Page 32 - Investors

Smallcap World Fund buys 554,000 shares of Mastek for Rs 117 crore

Smallcap World Fund Inc on Monday purchased 5.54 lakh shares of IT company Mastek Ltd for Rs 117 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Smallcap World Fund Inc bought 5,54,883 shares of the company. The shares were acquired at an average price of Rs 2,109.96 apiece, valuing the transaction size at Rs 117.07 crore. Meanwhile, Ashish Kacholia sold 5.50 lakh shares of Mastek for Rs 2,110 per scrip. Shares of Mastek closed 3.55 per cent higher at Rs 2,175.50 on NSE. In a separate transaction, ace investor Ashish Kacholia bought 3.72 lakh shares of petrochemical company Agarwal Industrial Corporation Ltd for Rs 19 crore through an open market transaction. Kacholia acquired 3,72,128 shares of the company at an average price of Rs 505 apiece, showed the bulk deal data available with the NSE. This took the transaction value to Rs 18.79 crore. Shares of Agarwal Industrial Corporation closed 15.13 per ce

Despite headwinds, Jefferies recommends buying Zomato stock. Here's why

With the sharp fall in its share price since listing, analysts at Jefferies suggest long-term investors 'buy' the stock

Zomato slumps 11%, closes at new low of Rs 47.55 as one-yr IPO lock-in ends

Start-ups with no 'promoter' may face pressure

Yogi 2.0 to showcase MSME bandwidth at UP Global Investor Summit 2023

UP is setting its sights on Rs 10 trillion in fresh investment from domestic and multinational companies at the high-ticket event

FitterFly raises $12 mn in series A funding led by Amazon Smbhav, Fireside

The funds raised will be used to increase Diabefly's reach, their digital therapeutics and clinically-proven programme to prevent, manage and reverse diabetes

Invest Rajasthan meet in October likely to attract Rs 10-trn investment

Chief minister Ashok Gehlot said that Rajasthan has great potential for investors, adding that the positive atmosphere here attracts investors from all over the country and the world

Temasek bullish on Indian start-ups, renew energy despite slowdown overseas

Top executives of Temasek, which has doubled its India portfolio in the past five years to $16 billion, said the fund made several successful exits from India in FY 22

SC sets aside Patna HC order summoning Sahara group chief Subrata Roy

The High Court (HC) had asked Sahara to convey a plan for refunding the matured deposits of investors

Led by new-gen investors, mobile trading accounts for a fifth of trades

Higher smartphone penetration and lower data charges are powering this trend, say industry players

CoinSwitch appoints former Myntra VP as head of crypto engineering

Sudheer Tumuluru joins CoinSwitch from Myntra where he was VP-engineering. With two decades of experience, he has built cloud, Big data and infrastructure platforms at tech firms in India and US

Sebi extends last date for implementation of new pledging system to Sept 1

Earlier deadline was July 1; Move follows request by depository firms tasked with readying the backend for the new system for extension as the "changes to the systems are still under process"

Avoid sector, thematic funds; stick to diversified equity offerings

Among sector/thematic funds, technology funds are on average down 23.4 per cent year-to-date

Markets phases investors should know about

Like the economy of any country, the markets too have different phases or cycles. And all investors should know about these patterns before making any move. This report offers some insight

Sebi board may clear decks for FPI entry into commodity derivatives segment

The long-awaited move is aimed at boosting liquidity and efficiency at domestic commodity bourses, even as concerns remain if this would make markets more volatile

Annapurna Fin eyes Rs 8,500 cr in assets by March 23; mulls SME credit arm

Gets $15 mn in equity from French investors, total fundraise reaches $100 mn

Diversify and keep costs low: Avinash Luthria's 2 key mantras for investors

In this interview with Sanjay Kumar Singh of Business Standard, Avinash Luthria discusses how a new investor can build a simple, low-cost portfolio that will serve her well over the long term >

SoftBank's Masayoshi Son to face shareholders shaken by $34 bn loss

Shareholders looking for signs of recovery see a portfolio awash with red instead

Vahak raises $14mn in series A round led by Nexus Venture Partners

Deal takes total fundraise to $20 mn; Vahak is a free-to-use, open marketplace for shippers and transport SMEs to discover and connect with truckers to help with their transportation needs

Global stocks stage small rebound as investors weigh cenbanks' next move

Nasdaq futures climbed 0.68%, building on Friday's gains while S&P 500 futures rallied 0.5%.

Crypto's excruciating week has traders bracing for the next crisis

In between, a nascent technocratic industry with grand ambitions to reinvent the financial system was rocked repeatedly by echoes of past crises in the old system