With scores of happy-go-lucky retail investors who have never witnessed a full-fledged bear market cycle making tons of money on Dalal Street, the big boys have been left behind in the race at least for now. Market veteran Nilesh Shah of Kotak Mahindra AMC admits this saying experience has become a liability in the market. … Read more
The Indian unit of Korea’s Hyundai Motor is likely to file a draft red herring prospectus (DRHP) with market regulator Sebi over the next two weeks, initiating the process for an initial public offering, said people familiar with the matter.If successful, this would mark the first IPO by an automaker in India in more than … Read more
Share of Embassy Office Park REIT fell nearly 5% on Wednesday following a block deal where global private equity firm Blackstone Group was set to sell its entire stake on Wednesday, according to news reports. The shares however, pared their losses as the session proceeded and at 11:20 the Embassy Office was down by 0.22% … Read more
