Over the past few years, it has expanded its reach (particularly in international markets) and added huge manufacturing capacity with focus on high-value products and branding. These past efforts are now expected to yield results.
"Increased FDI inflows in the country are largely attributed to intense and bold policy reforms the government undertook to bring pragmatism in the FDI regime. The country has now become the topmost attractive destination for foreign investment," the commerce and industry ministry said in a statement.
The IPO will open on May 17 and close on May 19 and has a price band of Rs 98-100 per unit.
Avendus Absolute Return Fund, the first Equity Long/ Short alternate investment fund managed by a team led by Andrew Holland and Vaibhav Sanghavi, achieved the target by raising funds from HNIs, multi-family offices and corporate treasuries, the company said in a statement.
Deal data seems to suggest that Porinju Veliyath of Equity Intelligence has recently cornered close to 100,000 shares of Shalimar Paints at Rs 197.84 a share.
Share buyback typically improves earnings per share and is a mechanism to return surplus cash to shareholders besides supporting share price during periods of sluggish market condition.
Consultancy EY said the cost of equity has remained constant even as interest rates declined over a period of time.
Any fiscal stimulus on the backdrop of low employment may be inflationary. That is to say that expectation of higher real rates may soon fizzle out. However, we may end up having a scenario of higher nominal rates accompanied with runaway inflation; the price of gold may rise well in that environment.
In an interview to CNBC-TV18’s Udayan Mukherjee, Rana Gupta, MD -Indian Equities at Manulife, shared his reading and outlook on Indian economy and equity markets.
Ajay Tyagi, chairman of the Securities and Exchanges Board of India, today met with the officials of national exchanges, depositaries and Clearing Corporation for the first time since taking over office.
Realty player Puravankara today said it has reduced its debt by Rs 450 crore bringing down the net debt-equity ratio to 0.74 from 0.94 as on December 31 2016.
GIC is investing USD 123.9 million and the ADIA subsidiary the remaining USD 31.1 million, a company release said here.
Today, India’s global position is very similar to that mid-cap company which is trading at rich valuations however undergoing some structural changes having potential to change its very orbit.
The analysis is part of S&P Dow Jones Indices' scorecard SPIVA which tracks the performance of actively managed Indian mutual funds against their benchmarks over the one-year, 3-year, 5-year and 10-year periods, as on December 31, 2016.
The Securities and Exchange Board of India’s Risk Management Review Committee (RMRC) on Tuesday discussed the framework for allowing equity, commodities and currency products at the International Finance Services Centre (IFSC) in GIFT City, Gandhinagar.
In a BSE filing, the company said the board has unanimously "approved the proposal to buyback of not exceeding 4,19,61,780 equity shares of the company (representing 6.23 percent of the total number of equity shares in the paid-up share capital of the company) at a price of Rs 157 per equity share payable in cash for an aggregate consideration not exceeding Rs 658.8 crore,".
After the notice of postal ballot dated February 10, the members of the company passed certain special resolutions and that include "issuance of up to 10,513,238 equity shares of Rs 10 each on preferential basis".
Sensex opened above 500 points, trading above 29,400 and Nifty hit a record high. Nilesh Shah of Envision Capital said that it is good that we don’t have a runaway rally and good if market consolidates around these levels.
This also marks the 11th straight month of inflows into equity schemes. Prior to that, such funds had witnessed a pullout of Rs 1,370 crore in March.
The central government is likely to write to the market regulator Securities and Exchange Board of India (SEBI) for accelerating equity offer documents. This will help the regulator meet its aim of timely listing of the public sector undertakings (PSUs), reports today‘s Business Standard.
While the banking sector is reeling from stress in the corporate loan book, the government and banks are pushing to fund the neglected MSME segment to boost growth through MUDRA loans.
The industry, comprising 43 active players, had an average assets under management (AUM) of Rs 17.37 lakh crore at January-end, the latest data of the Association of Mutual Funds in India (AMFI) showed.
"The board has declared payment of interim dividend of Rs 1.75 per equity share on the face value of a Re for the financial year 2016-17," the Kolkata-based company said in a regulatory filing.
A group of lenders to ailing Air India have turned down the national carrier‘s proposal to recast its Rs 9,000 crore debt by converting half of it into equity.