IPO Mantra: Handy evaluation guide for IPOs of smaller companies

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One prominent feature of the current equity bull run is the debut by smaller companies through richly-priced IPOs. Often, the nature, size and scale of their businesses seem inadequate to justify the asking valuations. It then becomes necessary for investors to understand the nature of their activities and the scope for future growth. ETIG highlights … Read more

Covid surge: Rural auto, FMCG demand not as green as lush fields

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Rural demand for discretionary products from non-essential consumer goods to automobiles is expected to remain muted this fiscal despite record agricultural produce and good monsoon prediction due to a steep surge in Covid-19 cases in India’s villages, a new report has said. “Loss of impulse demand is expected to be more pronounced in rural areas … Read more

RBI’s forex, liquidity management may dent government revenue

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A stable rupee also squeezed the chances of accretion in the currency and gold revaluation account (CGRA), even as there is debate on whether RBI should dig into this account to pay the government. Synopsis The returns for the Reserve Bank of India (RBI) are likely to be squeezed with investments in low yielding US … Read more