Indian market is likely to trade higher on Thursday tracking positive global cues. The Nifty50 experienced a sharp correction on Wednesday, but it managed to hold on to the 22000 level towards the close of the trade. The market may go sideways after a sharp rise and that may be considered as healthy from the … Read more
Adani Airports Holdings raised Rs 400 crore secured, listed, rated, non-convertible debentures for three and five years offering 10%, said senior officials from the money market. The bonds are raised for capex funding, refinance, and for loans to its special purpose vehicles. While the coupon would be payable annually, the principal will be bullet payment, … Read more
MUMBAI: The Reserve Bank of India (RBI) will meet banks to sort out the grey areas in overseas investment (OI) regulations which have stalled the plans of several wealthy Indians, business families, and startups from taking exposures to foreign securities, funds and companies. Can a resident individual subscribe to an ‘unregulated’ fund in Singapore? Can … Read more
Equity indices broke their six-day winning run on Wednesday. The 30-share Sensex settled 434 lower at 72,623 and the broader Nifty also paired all its intraday gains before closing 141.9 points down at 22,055. Stocks that were in focus included names like Campus Activewear, which rose 3.24%, Devyani International, which increased 1.24%, and Hindalco, whose … Read more
ITC is evaluating the purchase of a 47% stake held by Peak XV Partners (formerly Sequoia Capital) in listed Prataap Snacks, said people with knowledge of the matter. This follows the failure of talks with Haldiram’s owing to a valuation mismatch. Prataap is best known for Yellow Diamond chips and traditional Indian namkeen under the … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) will question the top management of Zee Entertainment Enterprises (ZEE) – including founder Subhash Chandra, chief executive and managing director Punit Goenka, the chief financial officer, as well as current and past board members – on the alleged fund diversion at the media firm, said two … Read more
ET Intelligence Group: Backed by Banyan Tree Growth Capital, GPT Healthcare operates multispecialty hospitals under the ILS brand in eastern India. The Kolkata-based healthcare company is rolling out a ₹525 crore IPO comprising an offer of sale of ₹485 crore and a fresh issue of ₹40 crore. The IPO represents 34% of the post-paid capital … Read more
Mumbai: Conservative investors looking for a mutual fund product that earns them more than bank deposits with high tax efficiency could consider the new fund offer of the Parag Parikh Dynamic Asset Allocation Fund. The scheme is structured to bet on a mix of stocks, bonds, and equity arbitrage opportunities. While most mutual fund schemes … Read more
Mumbai: India’s paints industry could turn into the proverbial red ocean for several incumbents as Aditya Birla Group flagship Grasim makes a big splash with the ‘Birla Opus’ brand, potentially altering market share and profitability dynamics in a sector that has hitherto expanded with far fewer gyrations than one of its biggest revenue generators – … Read more
Enter Farmer Rish!. You might have thought Rishi Sunak was a typical member of the globalist metrosexual elite. Sharp suits and sharper elbows as he rode the Goldman Sachs gravy train to bet against sterling. A man whose main connection to the countryside was as a view to be enjoyed from the privacy of his … Read more
