"Of this, the government’s divestment accounted for Rs 1,134 crore or just 7 percent of the overall amount. The largest OFS was that of SBI Life Insurance in September (Rs 3,524 crore) followed by Avenue Supermarts (Rs 3,428 crore) and HDFC Asset Management (Rs 2,039 crore). OFS accounted for 19 percent of the total year’s public equity markets amount," the report says. … [Read more...] about Funds raised in equity market see a 62% rise in FY20; QIPs stand tall
For the time being, both stocks and gold prices are down from their respective peaks. Investors need some breathing space and hence there is a tendency to opt for cash for time being. Rajiv Shastri, former CEO of Essel Mutual Fund and debt market specialist says, “Investors’ preference for cash has gone up. In uncertain times, investors first choose to get into cash before they decide on their future investments.” … [Read more...] about Is gold a good portfolio hedge in volatile markets?
The Indian EC markets raised $5.9 billion in Q1FY20, up by 62 percent. The largest issuance was by telecom major Bharti Airtel which launched a $2 billion qualified institutional placement (QIP) of shares and $10 billion convertible bonds. This deal alone made up 63.4 percent of the overall ECM proceeds. … [Read more...] about Investment banking activity generates $222 million in fees, Axis Bank bags 8.3% share