Real estate stocks of Mumbai-based companies have been hitting lifetime highs on expectations that launches, steady demand, and price increases in the largest real estate market in the country would boost their financials. Macrotech Developers (Lodha) and Oberoi Realty hit their all-time highs last week, while Godrej Properties came close to its 52-week high… Continue reading Mumbai realty firm stocks may climb wall of worry, one valuation at a time
Tag: firm
Firm demand at auction weighs on yield of on-the-run government bonds
The weekly government bond auction saw stronger than anticipated demand, which influenced the secondary market, pressuring the yields of active bonds, according to dealers. The government sold bonds worth Rs 39,000 crore. On Friday, the yield on the benchmark 10-year government bond dropped to 7.19 per cent from 7.20 per cent on… Continue reading Firm demand at auction weighs on yield of on-the-run government bonds
Fintech firm Paytm’s average monthly users increase by 19% to 9.3 crore
Payment volumes for merchants or Gross Merchandise Values (GMV) rose 39 per cent on-year at Rs 1.47 lakh crore. (Photo: Bloomberg) Fintech company Paytm on Thursday said its average monthly users rose by 19 per cent on-year to 9.3 crore. Merchant subscriptions stood at 82 lakhs, with 41 lakh new subscriptions over the… Continue reading Fintech firm Paytm’s average monthly users increase by 19% to 9.3 crore
Honasa Consumer, healthcare tech firm Indegene get Sebi’s nod to float IPOs
Honasa Consumer Ltd, which owns FMCG brands Mamaearth and The Derma Co, and healthcare tech firm Indegene Ltd have received markets regulator Sebi’s clearance to raise funds through Initial Public Offerings (IPOs). In addition, engineering, procurement and construction (EPC) firm Vishnu Prakash R Punglia Ltd obtained Sebi’s go-ahead to float the initial share… Continue reading Honasa Consumer, healthcare tech firm Indegene get Sebi’s nod to float IPOs
‘Lagaan’ art director Nitin Desai found dead, firm defaulted on loan
Renowned art director Nitin Desai, the creator of lavish sets for films such as Jodhaa Akbar and “Lagaan” as well as the popular TV quiz show Kaun Banega Crorepati, was found hanging at his studio in Karjat near Mumbai on Wednesday. He was 57. Desai’s company ND’s Art World Pvt Ltd had… Continue reading ‘Lagaan’ art director Nitin Desai found dead, firm defaulted on loan
Investment firm attempts to sell assured return product to Sebi official
Capital markets regulator Sebi has imposed a penalty of Rs 12 lakh on investment adviser Investment Visor for promising assured returns, making misleading claims on its website and mis-selling to clients. Praveen Verma is the proprietor of Investment Visor. Incidentally, one of the employees of Investment Visor called up a Sebi official… Continue reading Investment firm attempts to sell assured return product to Sebi official
PE firm ChrysCapital enters race for Glenmark Life Sciences acquisition
Private equity firm ChrysCapital is now a contender for the acquisition of Glenmark Life Sciences, having placed a binding offer for the company that could amount to as much as Rs 7,000 crore, according to banking sources. Notably, Nirma, a detergent to chemicals manufacturer, and Sekhmet Pharmaventures have also submitted binding bids for the… Continue reading PE firm ChrysCapital enters race for Glenmark Life Sciences acquisition
Govt stands firm on its decision to levy 28% GST on e-gaming, casinos
The government officials clarified that so long as money is involved in a game, govt will make no distinction between a game of skill and a game of chance The government officials have clarified that the proposed 28 per cent goods and services tax (GST) on online gaming and casinos is here to stay,… Continue reading Govt stands firm on its decision to levy 28% GST on e-gaming, casinos
TCS reclaims title of 2nd most valued firm by mcap; HDFC Bank 3rd place
Largest IT services company Tata Consultancy Services (TCS) jumped to the second spot in the list of most valued firms by market valuation, overtaking HDFC Bank. At the close of trade on Monday, TCS commanded a market capitalisation (mcap) of Rs 12,51,798.07 crore which was Rs 6,049.69 crore more than HDFC Bank’s Rs… Continue reading TCS reclaims title of 2nd most valued firm by mcap; HDFC Bank 3rd place