Retail prices of wheat, edible oils and tomato have witnessed sharpest spike in the last one year while the rates of pulses such as chana and tur have declined.Traders say that factors such as heat waves during March-April have adversely impacted the yield of wheat and tomato, thus pushing up prices while global spike in […]
With the capital markets regulator now taking a closer look at the disclosures made by startups, several of these new age tech companies (NATC) could see their initial public offerings (IPOs) delayed. The Securities and Exchange Board of India (Sebi) is believed to have called for more details on the key performance indicators (KPI) being put out […]
Earnings estimates for the Nifty50 in FY23 have been left more or less unchanged post the Q4FY22 earnings season. For FY24, earnings estimates have been downgraded very slightly as most sectors are expected to fare well. As such, net profit for Nifty50 is now estimated to grow 23% in FY23 and 15% in FY24. In […]
Infosys co-founder NR Narayana Murthy on Friday called out the current crop of entrepreneurs for not taking initial public offerings (IPOs) seriously and not treating investors’ savings with respect. The IT veteran said: “IPOs have somehow been taken as a surrogate for the next round of financing. I think that’s not a good thing because […]
The Securities and Exchange Board of India (India) announced on Wednesday that Ashwani Bhatia – former managing director at the State Bank of India (SBI) – had taken charge as a whole-time member (WTM) on Tuesday. For the last seven months, the regulator had operated with only two whole-time members, S K Mohanty and Anant […]
APHS’ Q4FY22 EBITDA was 6% lower than our estimates largely on slower hospital traction. While another delay in Healthco fund-raise is a dampener, execution stays impressive and APHS is witnessing healthy demand tailwinds across all segments. Post a 38% fall from its 52-week high, valuations are attractive. For the hospital segment, CMP implies a <16X […]
APSEZ reported an expectedly weak print in Q4. Its capex plan aims to provide the path for APSEZ to (1) reach 500-mn ton port volume target by FY2025 from 350-360-mn FY2023 guidance and (2) become a transport utility with a strong logistics offering. Up-fronting of capex and fluid market conditions would make the path to […]
Even as the foreign portfolio investors stayed away from the secondary markets during FY22, they maintained their investment interest in primary market during the November-December period when big-ticket initial public offerings (IPOs) hit the capital markets, said the RBI annual report. Overseas investors, who have been offloading Indian shares at a record pace, remained net […]
Global prices of soyabean, sunflower oil and palm oil have moderated by around 2% to 4% since Indonesia lifted the ban on palm oil exports last week. According to the food ministry data, current prices of three varieties of edible oil — which constitute about 96% of India’s edible oil imports — are ruling around […]
In its bid to give a leg-up to the debt market and address the liquidity problem following the credit crisis that successively hit the market since 2018, the Securities and Exchange Board of India (Sebi) has taken a four-pronged approach. The regulator is working with players to allow market-making which is necessary to bring in […]