Synopsis Even the best of the rational brain can make wrong decisions when there is too much noise which gets created due to a narrative. Now for the last few days a narrative has been created that due to polls, FPI are selling. These kinds of narratives tend to hit the sector and stocks which … Read more
A New York appeals court judge Tuesday rejected former President Donald Trump‘s latest bid to delay his hush money criminal trial while he fights a gag order, clearing the way for jury selection to begin next week. Justice Cynthia Kern’s ruling is yet another loss for Trump, who has tried repeatedly to get the trial … Read more
Like with the last episode of Business Matters, this one too was triggered by a headline I saw in an article: “India fears losing out to China in smartphone exports race”. This Reuters piece cited IT Minister of State Rajeev Chandrasekhar’s letter dated January 3 to Finance Minister Nirmala Sitharaman expressing fears that India’s high … Read more
New Delhi: The Mistry family, promoters of Shapoorji Pallonji (SP) Group, is looking to raise ₹15,000 crore in five-year loans against cash flows in their real estate business to replace high-cost debt, according to people with knowledge of the matter. The funds will be used to redeem bonds issued three years ago that have onerous … Read more
Vibhor Steel Tubes IPO received the highest subscription so far at nearly 300 times, driven by strong non-institutional and retail interest. Post the overwhelming response, the company is likely to finalise the share allotment later today. The whole allotment process will be overseen by a registrar and investors will get the shares on a lottery … Read more
“I do not see a big market share attrition either, just given that the way the market is structured and therefore, I find this to be attractive valuation,” says Pranav Gundlapalle, Sr Research Analyst, Sanford C Bernstein. Let me first actually quote a line that has come in in your particular note where you have … Read more
An expert committee formed by Sebi on Friday suggested to abolish the requirement of a mandatory security deposit with the exchanges before a public issue, a move that could make it easier for companies to access the primary market. Under the current rule, any company that is looking to launch a public or rights issue … Read more
Exactly on this day a year ago, the Indian stock market had woken up to an explosive report from a hitherto unknown entity on Dalal Street. Before investors could finish reading the summary of the 106-page Hindenburg report, Adani stocks started falling like ninepins.In next seven trading sessions, as the issue erupted into a major … Read more
On Friday, Reserve Bank of India (RBI) Governor Shaktikanta Das said the central bank plans to introduce a unified regulatory framework for web-aggregation of loan products (WALP) across all regulated entities. This new initiative aims to ensure fair practices, customer protection, and data transparency. The Governor said there is a need for a comprehensive approach, … Read more
Witnessing India’s tremendous economic progress, the country has become the leading destination for NRIs, attracting a significant influx of NRI-led investments or businesses. Given the abundance of investment opportunities, from mutual funds, and bonds to real estate, the country has myriad options that are bound to tantalise every NRI’s financial palette. Apart from the lucrative … Read more