Raghavendra Kamath And Samie Modak

Stories by Raghavendra Kamath And Samie Modak

Inflow of $25-billion foreign cash riding on three key FPI proposals

Inflow of $25-billion foreign cash riding on three key FPI proposals

Rediff.com   26 Jul 2019

These include increasing the public float in listed companies to 35 per cent from 25 per cent, increasing the minimum statutory limit for FPI investment in a firm from 24 per cent to the sectoral foreign investment, and lowering government holding in listed public sector undertakings.

More bad news from Deutsche Bank; its investment arm to quit India

More bad news from Deutsche Bank; its investment arm to quit India

Rediff.com   9 Jul 2019

The beleaguered Deutsche Bank announced major overhaul of its business, which included discontinuing loss-making equities trading business, creating a new 'bad bank', and cutting 18,000 jobs. Deutsche Equities India employs 35 people, all of whom could face the job axe.

Japan's Sumitomo inks India's biggest land deal

Japan's Sumitomo inks India's biggest land deal

Rediff.com   9 Jul 2019

The plot C-65 in the G Block of Bandra Kurla Complex was leased to Goisu Realty (a unit of Sumitomo) for 80 years by MMRDA.

SAT stays Sebi's order asking Prannoy, Radhika to step down from NDTV

SAT stays Sebi's order asking Prannoy, Radhika to step down from NDTV

Rediff.com   19 Jun 2019

The tribunal, while adjourning the matter for September 16, directed Sebi to file a reply and gave three weeks to the Roys to file a rejoinder.

Blackstone inks India's biggest office property deal

Blackstone inks India's biggest office property deal

Rediff.com   19 Jun 2019

Blackstone has bought A Wing and some part of B Wing of the building, which has three wings with a total area of 1.5 million square feet.

What Dalal Street expects from Modi2

What Dalal Street expects from Modi2

Rediff.com   10 Jun 2019

Most brokerages have maintained their Sensex and Nifty targets as they believe there is little room for further re-rating in the backdrop of weak earnings.

Places where even rich Mumbaikars fear to tread

Places where even rich Mumbaikars fear to tread

Rediff.com   5 Jun 2019

50% of south-central Mumbai's high-end apartments remain unsold. The reasons include rocketing prices and a demand-supply mismatch. Of the unsold stock in south-central Mumbai, 38 per cent comprise units sized above 2,000 sq ft carpet area - too high for even wealthy Mumbaikars.

Why RBI will most certainly cut rate on June 6

Why RBI will most certainly cut rate on June 6

Rediff.com   3 Jun 2019

There is a near consensus that at least a 25 basis points cut, if not 50, can be expected in the June policy.

Corporate India pitches for GST rate cut

Corporate India pitches for GST rate cut

Rediff.com   31 May 2019

Durable, automobile and real estate players have been lobbying hard for a tax cut, saying it will boost demand.

Warbug Pincus, Runwal form JV to build malls

Warbug Pincus, Runwal form JV to build malls

Rediff.com   21 May 2019

Both partners would inject $200 million each in the form of equity and hold 50 per cent stake each. They plan to raise another $600 million in the form of debt to create a corpus of $1 billion to develop malls across tier-I, II and III cities.

BSE500 companies sitting on a huge cash pile

BSE500 companies sitting on a huge cash pile

Rediff.com   6 May 2019

75 companies can dole out Rs 1.1 trillion from the 'extra cash' to shareholders.

Why NSE deferred announcement of FY19 results

Why NSE deferred announcement of FY19 results

Rediff.com   6 May 2019

NSE's board was to approve on Friday the annual financial statement for the year ended March 31, 2019, but it decided to defer the matter till its legal team firmed up a view on Sebi's order, sources said.

Why NSE is likely to cap Nifty's sector weights

Why NSE is likely to cap Nifty's sector weights

Rediff.com   4 May 2019

Based on a feedback, the exchange could cap a sector's weight at 25 per cent, or align with the broader market.

Godrej Properties buys a piece of film history: RK Studios

Godrej Properties buys a piece of film history: RK Studios

Rediff.com   4 May 2019

Swanky flats, mall to replace the iconic property.

Only 14 IPOs hit the market in FY19

Only 14 IPOs hit the market in FY19

Rediff.com   17 Apr 2019

The number of issues were the lowest since FY15, compared to 45 in FY18.

Sensex ends 2018-19 with 17.3% gains, most since 2014-15

Sensex ends 2018-19 with 17.3% gains, most since 2014-15

Rediff.com   1 Apr 2019

A surge in foreign inflows is seen as the major reason behind the latest market surge.

Metropolis Healthcare's Rs 1,200-cr IPO to open on Apr 3

Metropolis Healthcare's Rs 1,200-cr IPO to open on Apr 3

Rediff.com   29 Mar 2019

The offering comprises secondary sale of 13.68 million shares, constituting 27.3 per cent stake.

March likely to see highest overseas funds flow in 2 years

March likely to see highest overseas funds flow in 2 years

Rediff.com   26 Mar 2019

Experts say foreign investor sentiment was bolstered by the US Federal Reserve's decision to go slow with interest rate hikes and hopes of political stability.

Now, Japanese firms are keen to develop Indian realty

Now, Japanese firms are keen to develop Indian realty

Rediff.com   25 Mar 2019

Big conglomerates of Japan, including Mitsubishi Corporation, Sumitomo Corporation, and Mitsui Group, are looking to both build and buy commercial properties in key Indian cities.

HDFC Bank joins the big boys in $100 bn m-cap club

HDFC Bank joins the big boys in $100 bn m-cap club

Rediff.com   20 Mar 2019

India now has three companies in the global top 100 list in terms of market value: Reliance Industries (RIL) ranks 72, Tata Consultancy Services (TCS) is at 86 and HDFC Bank at 99.