8 of top 10 most-valued firms lose nearly Rs 2 lakh crore in m-cap
Eight of the top-10 most valued firms together lost Rs 1,65,180.04 crore from market valuation in a holiday-shortened last week, with HDFC Bank and State Bank of India taking the hardest hit in line with a weak trend in equities. Last week, BSE benchmark Sensex fell by 1,906.01 or 2.39 per cent. Equity markets were…
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Tech Mahindra shares jump 4% after Q2 PAT jumps 153%. Here’s what brokerages say
Shares of IT company Tech Mahindra today surged 4% in an intraday session to their new 52-week high of Rs 1,761.30 after the company on Saturday reported a 153.1% year-on-year (YoY) to Rs 1,250 crore for the second quarter, while its revenue rose by 3.5% YoY to Rs 13,313 crore in the said quarter. On…
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Netflix shares jump 10% to hit record high as strong subscriber additions ease growth worries
Netflix shares hit an all-time high on Friday, buoyed by investor optimism that its robust content lineup will help the streaming giant maintain upbeat subscriber growth even as the boost from its password-sharing crackdown wanes. The company, widely seen as the winner of Hollywood’s streaming wars, saw its stock rise nearly 10% and was set…
READ MORESattva Group, Bain Capital ink $100 mn deal to build co-living platform
Real estate developer Sattva Group and US-based private equity firm Bain Capital are entering into a $100 million partnership to develop a built-to-suit co-living platform, said people familiar with the development.The platform will be housed under Colive, a company that manages rental homes, they said, adding that this is the largest funding received so far…
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SMC Finance looking to raise Rs 600 cr equity: sources
SMC Finance is in talks with private equity funds and impact funds to raise equity of around Rs 600 crore, people aware of the development told ET. The promoters of the company, also known as Moneywise Financial Services Pvt. Ltd., have mandated Prudenthill Advisors LLP and Riverstone Capital Private Limited, both founded by ex-Credit Suisse…
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The Yen Carry Trade: Will it hit the headlines & your portfolio once again before US elections 2024 ?
Synopsis While a number of investors heard the term “ Yen carry trade” for the first time in early August, the fact is that literally every sharp hit to the equity market or a real economic crisis which different markets have witnessed since 1990, Yen carry trade had played a role. Right from the Asian…
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Madhabi Puri Buch earned revenue in potential rules violation, documents show
The head of India’s markets regulator, Madhabi Puri Buch, continued to earn revenue from a consultancy firm during her seven-year tenure, potentially breaching rules for regulatory officials, according to public documents reviewed by Reuters. Hindenburg Research has alleged a conflict of interest in Buch’s investigations surrounding the Adani Group due to her previous investments. The…
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FPIs pump in Rs 52,910 crore as Budget aims to foster stable investment environment
The foreign portfolio investor (FPI) community, which is set to play a major role in positioning India as the third largest economy in the world, has pumped in nearly 52,910 crore in equity and debt this month (till July 26). FPIs were consistent buyers as the Union Budget 2024-2025 focused on fostering a stable and…
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Hot market prompts InCred to shut multi-cap AIF, return money
InCred Asset Management has decided to shut one of its equity products, India Value Growth Fund I, and return money to investors, two months before the fund’s maturity, amid growing worries about the overheating equity market. The asset manager, owned by fiinancial services firm InCred, led by former senior Deutsche Bank executive Bhupinder Singh, said…
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