Tata Motors stands to make 68 times return on the investment it made in its subsidiary Tata Technologies in the mid-1990s making it one of its most profitable bets. The Mumbai-based automotive giant is set to raise a little under `2,300 crore at the upper end of the price band in the initial public offering […]
FPIs pour 57,300-crore in equities in Dec on political stability, robust economic growth
Foreign portfolio investors (FPIs) have injected over Rs 57,300 crore into the Indian equity markets this month so far owing to political stability, robust economic growth, and a steady decline in the US bond yields. With this, total investment by FPIs surpassed Rs 1.62 lakh crore this year. According to the data, FPIs made a […]
In Pictures | Spotlight shines on Vivek Ramaswamy as he takes center stage in the 2024 Republican presidential debate
1/9 The third Republican debate went live in Miami, and the candidate for the 2024 United States (US) presidential polls was looking toward the 2024 Republican presidential candidate. Among these Republican candidates, one is Vivek Ramaswamy, who took the stage in Miami for the third GOP primary debate. He was joined by former President Donald [&he
Private sector will have equal or greater participation in overall capex
Private sector capital expenditure has accelerated in many sectors, like steel and automobiles, and will have a greater share in the overall capex in the medium term, according to Anish Shah, group CEO and managing director, M&M, and the newly elected Ficci president. In an interview with Prasanta Sahu & Rishi Raj, Shah said that […]
‘Take a 5-year view, not Samvat to Samvat’
The real challenge in India’s consumption story lies at the bottom of the pyramid, and the festive season should provide a shot in the arm. Nilesh Shah, MD and CEO of Kotak Mutual Fund, tells Siddhant Mishra in an interview that investors should go for asset allocation funds and be ready to endure volatility before […]
Shein IPO raises fresh questions on alleged forced labor in supply chain
As China-founded e-commerce behemoth Shein moves to list in New York, U.S. lawmakers are again calling on it to prove that forced labor is not used to make its $5 t-shirts and $10 sweaters. Shein confidentially filed for an initial public offering on Monday and could launch sales of its shares some time in 2024. […]
India’s tea production rises by 12.06 per cent to 182.84 million kg in October
Tea production in the country increased by 12.06 per cent to 182.84 million kg in October this year as compared to 163.15 million kg in the corresponding month last year. According to Tea Board data, production of the crop in West Bengal rose to 54.98 million kg in October, as against 49.75 million kg in […]
Mcap of three of 10 most valued firms jump Rs 70,312.7 crore; Reliance biggest winner
The combined market valuation of three of the 10 most valued firms jumped Rs 70,312.7 crore last week, with Reliance Industries emerging as the biggest winner, amid volatile market conditions. From the top 10 pack, Reliance Industries, HDFC Bank and Hindustan Unilever were the gainers, while Tata Consultancy Services (TCS), ICICI Bank, Infosys, Sta
In Memoriam: Charlie Munger
The global financial markets have lost a legend with the passing of Charlie Munger, aged 99 on Tuesday night in California. One of the brightest stars in the investing firmament and known for his wit and financial wisdom, he was more than what his job title as the vice-chairman of Berkshire Hathaway could ever encapsulate. […]
Rising cost of imported coal may impact power tariffs
Global coal prices, which were trading at a lower range in the first half of the current financial year, are likely to see a spurt in the second half, likely having an impact on domestic e-auction prices of the fuel as well. However, Coal India may still not revise the prices up through the year, […]