Mumbai: Godrej Properties, the real estate development arm of the Godrej Group, is likely to surpass its own guidance of adding projects with total revenue potential of over Rs 15,000 crore to its development portfolio in the current financial year, Pirojsha Godrej, executive chairman, , told ET. The company has added six new projects with … Read more
Institutional investors were souring on cryptocurrencies even before this week. The sudden downfall of Sam Bankman-Fried’s FTX.com may have permanently damaged their prospects of being included in mainstream portfolios. While plenty of industry die-hards remain, many professional money managers are saying the case for crypto as a portfolio diversifier or digital gold has been debunked. … Read more
, part of the FMCG sector, is looking strong from a valuation perspective as well as from a growth point of view which makes it a preferred long-term buy, suggest experts. The FMCG stock is trading with a Mcap of over Rs 97000 cr as on 7 November. It hit a record high of Rs … Read more
“When Fed sneezes, rest of the world catches a cold” is a popular and much-used phrase in the world of investment and reflects America’s dominant role in global economics and portfolio flows. The original phrase was “When Paris sneezes, Europe catches a cold.” And was penned by Austrian politician Klemens von Metternich (1773-1859) at the … Read more
New Delhi: Domestic equity markets ended the week on a higher note, extending the gains on the back of upbeat earnings from India Inc and supportive global cues. Both benchmark indices – BSE Sensex and Nifty50- jumped more than 2 per cent each. Midcap and smallcap indices also ended in red, whereas fear gauge index … Read more
Markets regulator Sebi on Friday said portfolio managers can invest a maximum of 30% of clients’ assets in the securities of their ‘associates‘ or related parties. This came after Sebi amended portfolio managers’ rules on Monday that mandated prudential limits on investments in associates and related parties of portfolio managers, the requirement of taking prior … Read more
Technical analysts expect the Nifty to test 17,300 in the short term after the index closed above the 17,000-mark for the first time in nearly two months on Friday. The Nifty ended with a gain of 2.6% last week at 17,158.25. If it crosses 17,300, a further upmove towards 17,800 cannot be ruled out, said … Read more
Green Bonds are fixed-income instruments issued for the specific purpose of funding projects that have constructive environmental and or climate benefits. Like any typical coupon-bearing debt instrument, they have a specified end objective for using the funds raised. The bond issuer is bound to exclusively utilise the proceeds to finance eco-friendly ventures or assets such … Read more
Emirates Telecommunications Group Company PJSC, now known as e&, has acquired a 9.8% stake in Vodafone for $4.4 billion, it said on Saturday. The move comes days after e& said it was looking to expand into new markets in Africa, Europe and Asia and in areas outside telecoms such as financial technology as its seeks … Read more
Fund managers have shown a preference for bottom-up ideas in sectors beyond IT and pharmaceuticals in December when compared to the previous month. Two trends have clearly emerged in portfolio changes of leading fund houses in December 2021. Due to elevated valuations, large-sized fund houses continue to show high inclination to tap into IPO (initial … Read more