Jim Cramer said he thinks Bitcoin and “other cryptocurrencies” should be in an investor’s portfolio, after the crypto had dropped from its price peak. Markets commentator Jim Cramer, who some believe makes predictions that end up being the opposite of what happens, said Bitcoin should be part of an investor’s portfolio — which has dropped 2% on the day.
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SBI Funds Management Ltd, the asset management company (AMC) of SBI Mutual Fund, has appointed Nand Kishore as the managing director and chief executive officer. SBI Funds Management (SBIFM) is a joint venture between the State Bank of India and Amundi, Europe’s largest asset manager. SBI Mutual Fund is India's biggest fund house, managing assets worth Rs 11 lakh crore at the end of October.
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Shares of Exide Industries rose over 3% on November 27 after the firm boosted its stake in subsidiary Exide Energy Solutions Ltd (EESL) on rights basis. On November 26, Exide Industries said it boosted stake in EESL to Rs 3,052 crore with Rs 100-crore investment and said the funds will help expand operations in advanced battery cell production for EVs.
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