Mutual fund houses have been increasingly advocating for the adoption of multi-asset funds since the outset of 2024. Several fund houses have introduced multi-asset funds in the past month. These funds, characterised by their diversified investments across equity, debt, and commodities, offer a strategic approach to weathering market volatilities. Why consider multi-asset funds? Shaily Ga...
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Titan Company Ltd., the Tata Group company, on Friday reported a net profit of ₹786 crore, which missed CNBC-TV18's estimates of ₹830 crore. Titan's bottomline was also up 7% year-on-year, compared to ₹734 crore in the same period last year. Titan reported revenue of ₹11,257 crore for the January to March period. A CNBC-TV18 poll expected that figure to be ₹11,300 crore.
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Titan posted its earnings for the quarter ended March after the market closed on Friday. What Happened: The Tata Group company recorded a net profit for the quarter at ₹771 crore, up around 4.7% from the ₹731 crore posted in the same quarter last year. Net profit came in slightly lower in comparison to the expected ₹800 crore. Revenue from operations came in at ₹11,229 crore, up around 27%.
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