We are very positive on mid and smallcaps as a long-term SIP theme where you invest every year for the next five years. It is not the time for lumpsum investment, S Naren, CIO, ICICI Prudential AMC, talks to Nikunj Dalmia of ET Now.Edited excerpts: This time six months ago, you said a fall was coming, fasten your seatbelts. The fall came on Friday. Do you think this is the beginning of a decline or is it that volatility is back and there is no risk per se? Market is still not cheap. If you look at the market, today we are closer to the all-time high than at a situation where we can say that the market is dirt cheap at this point of time. It is Nifty which is at an all-time high. Small and midcap stocks have corrected, the indices have corrected 25% to 30%. But if you look at the smallcap indices, they have gone up 200% in five years. Obviously, they have corrected 20% from the top but I do not think we are in a phase yet where we can say smallcaps is cheap, put your money in … [Read more...] about Remain cautious; don’t raise equity allocation now: S Naren, ICICI Pru AMC
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A 2009 report prepared by the Office of the Special Inspector General for Iraq Reconstruction noted officials had raised concerns about potential conflicts of interest because of Cheney's former position with Halliburton, but that "White House officials said the mission took priority over whatever political fallout might occur" from awarding contracts to KBR. … [Read more...] about The Iraq War, private military contractors and ‘dividing the spoils’ – was this the Deep State in action?
"Nothing in Equity's later statement was intended as a slur on his character or views or to suggest that he should be denied the ability to work. We would like to make that clear. … [Read more...] about Laurence Fox is in love with photographer in lockdown after Billie Piper divorce
As the country gradually eases the lockdown restrictions, a lot of focus is on kickstarting the economy once again, which has taken a severe hit due this pandemic. A DBS Bank report explores what will be India's prioirities for the financial sector in order to revive the economy.Broader economic growthAccording to the report, India’s economy is currently on track to register a net contraction in terms of growth for the first time since the 1980s. Q2 of FY21 is expected to be the trough of this cycle, however, certain sectors such as production & services and consumer discretionary sectors might take a longer time to recover. As we are about to enter the monsoon season, a lot of rests on the agricultural sector to drive the economy on the road to recovery.Health of the financial sectorExpected to be one of the key priorities of the government as a long period of freezing of assets and moratorium on loan repayment comes to an end. Businesses whose ratings were downgraded in … [Read more...] about India’s priorities post the pandemic for the financial sector
Intas Pharma has explored the IPO route earlier but put the listing plans on hold due to market conditions. It is a vertically integrated global pharmaceutical formulation development, manufacturing, and marketing company. It has set up a network of subsidiaries, under the umbrella name of Accord Healthcare to operate in global markets. … [Read more...] about Exclusive | PE firm ChrysCapital to buy out Capital International’s stake in Intas Pharmaceuticals