TAQA Looks to Bet Big on Adani’s Power Biz Abu Dhabi National Energy Co. PJSC (TAQA) is looking to double down on India and is evaluating a large exposure in the expansive power businesses of Gautam Adani that span thermal generation to transmission, clean energy and green hydrogen, said people aware of the matter. Big … Read more
Franklin Templeton Asset Management sold 0.1% of its holding in LIC last month, while Union Mutual Fund exited the company by selling all its holdings. One other D-Street favourite that was dumped by MFs was Radhakishan Damani’s Avenue Supermarts. Indiabulls Mutual Fund, Union Mutual Fund, and Groww Mutual Fund were sellers in the D-Mart retail … Read more
Radhakishan Damani, an Indian billionaire and the founder and CEO of Avenue Supermarts (DMart), who has a massive net worth of Rs. 13,568 crores, made one of the biggest property deals of 2023. Along with his family members and associates, he has purchased 28 apartments worth Rs 1,238 crores in a premium residential property in … Read more
With contrasting personalities that often complemented each other, the eternal friendship between the two bulls on Dalal Street – Rakesh Jhunjhunwala and Radhakishan Damani – is no less memorable for investors than the Jai and Veeru partnership of ‘Sholay’ for Bollywood fans. Until separated by Jhunjhunwala’s death on Sunday morning, the duo sailed through many … Read more
Tata Group firm recently came out with its annual report, which suggested the retailer is pursuing growth aggressively, at all cost. The stock has performed exceptionally over the last five years, delivering nearly 35 per cent returns compounded annually. A few brokerages see up to 36 per cent further upside on Trent. This is despite … Read more
New Delhi: Seasoned investor Gopikishan Damani trimmed his stake in during the March 2022 quarter, the latest shareholding data suggests. According to a regulatory filing, Gopikishan Shivkishan Damani sold 10 lakh equity shares of the Chennai-based cement maker during the January-March period. Damani held 2,52,16,496 shares or 8.14 per cent stake in the company as … Read more
NEW DELHI: Radhakishan Damani owned , which operates D-Mart store in the Western India, is set to report up to 5-fold increase quarter-on-quarter in profits, albeit on a low base, when it published its results on Saturday. Analysts tracking the company said it will report 48-52 per cent sequential and 45-47 per cent annual growth … Read more
MUMBAI: An unusual battle is brewing in the stock market. Its fate will decide who will become the next Nifty50 stock and be counted as part of the elite circle of India’s stock market. According to brokerage firm , there are two candidates to be included in the next reconstitution of the premier stock index … Read more
New Delhi: A surge in Covid-19 second wave in the country has led to the suspension of the ongoing edition of Indian Premier League (IPL). The cricket tournament has been postponed indefinitely, as at least half a dozen players and support staff from different franchises have tested Covid positive. After the developments in the last … Read more
MUMBAI: Radhakishan Damani-owned Avenue Supermarts may see its profit drop by at least a third in the quarter ended September due to lower footfalls on the back of extended lockdowns amid the Covid-19 pandemic. Kotak Institutional Equities expects the company’s net profit to drop 33.5 per cent year-on-year (YoY) to Rs. 221.7 crore, while it … Read more