BUSINESS
BSE, NSE GIFT City units to be merged by Jan 2024; direct listing by April
The advantages of trading in GIFT City are simple, all trades are dollar-denominated. Thus, foreign investors would not have to incur the extra cost of converting their currency and hedging it
BUSINESS
Samir Arora's hot picks: HDFC Bank, Zomato, KPIT Tech, MCX and what more?
Indian Hotels, ITC, Lemon Tree also feature in the list. Among smallcaps, the fund has less than 1 percent allocation in Mrs Bectors Foods, Landmark Cars, Westlife Foodworld and Solar Industries
BUSINESS
Rupee hits record low, but why are exporters not celebrating?
Companies in sectors like IT, pharma, chemicals, oil marketing and textiles generally gain when the rupee falls. This time, the story is different. Analysts explain why.
BUSINESS
Fireside Ventures booked 4,500% profit on Mamaearth investment. More selling to come?
Category I AIFs (alternate investment funds) holding less than 20 percent of the pre-offer share capital are exempt from the six-month lock in period
BUSINESS
Foreign investors to soon rush for India, time to look at largecaps, says Saurabh Mukherjea
Breaking down the math, he said that in the context of the global FII community, India has a very small allocation. Foreign investors have allocated just $0.6 trillion to India compared to $3.5 trillion to China. In terms of dollar returns, China has been a disappointment
BUSINESS
Saurabh Mukherjea cut position in Bajaj Finance after Q2 earnings concall. Here's why
The company also said that they have been closely monitoring the Stage-2 rural B2C segment and taking corrective actions, which has resulted in moderate growth in this segment.
BUSINESS
IPO frenzy: HNI bid size falls but number of applications rise
The earlier norm was to bid huge amounts in a single application and corner shares in allotment. Now, it has changed to putting up multiple applications by turning to friends, family or even foe, said experts
BUSINESS
IPO frenzy: About 25% HNI applications in Tata Tech, IREDA backed by leverage in record week for primary markets
Earlier, HNIs used to put in huge bids and corner shares in the allotment process. SEBI changed the rule of proportionate allotment and converted it to lottery in case of oversubscription
BUSINESS
SEBI unlikely to implement 24-hour mandate on addressing market rumours, say sources
The regulator along with Bombay Stock Exchange and National Stock Exchange has formed a working group to completely overhaul LODR (Listing Obligations and Disclosure Requirements) and ICDR (Issue of Capital and Disclosure Requirements), the sources added
BUSINESS
Deepinder Goyal gets Mamaearth IPO allotment, no-show from Ashneer Grover
Gurugram-based beauty and personal care company mopped up Rs 765.2 crore from 49 anchor investors on October 30, the day before issue opening
BUSINESS
Mamaearth IPO: An empty vessel making loud noise?
Given the dull subscription numbers for the initial public offering on Day 1, investors seem to be consciously avoiding any risk.
BUSINESS
Mark Mobius sees Sensex at 1 lakh in next 5 years; bets on Dreamfolks, MapmyIndia and more
According to Mobius, investors can find such companies in sectors like software, construction materials and healthcare. For instance, he is betting big on stocks like Persistent Systems, APL Apollo Tubes, Dreamfolks Services and MapMyIndia
BUSINESS
Butterfly Gandhimathi public shareholders vote against merger with Crompton
Crompton Greaves currently holds 75 percent in Butterfly Gandhimathi and is classified as a promoter entity. It was already consolidating Butterfly’s financials post its majority stake acquisition in 2022.
BUSINESS
Notification for direct listing of firms on GIFT City awaits PMO approval
There are two operational international exchanges at the GIFT City - BSE's India INX and NSE's International Exchange
BUSINESS
Nifty to hit 20,000 by March 2024 again, investors should take a deep breath: Andrew Holland
The drivers for global markets are still to be determined. US treasury yields have been close to 5 percent for some time now, and oil prices have been on the rise. However, global markets have yet to fully appreciate the magnitude of the risks., said Andrew Holland
BUSINESS
Mamaearth IPO: Shilpa Shetty looks at 8x returns, Snapdeal co-founders 100x!
Mamaearth IPO: Marico's Rishabh Harsh Mariwala's average cost of acquisition was Rs 6.05 per share so he is sitting on 53x return. The IPO consists of a fresh issue of Rs 365 crore and an offer for sale of up to 41.25 million shares
BUSINESS
Bargains or falling knives: Circuit filter data shows mid, smallcaps still have takers
The panic-induced selling in markets is cleansing excessive valuations, particularly in the mid and small-cap sectors. Some fund managers believe this is a good time to deploy cash they have been sitting on
BUSINESS
Markets likely to see a dead cat bounce in next 2-3 days, says Rohit Srivastava
The market may have slipped from a bull market to a slightly bearish one for some time. especially because of the risk of a US recession hitting early next year, says Srivastava
BUSINESS
If Nifty breaks 18,800 support, then it may fall another 300 points, says this technical analyst
Be more focused on largecaps than mid- and smallcaps for the initial sign of reversal because you need largecaps to come in front now, said technical analyst Dinesh Nagpal
BUSINESS
Mamaearth price band likely to be in the range of Rs 320-350
Shilpa Shetty Kundra's cost of acquisition was Rs 41.86, which means 13x gain on investment if the issue price is Rs 350
BUSINESS
KFin Tech aims to maintain margins in 42-45% band, eyes entry into US and Europe soon
For the quarter ended September, KFin Tech reported 28 percent YoY jump in consolidated net profit at Rs 61.4 crore. The company’s revenue from operations grew 16 percent YoY to Rs 209 crore in Q2FY24 from Rs 180 crore in Q2FY23.
BUSINESS
Midcap meltdown: Should investors look at largecaps now?
Midcaps have outperformed largecaps so far, ever since the market upmove started from March. Nifty 50 is up 13 percent while Nifty Midcap 100 is up over 32 percent. During this time, valuations in the midcap space have become extremely frothy
BUSINESS
Street awaits Ashok Vaswani's 'tech touch', overhang on Kotak Bank remains
While the stock has been a consistent compounder in the past two decades, the overhang of Uday Kotak's exit has been weighing for two years. The stock has been trading the Rs 1,700-Rs 2,100 range since the beginning of 2021
BUSINESS
Prashant Jain's stock picks: Portfolio reveals old favourites still top the list
Consumer discretionary and industrials/capex are the two sectors Jain's fund is overweight on. For consumer discretionary, his reasoning lies in per capita income rising above $2,000 and, for industrials, it is government policies
