Page 4 - Equity

India Inc's profit declines sharply to 3.48% of GDP in Q2 of FY23

Ratio for manufacturing firms at 9-quarter low of 0.93%

Vi in talks with SBI for loan of Rs 15K-16K crore for capex needs: Report

The talks have reportedly been going on for over a month now and SBI is waiting to get clarity on the govt's potential shareholding in Vi

Excess credit growth to limit Indian banks' loss-absorbing ability: Fitch

Rating agency warns capital base of PSBs may come under greater strain

TPG Capital to sell Nykaa shares worth Rs 1,000 cr via block deal on Friday

American private equity firm TPG Capital is likely to sell shares of Nykaa worth Rs 1,000 crore through a block deal

Centre may introduce changes to capital gains tax rules, says report

A task force had recommended changes in indexation benefit rules for the capital gains tax in 2019, and it is expected to be the main basis of the review

Growth, moderate valuations positive for ICICI Prudential Life Insurance

Value of new business growth and margins remained strong in Q2

Maximise gain from market fall with value-averaging plan: Experts

The plain-vanilla SIP, however, is simple and doesn't require a lump sum

Jhunjhunwala's firm Rare in talks with Barclays to prepay Rs 500 crore loan

The loan was used to fund the acquisition of Zydus Cadila's animal healthcare business in 2021

Yield spread points to the muted market returns, says BNP Paribas

BNP Paribas said it has a cautious stance on the Indian markets amid lack of positive catalyst for further earnings upgrades amid slowing global demand, lofty valuations and a slowdown in retail flows

Vodafone Idea decides to not convert its AGR dues into equity: Report

Vodafone Idea (Vi) needs to tell its decision to DoT on September 16 if it wants to convert the FY18 and FY19 dues into equity

Sentiment will remain buoyant on easing monetary fears, says Vinit Sambre

As inflationary pressures unbind, corporate earnings growth will draw level, says Vinit Sambre, head-equities, DSP Investment Managers

J&K Bank gets board approval to raise up to Rs 2,000 crore in FY23

State-owned Jammu and Kashmir Bank (J&K Bank) on Tuesday said it will raise up to Rs 2,000 crore, through a mix of debt and equity, in the current fiscal year 2022-23. The board of directors of the bank, in its meeting held on June 28, approved the capital raise plan, J&K Bank said in a regulatory filing. The board approved to raise equity capital up to Rs 500 crore in one or more tranches by way of rights issue/ preferential allotment, private placement/ qualified institutional placement or a follow on public offer or any other approved route, it said. It has also approved to raise up to Rs 1,500 crore capital by way of issuance of Basel III compliant tier II bonds in the nature of non-convertible debentures on a private placement basis, it added. Stock of J&K Bank closed at Rs 26 apiece on BSE, up by 1.56 per cent from previous close.

LIC largest holder of G-secs, equities, household savings: Report

The IPO-bound national insurer LIC is not only the largest holder of government debt -- owning 19 per cent of the G-secs -- but also the single largest owner of equities

Will LIC IPO move the needle on insurer's stewardship role in equities?

The PSU holds equity stake worth over Rs 9.5 trillion in listed firms; how it votes on resolutions will now be more actively tracked

FPIs rush to iron out operational chinks as T+1 deadline looms

The investors, through their custodian banks, have reached out to clearing corporations to push the deadline for equity trade confirmations to 9 a.m. on T+1 day, said sources

Rupee slips 5 paise to close at 74.88 against US dollar on muted equities

The rupee declined 5 paise to close at 74.88 (provisional) against the US dollar on Thursday, weighed down by the strength of the American currency and muted domestic equities.

India looks for spot among the global top five of equity markets

M-cap gap with UK narrows to 2% from 8% in a month

Retail equity holdings shoot up 60% in 2021, shows data

Value of holdings rises to Rs 55 trillion as 30 mn new investors enter market

Equity MFs see net inflows of Rs 25K crore in December, shows data

Tally for 2021 rises to Rs 97,000 cr; monthly SIP contributions rise to Rs 11,305 cr

Domestic asset managers are betting on domestic cyclicals in 2022

Market participants say there will be volatility in the equity markets, and one should continue to invest in a disciplined manner