What Is Grex?
Amid the growth of urbanisation, the housing shortage in India has touched 18.78 million units. Approximately 56% of households in urban India now have four or less members, which is a marked change in Indian housing sector in the past 10 years
Telecom major Vodafone India invested Rs 115 crore last fiscal for upgrading network and distribution in Madhya Pradesh and Chhattisgarh circle.
India currently contributes less than 1% of the Global Senior Living industry, highlighting the huge demand and supply gap of the sector – and its implied growth potential.
Manish Kumar, EVP and CIO of ICICI Prudential Life Insurance is positive on private sector banking space.
Manish Kumar, EVP and CIO, ICICI Prudential Life Insurance is positive on automobile stocks including Tata Motors and Mahindra and Mahindra (M&M).
Manish Kumar of SBI Cap Securities and Abhimanyu Bhandari of Axon Partners explain, in a discussion on CNBC-TV18, that the legal duel between GMR and NHAI regarding the termination of a significant road-project due to delays in the grant of environmental licences, will mark a precedent for projects across all sectors in the economy.
Kumar believes, in market conditions like this investors should focus more on balance sheet than P&L. So, going forward, "We would like to take long-term strategy calls on 70-80% of the portfolio. While on the balance 20% we would keep taking tactical calls," he added.
Manish Kumar, executive vice president and head of investment at ICICI Prudential Life Insurance, in an interview with CNBC-TV18's Latha Venkatesh and Ekta Batra, said the market will continue to remain volatile in the short term; however, there is a possibility that it may climb back to 5200-5400 level.
Manish Kumar chief investment officer at ICICI Prudential Life Insurance is betting on metal and auto shares to deliver superior returns even as the broader market is likely to remain range-bound for a while.
Financial markets reacted positively to the Union Budget for FY12e as the Finance Minister offered a fairly robust outlook for GDP growth (9.0%) and reiterated his commitment to keep the fiscal deficit under control.