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The new asset class proposed by the Securities and Exchange Board of India (Sebi) is expected to bring innovative investment products and styles in the market, but could also encourage some investors to move from existing high-risk products like portfolio management services (PMS) and alternative investment funds (AIFs).

In comparison to mutual funds starting at Rs 100 and PMS at Rs 50 lakh, the new asset class, which targets investors with higher risk appetite with a minimum investment of Rs 10 lakh, can provide them with the higher alpha that many seek. “PMS/AIF may get disadvantaged if it causes cannibalisation of their AUM in favour of the new asset class from large, moneyed investors (i.e. their target clients),” said Ruchir Kapoor, managing director at Merisis Wea…

The OLA Electric IPO bidding closes today – August 06. The issue has been subscribed 1.12 times as of August 05. In this, retail buyers subscribed over 3 times more than the offered shares.

The company opened its IPO on August 02 to raise a sum of Rs 6,145.56 crore through a combination of fresh shares as well as an offer for sale.

GMP

OLA Electric IPO GMP: Check subscription status, GMP, and other key details OLA Electric IPO: 7 risks to know before subscribing to Rs 6146 crore issue FirstCry IPO Subscription Opens Today: Read to know if you should subscribe?  OLA Electric IPO: Here are 8 points you should know ahead of listing

The company’s shares were fetching more than a 3% premium in the grey market. It is an unofficial place wh…

Gold and silver rates today, August 16

The 24-carat gold rate in India was Rs 70,150 per 10 grams on August 16. The rate for 24-carat gold per gram is Rs 7,015. The rate of 22-carat gold was Rs 64,304 per 10 grams.Come from Sports betting site VPbet

The rate of 24-carat gold has risen by 0.4% in the last one week, and the yellow metal has risen by 0.45% in the last ten days. The silver currently quotes at Rs 802.8 per 10 grams.

Gold rate in Delhi on August 16

The gold rate in Delhi was Rs 70,030/10 grams on August 16. On August 15, the gold was quoted for Rs 70,020/10 grams, and last week, on August 09, the price was Rs 69,690/10 grams.

G…

The rupee paused its three-day slide and inched up 2 paise to 83.23 against the US dollar in early trade on Friday amid positive cues from the domestic equity markets and a weak American currency overseas.Come from Sports betting site

An upward trend in the crude oil prices and selling pressure from foreign equity investors continued to weigh on the Indian currency, forex traders said.

At the interbank foreign exchange market, the local unit opened at 83.24 and gained further to reach 83.23 against the greenback, up 2 paise from its previous close.

Premier Energies IPO last day: Check subscription status, GMP, and other key details IndiGo skids 2% as shares worth Rs 11,000 cr changes hands via block…

HBO’s The Last of Us has begun production on its highly anticipated second season. Isabela Merced, who plays Dina in the sophomore season, told Deadline that she recently began filming her scenes and had very good things to say about her co-star Kaitlyn Dever, who plays Abby.

She said Dever is “one of the most talented actors I’ve ever worked with.”

Merced also teased that someone who she can’t reveal recently joined the cast of The Last of Us for Season 2, and she’s excited about that, too. “I can’t say who just joined. But he’s amazing. And he’s a future superstar and already a superstar in my eyes,” she said.

Merced said she played The Last of Us: Part II in one weekend and is a big fan. “And then I wondered, how is this going to translate onto TV,” she said.

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Blizzard has announced new content will be arriving in Hearthstone as a part of the Season 3 update. The upcoming season is scheduled to drop on January 17, and players can use new minion/dual minion types, apply new cosmetics, and more.Come from Sports betting site VPbet

The upcoming Season 3 will be based on The Battle For Silver Moon. This is where the Blood Elves defend themselves from the Lich King’s Scourge. With the Season 3 pass, players can use new boards and emotes. They’ll also be able to dress up their heroes with new cosmetics themed around the Silvermoon or the Scourge.

The new Undead minion types work well with the reborn and deathrattle effects. In addition, several minions will receive the und…

The renowned EGT Digital keeps expanding its partner network across the key markets around the globe. Following the expansions to the Croatian and South African markets, the company now extended its reach to Greece, where the operating license has recently been issued to this renowned Bulgarian-based provider.

Offering fantastic releases to Greek players:

EGT Digital’s debut in the Greek market occurred thanks to the partnership with Stoiximan, a renowned gaming platform operated by Kaizen Gaming. Kaizen Gaming is a leader in the global GameTech industry

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