Page 13 - Investment

Not the time for concentrated bets, thematic funds: Mirae's Neelesh Surana

Discretionary segments, he believes, may rebound as interest rates fall, rural incomes improve, and the government steps in with measures such as tax cuts and the Eighth Pay Commission

Fast off the blocks: Share sale activity hits 9-month high, tops ₹65k cr

Improvement in investor sentiment paves way for large secondary issuances

At Karni temple town, a platform for pilgrims and a national message

For any town which had to observe civil defence and blackout protocols during the week which saw incessant aerial warfare between India and Pakistan

South Africa's Sanlam invests ₹105 cr in Shriram AMC for 23% stake

Sanlam becomes co-promoter of Shriram AMC with ₹105 crore for 23% stake, raising total promoter holding to over 71%; Shriram AMC shares rise 10% on the news

Marwadi Chandarana to buy 75% stake in TruCap Finance for Rs 207 crore

Marwadi Chandarana Intermediaries Brokers has entered into an agreement to acquire 75 per cent stake in non-banking financial company TruCap Finance with an investment of Rs 207 crore. This investment includes a mix of capital infusion through preferential allotment of equity shares and convertible warrants, and a secondary purchase of 3.68 crore shares from the existing promoter group of TruCap, the NBFC said in a stock exchange filing. This transaction will trigger an open offer under the Sebi's rules. Following the investment, MCG will be classified as the new promoter, and the existing promoter group's stake will be reduced to zero. In its filing on Monday, the NBFC said, "Marwadi Chandarana Intermediaries Brokers Pvt Ltd, an entity of Marwadi Chandarana Group (MCG) has entered into definitive documents to acquire a majority stake (approximately 75 per cent) in TruCap Finance Ltd, a non-banking financial company". With a combined net worth of approximately Rs 2,500 crore, MCG

States' race for space investment may help sector hit $44 bn by 2033

This follows the opening up of space to private participatio­n in June 2020, the Indian Spa­ce Policy of 2023, and a luc­­r­ative foreign direct investment policy of February 2024

Sun Pharma to invest $25 million in Pharmazz Inc; raises stake to 22.7%

The company noted that the initial $10 million tranche, along with $7.5 million from the second SAFE tranche, will be invested by or before May 31, 2025

Scoda Tubes sets sets price band at Rs 130-140/share for its Rs 220 cr IPO

Stainless-steel tubes and pipes manufacturer Scoda Tubes on Friday fixed a price band of Rs 130-140 per share for its Rs 220-crore initial public offering (IPO). The IPO will open for public subscription on May 28 and conclude on May 30. The one-day bidding for anchor investors will open on May 27, the Gujarat-based company said in a statement. Scoda Tubes' IPO is entirely a fresh issue of equity shares, aggregating up to Rs 220 crore with no offer for sale (OFS) component. Proceeds of the issue will be used to expand the production capacity of seamless and welded tubes and pipes, working capital requirements and general corporate purposes. The company is valued at around Rs 840 crore at the upper end of the price band, the brokerages said. Half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. The company is a stainless-steel tubes and pipes manufacturer, caterin

Watch: Mukesh Ambani pledges ₹75,000 cr for Northeast | Reliance Industries

Reliance Industries Chairman Mukesh Ambani announced that the company will invest ₹75,000 crore in the Northeast over the next five years.

Brookfield plans to raise India bet to $100 billion over the next 5 years

New York-based Brookfield Asset Management aims to quadruple India exposure to $100 billion as part of its plan to double global AUM to $2 trillion in five years

Prosus CEO Bloisi sets sights on $50 bn India portfolio with AI focus

With high-frequency sectors like food delivery and fintech at the core, Prosus plans new investments, acquisitions and AI integration to scale its India operations

CPP Investments' India portfolio hits $21.68 bn in net assets in 2025

CPP exits Delhivery, invests in NHIT, solar-wind assets, and packaging platform as its India exposure exceeds C$30 billion in net assets in 2025

Proposals worth ₹1 trillion investment get Maharashtra cabinet nod

The Maharashtra cabinet has cleared 325 industrial proposals worth over ₹1 trillion, expected to create more than 93,000 jobs across electronics, defence, and other sectors

Bharti AXA Life Insurance plans to break even by FY27: MD & CEO Parag Raja

Parag Raja outlines the 5-year roadmap of Bharti AXA Life Insurance

RBI proposes relaxation in norms for investment in AIFs by banks, NBFCs

The RBI has proposed capping investment by regulated entities in AIF schemes at 15%, with a 10% ceiling per entity, while also allowing exemptions for strategic funds

Govt gives stockbrokers flexibility in group companies' investments

The DEA has amended Rule 8 of SCRR to clarify that brokers can invest in group companies using own or borrowed funds without breaching rules if liabilities are limited

Jindal family sells stake worth ₹1.2K crore to fund AkzoNobel India buy

Jindal family sells ₹1,210 crore worth of shares in JSW Infra to comply with MPS norms and raise funds for JSW Group's proposed acquisition of Akzo Nobel India

Serentica plans ₹1 trn investment to boost capacity to 17 GW by 2030: CEO

Akshay Hiranandani talks about about Serentica's future roadmap, and the current market scenario

Check out the best health insurance premiums available for young men

No matter how fit you think you are, it is always a good idea to invest in a good health insurance plan that can take on the burden of a serious ailment

Trump secures $600 bn Saudi Arabia investment pledge on West Asia tour

Trump, who was accompanied by U.S. business leaders including billionaire Elon Musk, will go on from Riyadh to Qatar on Wednesday and the United Arab Emirates on Thursday