By Atul PM Inflation is like a ‘wolf in a dog’s skin’. You need inflation to boost your consumption demand and output, but it’s also a silent killer of your wealth. India, like all many other economies, is now wrestling with this complex impasse. Meanwhile, on Dalal Street, investors are confused whether to buy every … Read more
The domestic equity market corrected sharply midway through the week gone by on renewed fear of a spike in Covid-19 cases and fresh restrictions in some of the advanced countries. With the US Election Day just three weeks away, global markets have also slipped into a wait-and-watch mode. Both political parties in the US have … Read more
By Cormac Mullen Traders need to reduce expectations that a delayed U.S. election result could upend markets, according to Goldman Sachs Group Inc. While a delayed outcome is a “tail risk,” a combination of early results, voter turnout, county-level data and the high correlation of polling errors across states suggests investors will have enough information … Read more
Mumbai: Chemcon Speciality Chemicals has raised Rs 95.4 crore through allotment of 28.06 lakh shares to anchor investors at Rs 340 per share, according to an exchange notification. IDFC Emerging Business Fund, IDFC Dynamic Equity Fund, ICICI Prudential Child Care Plan Gift Plan, IIFL Special Opportunities Fund Series 7, HSBC Global Investment Funds, Mirae Asset … Read more
MUMBAI: The IPO market is buzzing once again with three initial public offers (IPO) – Computer Age Management Services (CAMS), Chemcon Specialty Chemicals and Angel Broking – opening for subscription next week. All three IPOs are likely to get a good response from the investors following the huge successes of the last three – Rossari … Read more
Investors and brokers have been grappling with the chaos triggered by the implementation of the new norms on pledging and unpledging of shares introduced by the Securities and Exchange Board of India (Sebi). ET takes a look at what caused the confusion and the ensuing events: What is the new pledge system?Sebi recently introduced a … Read more
NEW DELHI: L&T Finance Holdings will raise up to Rs 200 crore by issuing bonds, offering 8 per cent interest to investors. “The Committee of Directors of the company today i.e., August 19, 2020, through a resolution passed…approved the offer and issuance of up to 2,000 unsecured, redeemable, non-convertible debentures (NCDs) aggregating to nominal amount … Read more
BENGALURU: Unacademy is finalising a deal to raise around $150 million led by SoftBank, sources in the know told ET, boosting the ed-tech startup’s pre-money valuation to $1.3 billion, second only to industry leader Byju’s. Unacademy last picked up $110 million from Facebook and PE firm General Atlantic in February, at a valuation of $510 … Read more
NEW DELHI: Equity mutual funds saw the first monthly net outflow in four years as investors preferred to book profits instead of staying invested, a sign that reflects declining cash flows of households and fear of a crash in the market. Amfi data released for the month of July said investors withdrew a net Rs … Read more
State governments are paying more than sovereign-backed companies to raise money from the bond market. The virus-induced economic crisis cuts into their routine inflows including GST, VAT fanning investor concerns. Select state bonds like Tamil Nadu, West Bengal, Uttar Pradesh are yielding 7-15 basis points higher than corporate bonds of PGC, NTPC, IRFC, dealers said. … Read more