“As of now, Nifty is trading at a P/E close to 32x, which is almost a decade high valuation, hence, the risk-reward ratio may not be favorable. I am not a big fan of predicting numbers for the index, as we have seen in the past, at times the index remains flat, but individual stocks do very well,” says Jain of Ashika Wealth Advisors. … [Read more...] about Market cap-to-GDP ratio moves above long period average; time for caution?
Undervalued housing markets canada
Spark Mall and Parking bought 24,32,750 equity shares (representing 2.89 percent of its total paid-up equity) in Bharat Road Network at Rs 35.02 per share. Ayodhya Gorakhpur SMS Tolls was the net seller for the same shares and the firm held 3 percent (25,18,700 shares) in the company as of June 30. … [Read more...] about Franklin MF offloads 0.7% stake in Indiabulls Housing, Arkaig Acquisition acquires 1.85% in Shriram City Union
Gillian Brown, Senior Managing Director, Capital Markets at Ontario Teachers’ said, “We are pleased to enter into a long-term partnership with Edelweiss Group, which has a proven track record and demonstrated ability to originate, underwrite, structure and realize on private credit investments in India. This partnership will further expand our presence in, and provide additional insights on, the important Indian market.” … [Read more...] about Canada’s Ontario Teachers’ partners with Edelweiss Group to invest $350 million in Indian private credit
"Despite the global economic uncertainty amidst the current pandemic, this commitment from Ontario Teachers' is a strong endorsement of the Indian alternative asset management space as well as the robust and unique private debt platform built by EAAA," the financial services conglomerate said in its statement. … [Read more...] about Edelweiss Financial climbs 5% on $350 mil deal with Canada’s Ontario Teachers
IndiaBulls Housing Finance witnessed an abrupt top management reshuffle in August with Sameer Gehlot stepping down as Executive Chairman to focus on the role of Chief Executive Officer of Indiabulls Ventures, another company that he promotes. According to regulations, an individual cannot hold executive positions in two listed entities, the firm said. Gehlot was replaced by former RBI Deputy Governor SS Mundra. … [Read more...] about Indiabulls Housing Finance launches QIP with base size of $60 million, floor price of Rs 206.7/share