Puneet Wadhwa, Dev Chatterjee

Stories by Puneet Wadhwa, Dev Chatterjee

How Much Do Indians Spend On Weddings?

How Much Do Indians Spend On Weddings?

Rediff.com   22 Jul 2024

An average Indian couple spends around 2x on weddings versus education (pre-primary to graduation).

Invest In Stocks, Gold Or Bitcoin?

Invest In Stocks, Gold Or Bitcoin?

Rediff.com   17 Jul 2024

'We expect market consolidation and recommend buying during market dips.'

Microcaps Outperform Mid/Smallcaps

Microcaps Outperform Mid/Smallcaps

Rediff.com   17 Jul 2024

'Though one cannot paint the entire microcap basket with the same brush, investors need to be careful now as to what they're buying.'

Will Nirmalaji Cheer The Markets?

Will Nirmalaji Cheer The Markets?

Rediff.com   17 Jul 2024

'We are confident that over the next few years the government will strike a fine balance between populist measures and growth, and manage coalition partners well.'

Temasek likely to invest $10 billion in India in the next three years

Temasek likely to invest $10 billion in India in the next three years

Rediff.com   16 Jul 2024

Singapore government's sovereign wealth fund Temasek is looking to invest $10 billion in India during the next three years, Ravi Lambah, Temasek's head of India and strategic initiatives, said.

Tyger Capital to list by next year, targets Rs 20,000 crore book

Tyger Capital to list by next year, targets Rs 20,000 crore book

Rediff.com   12 Jul 2024

Bain Capital-backed Tyger Capital is planning to list its shares on the Indian stock exchanges by the next financial year and is targeting to grow its assets under management by four times to Rs 20,000 crore in five years from Rs 5,000 crore now, Gaurav Gupta, MD and CEO of the firm said. In an exclusive interview, Gupta said that keeping with the growing business, the finance company expects to on-board 600 people in the current financial year as it is opening 60-65 new branches for broad-basing its network in the country.

Capital Gains Tax Tinkering May Spook Markets

Capital Gains Tax Tinkering May Spook Markets

Rediff.com   10 Jul 2024

'Expectations are high regarding the change in LTCG with respect to equity investments.'

LIC's residual stake value surges in top groups on stock market boom

LIC's residual stake value surges in top groups on stock market boom

Rediff.com   8 Jul 2024

Life Insurance Corporation of India (LIC) has made the most of the stock market boom by reducing stakes in all its top conglomerates during the financial year 2023-2024 (FY24). However, even after reducing exposure, the value of its remaining stake has gone up substantially across all groups, according to data collated from stock exchange filings.

Sensex To Hit 87,000 By 2024 End?

Sensex To Hit 87,000 By 2024 End?

Rediff.com   4 Jul 2024

The bias for the BSE benchmark index, technical charts suggest, is likely to remain bullish as long as the index holds above 75,600 levels for the rest of the year.

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.'