The PMS/AIF industry has grown rapidly over the past few years, despite higher expenses compared with mutual funds, as high-ticket investors prefer the comfort of having more direct access to their investment advisors/fund managers than being seen as one of the millions of investors invested in a mass product. With no significant long-term track record, this asset growth came on the back of goods.
Open FlipThe top 10 Gainers and Losers was: 📌ITC | CMP Rs 424. 📌Man Industries | CMP Rs 394.5. 📌Motilal Oswal Financial Services | CMP Rs 2,235. 📌Bajaj Auto | CMP Rs 8,798. 📌Hindustan Zinc | CMP Rs 398. 📌ICICI Securities | CMP Rs 712.5. 📌Aurionpro Solutions | CMP Rs 2,436.85. 📌Tata Communications | CMP Rs 1,750. 📌HDFC Life Insurance | CMP Rs 601.15. 📌Infosys | CMP Rs 1,411.95.
Open FlipIT services company Wipro on April 19 reported large total contract value (TCV) at $1.2 billion for the fourth quarter ended March 31, up over nine percent year-on-year. This was despite a challenging macroeconomic environment and ongoing slowdown in discretionary spending. Large deal bookings constitute of deals greater than or equal to $30 million in total contract value terms.
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