. These funds, including Baroda BNP Paribas Mid Cap Fund and Edelweiss Mid Cap Fund, have maintained their positive performance trajectory into 2024. However, investors are cautioned that past performance is not indicative of future returns and should consult a financial advisor.

Vietnamese EV maker VinFast is considering Indian companies MEIL and Adani Group as potential partners for its electric car venture in India. VinFast is looking for a local partner to help navigate the Indian market and establish a supply chain. While discussions are ongoing, no final decisions have been made.

Despite the soaring popularity of SUVs, Indian automakers are not abandoning sedans. Maruti and Honda have launched upgraded versions of their popular sedan models, emphasizing enhanced features and safety. Although the sedan market share has shrunk, companies like Volkswagen and Skoda see potential, introducing new models with SUV-like ground clearance.

Direct Tax code: The government has started the consultation process for reviewing the Income Tax Act, 1961. The review is being done to reduce litigation and make it easy to understand for the common man. There are certain provisions currently under the Act where non-complying can lead to jail time for taxpayers.

Doordarshan, India's public broadcaster, has launched its OTT platform 'WAVES', featuring a blend of nostalgic classics like Ramayan and Mahabharat alongside contemporary programming. Available in 12+ languages, WAVES offers news, documentaries, regional content, and live events, including the upcoming US Premier League Cricket Tournament.

ELSS and focused mutual funds, which experienced outflows for the first half of the fiscal year, are regaining investor interest. Renewed confidence in the equity market and tax benefits are driving this comeback, making these categories attractive options for investors, particularly those under the old tax regime.

The 30-share BSE Sensex was down 507.08 points at 77071.3

A total of 2,452 shares changed hands on the counter till time (IST).

Seven stocks in renowned investor Mukul Agrawal's portfolio have emerged as multibaggers in the current fiscal year. These stocks have generated returns of over 100% since the beginning of FY25.

Birla Opus, the Aditya Birla Group's paint company, has denied pursuing inorganic growth through acquisitions, despite reports linking them to Akzo Nobel India. CEO Rakshit Hargave stated the company is focused on organic growth, having invested heavily in expanding its production capacity to meet demand and gain market share.

As per Sebi norms, these schemes must invest 65-80% in stocks, and 20-35% in debt. This mixed portfolio helps to deal with the market volatility better. When the equity market is in turmoil, the debt part of the portfolio softens the blow. This helps new investors to continue with their investments without worrying too much about volatility.

Speaking at the Bengaluru Tech Summit on Wednesday, S Somanath said that if Isro can produce space-graded sensors for its rockets, then the country's automobile industry can collaborate with the space agency and manufacture vehicle sensors indigenously.

The refinery project is a big win for N Chandrababu Naidu, whose Telugu Desam Party (TDP) provides crucial support to the Bharatiya Janata Party-led National Democratic Alliance (NDA) government at the Centre. It headed Naidus agenda when he met the Prime Minister on his first visit to New Delhi on July 5 after being sworn in as chief minister.

NTPC and BHEL are considering Korba, Chhattisgarh, as the location for India's first 800-MW advanced ultra-supercritical (AUSC) power plant. The estimated cost for the high-efficiency plant is 15,000 crore. The final decision will follow feasibility studies and approvals from relevant ministries. This indigenous technology promises higher efficiency and reduced emissions compared to existing power plants.

Vodafone Idea's network upgrade plans face potential delays as banks demand additional collateral for issuing letters of credit to equipment suppliers. Despite claims of sufficient funds for the fiscal year, banks remain cautious due to Vi's substantial debt, including AGR dues. This situation could hinder Vi's ability to compete effectively with rivals like Jio and Airtel.

Sales volume of ready-to-eat foods topped growth on quick-commerce channels, expanding 52% in the July-September quarter compared with a year earlier. Sales of salty snacks and refined edible oils grew 41% each, followed by biscuits (40%) and packaged atta (39%), Bhagwat.

The decision to place fruit-based, non-caffeinated sparkling drinks in the sin tax category, taking GST on Appy Fizz up by to four times from 12% to 40%, had a massive impact on the overall business, which is dependent on specific price points, Nadia Chauhan, joint managing director at Parle Agro, told ET. This forced us to reduce the serving size to consumers, she added.

The Employees' Provident Fund Organisation (EPFO) is poised to relax regulations, enabling more private banks to collect provident funds. This initiative aims to streamline business operations for companies, enhance convenience for subscribers, and expedite fund transfers for the retirement body.

The DPIIT finalised model city logistics plans for Delhi and Bengaluru. The plans aim to improve urban freight efficiency and reduce logistics costs. The plans were developed with support from the Delhi and Karnataka governments. They are based on international best practices and provide guidelines for other Indian cities.

LG Electronics will invest Rs 5,000 crore, and its Korean and Chinese parts suppliers the remainder, the executives said. LG, India's largest home appliances maker by sales, has sought 300 acres from the Andhra Pradesh government for the project which will generate over 1,500 direct jobs, the executives said asking not to be named.

The Delhi High Court has temporarily halted the trial court's proceedings against former Union Minister P. Chidambaram in the Aircel-Maxis money laundering case. Chidambaram, who challenged the trial court's acceptance of the Enforcement Directorate's complaint, will await the next hearing date. The case revolves around alleged irregularities in a 2006 investment deal approved during Chidambaram's tenure as Finance Minister.

The Department of Telecommunications (DoT) has mandated states to implement the new right-of-way (RoW) rules for telecom infrastructure starting January 1, 2025. These rules, effective nationwide, aim to expedite 5G rollout and streamline infrastructure deployment by simplifying approval processes, setting charge limits, and enabling digital management of applications.

Mahindra Homes, a joint venture between Mahindra Lifespace Developers and Actis, has received approval from the National Company Law Tribunal (NCLT) for its capital reduction proposal. The move, which involves canceling certain equity shares, will optimize capital allocation without impacting ongoing projects or homebuyer interests.

Bharti Airtel has partnered with Nokia in a multi-billion dollar deal to expand its 4G and 5G network infrastructure. The deal involves deploying Nokia's advanced 5G equipment, including base stations and energy-efficient technology. This strategic move aims to enhance network capabilities and attract subscribers in a competitive market.

India developed model city logistics plans for Delhi and Bengaluru. The plans aim to enhance urban freight efficiency and reduce logistics costs. The initiative drew inspiration from international best practices, particularly from Japan and European countries. The plans aim to address congestion, pollution, and logistics costs.

Uttar Pradesh will present its innovative use of solar power in Jal Jeevan Mission projects at a national conference. With over 80% of these projects powered by solar energy, the state aims to serve as a model for others, showcasing cost-effectiveness and environmental sustainability.

India's GNFC and UK-based INEOS Acetyls International are joining forces to establish a major acetic acid production facility in India. The 50:50 joint venture will leverage INEOS's technical expertise and GNFC's market knowledge to operate the plant and distribute domestically produced acetic acid, boosting India's chemical manufacturing capabilities.

Balaji Telefilms has made two major leadership appointments. Sanjay Dwivedi, the current Group CFO, has been elevated to the position of Group CEO. Vimal Doshi, with a long tenure at Balaji, has been named COO of Balaji Motion Pictures. Dwivedi has been with Balaji Telefilms since 2013 and has a strong financial background.

Wockhardt founder sought GST exemption for antibiotics discovered in India. He said this will make the drugs more affordable. The statement was made at an event to celebrate the scientific completion of the first indigenously developed antibiotic Nafithromycin. Nafithromycin is the first macrolide antibiotic in 30 years for community-acquired bacterial pneumonia.

Apple is developing the iPhone 17 Air, aiming for an ultra-slim 6mm profile, making it potentially the thinnest iPhone ever. Expected to launch in 2025, it may feature an aluminum body, a 6.6-inch display, and Apple's A19 chip for powerful performance. Camera features could include a 48MP rear camera and a 24MP front camera.

Vedanta Aluminium partners with GAIL Gas Ltd to supply natural gas to its Jharsuguda smelter, aiming to reduce carbon emissions by 47,292 tonnes annually. The transition, operational by the end of next year, supports Vedanta's commitment to net-zero emissions by 2050 through cleaner energy solutions.

Adani Energy Solutions Ltd (AESL) is acquiring Pune- III Transmission Ltd (PTL) from PFC Consulting Ltd to establish new substations and a transmission line. This acquisition will enable the evacuation of 7 GW of renewable energy from Gujarat's Khavda RE Park and aligns with AESL's strategy of enhancing shareholder value.

Datta Power Infra has committed to investing 5,000 crore in Rajasthan's renewable energy sector. The company signed an MoU with the state government to establish 1,000 MW of solar, wind, and hybrid power projects. These projects, spanning six districts, are projected to create 500-750 jobs.

Sula Vineyards experienced a 1.2% dip in net revenue in Q2, attributed to a temporary slowdown in urban discretionary spending, particularly impacting alcoholic beverages. CEO Rajeev Samant believes this is a temporary blip and anticipates a demand reset in 2024 as consumers face inflation.

According to monthly data from Prime Database, they made a complete exit from 13 stocks in October.

Sony has launched a new software update for its PlayStation Portal handheld gaming device, enabling cloud streaming for PlayStation 5 games. Available globally, the update allows PlayStation Plus Premium subscribers to stream select PS5 games directly to their Portal, eliminating the need for a PS5 console.

India's non-regulated sectors, including power plants, significantly reduced coal imports by 9.83% during April-September 2024, signaling a shift towards domestic coal reliance. However, imports of coking coal for steel production and coal for specialized power plants increased. Overall, coal imports rose marginally, but their total value decreased, saving India Rs 13,628.73 crore.

Yes Bank has partnered with Vegapay to launch a new platform called 'Credit Line on UPI'. This platform will allow YES Bank to offer customised credit programs to its customers through UPI. The platform is expected to help bridge the credit gap in India by providing seamless credit solutions to a wider audience.

ETMutualFunds analyzed 261 equity mutual funds and found that some have delivered impressive returns, with up to 55% growth in the past year. The top performers include Motilal Oswal Midcap Fund, which gained 54.94%, Invesco India Focused Fund with 49.56%, and Bandhan Small Cap Fund with 49.26%. These funds stand out for their strong one-year returns.

Franklin Templeton Mutual Fund has launched the Franklin India Long Duration Fund, an open-ended debt scheme aiming to generate long-term returns by investing in debt and money market instruments with a Macaulay duration greater than seven years. The NFO is open until December 4, offering regular and direct plans. The scheme is suitable for long-term capital appreciation and income generation.

Latest 22K gold rates today: Purchasing hallmarked jewellery provides a third-party assurance of the purity of gold for the quoted price. Let's examine the prices of 22 karat gold of a few famous jewellery brands in India as of November 20, 2024.

Goods and services tax: The Maharashtra GST department has issued a circular which allows GST proper officers to conduct the GST audit procedures like its final report in GST-ADT-02 form and Notice for Discrepancy to be issued offline. However by December 31, 2024 the same notice and audit report will be uploaded on the GSTN portal.

They are studying it, they are looking at it favorably, that's all I hope. The process is on consultation with user industry. We haven't heard back (from the ministries) yet, Jindal said.

PPFAS Mutual Fund manages an asset base of Rs 93,354 crore as of October 2024 and has around 6 mutual fund schemes.