Mumbai: Private equity exits through offers for sale and repatriation of MNC profits last fiscal led to a record outflow of foreign exchange – nearly double the net foreign direct investments. As more private equity investments mature in the next few years, the outflows could be more than inflows. Forex outflows under the head ‘Income … Read more
A few brokerages have come out with Nifty50 targets, ranging widely between 13,800 and 18,400. While analysts noted that commodity prices have started falling gradually, they do not rule out correction in valuation multiples going ahead. Nifty50’s trailing 12-month PE ratio has declined 25 per cent since October 2021 to 19.5 times and is much … Read more
NEW DELHI: The government’s passing of Taxation Laws (Amendment) Bill, 2021 to nullify retrospective tax demands will give the divestment plans a major lift. While it may add nothing to the Nifty50 target in the near future, it will increase FDI flows in the medium term, analysts said. The development sent shares of Vodafone Idea … Read more
LONDON: Words can be cheap in the market for loans, now some lenders want to change that. In recent years, borrowers have been able to get a reduction in their interest costs in return for meeting targets linked to environmental, social and governance (ESG) goals. That trend has been turbocharged this year by private equity … Read more