Eleven companies have launched their initial public offerings (IPOs) in December 2023, making this month the second-best December for public offerings since 1996. Collectively, they are raising Rs 8,182.7 crore this month. In December 2021, 11 companies raised Rs 9,534 crore. However, excluding December 2021, this month marks the best December for IPOs since 1996.
A fundamental analyst pegs a PE as "high", "low", or "fair-value", depending on EPS projections. Fair-value is a subjective calculation, based on earnings expectations and interest rates (the benchmark of risk-free returns). The theory is that PE will correct from the high or low end to fair-value.
'I have two sisters. One is 13 and the other is 17.' 'For them, their father is the director of Shahid, Omerta, Simran, Scam 1992 and Scoop.' 'For me, my father is the director of Jayate, Dil Pe Mat Le Yaar, Chhal, Yeh Kya Ho Raha Hai, three unreleased films and Woodstock Villa.' 'No one has seen these films.'
Apart from bringing the margins down, the rupee fall is likely to hit the sentiments of global PE investors on India.
ICICI Bank says it blocked all UPI transactions made through PhonePe due to security concerns.
India has scored over China in terms of total private equity (PE) investments received from the United States over the last eight years, but China is well ahead of India in terms of PE investments this calendar.
Sukanya Verma quizzes you to find out just how much you know about the movies.
Shah Rukh Khan conducted an #AskSRK session on X recently to discuss his coming film Dunki and the release of his daughter Suhana Khan's debut film The Archies.
Mobile wallet adoption is surging in India and swiftly becoming a primary payment option, surpassing traditional methods like cash and cards. Over the next few years, payments via mobile wallets in India are likely to surpass the Rs 531.8 trillion mark in 2028, witnessing a compound annual growth rate (CAGR) of 18.3 per cent between 2024 and 2028, according to GlobalData - a London-based leading data and analytics company. The value of mobile wallet payments in India, as per a GlobalData report, grew at a CAGR of 72.1 per cent between 2019 and 2023 to reach Rs 202.8 trillion ($2.5 trillion) in 2023.
It will be a unique 'Naav Pe Charcha' (chat on boat) when Prime Minister Narendra Modi and French President Francois Hollande have a cruise on Friday on the La Seine river that flows through Paris.
India's defence sector presents an ordering opportunity worth $138 billion between fiscal years 2023-24 (FY24) and FY32, said a latest note by Nomura, which has initiated coverage on two defence-related players - Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) - with a 'buy' rating. The research and broking house sees an upside potential of 28 per cent and 32 per cent, respectively in these two stocks from the current levels.
All major sectors -- real estate, e-commerce, IT, retail and consumer products, healthcare -- saw new all-time highs in value invested.
"Looking at the films come to life on set was a lot of fun. The lensing, the art direction and Prakash Sir's detailed eye. It felt like something special was brewing," says Naina Bhan.
Mergers and acquisitions (M&As) in India are expected to stay buoyant, seen over the last three-four years, despite a slowdown in the first seven months of the calendar year. "M&A is a lumpy business activity, and we may suddenly see large deals taking place during the next two quarters of the calendar year. "This would help maintain the streak of strong M&A activity.
Questions will be raised over why those changes take place and whether non-economic factors are at play, says A K Bhattacharya.
A beaming father Chandrapal, said that the son told his mom that he was confident of stopping the legendary MSD on his tracks.
Byju's is set to go the way of Housing.com and Zilingo. It is only a matter of time. Indeed, the coup attempted by investors will ensure that, says Debashis Basu.
Players such as Kidaara, True North, and Multiples Alternate Asset Management move outside the confines of just being a family-style financial office and become a true PE heavyweight.
Private equity deals in Jan-Mar 2008 touched $3.3 bn, higher than the year-ago period, which registered 101 deals fetching $2.7 bn, according to the data released by Venture Intelligence, a private equity research company. $3.3 bn mopped up through 97 private equity deals in the Mar 2008 quarter were lower than 131 deals totalling $5 bn in the preceding Dec 2007 quarter. Volatility in the secondary market injected a dose of caution on the Private Investments in Public front.
Congress leader Jairam Ramesh cited the prime minister's speech made in Barmer on Wednesday and said the people of the state will surely respond to such "arrogance" of the prime minister.
Total investments in the first six months of 2017 was a record $11.34 billion
The $306-million investment in Ola Electric Mobility by SoftBank Corp, Arun Sarin Family, Ratan Tata and Matrix has been the biggest funding in this space in value terms this year.
'Now that we are a pure-play India business, many investors are open to investing.'
PE funds have invested Rs 13,000 cr into the property market in Bengaluru.
Foreign banks and private credit funds are queuing up to fund acquisitions by Indian companies who are buying out their local rivals. The Adani Group, Torrent Group, and the Hindujas have approached several foreign banks and private equity (PE) firms to fund their acquisitions. Global investors have about $2 trillion of funds to invest, and about $100 to $150 billion is set aside for India, according to an estimate by JP Morgan.
Another season of these legal antics would be welcome, applauds Deepa Gahlot.
'The cold weather of Delhi was thawed away completely by the warmth of the prime minister,' says Kshitija Desai.
Gitanjali Gems plans to hive off various businesses.
After a long wait, the Shapoorji Pallonji Group has closed the sale process of its consumer durables business under the Eureka Forbes label by picking the American private equity fund Advent International's Rs 4,400-crore offer for a 72 per cent stake. The sale process, which began in November 2019, will help the over 156-year-old SP Group pair the debt pile and sharpen the focus on the flagship construction and engineering business under Afcons. The valuation of Rs 4,400 crore for a 72.56 per cent stake is is at an enterprise level and subject to closing adjustments and also includes an open offer for the remaining stake after the demerger and listing of Eureka Forbes, the SP group said in a statement on Sunday.
Deals shrink to $396 million this year, compared to $793 million in 2011.
'India has a lot of potential, not just in commercial aspects, but also in hiring of people and sourcing of products.'
Net inflows into two of the 'lower risk' equity funds - largecaps and flexicaps - outpaced the flows into smallcap funds during January 2024 for the first time in 17 months. This is an indication that investors may now be shifting to the relatively safer largecap stocks after a sharp run up in the mid and smallcap spaces. Net inflows into large and flexicap funds were at Rs 3,730 crore last month against Rs 3,260 crore by smallcap schemes.
Experts say it's not only important to get due-diligence done by an independent firm but it needs to be cross-checked, too.
Slum rehabilitation projects, increase in FSI trigger frantic activity by funds.
Uttam's Take: Narendra Modi's Chai Pe Charcha
Experts believe MNCs, which look for a strong foothold in the Indian kitchen appliances space, target the leading organised players in the industry.
Ayushmmann enjoys a treat in Chandigarh... Nimrat spends time at home in Bikaner... Bhagyashree makes a short trip to the US...
Renowned realtors are shying away from the private equity (PE) route to raise funds.
Analyst are cautious about the performance of IT services sector from January to March quarter (Q4) of FY24 and the first half (H1) of FY25. While the Bloomberg consensus on revenue implies the market is expecting 2-3 per cent growth on a quarter-on-quarter (Q-o-Q) basis for the IT majors through FY25, the H1FY25 is likely to see even flatter returns, and Q4FY24 is likely to be poor. There is likely to be some recovery in the second half (H2FY25) but even so, there's a chance that the market will be overall disappointed.
PhonePe wants to dethrone its Alibaba and SoftBank-backed rival, Paytm, claiming that additional capital that Walmart will bring to the table will help it grow much faster
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