Powered by: Motilal Oswal

News

Indian food delivery firm Swiggy restarts IPO plans, aims for 2024 listing Swiggy, the Softbank-backed food delivery company, is eyeing a 2024 stock market listing and has initiated talks with bankers to assess its valuation, after halting the process for months due to weak markets, three sources with direct knowledge of the matter said. Swiggy, which delivers food from restaurants and also groceries, was valued at $10.7 billion in its last fundraising in 2022 but like many Indian startups put its IPO plans on hold amid a funding crunch and investor concerns abou...
Indian food delivery firm Swiggy restarts IPO plans, aims for 2024 listing
Indian food delivery firm Swiggy restarts IPO plans, aims for 2024 listing
Source: Reuters
26/08/2023 9:53:57 AM
Asia stocks split as US-China outlooks diverge Asia's stock markets were mixed on Wednesday with growth concerns dragging on China's equities while shares gained in Japan and Australia after healthy U.S. company earnings and retail data added to hopes that a recession there can be avoided. Dovish remarks from a European Central Bank policymaker boosted bonds and dragged the euro lower. Hotter-than-expected inflation lifted the New Zealand dollar a little and stoked some market nerves ahead of British CPI due later in the day. ...
Asia stocks split as US-China outlooks diverge
Asia stocks split as US-China outlooks diverge
Source: Reuters
19/07/2023 8:42:12 AM
Asia shares slip as China data underwhelms Asian shares slipped on Monday as a mixed bag of Chinese economic data were not as bad as some feared, but still fanned market impatience with the lack of major fiscal stimulus from Beijing. China reported economic growth of 0.8% in the second quarter, above the 0.5% forecasted, while the annual pace slowed more than expected to 6.3%. Industrial output topped forecasts with a rise of 4.4%, while retail sales missed by a tick at 3.1%. That followed figures out over the weekend showed Chi...
Asia shares slip as China data underwhelms
Asia shares slip as China data underwhelms
Source: Reuters
17/07/2023 8:58:47 AM
India`s Reliance to raise up to $2 billion to fund expansion India's Reliance Industries is in talks with foreign-currency loan lenders to raise up to $2 billion to fund the expansion of its oil-to-telecom conglomerate, Bloomberg News reported on Thursday, citing sources. Reliance, led by billionaire Mukesh Ambani, plans to use India's dedicated external commercial borrowing route to secure the loan, the report said. The facility may have a maturity period of three to five years and part of the proceeds will also be used to refinance a lo...
India`s Reliance to raise up to $2 billion to fund expansion
India`s Reliance to raise up to $2 billion to fund expansion
Source: Reuters
16/06/2023 9:18:49 AM
Brookfield India REIT appoints bankers, targets July for $400 million raising -sources  Brookfield India Real Estate Investment Trust (REIT) has appointed eight investment banks for its planned equity raising of around $400 million, and is targeting the deal's closure by July, three people with direct knowledge said. The Indian REIT of one of the world's largest alternative asset groups Brookfield manages 18.7 million square feet (1.7 million square metres) of office parks and buildings in cities such as Mumbai, Kolkata and Gurugram near New Delhi. Its tenants i...
Brookfield India REIT appoints bankers, targets July for $400 million raising -sources
Brookfield India REIT appoints bankers, targets July for $400 million raising -sources
Source: Reuters
5/06/2023 11:07:51 AM
TVS Capital Funds elevates Gaurav Sekhri to Partner TVS Capital Funds, one of the largest rupee capital growth equity funds, has promoted Gaurav Sekhri to the role of Partner as part of its ongoing efforts to institutionalise its operations. In the six years that Sekhri has been with TVS Capital Funds, he has led the B2B services vertical and has spearheaded investments in LEAP India, Digit Insurance, and Increff. Sekhri brings with him a wealth of experience in private equity and public market investments, having worked with companies such as...
TVS Capital Funds elevates Gaurav Sekhri to Partner
TVS Capital Funds elevates Gaurav Sekhri to Partner
Source: PR Agency
22/05/2023 12:21:45 PM
First Citizens considering to buy collapsed SVB As Wall Street giants move to end the spiralling banking crisis in the US, First Citizens BancShares Inc is reportedly considering making an offer to acquire the collapsed Silicon Valley Bank. According to Bloomberg News, citing sources, at least one other suitor is making a serious consideration for the collapsed bank and that could be First Citizens. Although nothing could be confirmed at the moment. SVB and First Citizens did not immediately respond to the report. This will be ...
First Citizens considering to buy collapsed SVB
First Citizens considering to buy collapsed SVB
Source: IANS
19/03/2023 12:42:13 PM
Aparna Kuppuswamy joins IPO-bound BharatPe Group as Chief Risk Officer Fintech major BharatPe Group on Monday announced to appoint industry veteran Aparna Kuppuswamy as its Chief Risk Officer, who will help the compay get prepared towards its IPO goal. Prior to joining BharatPe, she was the Chief Risk Officer at SBI Cards for more than 14 years, where she led a number of key projects. Kuppuswamy will lead the risk portfolio across the BharatPe Group of companies, including the merchant and consumer businesses. She will work closely with Nalin Negi, CFO ...
Aparna Kuppuswamy joins IPO-bound BharatPe Group as Chief Risk Officer
Aparna Kuppuswamy joins IPO-bound BharatPe Group as Chief Risk Officer
Source: IANS
20/02/2023 4:10:32 PM
Paytm share surpasses Yes Securities, Morgan Stanley target; rallies for 4 straight days  After receiving buy ratings from all the top global and domestic brokerage and research firms, Paytm stock price has surpassed the target prices pegged by Morgan Stanley and YES Securities, while is just inches away from the targets set by Bank of America, CLSA, and JM Financial Services. In a span of four trading days, Paytm share price has rallied more than 36 per cent, reclaiming the 700-mark. The analysts turned bullish and raised target price on Paytm stock after the company ...
Paytm share surpasses Yes Securities, Morgan Stanley target; rallies for 4 straight days
Paytm share surpasses Yes Securities, Morgan Stanley target; rallies for 4 straight days
Source: IANS
9/02/2023 3:51:01 PM
Paytm's sooner than promised profitability impresses analysts, Brokerages issue Buy calls Paytm, India's leading digital and mobile payments and the pioneer of QR code, has received positive commentary from the global brokerages' analysts after the fintech company achieved operating profitability with EBITDA before ESOP cost at Rs 31 crore, ahead of its guided timeline of September 2023. Global firms such as Goldman Sachs, Bank of America, CLSA and Citic have raised their price target on Paytm by up to 119 per cent. Citi, CLSA, and Goldman Sachs have recommended to b...
Paytm's sooner than promised profitability impresses analysts, Brokerages issue Buy calls
Paytm's sooner than promised profitability impresses analysts, Brokerages issue Buy calls
Source: IANS
6/02/2023 3:38:47 PM
Oil rises on U.S. supply concerns, hopes for returning China demand Oil prices rose for a second day on Tuesday as a key pipeline supplying the United States, the world's biggest crude consumer, remained shut and on expectations loosening COVID restrictions in China, the second-biggest user globally, will boost demand. Brent crude futures rose 64 cents, or 0.8%, to $78.63 per barrel by 0202 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 64 cents, or 0.9%, to $73.81. The closure of TC Energy Corp's Keystone Pipeline, which shi...
Oil rises on U.S. supply concerns, hopes for returning China demand
Oil rises on U.S. supply concerns, hopes for returning China demand
Source: Reuters
13/12/2022 9:06:50 AM
Marketmind: Hat-trick A look at the day ahead in European and global markets from Anshuman Daga While European shares ended lower for the third straight session on Tuesday, spooked by recession worries, another hat-trick dominated the World Cup a few hours later. Three goals by Portugal's 21-year-old Goncalo Ramos against Switzerland in his first World Cup sent his side through to the quarter-finals for the first time in 16 years. And a 3-0 shootout win by Morocco against former champions Spain meant tha...
Marketmind: Hat-trick
Marketmind: Hat-trick
Source: Reuters
7/12/2022 3:41:00 PM
Dollar flat as growth outlook darkens, yuan firms as China eases curbs The dollar was little changed on Wednesday after some of the biggest U.S. banks warned of an impending recession, while China's yuan firmed as authorities loosened some of the country's zero-COVID rules. Top bankers from JPMorgan Chase & Co, Bank of America and Goldman Sachs said overnight that the banks are bracing for a worsening economy next year as inflation and high interest rates cut into consumer demand. The greenback was up 0.32% against the Japanese yen following a ...
Dollar flat as growth outlook darkens, yuan firms as China eases curbs
Dollar flat as growth outlook darkens, yuan firms as China eases curbs
Source: Reuters
7/12/2022 9:11:36 AM
Analysis-Investors look to emerging markets as planets align for end of dollar bull market  As the U.S. dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback. The MSCI International Emerging Market Currency Index is up nearly 5% from its lows and notched its best monthly gain in about seven years in November, as expectations that the c will soon slow the pace of its interest rate hikes bolstered the case for investors betting on emerging market currencies. Signs of a br...
Analysis-Investors look to emerging markets as planets align for end of dollar bull market
Analysis-Investors look to emerging markets as planets align for end of dollar bull market
Source: Reuters
6/12/2022 12:16:48 PM
Blackstone`s India REIT portfolio Nexus Malls files for IPO Blackstone Inc-owned India malls real estate investment trust (REIT) portfolio, Nexus Malls, filed draft papers for an initial public offering with the domestic market regulator, a stock market filing showed on Thursday. The IPO will include a fresh issue of shares worth up to 16 billion Indian rupees ($195.94 million), the draft prospectus said. The IPO, India's first retail REIT, will also consist of a $300 million sale by Blackstone, said a person with direct knowledge of the mat...
Blackstone`s India REIT portfolio Nexus Malls files for IPO
Blackstone`s India REIT portfolio Nexus Malls files for IPO
Source: Reuters
18/11/2022 10:14:42 AM
SoftBank sells 4.5% stake in India's Paytm for $200 million - sources SoftBank Group Corp on Thursday sold a 4.5% stake in Indian digital payments giant Paytm through block deals for $200 million, sources told Reuters, leading to a sharp fall in the shares of the Indian company. The deal was executed at 555.67 rupees, two people with direct knowledge of the matter said, the lower end of the planned price range of 555 rupees to 601.45 rupees that was listed in the transaction's term sheet reviewed by Reuters. SoftBank's sale of 29.35 million shares...
SoftBank sells 4.5% stake in India's Paytm for $200 million - sources
SoftBank sells 4.5% stake in India's Paytm for $200 million - sources
Source: Reuters
17/11/2022 10:24:40 AM
Elon Musk sells additional Tesla shares worth $3.4 bn towards Twitter deal  Elon Musk has sold additional Tesla stock worth $3.4 billion towards financing the $44 billion Twitter takeover deal, revealed the latest filing with the US Securities and Exchange Commission (SEC). With this, he has offloaded almost $20 billion in Tesla shares this year. The world's richest man sold $8.4 billion in Tesla shares in April and another $6.9 billion in August. The tech billionaire earlier said on social media that he had "no further Tesla sales planned" ...
Elon Musk sells additional Tesla shares worth $3.4 bn towards Twitter deal
Elon Musk sells additional Tesla shares worth $3.4 bn towards Twitter deal
Source: IANS
9/11/2022 10:26:29 AM
Wall Street ends sharply higher, dollar dips on UK U-turn, strong earnings NEW YORK - Wall Street jumped to robust gains on Monday as solid earnings and a financial policy reversal in Britain fueled risk appetite and boosted the sterling and euro against the greenback. All three major U.S. stock indexes rallied to end the session 1.9% to 3.4% higher while and the dollar lost ground against a basket of world currencies. "The catalysts that have triggered in the markets year-to-date are well-known," said Joseph Sroka, chief investment officer at NovaPo...
Wall Street ends sharply higher, dollar dips on UK U-turn, strong earnings
Wall Street ends sharply higher, dollar dips on UK U-turn, strong earnings
Source: Reuters
17/10/2022 8:58:50 PM
Dollar dips as UK budget U-turn improves market sentiment The dollar dipped against a basket of major currencies and sterling jumped on Monday after Britain's new finance minister ditched most of the government's "mini-budget," sparking a rally in U.K. and U.S. government bonds and reducing demand for the safe-haven U.S. currency. Jeremy Hunt, who was appointed finance minister by Prime Minister Liz Truss on Friday, reversed large swathes of the 45-billion pound "mini-budget" that sparked unprecedented market turmoil i...
Dollar dips as UK budget U-turn improves market sentiment
Dollar dips as UK budget U-turn improves market sentiment
Source: Reuters
17/10/2022 8:22:49 PM