Financial services firm Edelweiss Capital on Wednesday said it will acquire domestic broking house Anagram Capital for Rs 164 crore (Rs 1.64 billion). The company along with its subsidiary Edelweiss Investments & Finance has entered into an agreement with Anagram Capital to acquire it for Rs 164 crore, Edelweiss Capital said in a statement.
The JV, Edelweiss Tokio Life Insurance (ETLI), will soon apply to the Insurance Regulatory & Development Authority to get its nod to start operations, which may take eight months to one year time from now, Edelweiss Capital's Chairman Rashesh Shah said.
Nestle's acquisition of Pfizer's infant nutrition business has an India angle to it. While Pfizer does not have its infant nutrition brands such as SMA Gold, Promil Gold, Progress Gold and Promise Gold in India yet, the threat that it could launch these products in the country was always there, thanks to its strong presence in neighbouring countries such as China, Indonesia and the Philippines.
Infrastructure conglomerate Lanco Group and leading financial services firm Edelweiss Capital have emerged frontrunners in the race for Axis Bank's private equity arm. According to two people familiar with the developments, Lanco and Edelweiss have made the most aggressive financial bids among all the non-binding ones that have come in so far. The bids, they said, were in the range of Rs 30-45 crore.
Sebi should change the way issues are graded, say experts. In fact, the higher the grade of an IPO, the poorer has been its performance in the market.
At least four top brokerages -- Religare Enterprise, Edelweiss Capital, Emkay Shares and Stocks and Modern Securities -- have delayed their fourth quarter results.
Stay Hungry, Stay Foolish is the story of 25 IIM Ahmedabad graduates who chose the rough road of entrepreneurship. The book seeks to inspire young B-school graduates to look beyond placements and salaries. To believe in their dreams.
The Indian Cricket League on Wednesday named Edelweiss Capital Limited as the title sponsor for its upcoming tournament. The Twenty20 tournament will be called 'Edelweiss 20s Challenge'.
Valuations of broking companies have halved since January 2008. Patient investors can start accumulating selective stocks with a long-term perspective.
The US-based private equity firm Texas Pacific group, among three others, is in talks with country's second largest airline Air Deccan for picking up a minority stake.
The offer, which is being managed by Edelweiss Capital, was scheduled to open on Wednesday and close on August 13.
Vishal Goyal, Banking Analyst at Edelweiss Capital, says that the interest rate increase is not that harmful for banks' bottomline.
Although now free, Mangal's ordeal may be far from over.
'Many of those who invested in NCD issues are those who traditionally put their money in fixed deposits...'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The turmoil on the Street and a continued fall of the rupee may affect growth stocks, pushing equity investors back to the relative safety of defensive counters, or forcing them to flee markets, or both.
FIIs accumulated India's top-listed companies at an average valuation of around 16 times.
Experts expect the trend to continue in the near term.
Promoters' holding in private sector BSE 500 companies declined to 43.4% in Sept
This analysis is based on the quarterly earnings for 724 companies.
ITC's net profit grew the fastest, followed by HUL and Asian Paints.
There, however, has been an improvement in operating margins.
Premium valuations era started in 2006 and went hand in hand with decline in the US interest rates
If financials and oil sectors were removed, India Inc has done quite well.
More than 10% (40 of 498 companies) have lost at least half their market value.
Indian companies typically have higher return on equity.
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