Corporate Investment
BHEL Records 25% Drop in Q4 Net Profit, Stands at Rs 484 Crore
Even as challenges faced the company, the revenue from operations of BHEL inched up in the fourth quarter to Rs 8,260 crore from Rs 8,227 crore in the same period the previous year. Responding to this news, BHEL's share price increased by 2.7 percent on Tuesday to close at Rs 318.8 per share.
India's Gold Demand Up 8% in Jan-March Despite Price Hikes
Jewellery demand in India grew a modest 4% to 95.5 tons, up from 91.9 tons, while investment demand, including bars, coins and others, spiked 19% to 41.1 tons from last year's 34.4 tonnes.
India's Q1 Sees Surge in VC Investments and Deals Amid Global Downturn: Report
The fintech sector continued to draw considerable interest, although with smaller investments per deal, as highlighted in the KPMG Private Enterprise Venture Pulse report.
Mutual Fund SIP Investments Reach Rs 2 Lakh Crore in FY24
Comparing this remarkable figure with previous years reveals a significant upward trend. In the fiscal year 2022-23, inflows through SIPs amounted to Rs 1.56 lakh crore, while it stood at Rs 1.24 lakh crore in 2021-22 and Rs 96,080 crore in 2020-2021, according to data provided by the Association of Mutual Funds in India (Amfi). This consistent growth trajectory underscores the increasing popularity of SIPs as a preferred investment route among investors.
India's Q1 Deal Resurgence: A $24.5 Billion Surge, Revealed in Report
This resurgence in deal activity can be attributed to several factors including robust private equity (PE) operations, a notable resurgence in initial public offerings (IPOs), and a string of high-value transactions, as outlined by the 'Grant Thornton Bharat Dealtracker.'
Foreign Investors Show Strong Interest in Telecom and Realty Sectors
In the realm of US bond yields, there has been notable volatility throughout this year, driven by speculations surrounding potential rate adjustments by the Federal Reserve (Fed). At the outset of the year, the market anticipated six rate cuts in 2024, leading to a gradual decline in yields. However, as the year progressed and the US labor market remained robust, market sentiment shifted to expecting only three rate cuts.
Indian Startups Raise Over $447 Million in Funding: Highlights from Last Week
Among these, nine deals were classified as growth-stage, while 11 were considered early-stage, with two transactions kept undisclosed, as highlighted in the report.
Maruti Suzuki Ventures into AI Realm with Investment in Amlgo Labs
With a substantial investment exceeding Rs 1.99 crore, Maruti Suzuki secures a significant equity stake of over 6.44 percent in this innovative venture.
India's Private Equity Landscape Shows Persistent Growth: Report Findings
Shanthi Vijetha, Partner, Growth at Grant Thornton Bharat, commented on the stability observed in India's deal market amidst global turbulence. While M&A activity experienced a notable decline in value, PE investments continued their upward trajectory, albeit with reduced figures. Looking ahead, despite short-term volatility, Vijetha expressed optimism in India's strong fundamentals and economic recovery, which are expected to bolster investor confidence.
IndiGo Co-Founder Rakesh Gangwal's 5.83% Stake Sale Fetches Rs 6,785 Crore
This decision to reduce his shareholding was initially announced back in February 2022, following a contentious dispute with fellow co-founder Rahul Bhatia concerning perceived corporate governance issues within the company.
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