To develop the market for emerging investment instruments, Sebi is looking to bring in norms for follow-on offers by real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). REITs and InvITs were introduced in India to provide investors with an opportunity to gain exposure to real estate and infrastructure projects respectively, with diversification of […]
Day: November 19, 2023
Malabar Gold to consider IPO post FY25Malabar Gold to consider IPO post FY25
By Swastika MukhopadhyayMalabar Gold & Diamonds, the flagship company of Malabar Group, is in the process of expanding its presence pan-India as well as in international markets along with a focus on consolidation of its own companies. The company will take a call on initial public offer (IPO) tentatively after FY25, its management said on […]
Unseasonal rains impact December tractor salesUnseasonal rains impact December tractor sales
Domestic tractor volumes recorded their worst monthly fall in December in nearly 24 months. Manufacturers attribute this to partial damage to crops from unseasonal rains, late kharif harvesting and costlier loans. Analysts at Icra observed that monsoon precipitation remained weak overall, adding that the temporal and spatial distribution of rains was uneven. “The subpar monsoon […]