Latest news with #Dikshit
The Hindu
an hour ago
- Politics
- The Hindu
Leaders pay tribute to ex-CM Sheila Dikshit on 6th death anniversary
Cutting across party lines, senior leaders such as Delhi Chief Minister Rekha Gupta, Aam Aadmi Party (AAP) national convener Arvind Kejriwal, and Delhi Congress president Devender Yadav, paid tributes to the longest-serving Chief Minister of Delhi, Sheila Dikshit, on her sixth death anniversary on Sunday. 'Humble tribute on the death anniversary of former Delhi Chief Minister Sheila Dikshitji,' Ms. Gupta wrote on X. In a post on the social media platform, Mr. Kejriwal said, 'On the death anniversary of Delhi's former Chief Minister Sheila Dikshit, I pay my homage to her.' Mr. Yadav, along with several Congress leaders and workers, paid floral tributes to Dikshit at the Delhi Pradesh Congress Committee office. Attacking the BJP and AAP on the occasion, he said the welfare schemes introduced by Dikshit for slum dwellers, street vendors, Dalits, minorities, and the marginalised have nearly been shut down by the former AAP government and the present BJP regime. 'Delhi had witnessed massive development when the Congress government, headed by Dikshit, was in power for 15 years and came to be known as the golden era of Delhi. The Delhi metro, flyovers, underpasses, CNG fleet of public transport, including DTC (Delhi Transport Corporation), well-paved roads, modern hospitals, new universities, colleges, and schools, and green cover changed the face of the Capital,' he said. Mr. Yadav said the people of Delhi still remember Dikshit for the 'unprecedented development works carried out' during her tenure as the CM.
Mint
10-07-2025
- Business
- Mint
What's driving retail inflows into hybrid, mid- and small-cap mutual funds?
Mutual funds, long seen as a way to participate in India's growth story, witnessed a strong resurgence in demand in the previous month, with total inflows reaching ₹ 49,095 crore, marking a sharp 69% increase over May's ₹ 29,108 crore and reflecting investors' confidence in the Indian economy amid ongoing global growth concerns. Among all asset classes, the equity segment continued to dominate inflows, which rose to ₹ 23,568 crore in June from ₹ 19,013 crore in May, registering a robust 24% month-on-month increase, as per AMFI data. The hybrid funds also sustained their momentum with net inflows of ₹ 23,223 crore in June, up from ₹ 20,765 crore in May, driven by continued interest in arbitrage and multi-asset allocation strategies. Meanwhile, the equity inflows were led by strong demand in Flexi Cap funds, which saw a 49% month-on-month surge to ₹ 5,733 crore. Small-cap funds witnessed a 25.2% increase in inflows to ₹ 4,024 crore, while mid-cap fund inflows jumped to ₹ 3,754 crore, marking a 33.7% rise compared to May. Despite ongoing concerns that valuations in mid- and small-cap funds remain stretched, these categories continue to attract significant interest from retail investors. Experts point out that the primary reason behind these sustained inflows is the perception that these funds offer exposure to high-growth segments of the economy. Mr. Dikshit Mittal, Senior Fund Manager – Equity at LIC Mutual Fund Asset Management, said investors are looking to gain exposure to some of the faster-growing segments of the economy, as reflected in their preference for mid-cap and small-cap funds. 'The broad-based rally in indices like the Nifty 50, accompanied by stronger gains in mid- and small-cap indices, has rekindled investor enthusiasm,' Dikshit observed. 'It seems many investors were awaiting a decisive market cue to reallocate towards equities, a cue that emerged in June, prompting renewed participation.' He further noted that the increasing preference for hybrid categories such as arbitrage funds, multi-asset allocation funds, and dynamic asset/balanced advantage funds indicates a strategic and balanced approach to portfolio construction. Mittal added that the rise in SIP contributions and consistent net equity inflows continue to support the resilience of Indian equity markets in a volatile global environment. Meanwhile, Ankur Punj, Managing Director and National Head at Equirus Wealth, remarked that the strong inflows into mid- and small-cap funds reflect growing investor confidence in India's long-term growth narrative despite global uncertainties. 'The uptick in hybrid strategies also suggests that investors are increasingly seeking a balance between growth and risk mitigation, a healthy sign of evolving market maturity,' Ankur said. 'With global rate cycles stabilising and India's earnings season underway, we expect investor focus to remain strong on thematic and multi-asset categories heading into Q2 FY26.' Amid a strong resurgence in inflows, the overall assets under management (AUM) of mutual funds swelled to ₹ 74.40 lakh crore at the end of June, marking a rise of ₹ 2.2 lakh crore from May's ₹ 72.2 lakh crore. Equity AUM now accounts for 45% of the total, standing at ₹ 33.46 lakh crore. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
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Business Standard
23-06-2025
- Business
- Business Standard
Aditya Birla Lifestyle to double revenues in 5 years, invest Rs 300 cr
The newly-listed Aditya Birla Lifestyle Brands (ABLBL) on Monday said it will invest Rs 300 crore every year with an aim to double its revenue in the next five years. The Aditya Birla Group company, which was demerged from Aditya Birla Fashion and Retail, will invest around Rs 300 crore per year, its managing director Ashish Dikshit told reporters here. Group chairman Kumar Mangalam Birla said, "India stands at the cusp of a transformative growth phase, with consumption poised to be a primary driver." ABLBL had a revenue of Rs 7,830 crore in FY25, an operating profit margin of 15 per cent and a net profit of Rs 60 crore. Kumar Mangalam Birla said the company aspires to build India's first portfolio of billion-dollar brands in the fashion and lifestyle segment. It sells brands like Peter England, Allen Solly, Van Heusen and Louis Philippe. Dikshit said two of the company's brands clock sales of over Rs 2,000 crore per year, while two others are above Rs 1,000 crore per year. "Over the next five years, we aim to more than double our scale and more than triple our cash profits. This growth will be strategic, disciplined and powered by strong cash flows," he said, adding that it targets to double in revenues as well. Dikshit said the last two years have been difficult for the industry, adding it was cyclic and the company has seen many such turns in the last 25 years of its existence. On the investments front, he said the company has a capex plan of Rs 300 crore per year. "A large part of it is going through the expansion of the retail network, a small part towards the internal capabilities and technology," Dikshit said. It is aiming for a three-fold jump in the profitability over the next 3-5 year period, he said. The company does not have any immediate plans for acquisitions at present, Dikshit said, pointing out that the Reebok brand and Van Heusen's innerwear can be major growth drivers going ahead.
Time of India
23-06-2025
- Business
- Time of India
Aditya Birla Lifestyle aims to double revenues in 5 years, invest Rs 300 cr per annum
The newly-listed Aditya Birla Lifestyle Brands (ABLBL) on Monday said it will invest Rs 300 crore every year with an aim to double its revenue in the next five years. The Aditya Birla Group company, which was demerged from Aditya Birla Fashion and Retail, will invest around Rs 300 crore per year, its managing director Ashish Dikshit told reporters here. Group chairman Kumar Mangalam Birla said, "India stands at the cusp of a transformative growth phase, with consumption poised to be a primary driver." Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Cost of Dental Implants in Your City Might Surprise You! Dental implant | Search Ads Learn More Undo ABLBL had a revenue of Rs 7,830 crore in FY25, an operating profit margin of 15 per cent and a net profit of Rs 60 crore. Kumar Mangalam Birla said the company aspires to build India's first portfolio of billion-dollar brands in the fashion and lifestyle segment . It sells brands like Peter England, Allen Solly, Van Heusen and Louis Philippe. Live Events Dikshit said two of the company's brands clock sales of over Rs 2,000 crore per year, while two others are above Rs 1,000 crore per year. "Over the next five years, we aim to more than double our scale and more than triple our cash profits. This growth will be strategic, disciplined and powered by strong cash flows," he said, adding that it targets to double in revenues as well. Dikshit said the last two years have been difficult for the industry, adding it was cyclic and the company has seen many such turns in the last 25 years of its existence. On the investments front, he said the company has a capex plan of Rs 300 crore per year. "A large part of it is going through the expansion of the retail network, a small part towards the internal capabilities and technology," Dikshit said. It is aiming for a three-fold jump in the profitability over the next 3-5 year period, he said. The company does not have any immediate plans for acquisitions at present, Dikshit said, pointing out that the Reebok brand and Van Heusen's innerwear can be major growth drivers going ahead. Shares of Aditya Birla Lifestyle Brands Ltd (ABLBL) made its market debut on Monday post demerger. The stock started trading at Rs 167.75 and later jumped 4.97 per cent to Rs 176.10 apiece during the day on the BSE. It finally ended at Rs 159.40, down 4.97 per cent. The company's market valuation stood at Rs 19,451.50 crore.
Hindustan Times
11-06-2025
- Hindustan Times
Jagannath Temple's 83-year-old servitor killed after argument with neighbour
Bhubaneswar: An 83-year-old servitor of Jagannath Temple was found dead just outside his house in the temple town of Puri on Wednesday afternoon, police said. The temple servitor, identified by the police as Jagannath Dikshit, who worked as a Mahasuara of the temple. He was found with severe injuries to his head near his house in Gudiasahi, a little after 3pm, after he returned from the temple. Police said they are scrutinising the CCTV footage showing Narayan Pattajoshi, a neighbour of Dikshit, allegedly throwing him on the road. People in the locality said an argument had taken place between Dikshit and Pattajoshi shortly before the assault. The accused is on the run. Puri superintendent of police (SP) Vinit Agrawal said the murder appears to be a fallout of personal enmity. 'Preliminary probe suggests that the incident occurred due to past enmity and it will become clearer after further investigation. Efforts are on to apprehend the accused,' Agrawal said. Diskhit was unmarried and lived alone. The murder was reported hours after chief minister Mohan Majhi visited the temple town on the occasion of Snana Paurnima when the three deities - Lord Jagannath along with his sibling - Lord Balabhadra and Devi Subhadhra - are bathed in holy waters.
