EQUITY

  • 'Private equity investments in India likely to touch USD 12 billion in 2014' September 28, 2014

    Port Louis (Mauritius): Private equity investment in India is likely to touch a staggering USD 12 billion in 2014 primarily on account of reform measures taken by the government at the Centre. In the first half of the year, private equity entities pumped in USD 6 billion in India. ...
  • Infosys loses 8 per cent, Sun Pharma falls 5 per cent; Nifty ends below 6500 March 13, 2014

    Mumbai: After struggling with the bears, the market closed in negative terrain. The Nifty gave away the 6500-level, holding it well for five consecutive days. The Nifty ended down 23.80 points at 6493.10. The Sensex was down 81.61 points at 21774.61. About 1278 shares advanced, 1495 shares declined, and...
  • 4 investment segments to watch in 2014 January 16, 2014

    1. Real Estate The year 2013 was not really great when it came to investing in real estate. Prime areas in Mumbai actually saw a fall of around 10 percent, while the suburbs managed to maintain the price range. Real estate is a difficult business to understand. Since developers are...
  • Gold steady, but set for biggest annual loss in three decades December 26, 2013

    Gold was little changed on Thursday in thin yearend trade, but looked set to post its biggest annual loss in more than three decades as rallying equities and optimism about a global economic recovery dented its safehaven appeal. Worries this year that the US Federal Reserve will begin unwinding its stimulus...
  • Sensex plunges 406.08 points to close at 20,229.05 November 21, 2013

    Mumbai: In its biggest drop in over two months, the benchmark Sensex on Thursday plunged by 406.08 points on heaving selling triggered by fresh fears that US Fed would begin tapering its economic stimulus earlier than expected. In step with local stocks, rupee plummeted to 62.97 versus the US dollar, raising...
  • 20member delegation of foreign institutional investors to visit UP November 20, 2013

    A 20member delegation of venture capitalists and foreign institutional investors will visit Uttar Pradesh on Thursday, an official said in Lucknow on Wednesday. The delegation is coming to Lucknow for exploring possibilities of active participation in infrastructure and industrial development projects in the state.The investors are scheduled to meet senior government...
  • Sensex jumps 69 points on 'Mahurat trading' November 3, 2013

    Mumbai: A benchmark index of the Indian equities markets rose 69 points in the special Diwali trading on Sunday, led by good buying support in auto, FMCG and oil and gas stocks. The 30 scrip sensitive index S&P Sensex of the Bombay Stock Exchange opened the special session at 21,278.08 points...
  • Littleknown Hollywood investor Suhail Rizvi poised to score with Twitter IPO October 5, 2013

    Los Angles/ San Francisco: When Twitter goes public in coming weeks, one of the biggest winners will be a 47yearold financier who guards his secrecy so zealously that he employs a person to take down his Wikipedia entry and scrub his picture from the Internet. Over the past two years, Suhail...
  • Government open to 100 per cent private equity in six airports August 30, 2013

    The government is willing to allow 100 per cent equity by private companies to manage six government-owned airports. Under PPP model, management and operations of Chennai, Kolkata, Ahmedabad, Jaipur, Lucknow and Guwahati airports will be awarded to private players for a concession period of 30 years from the Airports Authority of...
  • Chidambaram hopes undervalued rupee will find its appropriate level August 27, 2013

    With rupee again crossing 65-to a dollar mark, Finance Minister P Chidambaram on Tuesday said the currency is undervalued and hoped it will find its appropriate level. "The rupee has overshot is true level, it is undervalued, We have to be patient, be firm, do whatever is required to be done...
  • British regulator fines Indianorigin brokers, 2 others for RIL GDR manipulation August 8, 2013

    London: British regulator FCA on Thursday fined an Indiaorigin broker and two others in a case of financial market manipulation here by an Indian businessman in securities of Reliance Industries Ltd (RIL). While a 6 million pound (Rs 56 crore) fine has already been imposed on the Indian businessman, Rameshkumar Goenka,...
  • Flipkart raises $200 million through private equity July 11, 2013

    Mumbai: Flipkart has raised $200 million from a clutch of private equity funds, the company said on Wednesday, in what could be the single largest investment in an ecommerce company in the country. The money was raised from South African technology group Naspers Ltd and private equity funds Tiger Global and...
  • Sensex ends flat on profitbooking ahead of RBI monetary policy April 23, 2013

    Mumbai: The BSE benchmark Sensex on Tuesday ended flat with a small rise of 10 points as cautious investors indulged in profitbooking ahead of the monthly settlement in derivatives segment and the RBI monetary policy meet on May 3. Trading sentiment further influenced on a weakening Asian trend but better opening...
  • Germany presses India to hike insurance equity cap April 11, 2013

    Berlin: Germany on Thursday pressed India to hike the foreign equity cap in the insurance sector and reduce tariffs on import of automobiles as a prelude to the muchawaited IndiaEU Free Trade Agreement even as the two countries signed six pacts including one under which a German loan of Euro...
  • Rs 297 crore additional funds for Kochi Metro March 27, 2013

    Kochi: Kerala government on Wednesday sanctioned an additional Rs 297.75 crore for the Kochi Metro project. Out of this, Rs. 88.50 crore is state government's equity share and Rs 209.25 crore for land acquisition, a Kochi Metro press release said. The allocation would further boost the ongoing land acquisition process. Government...
  • Sensex snaps 7day losing streak, closes 23 pts higher March 26, 2013

    Mumbai: The BSE benchmark Sensex on Tuesday snapped a sevenday losing streak by rising 23 points on buying by funds mainly in consumer durables and FMGC stocks ahead of monthly expiry in the derivatives segment amid a firming European trend. The Sensex closed 23.11 points up, or 0.12 per cent,...
  • Attractive schemes on the anvil to discourage gold buying February 28, 2013

    New Delhi: Aiming to check demand for gold, Finance Minister P Chidambaram on Thursday proposed inflation-indexed bonds and modified Rajiv Gandhi Equity Savings Schemes with a view to make financial instruments more attractive. "The household sector must be incentivised to save in financial instruments rather than buy gold. Increasing savings...
  • Budget 2013: 'Invest in pharma, financial, IT sector' February 25, 2013

    While most people in the market are bullish in the run up to the Union Budget, Dipan Mehta, member of BSE & NSE doesn't see the Budget having any large impact on the equity market. The domestic and global cues, according to Mehta, will at best have a short-term effect...
  • Chidambaram to launch equity savings scheme today February 9, 2013

    Mumbai: Union Finance Minister P Chidambaram will launch the Rajiv Gandhi Equity Savings Scheme (RGESS) in Mumbai on Saturday, an official statement said. The scheme was announced in the Budget 201213 and is aimed at attracting firsttime investors in stock markets. Under the scheme, an individual with an income of less...
  • Dell's shares surge on report it's in talks to go private January 15, 2013

    San Francisco: Shares of Dell Inc soared 13 per cent to a near eightmonth high on Monday after Bloomberg reported the world's No 3 PC maker is in talks with at least two private equity firms about going private. The discussions between the PC maker, which has steadily ceded market share...
  • Can private equity funds in India deliver returns for their investors? January 4, 2013

    Private equity funds invest over a seven to nine year cycle, so investments that were made in 2006 to 2008 will be the ones that will be ready for harvest. Unfortunately, many of those investments were made on business plans that don't look very achievable now. They all assumed a...
  • Govt to infuse Rs 2000 crore into Air India December 7, 2012

    New Delhi: India will infuse Rs 2000 crore in equity into ailing staterun carrier Air India as part of a turnaround and financial restructuring plan, a government statement said on Friday. Last year, the government had approved a $5.8 billion bailout plan for the national carrier. The latest equity infusion is...
  • Govt to infuse Rs 4000 cr in SBI: CFO December 5, 2012

    Mumbai: The government is looking to infuse Rs 4000 crore in State Bank of India, a bank executive of the country's biggest lender said on Wednesday. "What mode it will be is being discussed," said Diwakar Gupta, managing director and Chief Financial Officer at SBI. "We have given various options and...
  • Kingfisher can't be revived without fresh equity: SBI July 7, 2012

    New Delhi: SBI on Friday said plans to revive Kingfisher Airlines will not work unless they are backed by fresh equity infusion. "Firm plan should be to bring equity... whatever plans they make (to revive the airline), plans have no meaning till equity comes," SBI Chairman Pratip Chaudhuri said in...
  • 'Licence Raj still exists in education sector' June 23, 2012

    Anand Sudarshan Age: 52 years Designation: Vice chairman and managing director, Manipal Global Education Services (MaGE). Education: BE in E&C, NIT Trichy and PGDM IIM, Calcutta Career: Started with Nelco, then moved to a computer retail chain called Computer Point for four years; later cofounded Microland group and ran Planetasia.com as its CEO and...
  • India an unattractive destination: Goldman Sachs June 14, 2012

    New Delhi: Indian stock market does not present attractive prospects for investors in the near term amid sluggish domestic and global economic growth outlook, according to Goldman Sachs. The global investment banking major Goldman Sachs in its report said that a sluggish domestic and global growth outlook would have a bearing...
  • AI unions unhappy over hiving off departments April 13, 2012

    Mumbai: Air India unions on Thursday night appeared to have reservations over government's plan to hive off the carrier's engineering and ground handling services into two wholly owned subsidiaries as part of its turnaround strategy and they plan to have a meeting on Friday. A...
  • Air India restructuring, equity infusion today April 12, 2012

    New Delhi: In what may come as a big fillip to Air India, the government is likely to take up for approval on Thursday its turnaround plan (TAP), including the issue of infusion of additional equity, in a bid to shore up the precarious financial position of the cashstrapped carrier. ...
  • GAIL eyes project stakes, longterm deals March 25, 2012

    Mumbai: The government owned gas utility GAIL India Ltd is evaluating several proposals for equity stakes and longterm supply deals in the United States, Middle East and Southeast Asia, its chairman said on Saturday. The company's strategy is part of the country's efforts to secure overseas energy supplies to satisfy rising...
  • FM introduces Rajiv Gandhi Equity Saving Scheme March 16, 2012

    New Delhi: In a bid to boost retail investors' participation in the capital markets, the government has introduced a tax exemption scheme for equity markets targeted at new investors in the Union Budget 201213. A scheme christened as Rajiv Gandhi Equity Saving Scheme is expected to deepen bourses investors base...