Better to be a trader in ITC than an investor now: Experts
The cigarette-to-consumer goods maker was the best performer on benchmark indices over the last year, logging in gains of nearly 46%. Its shares have more than doubled over a two-year period, testing a lifetime high of nearly ₹500. Analysts are advising against fresh lump sum investments in the stock as they believe the best of […]
Adani Power promoters sell 8.1% stake for $1 billion
According to BSE data, GQG Partners Emerging Markets Equity Fund and Goldman Sachs GQG Partners International Opportunities Fund bought 152 million shares, or a 3.92% stake, at ₹279.15 apiece for ₹4,244.7 crore.
We still have enough dry powder to deploy in India: Baring EQT CEO Jean Salata
Baring Private Equity Asia-EQT (BPEA-EQT) announced two headline transactions in as many months. In June, it teamed up with Chrys Capital to buy 90% of Credila, the education loan arm of HDFC Ltd, for $1.1 billion–the largest-ever private equity (PE) buyout in India in the financial services sector.
RBI could extend incremental CRR to rein in liquidity
The RBI may not increase the repo rate as it ascertains the durability of high food prices while seeing the impact of previous rate hikes work their way through the economy, which faces threats from a weak external environment. The central bank can, however, bolster transmission of its policy actions and prevent borrowing costs from […]
Fed saw ‘significant’ inflation risk that may merit more hikes
“Most participants continued to see significant upside risks to inflation, which could require further tightening of monetary policy,” according to minutes of the US central bank’s July 25-26 policy meeting published Wednesday in Washington.
As merger nears, Air India B787 pilots told to fly Vistara aircraft
The pilots will only move once the merger gets an approval from the Competition Commission of India (CCI). Air India and Vistara are the only Indian carriers currently flying Boeing Dreamliners. Air India sent a consent form to its Dreamliner pilots seeking their “willingness to go on deputation to Vistara as a line captain on […]
GQG acquires shares worth Rs 982 crore in JSW Energy
On Wednesday, GQG bought 1.6 crore shares or 1.01% stake in the company at ₹341.7 on the BSE, for around ₹571 crore. Shares of JSW Energy ended nearly 6% higher at ₹368.0 on the NSE. GQG purchased these shares through six funds.