)
Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Already a prominent player in the Saudi market, this investment will further strengthen its position
Identifies key themes like leisure, jewellery, out-of-home food, healthcare and premium brands as growth areas
S&P India Shariah Liquid 35/20 Capped Index has rallied nearly 20 per cent in the past one year in AED terms
Among the key reasons for the rally in PSUs are undervaluation and hopes of privatisation
As per an analysis done by CLSA, India price-to-earnings (P/E) multiple is nearly 30 per cent higher than its historical average
IiAS raises concern over lack of clarity on the utilisation of sale proceeds of unit that contributes 75% of revenue
Benchmark indices gained altitude, but not all new entrants were able to cash in
The stock of IndiGo airlines' parent company, Interglobe Aviation, posted one of its longest winning streaks this week
"Given cross-currency hedging rates, the borrowing cost in dollar terms would be significantly more for companies that do not have a natural hedge"
A significant portion of Hong Kong's market cap is due to companies from Mainland China choosing to list in the city
More than 50 entities, largely comprising foreign funds, were among the buyers, including Societe Generale, Morgan Stanley, Goldman Sachs and UBS
Among the top 10 nations in terms of market value, Saudi Arabia has the largest concentration, with top five companies accounting for over 80 per cent of its market value
A slide in shares of Indraprastha Gas and Petronet LNG could increase the risk of their expulsion from the MSCI index
Nine index components have dragged the index lower by over 1,600 points since September 2021 and nearly half the components have underperformed
Further, these issuances will only be interest or dividend-bearing instruments with a simple structure
The deal pipeline across products is robust for 2024. Banks are actively working on several IPOs, with plans to file them in the next three months, says Balakrishnan
The stock performance of restaurant aggregator and food delivery platform Zomato could improve following the removal of the share sale overhang
Total 11.8% equity stakes changed hands in block deals
Shares of TCS last closed at Rs 3,617, up 0.4 per cent
Domestic liquidity backing helps underpin PE exits worth $2.5 bn