After a year of negotiations, the ESR-Allianz Real Estate joint venture has called off plans to sell its warehousing platform in the country, said sources in the know.The equal JV is between Asia Pacific-focused logistics developer/ investor ESR and Allianz Real Estate, part of German group Allianz. In the bidding process last year, the JV […]
Author: admin
MSMEs secured Rs 23.36 lakh crore in bank credit under priority sector lending in NovemberMSMEs secured Rs 23.36 lakh crore in bank credit under priority sector lending in November
Scheduled commercial banks (SCBs) invested Rs 23.36 lakh crore under priority sector lending in MSMEs in November 2023, up 21.9 per cent from Rs 19.16 lakh crore deployed in November 2022, showed latest data on sectoral deployment of bank credit by the Reserve Bank of India (RBI). In October 2023, Rs 23.15 lakh crore was […]
Nifty may rally as long as dips do not extend beyond 18000-17800; Bank Nifty appears exhaustedNifty may rally as long as dips do not extend beyond 18000-17800; Bank Nifty appears exhausted
By Anand James Thursday’s bear trap had resulted in a disproportionately large rise, which ended up rendering the trend vulnerable. Hence, Friday’s sharp falls did not come as a surprise. In fact, negative divergence in oscillators had begun to show towards the second half of the week, but it became potent only after Nifty entered […]
Kuku FM secures $25 million in Series C Funding RoundKuku FM secures $25 million in Series C Funding Round
Vernacular audio content platform, Kuku FM, has raised $25 million in a Series C funding round, led by The Fundamentum Partnership and the International Finance Corporation (IFC), with participation from Vertex Ventures. This marks Fundamentum’s second investment in Kuku FM, following their previous Series B1 funding of $21.9 million in September 2022. Kuku FM plans […]
Sebi slaps Rs 20 lakh fine on SIMR for flouting regulatory normsSebi slaps Rs 20 lakh fine on SIMR for flouting regulatory norms
Capital markets regulator Sebi has levied a fine of Rs 20 lakh on Star India Market Research for allegedly flouting regulatory norms. Star India Market Research (SIMR) is a Sebi-registered investment adviser. In its 52-page order on Wednesday, Sebi found that SIMR charged arbitrary fees from clients, sold multiple products in a short span to […]
Higher US rates may continue to weigh on Indian marketsHigher US rates may continue to weigh on Indian markets
Investments by foreign institutional investors (FIIs) took a dent in September, with a net $2.3 billion being withdrawn during the month. This was the first month of net outflows after February, and the most since the $3.66-billion sell-off in January. Experts, in recent days, have attributed the sell-off to the market being overheated. However, one […]
The stability and benefit of investing in Digital GoldThe stability and benefit of investing in Digital Gold
By Mahendra Luniya Gold has been a part of portfolios for long times. It has proven to be a hedge against inflation and has helped in difficult times. Now the world is witnessing a shift in the way investors invest in gold. The shift is towards digital gold, an easier and more transparent way of […]
India’s July Russian oil imports dip; Saudi import down to 2-1/2-yr low: tradeIndia’s July Russian oil imports dip; Saudi import down to 2-1/2-yr low: trade
India’s July crude oil imports from Russia dipped for the first time in nine months, while inbound shipments from Saudi Arabia tumbled to their lowest in 2-1/2 years following OPEC+ cuts, tanker data from trade and industry sources showed. Both China and India, the world’s biggest and third-biggest oil importers, cut imports from Russia and […]
Bombay Dyeing shares rise 20% on land deal; debt reduction plansBombay Dyeing shares rise 20% on land deal; debt reduction plans
Shares of Wadia- owned textile to real estate company Bombay Dyeing & Manufacturing Company (BDMC) shot up 20 % and hit 52 week high on Thursday after the company on Wednesday said that it would be selling its 22-acre land parcel in Worli area if Mumbai for 5200 crore to Japan’s Sumitomo group. The stock […]
Tata Steel: What’s the brokerage view after it announced plans to invest in UK’s Port Talbot plant?Tata Steel: What’s the brokerage view after it announced plans to invest in UK’s Port Talbot plant?
Tata Steel has announced a plan to invest in a 3mtpa EAF based steel capacity at Port Talbot in the UK. The project will cost £1.25 billion ($1.55bn). Of this the Tata Steel will invest £750 million and UK government will provide £500 million support. Jefferies: Jefferies has a Buy rating on the stock after […]