BUSINESS
LIC IPO | LIC sits on over Rs 21,000 crore unclaimed funds
In FY21, the unclaimed amount was at Rs 18495.32 crore versus Rs 16052.65 crore in FY20. In FY19 , this amount was at Rs 13843.70 crore.
INDIA
LIC IPO | Company invests around 37% of total AUM in central govt securities, 24.77% in equities
LIC IPO | total AUM as of September 2021 was at Rs 39.56 trillion against Rs 36.76 trillion as of fiscal year 2021. In FY20, total AUM was at Rs 30.74 trillion.
BUSINESS
LIC IPO | Public issue to make LIC the 8th largest life insurer in asset value among global peers
LIC IPO | As of December 2020, Ping An Insurance holds around $1.38 trillion in total assets while Allianz SE and AXA SA have $1.27 trillion and $965.51 billion, respectively.
BUSINESS
LIC IPO | Draft papers filed. Here are the highlights of DRHP
The IPO consists of an offer for sale of upto 316.25 million shares by the government of India.
BUSINESS
Indian MF industry's AUM may reach Rs 90 trillion by 2030, says Jefferies' Chris Wood
HDFC Asset Management is an interesting investment play, the Greed & Fear report said, adding that it does not, for now, have any of the Indian listed fund houses in the Indian long-only portfolio.
INDIA
Rupee weakens most in four months against US dollar
The currency's sharp drop came after the biggest annual increase in US inflation in 40 years and the RBI’s dovish stance
IPO
Fed tightening may delay listing of unicorns in India: Chris Wood
The arrival of a growing number of listed digital plays is clearly coming, which will add another dimension to the stock market, said Wood.
BUSINESS
MC Interview | Barclays India's Rahul Bajoria: RBI is prioritising growth
Inflation is expected to moderate in FY23, although rising international commodity prices – especially crude oil – remain a source of key upside risk, Barclays India's Rahul Bajoria said.
BUSINESS
MC Interview: Banks' appetite for bonds keeps markets concerned, says India Ratings' Soumyajit Niyogi
In case tightening of monetary conditions in advanced economies gains more traction, adopting calibrated reactions by developing economies will be difficult
BUSINESS
Why is the mood swinging so much on markets? Here's a look at the factors driving volatility
In the morning trade both Sensex and Nifty fell around 1% before rebounding. Now the indices have declined around 0.4%.
BUSINESS
Business resumption recovers from Omicron woes, finds Nomura study
The Nomura India Business Resumption Index recovered nearly 11.5pp to 113.20 for the week ended February 6 versus 104.80 in the previous week, the Japanese financial holding company said
BUSINESS
Bank of Baroda Q3 results | Net profit rises 107% on sharp fall in provisions
Provisions and contingencies fell 27.33 percent from a year ago to Rs 2507.04 crore.
BUSINESS
Godrej Properties Q3 profit jumps over 170% to Rs 39 crore
Revenue from operations jumped 63% to Rs 278.76 crore in the October-December period from Rs 170.49 crore a year ago.
INTERVIEW
BofA Securities India research head expects private capex to pick up significantly from FY24
"Whenever the government has opened up monopolies for private capital expenditure, large private capex has followed in subsequent years but with some lag."
BUSINESS
Jubilant FoodWorks profit up 7.5% in December quarter
Revenue from operations grew 13.2%, total expenditure rose 13.07%, Ebitda margin improved 24 basis points to 26.6%
EARNINGS
MC Interview: DBS Bank senior economist Radhika Rao on why yields shot up on Budget day
"Ahead of the monetary policy review, 10 year yields are up sharply, building on a 30 basis point rise on a year to date basis, fuelled by strong gains in US yields, rally in oil prices, upcoming policy normalisation and anticipation of a higher borrowing programme."
EARNINGS
MC Interview | Budget has no negative surprises, says Dr VK Vijayakumar of Geojit Financial Services
"Equities have been in a brief pre-budget rally supported by renewed strength in the mother market US. This positive sentiment continued on the budget day also."
MARKETS
Budget 2022 | 10 year bond yield surges 20 basis points as Centre misses fiscal deficit target
The 10-year bond yield rose to 6.85% from its previous close of 6.67%. Bond yield and prices move in opposite directions.
BUSINESS
FIIs sell equities for fourth straight month, biggest losing streak in five years
However, Vijaykumar expects a post-Budget rally triggered by some positive proposals can turn the market around prompting FPIs to turn buyers.
BUSINESS
Vedanta Q3 Results | Profit grows 26.75% to Rs 5,354 crore, revenue up nearly 50%
The performance was driven Aluminium and Zinc-India businesses owing to higher LME prices and production ramp-up
BUSINESS
Vedant Fashions sets price band of Rs 824-866 a share for its IPO
Vedant Fashions Ltd, which owns ethnic wear brand Manyavar, has fixed its price band at Rs 824-866 a share for its initial public offering (IPO). The firm earlier said that its IPO will open on February 4 and close on February 8.
BUSINESS
Boat owner seeks SEBI approval for Rs 2,000-crore IPO
The IPO will consist of a fresh issue of Rs 900 crore and offer for sale of Rs 1100 crore by its promoters and shareholders
IPO
AIF, Credit Suisse, Integrated Core Strategies, Societe Generale sell substantial shares in SJS Enterprises
Alternate Investment Funds, Credit Suisse Singapore, Integrated Core Strategies Asia Pte and Societe Generale name are missing in SJS Enterprises' latest December quarter shareholding data.
BUSINESS
Crash in new-age tech IPO stocks sours sentiment in unlisted market
Dealers point to sharp decline in trade volumes and investor interest to buy shares of companies that are on the verge of bringing out their IPO
