RR Kabel has bright prospects, but needs a long-term horizon
Of this, nearly 10% will be through an issue of fresh shares, with the proceeds to be utilised for bringing down the debt of the company, while the balance 90% will be an offer for sale by its promoter and private equity investor TPG Asia. The promoter holding will drop by 3.65 percentage points to […]
Yatra Online IPO to open on September 15
The fresh issue size of Rs 602 crore is down from the originally envisaged issue of Rs 750 crore, and includes a pre-IPO placement of about Rs 62 crore consisting of 26,27,697 equity shares issued at a price of Rs 236 per equity share to one of its promoters THCL, by way of a rights […]
RBI expands its toolkit to tackle liquidity, inflation
Several treasury executives told ET that the RBI conducted multiple tranches of short-term ‘sell-buy’ swaps in the foreign exchange market for a cumulative amount of around $8 billion over the last few days. The central bank has not conducted these transactions for such a magnitude for at least three months prior to this, currency market […]
ETF traders pouring cash into EM’s non-China growth engines
“You don’t want to brainlessly or mindlessly follow an index, right?” said Donald Calcagni, chief investment officer of Mercer Advisors Investment Management. “It’s an opportunity to rethink our emerging-market allocations and take a more flexible approach to how we think about geographical diversification.”
Market share of PSU general insurers falls
State-run general insurers in India now account for less than a third of the industry premium, as larger private non-life insurers have strengthened their position in the market. Public sector insurers saw their premium income decrease by 1% to Rs 34,203 crore during the first five months of the fiscal year.