Add to it, associate sponsor companies like Unacademy, Dream11, CRed, Upstox, and Tata Motors, who pay in the range of Rs 120 crore each. Some subsidiary sponsors are also there.
The FPI holding in India's top 100 companies, which are part of the Nifty 100 index, declined to 24.23 per cent on average at the end of March this year, from a high of 27.5 per cent at the end of March 2021. This is the lowest FPI holdings in India's top listed companies in at least three years. A general sell-off by FPIs has weighed on stock prices and the benchmark S&P BSE Sensex is down 8.5 per cent, from its 52-week high made in October 2021. Most analysts expect FPI flows to remain weak in FY23 as well, given rising bond yields in the US and an expected earnings slowdown in India due to high inflation and commodity prices.
While small-caps have delivered higher returns than their large-cap peers, investors would do well to recognise the incremental risk of investing in these companies.
Kolkata-based business tycoon Sanjiv Goenka's RP-SG Group claimed the Lucknow franchise for a whopping Rs 7090 crore, while international equity investment firm CVC Capital won the bid for Ahmedabad with a Rs 5600 crore offer.
BCCI secretary Jay Shah spoke on a range of subjects related to Indian cricket, IPL's place in the global cricket calendar, running the cricket establishment in times of COVID-19 and the road ahead for both Indian cricket and IPL.
The Board of Control for Cricket in India is set to pay a huge compensation of more than Rs 800 crore to disbanded Indian Premier League franchise Kochi Tuskers Kerala for terminating their contract in 2011.
Although Walmart-Flipkart wholesale game-plan is to target about a $150 billion market out of a total pie of $700 billion in the country, the consolidation marks the end of the multi-brand dream of the American retail giant.
Former Board of Control for Cricket in India president Narayanswami Srinivasan is facing fresh trouble after reports emerged that he hired a London-based firm to spy on other Board members, it was reported on Sunday.
Investment by US PE firm KKR will add fire to Ambani's battle for dominance in the retail market that is also being eyed by Jeff Bezos' Amazon and Walmart's Flipkart.
The Board of Control for Cricket in India on Wednesday indicated it will appeal against former Chief Justice of India R C Lahoti's report that went in favour of Kochi Tuskers, the erstwhile Indian Premier League franchise whose contract was terminated by the Board in 2011 because of an alleged breach of contract.
MS Dhoni-led team has lost its number one position to Kolkata Knight Riders.
IPL franchise Mumbai Indians is among the world's 150 most valuable sports team brands according to a list topped by English football giants Manchester United, which has a brand value of USD 852 millions.
Two-time Indian Premier League champions Chennai Super Kings has been valued at just Rs 5 lakh by its owners, India Cements.
Through the IPO, Burger King has raised Rs 450 crore, which will be used to rollout new outlets and retire debt.
Foreign brokerages said if SBI decide to buy stake in the bank, they should buy it at Rs 1 per share as the net worth is hugely impaired.
'There is no need to do anything, let your SIPs get deducted every month, and stick to your allocation between equity, fixed income and emergency funds and your risk covers.'
Being one of the early commentators to flag economic slowdown and caution investors on corporate earnings, Gautam Chhaochharia, head of India research, UBS Securities, in an interview with Hamsini Karthik says the markets remain in an expensive zone despite the recent correction.
According to a Forbes poll released on Wednesday, Spanish football club Real Madrid once again leads Forbes' most valuable teams list, which mostly includes National Football League franchises.
A stock bonanza awaits Adam Gilchrist and his Deccan Chargers teammates who fashioned a great turnaround in the IPL franchise team's fortunes to win the title in the second edition of the Twenty20 League, in South Africa in April-May. 'As and when we go public we will set aside a portion of the stock for the players,' Deccan Chargers chairman V Shankar said.
Promoters of Rajasthan Royals look to spin off team's success for better valuations.
Ten out of the 16 sponsors will appear on team's apparel.
Share prices of Dewan Housing, Indiabulls Housing, and PNB Housing have declined 30-80% in the past one year
Retail investors may burn their fingers investing in them, especially if the markets correct, experts tell Sanjay Kumar Singh
It is advisable to stick to mid-caps with sustainable financial metrics rather than those offering the promise of faster growth.
'The solution is to enable a graceful transfer of the deposit and funding 'franchise' from capital-deficient firms to capital-surplus firms.' 'This will expand credit intermediation, bring down its costs, and put the financial sector on a definite path of recovery,' argues former RBI deputy governor Viral Acharya.
Vikram Bakshi, the estranged partner of fast-food chain McDonald's, will seek reinstatement as managing director of the 50:50 joint venture Connaught Plaza Restaurants, with a plea to the Company Law Board seeking the 'deadlock' in the August 6 board meeting be resolved.
An analysis of past 20 years' demand cycles done by Edelweiss Securities indicates that the auto sector is currently in the middle of a down cycle. Volume recovery, they say, is unlikely to be as sharp as in the past, unless there is strong fiscal support.
Banking stocks, including top ones like State Bank of India, ICICI Bank, HDFC Bank, Bank of Baroda and Bank of India, among others, have fallen sharply in the last one month.
As in all successful comebacks, strong leadership will be key for the Chennai Super Kings and the Rajasthan Royals.
23 Yards will include body wash, beard oil, shaving gel, deodorant and sanitizer.
'The true fruits of the attack on black money, what Raghuram Rajan did for the banking system, and what technology is doing for us will come in FY19, which, not surprisingly, is the year running up to the next Lok Sabha elections.'
The management, however, is a bit wary about near-term performance.
A section of analysts feel now may not be a bad time to buy select PSBs.
The past decade saw three full cycles of markets moving up and then going into bear phases.
Anup Roy and Krishna Kant on the challenges the public sector banks face in revitalising themselves
In its investor presentation, IHH said it wanted to develop Fortis into a market leader.
'It's a toss-up between a fire sale of equity or merger with a strong bank,' points out Tamal Bandyopadhyay.
Experts tell Ujjval Jauhari that investors need to be careful in picking stocks given high valuations and with markets possibly ignoring potential risks
These consistent performers are expected to maintain momentum.
Jain was the architect of Deutsche's investment banking business and placed one of his former trading heads, Alan Cloete, in Hong Kong as co-CEO for Asia Pacific in 2012.
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