Dev Chatterjee, Deepak Korgaonkar &Amp;Amp; Puneet Wadhwa

Stories by Dev Chatterjee, Deepak Korgaonkar &Amp;Amp; Puneet Wadhwa

Sebi Has Strong Case Against Hindenburg

Sebi Has Strong Case Against Hindenburg

Rediff.com   4 Jul 2024

If Hindenburg or its partner do not join the investigation, then Sebi may pass an ex-parte order against it, which may be enforced as a foreign award in US courts.

MFs Pump Rs 1.8 Trillion Into Markets

MFs Pump Rs 1.8 Trillion Into Markets

Rediff.com   29 Jun 2024

Domestic institutional investors pumped Rs 2.3 trillion into equities during H1 CY24. Of this, mutual funds contributed 80%.

Adani group to press the pedal on its retail play through super app

Adani group to press the pedal on its retail play through super app

Rediff.com   27 Jun 2024

With an existing consumer base of 400 million across airports, electricity and gas distribution businesses, the Adani group is revving up its retail play. It is planning to use the 2.4 billion consumer interactions a year with group companies to push various products and services. The group has already launched the 'Adani One' super app that will eventually sell products across the spectrum, top executives said.

Bidders of Haldiram Snacks Foods seek clarity on ownership of the brand

Bidders of Haldiram Snacks Foods seek clarity on ownership of the brand

Rediff.com   26 Jun 2024

The prospective bidders of Haldiram Snacks Foods (HSFPL), a leading food firm, have sought clarity on the ownership of the brand as it is currently owned by different family factions. The Delhi and Nagpur families have decided to merge their operations and formed a joint venture to sell part of their stake. On the other hand, the Kolkata family runs its separate, independent operations. Bankers said prospective bidders of the company do not want any confusion over the brand in future. They have sought clarity over usage of the brand.

From bricks to stocks: Indian family houses take leap with new-found wealth

From bricks to stocks: Indian family houses take leap with new-found wealth

Rediff.com   25 Jun 2024

Led by a new generation of entrepreneurs, India's family offices are shifting from traditional investments in physical and tangible assets like real estate to investing in technology, healthcare, and retail stocks. This new wave of family offices is engaging in stock market investments, including pre-IPO placements and secondary market operations. "Born into a world of technology, the next generation, especially those born after 2000, view technology as equally crucial as finance for running a business.

LIC's Adani group portfolio value surges 51.6% at Rs 66,000 crore

LIC's Adani group portfolio value surges 51.6% at Rs 66,000 crore

Rediff.com   3 Jun 2024

Government-owned Life Insurance Corporation of India (LIC) has seen substantial gains from its investments in Adani group shares, which have experienced a significant recovery over the past year. The value of LIC's stake in Adani group companies surged by 51.6 per cent, or Rs 22,591 crore, reaching Rs 66,388 crore as of Friday's close. This compares to Rs 43,797 crore on May 31 last year, according to stock exchange data.

What Are Modi Stocks?

What Are Modi Stocks?

Rediff.com   31 May 2024

'These are capex and infrastructure-linked sectors, PSUs or stocks of some corporate houses.'

Adani group to hit the road this week to raise up to Rs 33,254 crore

Adani group to hit the road this week to raise up to Rs 33,254 crore

Rediff.com   28 May 2024

The Adani group, buoyed by a sharp recovery in its share prices over the past year, is set to embark on a series of roadshows this week to raise up to $4 billion (approximately Rs 33,254 crore) through equity and refinancing of older debt, according to banking sources. The roadshows, scheduled to take place in major cities, will inform investors about the group's investment plans across renewable energy, petrochemicals, and infrastructure development.

Why did Chris Wood of Jefferies sell his holding in HDFC Bank stock?

Why did Chris Wood of Jefferies sell his holding in HDFC Bank stock?

Rediff.com   27 May 2024

Global fund managers remain bullish on the Japanese stock markets, which is now their most preferred destination in the Asian region. Both Morgan Stanley and Jefferies in their recent reports, have cited their preference for the Land Of The Rising Sun, which is fast becoming the land of the rising equities, too.

'Banks will continue infrastructure projects financing'

'Banks will continue infrastructure projects financing'

Rediff.com   26 May 2024

'Banks make money because they take the right credit calls. So they need to focus on risk mitigation rather than risk avoidance.'

Hindujas' RCap buy faces further delay

Hindujas' RCap buy faces further delay

Rediff.com   24 May 2024

Mauritius-based IndusInd International Holdings and other Hinduja group entities are expected to make payments worth Rs 9,661 crore for the acquisition of bankrupt Reliance Capital (RCap) only after getting all the legal and regulatory clearances, including from the Supreme Court, thus delaying the closure of the transaction. A source close to the development said that according to the National Company Law Tribunal (NCLT) order dated February 27, the payment for the acquisition was to be made within 90 days from the NCLT's approval of the resolution plan and after receiving all legal and regulatory clearances.

Noel Tata's three children to be on five Tata Trusts' board seats

Noel Tata's three children to be on five Tata Trusts' board seats

Rediff.com   23 May 2024

Noel Tata's children - Leah, Neville, and Maya - have been appointed to the boards of five philanthropic organisations of Tata Trusts, which oversees the $150-billion Tata group. The move is being seen as part of the Trusts' succession plan. Noel Tata's wife Aloo is the daughter of Pallonji Mistry, whose family owns an 18.5 per cent stake in Tata Sons, the holding company of Tata group.

'Now May Be The Time To Go All In'

'Now May Be The Time To Go All In'

Rediff.com   21 May 2024

'For experienced and risk-taking investors, now may be the time to go all in.' 'By 'experienced and risk-taking', I refer to those who remained net buyers in equities during the early stages of the 2020 pandemic.' 'On the other hand, those who exited the markets during the pandemic may go the SIP way.'

India's defence sector a $138bn opportunity; HAL, BEL top buys: Nomura

India's defence sector a $138bn opportunity; HAL, BEL top buys: Nomura

Rediff.com   17 May 2024

India's defence sector presents an ordering opportunity worth $138 billion between fiscal years 2023-24 (FY24) and FY32, said a latest note by Nomura, which has initiated coverage on two defence-related players - Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) - with a 'buy' rating. The research and broking house sees an upside potential of 28 per cent and 32 per cent, respectively in these two stocks from the current levels.

'Elections May Sway Markets Temporarily'

'Elections May Sway Markets Temporarily'

Rediff.com   17 May 2024

'The long-term impact of elections is minimal.'

Dharavi, Racecourse Deals Reverberate In Mumbai Polls

Dharavi, Racecourse Deals Reverberate In Mumbai Polls

Rediff.com   17 May 2024

Despite Dharavi being located in the Mumbai North Central constituency and Mahalaxmi Racecourse in South Mumbai, the issues have caught the attention of all parties and their candidates.

Is This A Good Time To Buy Stocks?

Is This A Good Time To Buy Stocks?

Rediff.com   16 May 2024

'Investors need to be stock specific and should not rush to buy stocks at the current levels.'

Is Lok Sabha Poll Impacting Markets?

Is Lok Sabha Poll Impacting Markets?

Rediff.com   14 May 2024

'It is advisable to stay away from the markets for now and buy only on a dip.'

Are Markets Expecting Lower BJP Tally?

Are Markets Expecting Lower BJP Tally?

Rediff.com   10 May 2024

Market chatter suggests that the BJP could win fewer than 300.