Private markets have traditionally been the playground of sophisticated investors in India, offering access to a vast universe of investment opportunities beyond the publicly traded landscape. Private markets have long provided useful capital both equity and debt, flexible capital structures, and strategic partners to the entrepreneurs. Over the years, this alternative investment class has gained…
Global e-commerce giant Amazon on Saturday sold shares of business services provider Quess Corp for Rs 46 crore through an open market transaction, while promoter billionaire Prem Watsa promoted Fairfax Capital increased its holding in the company. US-based Amazon, through its investment arm Amazon.com NV Investment Holdings, offloaded 7.54 lakh shares or 0.50 per cent…
I recently asked ChatGPT to name some of the most underrated cricketers of all-time. ETMarkets.com Source: ChatGPT Interestingly, the response it gave had one common thread: all of them were middle-order players. While GPT’s responses may vary based on timing and prompts, one thing seems to be pretty clear: in a world obsessed with flashy…
Adani Enterprises Ltd, the flagship company of the ports-to-energy conglomerate helmed by billionaire Gautam Adani, is likely to see consolidated revenue grow at a CAGR of 17.5 per cent and net earnings by 45.8 per cent over 2023-24 fiscal year (FY24) and FY27, a report said. AEL is one of India’s largest listed incubators which…
Vodafone Idea (Vi) is raising Rs 1980 crore from its promoter Vodafone Group Plc by issuing fresh equity on a preferential basis, after the UK parent sold its residual stake in Indian telecom tower unit Indus Towers last week. The funds will be used by Vi to clear a portion of its dues to Indus…
Foreign investors pulled out Rs 21,612 crore (USD 2.56 billion) from the Indian equity market in November, mainly due to the rising US bond yields, strengthening dollar and expectation of a slowdown in the domestic economy. While the sell-off continues, the quantum of net outflow significantly reduced compared to October, when FPIs recorded a massive…
Foreign direct investment (FDI) equity inflows into India rose 43.1% on-year to $13.6 billion in July-September this fiscal, data released by the Department for Promotion of Industry and Internal Trade (DPIIT) Friday showed. FDI inflows were $9.5 billion in the year ago period. Total FDI, which includes equity inflows, reinvested earnings and other capital, grew…
Capital markets regulator Sebi has granted an exemption to Roshni Nadar, Chairperson of HCL Tech, from making an open offer for her proposed indirect acquisition of shares and voting rights in the company. This approval paves way for Roshni to take a larger ownership role in key entities that control HCL Technologies, a move aimed…
Global investors are likely to find relative safety in India’s financial markets from the spillover of Donald Trump’s economic policies, including from any protectionist trade policies that could spark emerging market volatility. Trump’s decisive election victory last week and his impending return to the White House next month has raised significant uncertainty for investors. However,…
While there is still a suspense over the timing of National Stock Exchanges’ (NSE’s) initial public offering (IPO), the buzz around its public issue has grown in the last 3-4 months, sparking a rally in its share price by 35-45% in the unlisted market. From a price of Rs 4,300, 3-4 months ago, NSE shares…