Rakesh Jhunjhunwala-backed Nazara Technologies is all set to hit the primary market with its Rs 583-crore IPO on Wednesday. The diversified and online gaming firm's three-day issue will run through March 17-19 and will be entirely an offer for sale (OFS). While 5.29 million equity shares will be offloaded via OFS by some of the shareholders, Rakesh Jhunjhunwala, who owns 3.29 million shares or 11.51 per cent stake in the company as of September 30, 2020, has decided to hold on to his stake. The issue has a price band of Rs 1,100-1,101 and will be available in lots of 13 shares and multiples thereof.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
The store segmentation approach that Shoppers Stop is taking is intended to improve its hit rate at a time when local and international fashion retailers are crowding the market with new merchandise across price points.
Vodafone Idea Ltd (VIL) CEO Ravinder Takkar did some plain speaking. In an analyst call after its quarterly results recently, Takkar said that the main stumbling block to raising fresh capital from investors is "pricing" - telecom tariffs, in other words. Nine months ago, the telecom company's board had cleared a proposal for raising Rs 25,000 crore from investors, after the promoters made it clear that they were not ready to pump in more money. But potential investors are concerned that without clarity on tariff hikes (there have been none for more than 18 months) they might just lose their money. The lack of visibility on raising tariffs has also impelled VIL to request the Department of Telecom (DoT) for a fresh reprieve by extending the two-year moratorium on paying its spectrum instalment of Rs 8,200 crore for another year till FY23.
Investment experts said the key to generating superior returns was "asset allocation" and taking money out of the table from themes that have performed well and into themes that are available at a discount.
The members of these trusts enjoy tax and other benefits at par with EPFO subscribers.
Top companies added employees at 3% CAGR from 2003-04 to 2013-14, while revenues grew at 18%.
The company at present provides monthly mobile services at starting price of Rs 24 without data, and plans with data service starts from Rs 33 onward. It did not disclose the quantum of hike.
Bandhan financial Services will raise funds via internal accruals.
Telecom companies (Airtel, Vodafone, ABNL-via Idea Cellular), which enjoy larger reach, appear to be better placed among the key companies bagging payments bank licences.
A section of the media on Thursday reported, quoting an unnamed EC official, that it may not allow RBI to go ahead with the plan before the polls and that they need more clarity from the Mint Road on certain aspects.
Zee and its lenders had decided to enter into an agreement to not offload the pledged shares amid a sharp slide in the prices of the underlying securities during end-Janury. The terms give the lenders a greater say, upside benefit from the proposed strategic sale, more cover and personal guarantee.
Ajit Mishra answers reader queries on the stock market.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Despite uncertain times and market volatility ahead, investors should continue with their disciplined investing via SIPs.
Jhunjhunwala passed away early on Sunday morning due to a cardiac arrest, a source in his newly set up airline said.
Cement shares have been outperformers on the stock market
The total AUM rose 40 per cent or Rs 6.3 lakh crore, to Rs 23 lakh crore at the end of November.
Last August, RBI gave in-principle approval to 11 applicants.
Given its focus on the real estate sector, financial planners feel this scheme is not meant for first-time investors and any investor should only have 5 to 10 per cent exposure to this fund.
Prayas Jain has been arrested for allegedly buying secret documents.
And the way to a cure begins with conversation.
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Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
Piramal will join the JSW, Vedanta and Tata groups, which are bidding aggressively for distressed assets, especially in the infrastructure and steel sectors.
In the broader market, the BSE Midcap index bucked the trend to gain 0.3%
Based on Statista data for 2019, Vodafone has 17.2 million subscribers in the UK, 29.5 million in Germany, and over 13.7 million in Spain. Without Voda Idea, the Group will become smaller than Airtel and Jio.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Along with medication, following a healthy diet along with regular exercise can help you fight the hormonal disorder, suggests gynecologist, obstetrician and IVF expert Dr Amit Patil.
Nikunj Saraf, Vice President Choice Wealth, answers your mutual fund queries.
NDTV operates news channels, including NDTV 24X7 and NDTV India.
CEOs are not happy with scorecard so far but are ready to invest more as they think one year is too short a time to revive the economy
Minacs will be integrated it into SYNNEX's BPO business, Concentrix.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Navil Noronha stepped out of the shadows to address the media for the first time during the company's recent IPO.
Last year, the software giant launched a cloud adoption programme for SMBs.
Nikunj Saraf, Vice President Choice Wealth, answers your mutual fund queries.
Clickpower.in enables consumers and generators to explore the best available options.
Based on this screening, the committee may weed out applications that do not meet the eligibility yardstick or the 'fit and proper' criteria for securing a licence.
On the occasion of World Theatre Day, let's understand what keeps the arts scene ticking in India and how the same can be improved.
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