“So, spending is down 35% year-on-year or compared to what was budgeted and I think that is causing a little bit of a slowdown in the economy, apart from other reasons,” says Hiren Ved, CEO, Director & CIO, Alchemy Capital. Ayesha Faridi: I remember the last time you were in the studios, you were talking … Read more
Select portfolio managers on Dalal Street generated robust alpha for their high net-worth clients in November, when the benchmark equity index BSE Sensex gained 4.87 per cent. On the other hand, the BSE MidCap and BSE SmallCap indices surged 9.64 per cent and 9.35 per cent, respectively, during the same period. With a return of … Read more
Rich investors – among the biggest bidders in recent initial public offerings – are eschewing such share sales these days as uncertain markets and regulatory changes have soured sentiments. Their lack of appetite for these prospective stock market debutants has resulted in recent IPOs just about scraping through in several cases. High net worth individuals’ … Read more
Mumbai: UBS has initiated coverage on Zomato, India’s first listed food delivery platform, with a ‘buy’ rating and a target price of Rs 165, which implies a 24 per cent upside from the current levels. The foreign brokerage sees a long runway for growth in the Indian food delivery space, estimating that will deliver an … Read more
(This story originally appeared in on Feb 05, 2021) New Delhi: Amid criticism over the proposed tax changes for those contributing over Rs 2.5 lakh annually towards provident fund (PF), the government on Thursday said 1.2 lakh subscribers — which is less than 0.3% of the 4.5-crore base — were contributing “huge sums”. Official sources … Read more