Fair trade regulator CCI on November 14 approved Adani Properties' acquisition of 23.5 percent stake in the country's second busiest aerodrome Mumbai International Airport. Adani Properties has acquired the shares from Mauritius based Bid Services Division and ACSA Global.As per the combination notice filed with CCI, the transaction involves acquisition of shares through two separate share purchase agreements.While Adani is buying 13.5 percent stake in Mumbai International Airport from Bid Services Division, the rest 10 percent has been acquired from ACSA, as per the notice said.Close In a separate tweet, Competition Commission of India (CCI) said it "approves merger of the BNP Paribas Mutual Fund and the Baroda Mutual Fund". related news SAIL logs Rs 343 cr loss in Q2 India's PC market grew 15.8% to 3.1 million units in Q3: IDC Import-driven industries to get special financial package: Nitin Gadkari Bank of Baroda and BNP Paribas Asset Management in a joint statement in … [Read more...] about CCI approves Adani’s 23.5% stake-buy in Mumbai International Airport
Shangri la international hotel management limited
The market was under pressure in July, due to renewed worries over the US-China trade war, concerns over economic slowdown and the income-tax surcharge on foreign portfolio investors.The mutual fund (MF) industry also experienced the heat of selloff. Nevertheless, it still fared better than the pack of heavyweights in Nifty.In July 2019, cumulative equity assets under management (AUM) stood at Rs 6,84,200 crore, down 5.46 percent while the benchmark Nifty corrected by 5.7 percent.Close As per data from Edelweiss Securities, the major contribution to the inflows of equity schemes came from large cap, focused, mid cap and small cap funds to the tune of Rs 6,000 crore. related news Banking wrap: RBI hikes deposit withdrawal limit for PMC Bank customers; lenders count on realty fund for NPA relief ICICI Bank expands branch network in Tamil Nadu ICICI Bank opens 57 branches in Andhra Pradesh, Telangana this fiscal Fund managers added large-cap private banks, utilities, energy and … [Read more...] about Fund managers bet over Rs 8.5K crore on these 6 stocks in July; do you own any?
Assets of mutual funds grew by over 7 percent in October but equity mutual funds inflows hit a 5-month low in the same period despite a rise in equity markets.Amid intermittent bouts of volatility, BSE's benchmark Sensex rose 3.6 percent last month while the Nifty50 index registered a rise of 3.5 percent in the same period and second consecutive month when the index closed in the green.Mutual fund schemes witnessed a net inflow of Rs 1.33 lakh crore last month as compared to an outflow of Rs 1.51 lakh crore in September, according to the data released by Association of Mutual Funds in India on November 9.Close The inflows helped the asset base of the MF industry grow by almost 7.5 percent taking the total AUM to Rs 26.32 lakh crore. related news Inflation a concern, but RBI rate cut a strong possibility, say experts In Focus with Udayan Mukherjee | Can the stock market rally despite weakening economy? Muthoot Finance share price rallies 8% on stellar Q2 results Equity mutual … [Read more...] about Top 30 large, mid & smallcap stocks fund managers bought, sold in October
Highlights- Above estimate performance in seasonally weak quarter- Higher occupancy drives revenue growth- Room rates decline- Revival signs for domestic segment- Strong pipeline a big positiveIndian Hotels Company Limited's (IHCL) (CMP: Rs 155; mcap: Rs 18,433 crore) estimate beating performance for July-September came during a seasonally weak quarter.A healthy growth in RevPAR (revenue per available room) stood out, driven by higher occupancy. Its international business was impacted by one-off write-offs even as the domestic operations showed shoots of revival.Close The stock has been inching up over the past few weeks. While we are convinced about the company’s growth story, we find current prices a tad on the higher side and would recommend to enter on correction. related news Ideas for Profit | What makes this contract manufacturer worth a shot? Centre inks pact with Goa Shipyard for two missile frigates Key HighlightsRevenue for the … [Read more...] about IHCL Q2 hits a home run in these challenging times
Pratik Agarwal has always been interested in boring businesses that generally don't make for great headlines.But since the 35-year-old launched India’s first infrastructure investment trust (InvIT), IndiGrid, in 2016, and followed it up with its IPO a year later, Pratik has done everything to make the transmission business exciting. And if the son of Sterlite Power Chairman Pravin Agarwal has his way, he will even add an ounce of glamour.But for that to happen, Pratik needs a helping hand from the government.Close In an interview with Moneycontrol, IndiGrid’s CEO & Managing Director says retails investors should be encouraged to invest in InvITs, which are stable, low risk assets. But for that, the limits on investments should be brought down, he says. related news IndiGrid InvIT: Secure and stable, yet trading at an attractive yield REITs, InvITs gain traction; mutual funds invest Rs 9,000cr during January-September Foreign investors keen on REITs, InvITs: … [Read more...] about Govt should take steps to encourage retail investments in InvITs: IndiGrid chief Pratik Agarwal