Here's what Indian investors diversifying into equities, ETFs, and real estate abroad to manage risk, returns, and currency exposure must watch out for.
Bharti Global, the international investment arm of Bharti Enterprises, has decided to buy 24.5 per cent equity in BT Group - a move that will make the Indian conglomerate the biggest shareholder in the UK's second-largest telecom company both in terms of market value and subscriber count. The shares are being purchased from billionaire Patrick Drahi's Altice UK through a combination of cash and debt .
India's National Stock Exchange has emerged as the world's third fastest-growing bourse in terms of increase in listed companies, outpacing global names such as NYSE, Nasdaq and London Stock Exchange.
The London Stock Exchange, the world's third largest exchange in terms of value of shares traded, is in talks with Financial Technologies to buy a stake in its stock exchange arm MCX-SX.
Just a decade ago, a kind of muscular nationalism was the leitmotif for talent management within Indian corporations. Any suggestion of bringing in foreign talent had managers bristling with indignation.
Martin Graham, head of equity markets, LSE, tells Business Standard's Rajesh Bhayani that the disclosure norms in the Alternative Investment Market are as stringent as those followed by LSE.
Hiranandani Group's real estate investment firm, Hirco Plc on Thursday announced it will invest over Rs 1,000 crore (28.4 million pounds) in a commercial township development project near Mumbai.
Manchester United is no stranger to ownership tussles and the rough and tumble of financial markets.
From the Sensex firms, Tata Motors, Titan, Eternal, Power Grid, Tata Steel, Larsen & Toubro, Mahindra & Mahindra and Hindustan Unilever were among the biggest laggards. Bajaj Finserv, Asian Paints and Tech Mahindra were the gainers.
Shares of Corus Group Plc, surged by 1.12 per cent in trading on Friday on reports that Tata Steel may revise its takeover offer, but stocks of the Indian company fell 1.67 per cent on the bourses.
The Delhi-based Parsvnath Developers received $47 million (Rs 186 crore) from twoSaffron Group funds to develop a residential and shopping complex on a now-defunct bus depot at Kurla in central Mumbai. The Mumbai-based Lodha Group got $54 million from a HDFC-sponsored, Mauritius-based fund. The fund will take a 45 per cent stake in a special purpose vehicle, which will develop projects in Hyderabad, Lodha said in Mumbai on Thursday.
Three Indians are among 40 recipients of Securities and Investment Institute awards, organised by the London Stock Exchange members for those in the investment industry.
Delhi-based Great Eastern Energy Corporation is planning a public issue, part of which will be "sponsored", meaning foreign shareholders will also tender their shares for sale, a first for the Indian markets.
Share prices of Indian companies listed on LSE continue to outperform both the AIM All-Share and the FTSE 100, according to India Watch, a quarterly review due to be released by business and financial adviser Grant Thornton. AIM is the LSE's international market for smaller growing companies.
Among Sensex firms, Asian Paints, Bajaj Finance, Tata Steel, Bajaj Finserv, ICICI Bank, Maruti, Reliance Industries, HDFC Bank and Mahindra & Mahindra declined. Tech Mahindra, Tata Motors, Infosys, HCL Tech, IndusInd Bank and UltraTech Cement were among the gainers.
At least six major UK universities have announced plans to set up campuses or liaison offices in India.
Under the terms of the agreement, British Airways will hold 55 per cent in the new entity TopCo -- and the rest will go to Iberia.
The Anil Dhirubhai Ambani Group company Reliance Communications, which is in the process of bidding for Hutch-Essar, is planning to list its undersea cable business unit Flag Telecom in London to raise over $500 million.
AIM is thus an easier and attractive option for Indian businesses to raise public funds
Oil and Natural Gas Corporation has taken control of Imperial Energy after 96.8 per cent shareholders accept its takeover offer.
'Vedanta', which will be the holding company for his Sterlite Industries, will be listed in the London Stock Exchange.
Stocks fall 70% on LSE; management plays down trouble.
Lord Jo Johnson, younger brother of former British prime minister Boris Johnson, has resigned his non-executive directorship of a UK-based investment firm linked with the now-withdrawn Adani Enterprises Follow-on Public Offer (FPO). 'The Financial Times' newspaper referenced UK Companies House records to reveal that 51-year-old Lord Johnson had been appointed as a director of London-based Elara Capital Plc in June last year and resigned on Wednesday, the day when the Adani Group announced withdrawal of the FPO. Elara, which described itself as a capital markets business raising funds for Indian corporates, was among the bookrunners on the FPO.
The Essar group is exploring the option of an $8-billion listing on the London Stock Exchange, potentially making it the first Indian company to enter LSE since Vedanta Resources seven years ago.
The Lifetime Achievement Award was presented to PRS Oberoi, chairman and chief executive of the Oberoi group. The 10th edition of the E&Y awards in India was decided by a six-member jury headed by KV Kamath, managing director and chief executive of ICICI Bank.
Manchester United agreed to sell Argentine international Juan Sebastian Veron to Chelsea for 15 million pounds.
Cobra Beer based in UK plans to invest $20 million in India over the next two years. Of this, about $10 million is likely to be spent on promoting the brand and setting up a distribution network in the country.
Sterlite Industries plans to float up to 25 per cent stake in the company on the London Stock Exchange within the next two months, raising around $250 million.
Company will also launch a global road show from May 23 for the bond placement.
London Stock Exchange is wooing Indian companies by relaxing the new accounting norms, which have been introduced recently by the European Union.
About 15-20 Indian companies are planning to issue global depository receipts and list at the London Stock Exchange in the coming months.
State-owned Indian Oil Corp and Oil India Ltd on Tuesday confirmed making an 'approach' to take over the Middle-East focussed oil firm Gulfsands Petroleum Plc for an undisclosed cash amount.
UK-based telecom company BT today completed the sale of its 5.5 per cent stake in Tech Mahindra to partner Mahindra & Mahindra (M&M) for Rs 451 crore ($100.2 million). After the sale, BT has 24.4 per cent in Tech Mahindra.
