The trend defies what should be the growth arc of fast-developing nation with core areas seeing as much attention as possible but all the micro-indicators reflect an uneven maturing of businesses
With the new fund raise, Godrej Fund Management now has $1.6 billion (Rs 11,400 crore) of assets under management. It also has funds for residential real estate
The rental arm of Mumbai-based K Raheja Corp, where Blackstone holds 15 per cent stake, has begun work on the Reit and appointed Morgan Stanley the banker, say sources
Weak demand, low pricing ability to restricting performance in following quarters
In terms of delinquency, banks have the lowest with a 30-plus delinquency at 0.50 per cent across all categories of lenders
NBFCs are unlikely to have it easy anytime soon; if anything, the pain is set to get deeper
Further fresh auction of coal mines to private players can also lead to higher competition for Coal India
Focus on asset quality takes precedence over liquidity infusion
Analysts say investors have turned wary of firms with high promoter pledging, given rising corporate debt
In April, the board of debt-ridden Leela had floated an ordinary resolution for sale of its assets
Firm banking on acquisitions, and rationalisation of prices
The investment by Kora Management is a part of Edelweiss' plan to separate its three businesses -- credit, advisory and insurance -- into distinct entities
Fund managers say festive period will be critical, analysts cite NBFC liquidity crunch for dismal state of affairs
The stock has fallen below its previous low of Rs 462 touched on October 9, 2018, on the BSE in intra-day trade
Nifty metal was the top gainer, up over 2 per cent, followed by Nifty public sector bank index, up over 1 per cent.
Operating income during the quarter grew 94 per cent at Rs 1,147 crore against Rs 593 crore in the corresponding quarter of previous fiscal
There are over 80 companies where FIIs have continuously increased their holding in the last four quarters, and around 30 firms where they have raised their holding by 50 per cent.
Its net profit plunged 70 per cent YoY on the back of increased expenses, the financials of the company showed
Tata Steel, Vedanta and SAIL have seen sharp fall in their stock prices in the recent months.
Glenmark Pharmaceuticals plunged 9 per cent, while Dr Reddy's slipped 8 per cent in intra-day trade