Stream over 50 sports Live & On-Demand with KAYO SPORTS on your TV, computer, mobile or tablet. Just $25/month, no lock-in contract. Get your 14-day free trial and start streaming instantly > The daughter of star stallion Not A Single Doubt and talented mare Mid Summer Music was tough when nailing Rathlin to win the Magic Millions Clockwise Classic on Ballarat Cup Day. That came after a strong performance on debut behind Tanker in the Inglis Debutant at Caulfield. Price said the flashy chestnut will likely run in the B.J. McLachlan Stakes on December 28 before progressing onto the Magic Millions on January 11. “She is doing a good job,” Price said. Euphoric Summer (left) wins the Magic Millions 2YO Clockwise Classic last month.Source:Getty Images “She improved from her first run to her second run and if she can travel up their well, I am trying to allow for her to improve from the McLachlan into the Magic Millions.” Euphoric Summer, who was a $260,000 … [Read more...] about Euphoric Summer will chase the sun in Magic Millions quest
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Gautam Thapar family may lose control of CG Power and Industrial Holdings after it defaulted on payments forcing private equity giant KKR to convert its loans into equity. Two other lenders including Yes Bank and BOI AXA are in the process of doing the same in a move that that will reduce the Thapar family to a minority. KKR now owns about 10.8% in the firm and the combined stake of the lenders is set to touch 30% if YES and others go ahead with their conversion. The Thapar family held about 34.42% in the capital goods firm till KKR’s conversion. In addition, the creditors have nudged the board of CG Power to remove B Hariharan, director and group CFO of Avantha Group as a promoter-nominee and appointed Narayan Seshadri, former chairman of AstraZeneca India and former partner of KPMG India as Independent Director. The CG Power Board has also constituted an empowered operating sub-committee chaired by an independent director to drive operational improvements. Both these moves are … [Read more...] about KKR, Yes Bank and BOI AXA may take control of CG Power
My income is Rs 46,000 per month. My risk profile is moderate. I have chosen these SIP schemes:ICICI Prudential Value Discovery Fund: Rs 3,000 (Started in Jan 2017)Aditya Birla Sun Life Tax Relief 96: Rs 2,000 (Started in Jan 2019)SBI Small Cap Fund: Rs 1,000 (Started in Jan 2019)PPF account: Rs 1,000 per monthLIC of Rs 24,000 yearlyMy investment horizon is seven to 10 years. I want to know how is my portfolio? Should I continue to invest in ICICI Prudential Value Discovery Fund?--Shaurya Subala If your risk profile is moderate, you are supposed to invest mostly in multi cap mutual funds. You may also add large cap mutual funds if you want to diversify and reduce the overall risk in the portfolio. You are currently investing in a value-oriented scheme, tax saving scheme, small cap scheme. Firstly, small cap schemes are not in line with your risk profile. They are meant for aggressive investors with a high tolerance for risk and volatility. ICICI Prudential Value Discovery Fund is a … [Read more...] about Should I continue to invest in ICICI Prudential Value Discovery Fund?
NEW DELHI: Mumbai-based Suraksha Realty on Monday expressed confidence that bankers and home buyers will vote in favour of its bid to acquire bankrupt realtor Jaypee Infratech, saying that the company has substantially improved its resolution plan to maximise the value for financial creditors. A Committee of Creditors (CoC) on Saturday decided that homebuyers and lenders of Jaypee Infratech will vote on the bids of state-owned NBCC Ltd and private sector firm Suraksha Realty at the same time. Voting process will start on December 10 and end on December 16. "We have worked very hard since last 1.5 years and are only player who has submitted resolution plans in all three rounds. We are fully committed to fulfill each and every commitment made under our resolution plan," Suraksha ARC MD and CEO Aalok Dave told PTI. Suraksha Realty is owned by Sudhir Valia, the brother-in-law of Sun Pharma promoter Dilip Shanghvi. "We feel public sector banks being institution have larger … [Read more...] about Suraksha Realty hopeful of getting favourable vote of lenders, home buyers on Jaypee bid
Corporate credit funds, once considered safer substitutes to high-yielding bonds, fared their worst in about four years as volatility in NBFC debt and misaligned maturity profiles whittled down returns by 200-300 basis points. In the past one year, credit funds have yielded 5.22% compared with 8.50-9.50% in normal circumstances, showed data from Value Research, an online mutual fund portal. "Wherever fund houses have taken a hit by selling NBFC papers in losses, their average returns have come down significantly," said Dhirendra Kumar, founder and CEO of Value Research. "Investors may continue to shy away from credit funds unless confidence is regained in NBFC debt securities." DSP Mutual Fund sold bonds of DHFL at a higher yield, triggering speculation that there could be ratings downgrades in the housing finance company. In the secondary market, DSP sold DHFL securities worth Rs 300 crore at yields of 11%, about 200 basis points higher than normal rates. Top performing funds, … [Read more...] about Are days of high credit fund returns over?