Vastu Housing Finance to raise up to $300 million
The company has assets of about ₹5,000 crore under management, primarily consisting of mortgages to the self-employed segment with an average ticket size of ₹13 lakh. Earlier this year it started a micro-housing business and is also building a commercial vehicle loan book through a subsidiary.
Nifty could encounter more selling pressure: Analysts
We recommend focusing on stocks based on the sectoral trend. We expect the positive tone to continue in banking and FMCG sectors while pharma and IT stocks may continue to trade lackluster. Besides, it’s prudent to keep the leveraged positions hedged, especially overnight trades, citing the upcoming data and events and staying selective on the […]
Sula Wines IPO more suitable for investors with high risk appetite
Low promoter holding of 27.3% after the IPO, regulatory risks related to the liquor industry and highly volatile operating margins are additional risks to the business. Given these factors, the issue looks more suitable for long-term investors with a high-risk appetite.
Top money managers see global stocks recovering in 2023
Amid recent optimism that inflation has peaked – and that the Federal Reserve could soon start to change its tone – 71% of respondents in a Bloomberg News survey expect equities to rise, versus 19% forecasting declines.
QIP fundraise in 2022 lowest in 6 years on strong balance sheets, reduced demand
Bankers said strong balance sheets in some sectors, sharp volatility in the stock market, high valuations, and consistent selling by foreign portfolio investors (FPIs) through most of 2022 have kept companies away from raising funds through QIPs.
Lenders betting big on supply chain finance
While ICICI Bank has said it will focus on supply chain finance for future growth, Axis Bank has onboarded technology providers to offer AI (artificial intelligence)-powered supply chain solutions.
China reopening to curb growth: Goldman President
Goldman Sachs Group Inc. President John Waldron said China’s road to reopening could be “bumpy,” which coupled with the scenario of a mild recession in Europe and the US could lead to a tougher economic climate.