This review exercise must be undertaken to restore the portfolio's risk profile to its original level
Equity investments in Indian real estate may rise 49 per cent to USD 11 billion this calendar year amid strong demand for properties, according to CII and CBRE. In 2023 calendar year, the equity investments in real estate stood at USD 7.4 billion. Industry body CII and real estate consultant CBRE on Wednesday released a joint report titled 'Leading the Charge: Crafting the Skylines of Tomorrow' at the annual CII Realty 2024 conclave. Equity capital inflows touched USD 8.9 billion between January and September, registering a 46 per cent year-on-year growth. "Overall equity investments in 2024 in the real estate sector are set to hit a new record surpassing USD 10 billion for the first time," the report said. With a resurgence in investment inflows in built-up office assets and a strong acquisition pipeline for land in the residential sector, the overall equity investments in 2024 would be in the USD 10-11 billion range. During January-September, institutional and collective vehicl
Investors' wealth eroded by Rs 7.37 lakh crore on Monday morning, as the equity markets fell sharply with the BSE Sensex tumbling 1,192 points. Markets were dragged down by Reliance Industries and unabated selling by foreign investors. Investors also turned cautious ahead of the US presidential elections and Federal Reserve interest rate decision scheduled to be announced later this week. The BSE benchmark tanked 1,192 points to 78,532.12 during the morning trade. In-line with a weak trend in equities, the market capitalisation of BSE-listed firms eroded by Rs 7,37,744.54 crore to Rs 4,40,72,863.01 crore (USD 5.24 trillion). From the 30-share Sensex pack, Sun Pharma, NTPC, Reliance Industries, Adani Ports, Power Grid, Tata Motors, Titan and Tata Steel were among the major laggards. Mahindra & Mahindra, Tech Mahindra, HCL Technologies and IndusInd Bank were the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 211.93 crore on Friday, according to exchange
Under the deal, EFTA, whose other members are Norway, Iceland and Liechtenstein, will invest $100 billion in India and will benefit from easier and cheaper access to the Indian market of 1.4 bn people
Investors' wealth eroded by a whopping Rs 7.15 lakh crore during the morning trade on Friday as equity markets tumbled, driven by sharp fall in IndusInd Bank shares and unabated foreign fund outflows. The BSE Sensex tanked 708.69 points to 79,356.47 and the NSE Nifty plunged 286.35 points to 24,113.05. Tracking the weak trend in equities, the market capitalisation of BSE-listed firms tumbled Rs 7,15,739.19 crore to Rs 4,36,63,565.73 crore (USD 5.19 trillion) during the morning trade. From the 30 Sensex pack, IndusInd Bank plunged over 19 per cent after the firm reported a 40 per cent decline in September quarter net profit at Rs 1,331 crore, pulled down majorly by concerns about asset quality. Mahindra & Mahindra, NTPC, Larsen & Toubro, Adani Ports, Titan, Tata Steel and JSW Steel were also among the laggards. From the blue-chip pack, ITC jumped over 3 per cent after the diversified entity reported an 1.8 per cent increase in its consolidated net profit to Rs 5,054.43 crore in
Private equity investments in the Indian real estate sector declined 4 per cent to USD 2.3 billion in the first half of this fiscal year due to lower inflow in office assets, according to Anarock. Real estate consultant Anarock noted that the total number of deals declined to 17 in April-September this year from 24 in the corresponding period of the preceding year. Shobhit Agarwal, MD & CEO of ANAROCK Capital, said, "Private equity investments in offices are primarily driven by foreign investors, which have tapered down due to global factors such as geopolitical tensions and elevated interest rates." However, he added that the aggregate numbers and the dominance of foreign investors in the Indian real estate remained largely stable due to the ADIA/KKR investment in the Reliance Retail warehousing assets. Private equity investments stood at USD 1.2 billion in the first half of 2020-21 fiscal; USD 2 billion in H1 2021-22; USD 2.8 billion in H1 2022-23; USD 2.4 billion in ...
The company recently received Rs 1,100 crore equity infusion from the promoters and another Rs 1,910 crore from two Mumbai-based investment firms
Realty firm Max Estates plans to raise Rs 800 crore by selling equity shares to institutional investors for the growth of business. In a regulatory filing on Thursday, Max Estates informed that an Investment and Finance Committee of the board approved launch of Qualified Institutional Placement (QIP) issue. The panel also approved the floor price for the issue at Rs 628.74 per equity share. According to sources, all major domestic mutual fund companies have participated in the QIP issue. The company would utilise the fund to acquire land in Delhi-NCR, they added. According to the notice of the 8th Annual General Meeting (AGM) of the members of Max Estates Ltd, the company plans to raise up to Rs 800 crore. "The company anticipates certain growth opportunities in its existing line of business," Max Estates said. The company said it continues to evaluate various growth avenues, including land acquisition. Max Estates proposed to raise funds aggregating up to and not exceeding Rs
Starbucks is banking on that experience as he becomes the company's sixth CEO, replacing Laxman Narasimhan, who stepped down on Aug 13
Earlier in November 2022, the restaurant chain had raised $2 million in a seed round led by Negen Capital
India needs a 'clearer set' of guidelines for approving Foreign Direct Investments (FDI) from China expeditiously as the system of case-by-case review is slow, NITI Aayog vice chairman Suman Bery has said. Bery further said at the moment India scrutinises FDI proposals from China for security purposes similar to what the United States is doing. "I think what is needed, on the basis of experience, is a clearer set of guidelines because case-by-case review is slow and we do have an interest in getting investment from China because China is surplus in savings, it has got good technology," he told PTI. Earlier this week, the pre-budget Economic Survey has also made a strong case for seeking FDI from Beijing to boost local manufacturing and tap the export market. "But the fact of the matter is that we have diplomatic difficulties with them and so we have to be cautious," the NITI Aayog vice chairman observed. At present, the bulk of the FDI coming into India falls under the automatic .
US-based private equity firm L Catterton is likely to invest in India alongside its next Pan Asia dollar fund on a pro-rata basis
First fresh direct equity investment after 100% acquisition
In India, the company has 27 active investments including in Swiggy, NSE India, Duroflex, Finova Capital, Kishlay Foods, Mintifi, Quikr among others
Nifty Midcap 100 index is down 3.9 per cent. In the case of smallcaps, active funds are down 6 per cent vis-a-vis 8.6 per cent decline in the Nifty Smallcap 100 index
Renewable energy solutions provider Gensol Engineering on Wednesday said it has raised Rs 900 crore through the issue of warrants convertible into equity shares on a preferential basis. The equity fundraise saw participation from international and domestic participants including FPIs such as Elara India Opportunity Fund, Aries Opportunities Fund, Tano Investment Opportunities Fund etc. "Gensol Engineering, a leading renewable energy and electric mobility pioneer, today raised a significant Rs 900 crore equity capital through warrants convertible into equity shares on a preferential basis," a company statement said. The fundraise is subject to shareholders' approval at the EGM of the company to be held on March 2, 2024 and statutory approvals in compliance with SEBI Regulations. "We continue to build on our successful financial performance through the latest fundraise. This capital infusion strengthens Gensol's financial position, facilitating new possibilities with funds being ...
The largest fund house SBI Mutual Fund on Monday said it is looking to garner Rs 3,500-4,000 crore of primary subscription from the new fund launch. SBI energy opportunities fund which is an open-ended scheme following the energy theme, will invest in an optimal mix of domestic and overseas companies engaging in activities such as exploration, production, distribution, transportation and processing of traditional and new energy including but not limited to sectors such as oil & gas, utilities and power. The new fund offer opens on February 6 and closes on the 20th, Shamsher Singh, managing director & chief executive said. On the fundraising target during the NFO period, D P Singh, the deputy managing director & joint chief executive, told PTI that more than the primary subscription they are more interested in wider coverage and the aim it cover/get subscriptions from at least 90 per cent of the pin codes and from at least 2.5-3 lakh investors. "From the fund mop-up ...
Foreign Portfolio Investors (FPIs) continued their buying spree and poured close to Rs 4,800 crore in the Indian equity markets in the first week of January driven by confidence in the country's robust economic fundamentals. Additionally, they injected Rs 4,000 crore in the debt market during the period under review, data with the depositories showed. With expectations of a prolonged decline in US interest rates in 2024, there is an anticipation that FPIs will likely escalate their purchase, particularly in the initial months of the New Year leading up to the general elections, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. Further, FPI inflows into debt will also see acceleration in 2024, he added. According to the data, foreign investors made a net investment of Rs 4,773 crore in Indian equities this month (till January 5). This came following a massive investment of Rs 66,134 crore in December and Rs 9,000 crore in November. The latest flow ca
Emerging industries poised for investment-led growthare battery energy storage solutions, green hydrogen, biotechnology, AVGC (animation, visual effects, gaming, comics)