Global investment fund, The Blackstone Group, reduced its stake in Embassy Office Parks REIT by 6%. Earlier, Blackstone had a stake of 38%. Presently that has reduced to 32%. Blackstone took this step to monetise some of its investments. The sale of these units was made in the open market via block deals. Check out …
Ami Organics made an impressive stock debut as its shares got listed on the bourses at a 49% premium. Since listing, the share price of this Surat-based specialty chemical manufacturer has surged 84% from its IPO issue price of Rs. 610 per unit. Moreover, on 15 September 2021, Thursday, Ami Organics share price surged 20% to …
While we have already discussed the under performance of Realty companies, real estate companies have also failed to execute large and ambitious projects. If we take a look at the past few large projects like Lavasa (HCC), Sahara City and few others like large projects from Unitech and Jai Prakash Associates not only created doubt about …
Maruti Suzuki India has got its own place in the Indian automobile segment. And why not everyone has their own story to tell about their Maruti vehicle. It was natural, as there was an era when people used to ask – Kab Le Rahe Ho Apni Maruti? This indicates whenever someone was planning to buy a …
An Overview According to the share market’ association ANMI, switching to the T+1 settlement mechanism will turn India into a pre-financing market, with several issues for global institutional investors. Trades on Indian stock exchanges are currently settled two working days after the transaction is completed. The news comes amid allegations that the Securities and Exchange …
An Overview Companies ranging from Facebook to Xiaomi are vying for a piece of India’s digital financing market, which is expected to be worth $1 trillion by 2020. This month, Facebook said that India would be the first country to implement its small business lending programme, which will provide loans to companies that advertise on …
The apex bank of India, RBI, announced on Wednesday that the country’s holding of the IMF’s SDR has increased significantly. Currently, India has a threshold of SDR 13.66 billion, which is $19.41 billion, per the exchange rate of 23 August 2021. According to the reports by the Reserve Bank of India, the IMF allocated SDR …
HDFC Bank is back in the business of credit cards as India’s banking regulator RBI lifted an eight-month ban on issuing new cards. The Reserve Bank of India (RBI) had imposed these restrictions on the bank due to frequent outages and glitches with their internet and mobile banking. This ban hit HDFC hard financially as …
A Brief Overview Infrastructure Investment Trusts (or InvITs) have suddenly shot to popularity among investors with funds to spare who seek out assets that surpass the low yields that ordinary debt instruments deliver. Keeping in mind the fact that over 90 percent of the income created needs to be distributed as per the regulations in …
An Overview In May, India’s industrial production increased by 29.3% year-over-year, aided by base effects that exaggerated growth while obscuring the sequential deterioration in the month that was hit worst by the second wave. Retail inflation dropped slightly to 6.27 percent in June, down from 6.3 percent in May, but remained beyond the RBI’s target …
