CATEGORIES
Brookfield India Reit raises ₹3,500 crore through QIP issue
Brookfield India Real Estate Trust (Reit) has raised ₹3,500 crore by selling units to institutional investors through qualified institutional placement (QIP) issue mainly to reduce debt.
Nuvama Wealth buys Oyo shares worth ₹100 cr in secondary market
Nuvama Wealth and Investment Limited has acquired shares worth ₹100 crore in Oyo's parent firm Oravel Stays Limited at ₹53 per share on behalf of its investors, a clutch of family offices, through a secondary market transaction, sources said.
OMC stocks seem attractive after earnings decline and correction
Results for the first half (H1) of 2024-25 (FY25) of the three oil marketing companies (OMCs)—Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL)—were poor, with accumulated LPG losses, weaker gross refining margins (GRMs), and inventory losses dragging earnings sharply even after allowing for H1FY24's high base.
Investors flock back to IPOs with ₹2.2 trn bid
It is not just the secondary market that is witnessing a revival in fortunes. Even the initial public offering (IPO) markets have roared back to life, with investors submitting bids worth over ₹2.2 trillion on the three IPOs that wrapped up on Friday.
Sebi clarifies on exclusions in pro-rata distribution for AIFs
The Securities and Exchange Board of India (Sebi) on Friday clarified 'exclusions' from the pro-rata distribution mandate for alternative investment funds (AIFs).
Indian options trade sees 90% volume slump on crackdown
It's been barely a month since India's regulator acted to stem a frenzy in the derivatives market, but the impact is clear.
Gold may see best year in a decade
Prices have climbed over 30% in 2024 led by central bank purchases, investor buying: WGC report
The year we thought about institutions
The United States (US) may be about to receive a lesson in overconfidence.
Left-arm speed merchants
Marrying skill, athleticism, and finesse, Mitchell Starc's bowling is a sight to behold. There is magic in the manner he powers to the crease and flicks the ball with his cocked wrist to generate late swing.
The chessboard whisperers
One of the more interesting aspects of Gukesh Dommaraju's successful campaign for the world championship was the induction of Paddy Upton as part of his team.
Trump's tariffs will backfire
U.S. President-elect Donald Trump appears committed to imposing high tariffs on imports to the United States—or, at least, using the threat of tariffs to bend U.S. trading partners to his will.
BJP goes after Foggy Bottom
BJP's attack was not merely on the American 'deep state'. The idea had been acquiring currency across ideological lines for some time and has been given greater legitimacy by Trump
The year we thought about institutions
The United States (US) may be about to receive a lesson in overconfidence.
New admin may recommend scrapping car-crash reporting
The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk's Tesla, according to a document seen by Reuters, a move that could cripple the government's ability to investigate and regulate the safety of vehicles with automated-driving systems.
Apple builds in-house chip for iPhone, Smart Home
Apple Inc's ambitious plan to create in-house components for its devices will include switching to a homegrown chip for Bluetooth and Wi-Fi connections starting next year.
Musk wants to turn SpaceX base into Texas city
SpaceX is launching a new mission: making its Starbase site a new Texas city.
Ukraine suffers massive attack on power infra
Russia launched a massive air-strike against western Ukraine on Friday in what Kyiv described as one of the largest attacks on its power infrastructure since the war started.
Trump team seeks to shrink or eliminate bank regulators
US President-elect Donald Trump's transition team is exploring ways to significantly reduce, merge, or even eliminate the top bank regulators in Washington, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Macron names Bayrou as French PM
'There is a path to be found that unites rather than divides people,' says leader of centrist Democratic Movement party
₹35K cr subsidies needed to meet 2030-31 ethanol-blending target
The Indian Sugar Mills Association (ISMA), in a road map presented to the government recently, said the country would need to increase subsidies to nearly ₹35,000 crore to create an additional 7.70 billion litres of ethanol capacity from sugarcane to achieve blending levels of 20 to 25 per cent by the 2030-31 ethanol supply year (ESY).
BJP, Congress accuse each other of dishonouring Constitution's spirit
Rajnath says Congress always chose power over Constitution, draws counter from Priyanka
House panel for increased pvt participation in rail infra
After a heated debate on railway privatisation in the Lok Sabha during the current session, the parliamentary standing committee has advised the national transporter to explore ways to increase private sector participation in its infrastructure.
PM to address chief secys at NITI Aayog meet today
The NITI Aayog on Friday kicked off its three-day conference of chief secretaries and top officials of all States and Union Territories.
Microfinance growth may nosedive to 4% in FY25
QUALITY CONCERNS
SBI seeks counter bids to sell JAL's ₹52K cr debt
State Bank of India (SBI) has invited counter bids from entities interested in acquiring bad debt of ₹52,074 crore in Jaiprakash Associates Ltd (JAL) via a Swiss challenge auction, triggered by an anchor bid from state-owned National Asset Reconstruction Company Ltd (NARCL).
Nestle ruling fallout: Switzerland revokes MFN status to India
From Jan 1, Indian firms will face higher tax on dividend income
Brokers will need exchanges approval for each algorithm: Sebi
Algorithms developed by retail investors will need to be registered with exchanges through their brokers.
Forex reserves decline to 5-mth low of $654.8 bn
India's foreign exchange reserves dropped by $3.235 billion to $654.857 billion, a five-month low, for the week ended December 6, data released by the Reserve Bank of India (RBI) revealed on Friday.
Even a 2% wealth tax on billionaires can raise a lot of money for social infra
What are the key reforms the government should undertake to reduce inequality?
CEA: Higher tax will drive capital away
Taxing capital less may not lead to more investments but taxing more will drive capital away, Chief Economic Advisor V Anantha Nageswaran on Friday said during a discussion on Inequality, Economic Growth and Inclusion.