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Sundaram Mutual has launched a new fund offering (NFO) called Sundaram Business Cycle Fund, an open-ended equity scheme aligned with a business cycle-based investment theme. “Themes are powerful drivers of economic change and have the power to transform the way we live and work. By participating in them at the height of their popularity,”This cycle has the potential to lead to significant growth and long-term gains,” Sundaram Mutual said in a statement. Commenting on the launch of the Sundaram Business Cycle Fund, Sunil Subramaniam, Managing Director, Sundaram Mutual, said: “Themes create business cycles which in turn create significant investment and…

Tokyo-based Kyokuyo plans to continue expanding its overseas operations following its fiscal 2023 report which showed rising profits despite falling sales. Kyokuyo expects sales of 261.6 billion yen (US$1.67 billion, EUR1.55 billion) in fiscal year 2023, down 10.5 billion yen (US$67.8 million, EUR62 million), or 3.9%, from sales of 272.1 billion yen (US$1.76 billion, EUR1.61 billion) in fiscal year 2022.The company said the drop was mainly due to lower sales of seafood. By division, the seafood and fresh food businesses were the main contributors to the decline, while the processed food business saw sales increase by 9.95 billion yen (US$64.3…

June 5, 2024 2:25:10 PMSundaram Mutual Fund has launched Sundaram Business Cycle Fund, an open-ended equity scheme that follows business cycle based investments. iStockThe New Fund Offer or NFO for the scheme is open for applications and will close on June 19. The scheme will reopen for continuing applications/redemptions on July 1. iStockThe plan's investment objective is to achieve long-term capital appreciation by investing primarily in equity and equity-related securities with a focus on identifying medium-term cycles that may affect business fundamentals. This is done through a dynamic allocation between different themes and stocks at different stages of the economic…

For many creative people, a hobby like jewelry making is a great way to unwind after a long day. But what if your creations start getting attention from friends and strangers? At that point, you might ask yourself, “Could my hobby become a business?” Learning how to start a jewelry business requires an understanding of the industry. For one thing: It’s growing. The global jewelry market is expected to increase by $46.3 billion between 2024 and 2028. In other words, there’s plenty of room for newcomers who can find an untapped niche or bring a fresh perspective to the craft.…

Sundaram Mutual believes the market turmoil is not over yet, even though its shares plunged 6% following the unexpected election result before recovering 3% on Wednesday.Anand Radhakrishnan, CEO, Sundaram Mutual, said some sectors such as infrastructure and capital goods have soared in the last few years and while the momentum has subsided a bit, market valuations remain high.Given the heightened uncertainty, mutual fund investors should temper their expectations and remain focused on getting above-inflation returns from equity investments, he added. He has launched a unique cyclical-themed fund that opens for subscription on Wednesday and closes on July 1. Read also:…

Many people have hobbies—pastimes where you dedicate some of your spare hours to activities they find fun or fulfilling. While you probably didn’t get into your favorite hobby to make money, you can still turn it into a side hustle or thriving business that generates a stream of income. Depending on how you direct your talents and interests, you can make anything from extra spending money to a full income through an online business centered around your hobby—all by doing something you might have done anyway. This guide compiles a list of common lucrative hobbies that can make money. 12…

To mark World Environment Day, WBCSD is publishing its NbS Blueprint and Nature-Based Solutions Map, which it developed in collaboration with over 50 global companies and external organizations over the past year. Together, these tools enable companies to identify and build the business case for nature-based solutions that address core business challenges while advancing action on climate, nature and equity.Climate change, nature loss and widening inequality are deeply intertwined crises. To achieve the Paris climate goal of limiting global warming to 1.5°C, we must harness nature and tackle biodiversity loss. This requires equity-building partnerships with global communities.Nature-based solutions (NbS) offer…

Diamond Sports Group's bankruptcy proceedings continue with no end in sight, with a judge postponing a hearing scheduled for June 18 but on Tuesday ordering the company to develop a “very clear business plan” by July. Read also: Everything you need to know about Bally Sports' bankruptcyDiamond, which operates the remaining 18 Ballysport regional pay-TV channels, found its bankruptcy restructuring plans in serious disarray in late April. A new transportation contract could not be agreed upon. In partnership with Comcast. At a hearing Tuesday to discuss the delay in the restructuring plan, lawyers for Diamond said negotiations with Comcast are…

Despite the potential sale of Paramount Global, controlling shareholder Shari Redstone expressed confidence in the new management structure and hinted at further cost cuts at the start of the company's annual investor meeting on Tuesday.Paramount executives declined to answer questions about sale talks with David Ellison's Skydance Media, which have accelerated in recent days. A special committee of Paramount's board of directors approved the deal, giving investors the option to sell or hold on to their shares, betting on Mr. Ellison's ability to turn around the storied media giant, according to people familiar with the negotiations.The Skydance deal still requires…

Philadelphia business owners! You are not alone on your entrepreneurial journey. We are here for you and can guide you through each step. Do you have a business idea? Are you an entrepreneur looking to start up and operate a business in Philadelphia? Are you currently operating a business and need capital? Are you having difficulty complying with city regulations? We can help you start, maintain and grow your business. Give us a call and we'll guide you, support you, and help you find the resources that fit your needs. Thank you for your talent, passion, skill and innovation in…