FMCG Giant Tata Consumer is in talks to acquire Bisleri at Rs 6,000-7,000 crore according to media reports. Bisleri is a strong market leader with 13-15% marketshare with robust growth/profitability in a large category that is growing at 15%+ CAGR. TCPL can drive share gains, margin expansion and leverage Bisleri’s…
Markets regulator Sebi on Friday came out with a framework for alternative investment funds (AIFs) raising capital from foreign investors.At the time of on-boarding investors, the manager of an AIF would have to ensure that the foreign investor is a resident of a country whose securities market regulator is a…
Indian benchmark indices are likely to open on a tepid note amid weak global cues. SGX Nifty was mildly red with Nifty futures trading 49 pts or 0.27% lower at the Singapore Exchange, hinting at a flat to negative start for the Indian share market. In the previous session, BSE…
Mercedes-Benz India’s next MD & CEO Santosh Iyer’s statement about mutual fund SIPs eating into luxury car sales has drawn passionate response from investment advisers, who overwhelmingly suggest using any opportunity to build wealth for acquiring luxuries such as a Mercedes car later. “At Rs 50000 EMI, it isn’t possible…
Domestic equity benchmarks were trading lower on Friday with 30-share BSE Sensex falling over 500 points and NSE Nifty trading below 18,500. The Nifty sectoral indices were trading mixed with Nifty Metal dropping 0.61% while Nifty FMCG rose 0.54%. The volatility Index India VIX was trading 1.88% higher. NSE 52-week…
The Indian rupee ended slightly weaker against the U.S. dollar on Tuesday, unable to take advantage of the broadly positive Asian cues, in another quiet session where the local unit held a narrow trading range. The rupee closed at 81.72 per U.S. dollar, compared with 81.67 in the previous session,…
Indian benchmark indices are likely to open in green, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were trading 20 pts or 0.11% up, signalling a flat to positive start for domestic equities. In the previous session, frontline indices snapped an eight-day rally to end in red. BSE Sensex…
India will continue to buy crude oil from anywhere in the world, including Russia, to meet its energy needs, a top official said ahead of EU restrictions on Russian oil kicking in.The executive body of the European Union has asked its 27-member countries to cap the price of Russian oil…
Indian benchmark indices BSE Sensex and NSE Nifty 50 are likely to open on a muted note amid weak global cues. SGX Nifty hinted at a flat to negative start for domestic equities as Nifty futures traded lower at 18665 level on the Singapore Exchange. “Markets have been gradually drifting…
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate was positive on Tuesday despite mixed global cues, while silver rate was up 0.6%. On Multi Commodity Exchange, gold February futures were trading at Rs 53,709 per 10 grams, up Rs 204 or 0.38%. Silver March futures were trading…