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PMSBazaar.com reported stellar 2024 performances in Alternative Investment Funds (AIF). Finavenue Growth Fund led with 132% returns, followed by Negen Undiscovered Value Fund (57%), and Carnelian Assets Structural Shift Fund (47%).
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News and Media
Infosys shares fell nearly 6% due to a muted outlook for the fourth quarter and cautious sentiment regarding Donald Trump's expected policies. The stock closed at 1,817.50, down 5.8%. The Nifty IT Index fell 2.7%. Midcap IT companies are trading at higher valuations than large-cap players. IT stocks may face uncertainty from a global slowdown.
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News and Media
Reliance Jio's Q3FY25 earnings missed expectations due to muted user additions, modest ARPU growth, and higher costs. However, Jio's home broadband business showed strong growth, particularly with its 5G-based FWA services. Enterprise services also saw significant growth in government contracts.
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News and Media
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