FMCG major Nestle India on Thursday posted a 66% year-on-year (YoY) rise in net profit at Rs 628 crore for the fourth quarter ended December 2022. The profit stood at Rs 379 crore in the corresponding quarter last year. The company follows a January-December financial year. The Board has recommended a final dividend of Rs…
Continue ReadingWhat is a REIT? India saw its first REIT (Real Estate Investment Trust) in 2019. Three years later there are now three (Mindspace REIT, Brookfield REIT, and Embassy REIT). REITs as an investment option have gained significant popularity among institutions & retail investors. Real Estate Investment Trust (REIT) is a tax-efficient vehicle that owns a…
Continue ReadingA budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis. Budgets can be made for a person, a group of people, a business, a government, or just about anything else that makes and spends money. Top 8 Objectives of…
Continue ReadingShare market is full of speculation. The Securities and Exchange Board of India (SEBI) is the governing body that regulates the stock market. It looks after the interest of the traders and investors. It often happens that the traders and investors suffer a good amount of loss due to speculation activities in the stock market. In…
Continue ReadingReliance Jio’s arm, Reliance Projects and Property Management Services (RPPMSL), has completed 100 per cent stake acquisition in Reliance Infratel for about Rs 3,720 crore, Reliance Industries Limited said on December 22. The Mukesh Ambani-led telecom subsidiary had placed a bid of Rs 3,720 crore in November 2019 to acquire the tower and fibre assets…
Continue ReadingBajaj Finance Ltd, the non-banking financial company (NBFC) with a focus on consumer loans, has underperformed the benchmark Sensex and Nifty indices in 2022, the first time it has done so in 14 years. The company has been a darling of investors despite valuations being steep at times. So far this year, both the Sensex…
Continue ReadingThe anchor book allocation of K-Fin Technologies (KFINT), the registrar and transfer (R&T) agent that floated an Initial Public Offer (IPO) on December 19, shows that just eight fund houses (all serviced by KFINT) received allocation of shares. KFINT is one of the two largest R&Ts in the Rs 40-trillion Indian mutual fund (MF) industry.…
Continue ReadingLife Insurance Corporation of India has increased its shareholding in leading asset management company HDFC AMC by buying additional shares via open market transactions. Both the companies intimated to exchanges about the transactions via regulatory filings on December 15. LIC has bought an additional 43.27 lakh equity shares, or a 2.03 percent stake, in HDFC…
Continue ReadingPremium automotive retailer Landmark Cars is set to float its initial public offering (IPO) on December 13. The price band for the offer, which will close on December 15, is set at Rs 481-506 apiece. Investors can bid for a minimum of 29 shares and in multiples of 29 shares thereafter. The Rs 552-crore float…
Continue ReadingMany of us invest our hard-earned money in the stock market by taking risks and thinking of making good returns. But a lot of us don’t know that investing in the stock market can turn out to be risky due to price fluctuations of securities like currency, commodities, equity, etc. During these times, anyone may…
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