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Tech Mahindra Share price: Stocks in the news: Sun Pharma, Tech Mahindra, PVR, Concor and Raymond


PVR: The eading multiplex chain operator reported a consolidated net loss of 219.55 crore for the first quarter ended June 2021, due to a hit on its film exhibition business amid Covid-induced lockdowns. The company had posted a net loss of Rs 225.73 crore in the April-June quarter a year ago.
Container Corporation of India: The state-owned Concor reported 409.67 per cent surge in consolidated net profit to Rs 251.22 crore for the first quarter ended June 30. The company had clocked a net profit of Rs 49.29 crore in the year-ago period, the multi-modal logistics company said.
TVS Motor Company: The two-wheeler maker reported a consolidated net loss of Rs 15 crore for the first quarter ended June 30. The company had reported a net loss of Rs 183 crore in the April-June quarter of the 2020-21 financial year. ....

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UTI AMC: UTI AMC profit rises 72% in Q1 - The Economic Times


UTI Asset Management Company’s profit after tax (PAT) rose 72% to Rs 119 crore in the quarter ended June 30 as against Rs 69 crore in the same period a year ago. Revenue from operations rose 31% to Rs 276 crore compared to Rs 210 crore a year ago. Profit before tax increased 63% to Rs 148 crore.
The asset manager’s market share in mutual fund assets rose by 21 basis points to 5.64% in April-June compared to a year-ago period.
UTI AMC shares rose 3.42% to close at Rs 990 on Wednesday. Since its listing in October 2020, the stock has gained 107%.
In a separate announcement, UTI said it has elevated Vetri Subramaniam as its chief investment officer and Ajay Tyagi as the equities head. ....

Vetri Subramaniam , Ajay Tyagi , Uti Asset Management Company , Management Company , வெற்றி சுப்ரமணியம் , அஜய தியாகி , ஊட்டி சொத்து மேலாண்மை நிறுவனம் , மேலாண்மை நிறுவனம் ,

30 years of liberalization: How Vetri Subramaniam got a sneak peek into India's reforms early in 1991


30 years of liberalization: How Vetri Subramaniam got a sneak peek into India’s reforms early in 1991
Moneycontrol
8 hours ago
Venkatasubramanian K
© Venkatasubramanian K
30 years of liberalization: How Vetri Subramaniam got a sneak peek into India’s reforms early in 1991
It was like an early view into the liberalized future for Vetri Subramaniam, Group President & Head of Equity at UTI Asset Management Company. In April 1991, he was a student at IIM, Bengaluru. Manmohan Singh was the chief guest for the convocation ceremony. Singh hadn’t yet become India’s finance minister – that would happen three months later. But as India was sinking into a payments crisis at that time, Singh, in his address, listed the steps that India should take to improve the situation. Opening up the Indian economy was a big part. Like his friends and peers, Subramaniam didn’t grasp the importance of Singh’s talk. But a year later, when the India ....

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bitcoin: Long & Short of Markets: Can you still trust Bitcoin as a hedge against inflation?


If Bitcoin is a hedge against inflation, then how can it crash when inflation is inching higher? Bitcoin’s 60-day realized volatility is far higher than that of gold, making several investors reconsider their decision to treat cryptocurrencies as a hedging instrument. Read more on the threat to Bitcoin’s hedging asset status, Saurabh Mukherjea s love for bank stocks and more in this week’s edition of ‘Long & Short of Markets’.
Gold’s imposter
Bitcoin has been touted as a portfolio hedge and is widely regarded as a substitute for gold by many crypto believers. But the recent price movement of Bitcoin shows that it is anything but a safe haven asset. A wild 40 per cent swing after April’s high just strengthens the doubts. ....

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