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Sachin Bansal is betting his Flipkart fortune on banks

Bansal, through his microfinance firm Chaitanya India, has applied for a banking licence.
The Economic Times



Daniel Craig is done with James Bond, confirms exit

The actor made the revelation during an appearance on 'The Late Show With Stephen Colbert'.

BlackRock to exit Coal India by mid 2020

BlackRock, the world’s largest money manager with $7 trillion under management, will cut its equity ...

We are long-term, patient capital; in no hurry to exit Zomato: Sanjeev Bikhchandani

Zomato is stable, sound and solid. We are happy to hold o...

ET Prime Distribution
  • “With the acceleration of the global energy transition, we do not believe that the long-term economic or investment rationale justifies continued investment in this sector," the world’s largest money manager with $1.8 trillion in assets under management, said in a letter to its clients.

    “Public sector stocks have been beaten down irrationally in the past despite superior balance sheets, just because the government is their owner,” veteran investor Shyam Sekhar rued in a recent interaction with ETMarkets.com.

    The tech-focused fund recorded cash exits from three portfolio firms in December.

    The outstanding debt of the Jaiprakash Associates group company has reduced to less than Rs 6,000 crore, from more than Rs 11,000 crore, following the restructuring. The terms involve an interest write back of about Rs 2,000 crore that will help the company report a net profit this fiscal, people in the know said.

    In the largest of these three transactions, realty developer M3M has repaid Rs 225 crore to the lender after raising funds from the State Bank of India for its residential development project M3M Golf Estate in Gurgaon. The project is spread over 56 acres and includes an executive golf course. Mumbai-based realty developer Mohan Group has also repaid Rs 110 crore to the housing finance company.

    The fund started by eBay founder Pierre Omidyar, which has been investing in India for 10 years now, claims to have touched the lives of 550 million Indians, having deployed $300 million. It intends to invest $350 million over the next five years.

    The company hints at realignment of resources as it moves from entry-level phones and televisions. It has faced intense competition from Xiaomi, OnePlus, Vivo, Realme and Oppo in driving sales growth in India, where the Chinese brands continue to dominate the price-sensitive end of the consumer electronics market.

    The lawmakers voted 330 to 231 in favour of the European Union (Withdrawal Agreement) Bill, which implements an exit deal agreed with the EU last year. The legislation now heads to parliament's upper chamber and is expected to become law in the coming weeks.

    Fraport has also approached the state-run National Investment and Infrastructure Fund (NIIF) to buy its stake. NIIF, along with Gulf sovereign wealth fund Abu Dhabi Investment Authority (ADIA) and Canada’s PSP Investments last year signed a pact with GMR’s rival GVK Group to invest Rs 7,614 crore in the latter’s airport business.

    Harry and Meghan were missing and eagle-eyed fans took notice.

    Sterling and Wilson Solar Ltd got listed on the BSE and the NSE on August 20, 2019, after promoters belonging to the Shapoorji Pallonji Group made an offer for sale of shares. "The offer for sale of shares resulted in promoters raising Rs 2,850 crore through the IPO," InGovern Research Services said in a report.

    In terms of earnings, ITDC is too costly a stock but enjoys premium valuation partly due to a very small floating stock, in my view. Hence, exit if it moves 10% or so beyond your cost price.

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