Samie Modak, Ishita Ayan Dutt

Stories by Samie Modak, Ishita Ayan Dutt

India Inc awaits demand uptick to go on capex spree

India Inc awaits demand uptick to go on capex spree

Rediff.com   1 Aug 2024

Chief executive officers (CEOs) across sectors have expressed intentions to expand capacities, expecting the government's target to invest a record Rs 11.11 trillion on infrastructure development will act as a catalyst for a jump in consumer demand. "With the government planning a capex of Rs 11.11 trillion, private sector investment will come in a big way. Companies will be preparing for it right from today," H M Bangur, chairman of Shree Cement, told Business Standard. For the past few years, the investment scene in India has been dominated by government capital expenditures; private investments in the manufacturing sector have remained muted.

Can Ola Electric Cruise to 6,146 Cr IPO?

Can Ola Electric Cruise to 6,146 Cr IPO?

Rediff.com   30 Jul 2024

The Softbank-backed company has set a price band of Rs 72 to Rs 76 per share for the maiden share sale and is expected to test the appetite for new-age loss-making companies.

71% intra-day traders pay the price chasing quick gains

71% intra-day traders pay the price chasing quick gains

Rediff.com   25 Jul 2024

Over 70 per cent of individual investors who engage in intraday trading incurred an average loss of Rs 5,371 during 2022-23 (FY23), according to a study conducted by the Securities and Exchange Board of India (Sebi). Intraday trades involve buying and selling securities within the same trading day. The study covered nearly 7 million investors trading in the equity cash segment.

Indian Biz Sees Hope After Bangladesh SC Order

Indian Biz Sees Hope After Bangladesh SC Order

Rediff.com   22 Jul 2024

'Bilateral trade has suffered seriously because of the growing unrest.' 'There is a standstill on both sides amid the curfew.'

'Nifty 50 Index Is A Bit Of A Mirage'

'Nifty 50 Index Is A Bit Of A Mirage'

Rediff.com   18 Jul 2024

About two-thirds of the incremental net income of the Nifty 50 over FY19-24 has come from companies in relatively low-valued sectors such as banks, diversified financials, IT services, and metals and mining.

Equity capital market fee pool at 17-year high as activity up 2.5x

Equity capital market fee pool at 17-year high as activity up 2.5x

Rediff.com   18 Jul 2024

The fee pocketed by investment banks for handling equity share sales stood at $244 million during the first half of calendar year 2024. This was the highest first half figure since 2007, according to LSEG Data & Analytics, a provider of financial markets data. Capital mobilised via equity capital market (ECM) activity jumped 2.5 times to $29.5 billion - the highest-ever semi-annual total in terms of proceeds.

Don't see change in UK strategy: Tata Steel chairman N Chandrasekaran

Don't see change in UK strategy: Tata Steel chairman N Chandrasekaran

Rediff.com   16 Jul 2024

There has been no change in Tata Steel's strategy on operations in the United Kingdom (UK), company chairman N Chandrasekaran has told shareholders. The statement comes amid growing concern about the restructuring plan in the face of change in government in the UK. Tata Steel's plan for the UK entailed a 1.25 billion investment plan agreed upon by the Conservative party-led government in September last year.

Rs 2,000 Crore Raised Daily Jan-Jun 2024!

Rs 2,000 Crore Raised Daily Jan-Jun 2024!

Rediff.com   12 Jul 2024

Equity supply may hit Rs 6 trillion soon.

Labour Pains, The Silent Crisis Undermining India's Infrastructure Boom

Labour Pains, The Silent Crisis Undermining India's Infrastructure Boom

Rediff.com   11 Jul 2024

Severe skilled, unskilled shortage threatens to pull emergency brakes on India's industrial engine.

Fair trade, focus on manufacturing, infra on steel firms' Budget wish list

Fair trade, focus on manufacturing, infra on steel firms' Budget wish list

Rediff.com   10 Jul 2024

India's leading steel companies hope the Modi 3.0 Budget will continue the massive capital expenditure currently underway, focusing on infrastructure development, manufacturing, and fair trade. The infrastructure segment is the largest steel user, and the government's focus has fuelled steel consumption even as international markets have underperformed. According to provisional statistics, steel consumption grew 13.6 per cent in FY24, reaching 136 million tonnes (mt), according to a CRISIL report.

Nifty may sport new look after Sebi's F&O tweak, expand to over 200 firms

Nifty may sport new look after Sebi's F&O tweak, expand to over 200 firms

Rediff.com   6 Jul 2024

The Nifty 50 index is poised for a revamp as the revised futures and options (F&O) stock selection criteria is seen paving the way for newly listed companies to join the benchmark index, which is tracked by passive funds with combined assets under management of more than ~3.5 trillion ($44 billion). For the first time in six years, the market regulator Securities and Exchange Board of India (Sebi) has tweaked the stock selection process for the derivatives segment that clocks a turnover of ~400 trillion daily.

Tata Hitachi reaps rich harvest, from field to factory

Tata Hitachi reaps rich harvest, from field to factory

Rediff.com   5 Jul 2024

It was the summer of 2006 (May 18). Writers' Building, then the state secretariat, was buzzing with journalists. The event marked the start of Buddhadeb Bhattacharjee's second term as chief minister. And in style, it got off with West Bengal bagging the small car plant, Nano.

Promoters Sold Rs 87,000 Crore Of Shares

Promoters Sold Rs 87,000 Crore Of Shares

Rediff.com   2 Jul 2024

Prominent exits by promoters included a Rs 15,300 crore share sale in Indus Tower by Vodafone Plc, a Rs 9,300 crore share sale by the Tata group in Tata Consultancy Services.

Even MBAs Find It Tough To Get Jobs

Even MBAs Find It Tough To Get Jobs

Rediff.com   1 Jul 2024

'Corporations that were recruiting 15 or 20 [students] have reduced the number to two or three.'

'Indian rupee best-performing Asian currency this year'

'Indian rupee best-performing Asian currency this year'

Rediff.com   29 Jun 2024

'India represents one of the top opportunities with robust growth, solid fundamentals, and openness to foreign investment.'

Unlisted Shares Market Is Buzzing

Unlisted Shares Market Is Buzzing

Rediff.com   29 Jun 2024

The dealers operating in the space have jumped nearly three times over the past two years.

'I Hope We Don't Get A Bubble Too Soon'

'I Hope We Don't Get A Bubble Too Soon'

Rediff.com   21 Jun 2024

'China is struggling to get out of its property bubble.' 'Japan took 35 years to walk out of its equity bubble.' 'Bubbles can be difficult to forecast.'

'For Tata Steel, It Will Be Better Than Last Year'

'For Tata Steel, It Will Be Better Than Last Year'

Rediff.com   19 Jun 2024

'When you look at reviving private sector capex, I don't think there's a better story than steel.'

'Demand will come back after the elections'

'Demand will come back after the elections'

Rediff.com   16 Jun 2024

'The Budget will be positive, continuing on the path of growth taken so far.'

Did Lakshmir Bhandar Help Mamata Win?

Did Lakshmir Bhandar Help Mamata Win?

Rediff.com   6 Jun 2024

The welfare schemes of the government, particularly Lakshmir Bhandar, have had a major impact on the electoral outcome.