Arun Chulani, Co-Founder of First Water Capital, discusses the fund s impressive performance, achieving over 90% growth in the last year and 40% CAGR in 3 years. The fund has consistently ranked no.1 on BarclayHedge s Top 10 equity funds. he says: "Our performance is a reflection of our core philosophy, which starts with value, concentration, and betting on a country with long-term tailwinds—that of India."
Initial shareholding data showed that promoters of at least 23 BSE 500 companies raised their stake in the June quarter when the benchmark equity index BSE Sensex cracked 9.48 per cent.
India’s largest insurer Life Insurance Corp. of India (LIC) has decided to go ahead with its initial public offering next month despite the volatility in markets due to geopolitical tensions. “We are very keen on having the listing in the month of March, that’s all that I can share right now,” the state-run insurer’s chairman, M R Kumar, told reporters on Monday.
From approval of an input tax credit to a cut in indirect tax rates, from better policies to regulate the logistics industry to more funds to set up electric vehicle charging stations, India Inc has a long list of expectations from Finance Minister Nirmala Sitharaman, who will present the Union Budget on February 1.