CashNews.co Think Initial Public Offers (IPOs) are a sure-shot, quickfire method to make a quick buck? If so, then investing in some of India’s biggest IPOs to date would have created multiple millionaires. However, if the data is to be believed, 18 out of India’s top 30 IPOs by way of size have failed to […]
CashNews.co The carnival of capital expenditure that was awaiting Narendra Modi’s return to power in India seems to have been delayed. That’s partly because the prime minister’s narrow election win doesn’t augur well for economic reforms. Also, interest rates are high, fiscal policy tight and local firms are worried about price competition from Chinese rivals […]
CashNews.co Please join Dr. John J. Hamre, CEO and President, Center for Strategic & International Studies (CSIS) for an in-person conversation on “India’s Economic Aspirations” with H.E. Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs, Government of India on October 25. The event with Minister Sitharaman will begin with remarks followed by a moderated session […]
CashNews.co Mumbai: Weaver Services Private Ltd, an affordable housing finance company founded by former employees of HDFC Ltd, on Wednesday announced the acquisition of Delhi-based Capital India Home Loans Pvt Ltd (CIHL) for ₹267 crore. Weaver Services is raising up to ₹800 crore from private equity players like Gaja Capital and Lok Capital to fund […]
CashNews.co BlackRock Inc., the world’s largest asset manager, is in talks with billionaire Mukesh Ambani’s Jio Financial Services Ltd. to set up a private credit venture, aiming to tap the expanding direct lending opportunities in India, according to people familiar with the matter. The 50-50 joint venture will lend to businesses ranging from large companies […]
CashNews.co Fortune IndiaGen Z population accounts for ₹72.28 lakh cr in consumer expenditure: BCG & Snap ReportOver 43% of India’s total consumer expenditure, amounting to ₹72.28 lakh crore ($860 billion), is driven by Gen Z, which makes up only 26%….55 seconds ago Read More #cashnews #India #finance
CashNews.co Union Finance Minister Nirmala Sitharaman is embarking on a significant official visit to Mexico and the United States from October 16 to 26, 2024. This 10-day visit will include high-level discussions at international forums, as well as bilateral talks aimed at strengthening India’s economic ties with key global players. Key Highlights of the VisitSitharaman’s […]
CashNews.co Hyundai Motor India Limited, a subsidiary of Hyundai Motor Company, has officially launched its initial public offering (IPO) on 15 October 2024. As India’s second-largest car manufacturer, Hyundai’s growth reflects a well-executed strategy of diversifying its product lineup and expanding into Tier-2 and Tier-3 cities. This IPO positions the company to bolster its market […]
CashNews.co The non-banking finance company’s rooftop solar finance product, Capri Solar Finance, targets a loan book size of INR 1,000 crore in the coming years. October 16, 2024 Uma Gupta Capri Global Capital Ltd (Capri Loans), a non-banking finance company, has launched its rooftop solar finance product, Capri Solar Finance. The loan is available for […]
CashNews.co “There is also a specific issue in the industry, to my mind, and as incomes rise and the inflation in car prices becomes palatable, I hope to see this dynamic improve,” says Sanjay Mookim, JPMorgan. One lead indicator of economic growth is always car sales and PV sales now are in the range of […]