Saturday, September 26
Mumbai: The automobile sector witnessed the highest foreign inflows worth ₹5,020 crore in the second half of June, after witnessing outflows worth over ₹15,700 crore between January and May."The fall in interest rates and pick up in rural demand has made the auto sector attractive, especially since the valuation has become very comfortable," said Divam Sharma, fund manager, Green Portfolio PMS.Overseas investors are reallocating their portfolio in line with valuation comfort, said Sharma.In May, the sector saw marginal inflows worth ₹101 crore. Overseas investors bought shares worth ₹27,920 crore across 11 sectors in the last 15 days of June, according to data from NSDL.Oil & gas and financials saw foreign investment worth over ₹4,000 crore each in the second half of the mont
ET Intelligence Group: The fund mobilisation through bulk and block (B&B) deals in the Indian equity market improved sharply in the June 2025 quarter according to the data from Equirus Capital following a recovery in the broader market after a slow start in the previous quarter. Sequentially, it increased by 118.9% to ₹1.7 lakh crore while staying muted year-on-year at 3.3% rise. The total funds mobilised through various routes including B&B, initial public offerings (IPO), qualified institutional placements (QIP), and rights issues rose by 103.5% sequentially and by 10.8% year-on-year to ₹2.2 lakh crore. "The sharp rebound in equity fund raising this quarter is directly tied to the recovery in secondary market sentiment," said Bhavesh Shah, managing director and head of invest
ET Intelligence Group: Travel Food Services (TFS), which operates quick service restaurants (QSR) and lounges in airports, plans to raise ₹2,000 crore through an offer for sale. The public issue will reduce the promoter group's stake to 86.2% from 100%. The company's revenue and net profit has steadily increased in the past two years. It has negative working capital days as it gets paid from customers upfront and enjoys a period of credit while paying creditors. About 86% of its revenue comes from the top five airports, signalling high concentration. Also, its entire business is dependent on passenger traffic at airports. Considering these factors, investors with high-risk appetite may consider the IPO. 122286637BusinessIncorporated in 2007, Mumbai-headquartered TFS operates a travel QSR
A World Cup, a T20 World Cup, a Champions Trophy, leading India to World No. 1 in Test cricket and five IPL titles. One man, many accolades— that’s who MS Dhoni is.However, the former India captain’s contributions are not restricted to the cricket field. He has played an instrumental role in the world of business by launching his own brands and backing India’s startup ecosystem. The cricket legend, who turns 44 years old today, has demonstrated similar leadership and analytical skills to invest in several Indian startups.The wicketkeeper batter, who recently applied to trademark “Captain Cool”, has shown interest and has placed his bet and faith on companies ranging from tech startups to rising brands and even the drone industry. Here’s a look at companies Dhoni has backed. G
Mumbai: Dividends play a crucial role for investors who see them as a valuable source of income from their investments apart from capital gains. A look at the dividend data of Nifty 500 index for FY25 to find out the top 10 companies that paid the highest dividends.Tata Consultancy Services (TCS) topped the charts based on the absolute dividend payment as well as the equity dividend percentage, which is calculated as dividend per share relative to its face value. The total dividend payout of the country's largest software exporter rose by 72.6% year-on-year to ₹45,612 crore, helped by a special dividend of ₹66 per share declared in January 2025. Its equity dividend percentage in FY25 was 12,600%, implying a dividend of ₹126 per share of a face value of ₹1. In FY24, TCS had paid a d
