Optimism over India’s economic situation, employment and income for next one year has improved sharply, Reserve Bank of India (RBI)’s consumer confidence survey showed. Future expectations index rose by 1.3 points to its two-year high of 116.2 points in January 2023. The current situation index also rose 1.3 points to 84.8 points. RBI’s survey obtains […]
One of the main concerns investors have had with Bharti is its lack of free cash flow (FCF) generation, which has limited its ability to create value for shareholders. In this note, we explain the reasons behind Bharti’s historical lack of FCF generation, including factors such as intense competition, high costs of building its spectrum […]
Avalon Technologies IPO opened for subscription on 3 April and the issue has been booked 0.03 times on day 1, with total bids of 3,68,050 shares. Qualified institutional buyers (QIBs) subscribed for none of their reserved portion. Retail investors bid 0.16 times of the shares reserved for RIIs. The NII portion garnered 1% bids so […]
Amidst growing scale of the mutual fund industry, capital markets regulator Sebi has proposed to increase the role and accountability of the trustees in a bid to safeguard unitholders’ interest. In addition, the regulator has suggested to enhance the accountability of board of asset management company (AMC). In order to have an independent review mechanism […]
Flight operations at the Delhi airport faced significant disruptions on Tuesday, with 12 flights diverted and numerous others delayed due to adverse weather conditions. Between 0600-1200 hrs, a total of 12 flights were diverted, with 11 directed to Jaipur and 1 to Lucknow primarily due to dense fog, as confirmed by an official statement in […]
Gold prices rose by Rs 205 to Rs 55,210 per 10 grams in the national capital on Friday amid positive global trends, according to HDFC Securities. The precious metal had touched Rs 55,005 per 10 grams in the previous trade. “COMEX gold heads for a second weekly gain after US job data eased concern that […]
Partnerships between fintechs and traditional lenders will increase in 2024 as the former struggle to garner sufficient funds to build their own balance sheets. Simultaneously, fintechs must contend with a rise in compliance costs with Reserve Bank of India (RBI) tightening scrutiny in recent years, say experts. In recent months, various banks and non-banking financial […]
Mankind Pharma’s IPO will open for public subscription on Tuesday, April 25. The drug makers’ initial public offer will conclude on April 27, and the bidding for anchor investors will open on April 24, according to the red herring prospectus (RHP). The IPO is entirely an offer for sale (OFS) of 40,058,844 equity shares by […]
The rupee settled 19 paise lower at 81.77 (provisional) against the US dollar on Tuesday, tracking a rebound in the greenback overseas and firm crude oil prices. Forex traders said sustained foreign fund outflows further weighed on investor sentiment. The domestic currency finally settled at 81.77, down 19 paise over its previous close. In the […]
Indian benchmark indices are likely to open on a negative note, hinted SGX Nifty. Ahead of the weekly F&O expiry session, Nifty futures were trading 0.5% lower at 18,123 level on the Singapore Exchange. In the previous session, the BSE Sensex rallied 390 pts to 61,046, while NSE Nifty 50 jumped 112 points to 18,165. […]
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