Merlin Group to invest Rs 8,000 crore over the next 8 years
Merlin Group, with projects across central Calcutta and its outlying suburbs along the Hooghly river, anticipates achieving sales of Rs 20,000 crore over the next 7-8 years, fueled by a robust real estate market and ongoing projects. The firm, which rebranded itself recently, plans to invest Rs 8,000 crore during this period to develop its…
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IPO Calendar: Hyundai India and 2 other issues set to light up primary market next week
The primary market will see its biggest offering till date from Hyundai Motor India next week as the automaker is planning to raise over Rs 27,000 crore through its IPO. Apart from this, two other SME IPOs from Lakshya Powertech and Freshara Agro will also open for subscription next week. Further, the Street will also…
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Tata Power shares rise 2% after co proposes to invest Rs 1.2 lakh crore in Rajasthan
Shares of Tata Power rose 2% to Rs 491.2 in Tuesday’s trade after the company announced the signing of a landmark memorandum of understanding (MoU) with the Rajasthan government. The agreement was signed during the ongoing Rising Rajasthan Investor Meet in New Delhi and the proposed investment plan under it will be Rs 1.2 lakh…
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NRI Rajiv Jain’s GQG to pay $500,000 penalty to settle US SEC charges
US-based NRI investor Rajiv Jain-led GQG Partners, best known in India for investing in Adani stocks, has been charged by the US Securities and Exchange Commission (SEC) for allegedly violating whistleblower protection rules. The boutique investment firm has agreed to settle charges by paying a $500,000 penalty. “The SEC’s order finds that GQG violated whistleblower…
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HFCL shares rally 6% on signing strategic partnership with General Atomics
The shares of HFCL rallied by nearly 6% post the signing of a strategic partnership with General Atomics. The company has been selected to develop and supply critical sub-systems for GA-ASI’s advanced Unmanned Aircraft Systems (UAS). This partnership marks a milestone in HFCL’s journey, as it becomes a key contributor to one of the world’s…
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4 pillars of personal finance: A simple guide to mastering your money
Consider this scenario: you wake up one morning, feeling confident and in control of your financial future. You know exactly where your money is coming from, how it’s being spent, how much is being saved, and where it’s being invested. This isn’t just a dream — it’s a reality you can create by mastering the…
READ MOREIndia’s SM-REITs market is expected to surpass $60 billion by 2026, backed by over 350 mn sq ft of completed commercial office space
India is projected to have a potential Small and Medium Real Estate Investment Trusts (SM REITs) market value exceeding $ 60 billion by 2026, with over 350 mn sq ft of ready commercial office stock. Among the top seven cities, Mumbai leads the potential SM REIT-ready completed stock with 75 mn sq ft as of…
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Wealth management and the triple multiplier effect
India’s wealth management industry is entering a pivotal phase, with current assets under management (AUM) estimated between $1-1.2 trillion. As India accelerates its trajectory as the fastest-growing economy coupled with a dynamic investment landscape, the Indian wealth management industry is poised for sufficient expansion. This growth is underpinned by the ‘Triple Multiplier Effect’ – the…
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8 Indian stock picks inspired by Peter Lynch’s investment style – Stock Picks
Indian Railway Finance Corporation Share Price 169.85 04:03 PM | 6 Sep 2024 -3.63(-2.1%) One97 Communications Share Price 603.8 04:03 PM | 6 Sep 2024 -22.75(-3.64%) YES Bank Share Price 23.14 04:03 PM | 6 Sep 2024 -0.25(-1.07%) ITC Share Price 501.7 04:03 PM | 6 Sep 2024 -9.5(-1.86%) HDFC Bank Share Price 1636.95 04:03…
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MF Query: Maximizing monthly income with hybrid funds – Senior citizens’ guide for Rs 15-20L investment
In the pursuit of low-risk monthly income, investors often seek strategies that balance growth potential with stability especially if someone is closer to retirement. Alekh Yadav, Head of Investment Products at Sanctum Wealth, addresses key considerations for such investors, particularly those like Rajiv Tandon, a senior citizen aiming for steady returns. Yadav outlines the advantages…
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