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Abrdn, which had been a partner in the joint venture with HDFC Life, made investments of ₹2,400 crore since 2000. Last month, Abrdn made a complete exit, marking the completion of its successful investment journey with HDFC Life.

“India has been among the beneficiaries where revenue growth of fluorochemistry majors has far outstripped that of Chinese majors over the past five years,” Jefferies said in a client note.

Under the proposed system, all plans will be evaluated based on their first preference. If no plan secures the required 66% votes, the plan with the fewest first preference votes will be eliminated, and its first preference will be assigned to the second preference.

Average six-month returns of a stock that exited the F&O segment between 2020 and 2022 was 7.72%, while the average one-year return was 53.90%, showed data compiled by Samco Securities.

Subhash Chandra, then chairman of Zee/Essel Group, had provided a letter of comfort (LoC) dated September 4, 2018, toward credit facilities availed of by certain group companies from Yes Bank, Sebi said in its order.

For HDFC, liquidity coverage ratio (LCR) improved from 80% to 128%, helped by a sharp increase in government bond holdings. G-Secs, as a percentage of assets, increased from nearly 6% in FY22 to 9%. Also, infrastructure bonds that reduce the overall priority sector lending (PSL) requirements are now close to 20% of liabilities and total loans.

The bond sale could be for up to ₹10,000 crore, with a base size of ₹3000 crore and a green shoe option of ₹7,000 crore, the sources said. The bonds may have a call option after 10 years and the issue date could be June 29.

Indian mutual funds purchased equities worth Rs 2,447 crore in May, compared to selling Rs 4,533 crore in April, according to IDBI Capital. In the small-cap sector, some of the major holdings added to portfolios include Jupiter Wagons, Nexus Select Trust, Carysil, Chennai Petroleum Corp and Faze three. In May, retail investors saw a halving of flows into equity mutual funds to Rs 3,240 crore, their lowest in six months, as investors booked profits due to a rise in markets and flows into debt schemes.

Emerging-market assets are expected to perform well in the second half of 2023 unless global interest rates peak, Chinese authorities support growth, and structural reforms bolster sentiment in India, according to market experts. These factors could result in this being the decade of emerging markets Morgan Stanley Investment Management envisaged earlier this year.

Market regulator, Securities and Exchange Board of India (SEBI), has announced the auction of 61 properties belonging to the Saradha Group on 17 July, with a reserve price of over INR26.22 crore ($3.5m). The proceeds will be used to recover funds raised through an illegal chit fund operation that collapsed in April 2013, allegedly causing losses of nearly INR40bn ($534m). The properties include land parcels in West Bengal, and the auction will be managed by online classified-ads company, Quikr Realty, with C1 India as the e-auction provider.