Could it be about clout? Given its size and influence, RIL doesn’t need the media for that, notes Vanita Kohli-Khandekhar.
Posts tagged Rediff
IPO mop-up rises 20% to Rs 62,000 cr in FY24 (27-03-2024)
Equity fundraising through initial public offerings (IPOs) rose 20 per cent during the financial year 2023-24 (FY24). During the period, 76 Indian corporates raised Rs 61,915 crore through main board IPOs, compared to Rs 52,116 crore mobilised by 37 IPOs in 2022-23, as disclosed by PRIME Database. However, if one excludes the mega Life Insurance Corporation (LIC) IPO, which came out in 2022-23, IPO mobilisation increased by 58 per cent from last year.
Markets rebound on heavy buying in RIL, HDFC Bank (27-03-2024)
Maruti, Bajaj Finance, Titan, Kotak Mahindra Bank, HDFC Bank, IndusInd Bank, Mahindra and Mahindra and Larsen and Toubro were among the major gainers. Wipro, HCL Technologies, Nestle, Tata Consultancy Services and Tata Motors were among the laggards.
Investors open wallets for equity MFs in choppy mkts (27-03-2024)
Equity mutual fund (MF) schemes have raked in Rs 46,200 crore in net lump-sum inflows in the past six months (ended February 2024), almost thrice the inflow in the previous six-month period.
94 new Indian entrants to Hurun rich list (27-03-2024)
The global billionaires list witnessed as many as 94 new entrants from India, stated a report by Hurun India on Tuesday. Following a net addition of 84, the country’s billionaire tally touched 271 with their combined wealth at $1 trillion, noted the report. Mukesh Ambani, chairman and managing director of Reliance Industries, is the only Indian to make it into the top 10 of the Hurun Global Rich List 2024, a ranking of billionaires in US dollar terms.
What’s Adani Doing With King’s B-i-l? (27-03-2024)
Glimpses from the opening of the Adani Green Energy Gallery at the Science Museum in London.
Valuation of FMCG stocks is likely to be attractive (27-03-2024)
The fast-moving consumer goods (FMCG) sector has underperformed the Nifty over the past year as its 20 per cent return is trumped by 29 per cent of the benchmark index. The FMCG index saw a 2.2 per cent drop in the last session, while the Nifty lost 1 per cent. FMCG is seen as a defensive segment. The demand for staples like personal care products, groceries and snacks tend to be stable. FMCG companies are consistent dividend-payers.
Adani adds another feather to his cap (26-03-2024)
Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday announced the acquisition of a 95 per cent stake in Gopalpur Ports in Odisha from Shapoorji Pallonji Group and Orissa Stevedores Ltd at an equity value of Rs 1,349 crore. In Gopalpur Ports, Shapoorji Pallonji Group (SP Group) firm SP Port Maintenance Pvt Ltd has a 56 per cent stake and Orissa Stevedores Ltd (OSL) has a 44 per cent stake. Gopalpur Port is an all-weather deep-water berthing port with a capacity of 20 million tonnes per annum (MTPA) situated in Ganjam district of Odisha.
Summer sowing may ease inflation: FinMin (26-03-2024)
The finance ministry expects a broad-based moderation in inflationary pressures on the back of an anticipated reduction in food prices as a result of the uptick in summer sowing. The retail inflation rate remained stubbornly clung to the 5 per cent mark in seven of the past eight months. “Core inflation is trending downwards, indicating a broad-based moderation in price pressures… Driven by strong domestic growth and benign global commodity prices, core inflation is declining continuously.
Sensex, Nifty drop on foreign fund outflows (26-03-2024)
From the Sensex basket, PowerGrid, Bharti Airtel, Wipro, HDFC Bank, Kotak Mahindra Bank, UltraTech Cement, Asian Paints, Infosys and Reliance Industries were the major laggards. Bajaj Finance, NTPC, Larsen and Toubro, Axis Bank, Tata Motors, IndusInd Bank and Bajaj Finserv were among the gainers.