Private equity (PE) investment in real estate declined 5 per cent year-on-year in April-June to $1.9 billion because of high interest rates, according to Anarock. PE inflows stood at $2 billion in the year-ago period. Real estate consultant Anarock has come out with a report titled ‘FLUX Q1 FY24 Market Monitor for Capital Flows in Indian Real Estate’.
Posts tagged Rediff
Merged HDFC Bank set to push Reliance off its perch (10-07-2023)
With Housing Development Finance Corporation’s (HDFC’s) merger with HDFC Bank becoming effective on July 1, the merged entity is set to become the top weight in the benchmarks S and P BSE Sensex and the National Stock Exchange Nifty indices, dislodging the country’s most valuable company, Reliance Industries (RIL), from its perch. HDFC will stop trading after July 13. At present, RIL has a weighting of close to 12 per cent in the Sensex and 10.3 per cent in the broad-based Nifty. Meanwhile, HDFC Bank and HDFC have weights of 9.9 per cent and 6.8 per cent in the Sensex and 8.8 per cent and 6 per cent in the Nifty, respectively.
Weak discretionary spend likely to weigh on IT cos (10-07-2023)
Strong macroeconomic headwinds causing turbulence in the $245-billion Indian IT industry are yet to calm down. Top Indian IT services companies are likely to post a decline or just marginal growth in sequential revenue in Q1FY24 because of a soft discretionary spending environment. Though the first quarter is seasonally strong for IT firms, “June 2023 will be an exception”, according to analysts at Kotak Institutional Equities.
Nifty vs S and P: India catches breadth as US outruns it (10-07-2023)
The US market has been a standout performer this year, with the benchmark Standard and Poor’s 500 (or simply the S and P 500) gaining over 16 per cent during the first half of calendar year 2023 (CY23) in what was its best first-half show since 2019. By comparison, India’s National Stock Exchange Nifty 500 has gained 6.4 per cent. On the surface, it appears that the US markets have done exceedingly well. However, a deeper analysis reveals the gains in the domestic market to be more well-spread.
Will H2 of 2023 bring more cheer to equity investors? (10-07-2023)
Indian equity markets had a good run in the first half of calendar year 2023 (CY23), with the S and P BSE Sensex and the National Stock Exchange Nifty50 hitting fresh 52-week highs. While the Sensex scaled up to a peak 64,718, the Nifty50 hit Mt 19,189. As the markets now prepare to enter the second half (H2) of CY23, all eyes are on global central banks, especially the US Federal Reserve, as to when they will pause and pivot as regards their interest-rate cycle.
Byju, Think Of Byju’s Like A Business! (10-07-2023)
This, Byju, was the time to apply the business lens, treat your company as a business, run your company as a business. Instead, you splurged, observes Suveen Sinha.
The Credila Success Story (10-07-2023)
Education finance is a complex and dynamic sector. There are too many variables — the course, the calibre of students, the universities, and the job prospects once the course is over, notes Tamal Bandyopadhyay.
Air India, IndiGo Vs Emirates, Etihad Etc… (10-07-2023)
West Asian carriers are up against Air India and IndiGo in the battle for seats on lucrative international routes.
Air India, IndiGo Vs Emirates, Etihad Etc… (10-07-2023)
West Asian carriers are up against Air India and IndiGo in the battle for seats on lucrative international routes.
Pharma stocks rally on lower price erosion (09-07-2023)
The BSE Healthcare Index is up 19 per cent as compared to BSE Sensex returns of 11 per cent during this period. Nitin Agarwal of DAM Capital highlighted this trend in a report last month. “After a sustained period of underperformance over FY21-23, the BSE Healthcare Index has once again captured the spotlight. “The recent uptick in performance has been driven by hospitals and emerging green shoots in pharmaceutical exports, particularly to the US, along with sustaining momentum in domestic branded formulations,” he said.