Infibeam Incorporation Ltd, which some call the fourth or the fifth biggest online portal in India, has filed for a Rs 450 cr initial public offer with the markets regulator. With this, the company has beaten Flipkart, which was widely expected to be the first online shopping portal to go public, to the bourses. Infibeam.com […]
Axis Bank, India’s third largest private sector bank has launched a Fixed Deposit scheme titled “Fixed Deposit Plus”, which gives customers a higher rate of return on their fixed deposit investment compared to regular Fixed Deposit rates. The differential rates on Fixed Deposit Plus with a lock in are currently available for a minimum period […]
NDTV, one of India’s biggest TV groups, has signed term sheets with unnamed investors under which they would explore the possibility of supporting NDTV’s entry into the ecommerce sector, the company said. “The Company and NDTV Convergence Limited, a subsidiary of the Company, have signed preliminary, non-binding term sheets with certain potential investors for e-commerce […]
Private Equity firms invested about $2,646 million across 124 deals during the quarter ended March 2015, according to early data from Venture Intelligence, a research firm focused on private company financials, transactions and their valuations. The investment amount was 20% higher than that invested in the same period last year ($2,212 million across 132 transactions), […]
The Indian mutual fund industry’s assets under management crossed the Rs 12 trillion mark in February, ending at 12.02 trillion, according to the monthly numbers released by the Association of Mutual Funds in India (AMFI). This is the first time the industry’s assets have crossed the Rs 12 trillion mark. Gains were led by inflows […]
The Indian mutual fund industry’s assets under management (AUM) rose 12% or by Rs 1.30 trillion in January 2015 to Rs 11.81 trillion, according to the monthly numbers released by the Association of Mutual Funds in India (AMFI). The total shares held by mutual funds in pure equity funds were worth over Rs 34,00,00,00,00,000 (3.4 […]
Just in case you are one of those people who believe that the Indian real estate market still has upside, Indiabulls Asset Management has launched its maiden real estate fund. The Rs 500-cr fund will invest in residential projects in top 5 cities in India. “We plan to scale up our AIF / Co-investment presence […]
India’s working population relies heavily on cash deposits and second domestic property to generate post-retirement income, according to HSBC’s latest report – The Future of Retirement A balancing act. The report also shows, working people in India believe that buying a house and paying for children’s education were the top two factors, which have significantly […]
Three of the top four stocks held by mutual funds in India are bank stocks – ICICI Bank Ltd, HDFC Bank Ltd and State Bank of India, with Infosys Ltd being the sole exception. ICICI Bank and HDFC Bank were the top holdings, with ICICI alone accounting for about Rs 14,300 crore, or about 5% […]
Piramal Enterprises Limited (PEL) and APG Asset Management, the Dutch pension fund asset manager, formed a strategic alliance for investing in rupee denominated “mezzanine” instruments issued by infrastructure companies in India with a target investment of US$ 1 billion over the next 3 years, the companies said. PEL and APG have each initially committed US$375 […]
It often happens that when a company is investing heavily into a strategic, next-generation project, its margins take a hit and the stock goes down. The reaction to attributed to investors’ inability to full understand a company’s business and priorities. But sometimes, it way work the other way too. The stock of Infosys actually went […]
Demand for gold, real estate and other physical forms of savings in India could decline in the coming months due to an expected fall in inflation, Morgan Stanley said. Gold, oil and real estate prices have risen many fold in the last one to two decades. They have risen faster in the last ten years […]
Stocks of Indian IT service providers like Tata Consultancy Services, Infosys Ltd, HCL Technologies etc. are near their historic lows in terms of valuation and do not have much more scope for further correction, Edelweiss Financial Services said. “IT stocks have corrected sharply in the past couple of months led by INR appreciation and portfolio […]
Assets under management (AUM) of the Indian mutual fund industry increased 1.45%, or by Rs 131 bn, in February to a record Rs 9.16 trillion, according to the monthly numbers released by the Association of Mutual Funds in India (AMFI). The spurt was primarily due to inflows into income and equity-oriented funds. On the other […]
