Wednesday, September 30
The Competition Commission of India (CCI) on Tuesday approved the acquisition of certain issued and paid-up equity share capital of Haldiram Snacks Food Private Limited by Alpha Wave Ventures II LP and Alpha Wave IHC CI, LPOn March 31, Haldiram, the country's leading snack and food brand, had confirmed selling its stake to IHC (International Holding Company) and Alpha Wave Global. The announcement had come a day after Haldiram confirmed acquisition of a minority stake by Singapore-based global investment firm Temasek. "Haldiram's, India's leading snack and food brand, is pleased to announce the addition of two new investors, IHC (International Holding Company) and Alpha Wave Global, to its ongoing equity round, following Temasek's recent participation," the statement said.Alpha Wave is a
For generations, buying property has been the cornerstone of wealth creation in India. A piece of land or a home was not just an investment but a symbol of security, stability, and financial success.But in recent years, with the rise of fractional real estate platforms, investors—especially those with limited capital—are rethinking how they allocate money to real estate.The question is especially relevant for those with a Rs 50 lakh investment budget. Is it better to go the traditional route and buy a residential unit, or should one explore the growing world of fractional ownership in commercial real estate?We asked two leading voices in the industry — Manisheel Gautam, Chief Marketing Officer at Alt DRX, and Aditi Watve, President – Investment Sales & REIT Advisory at ANAROCK
Mumbai: Kalpataru Ltd, Ellenbarrie Industrial Gases, HDB Financial Services and Sambhv Steel Tubes are set to launch their Initial Public Offerings (IPO) this week. The issues of Kalpataru and Ellenbarrie Industrial Gases will open for subscription on Tuesday, while HDB and Sambhv will be available from Wednesday. ET spoke to analysts on which IPO investors should bet on.HDB Financial ServicesThe ₹12,500-crore issue - the largest IPO in India since Hyundai Motor India's offering in October last year - is the most widely watched. With HDB's grey market premium (GMP) - the additional price that investors are willing to pay over the IPO price in the grey market before the stock lists on the stock exchange - halving from ₹93 last week to ₹46 on Monday, expectations of a strong listing ha
Mumbai: Investors cut exposure to information technology (IT) stocks on Monday as Accenture's lower-than-expected revenue growth guidance and weak order flows dented sentiment. Analysts said although no major declines are expected, the outlook remains bleak.Nifty IT fell 1.5% against the 0.6% dip in Nifty. All 10 stocks in the index closed lower. Oracle Financial Services fell 2.7%, while Infosys and HCL Technologies dropped 2.3% each. Tata Consultancy Services and Wipro shed 1.3% and 1.1%, respectively. LTI Mindtree and Tech Mahindra fell almost 1%."While Accenture reported decent results amid a weak macro environment, the reduction in bookings implies a subdued discretionary demand that dragged the IT stocks lower," said Sushovon Nayak, research analyst, Anand Rathi Institutional Equitie
Mumbai: Indian equities retreated Monday after the US risked its own billion-dollar-plus military assets to pound subsurface Iranian nuclear sites over the weekend, but the broadest gauges erased initial losses to end about half a percent lower following modest gains in crude oil prices."Markets will closely watch for further escalation in West Asia that could affect oil supply and pricing," said Nilesh Shah, MD, Kotak Mahindra AMC. "It will be fair to assume the risk aversion will rise with escalation and will have an adverse impact on markets."The Sensex shed 511.36 points, or 0.6%, at 81,896, while the Nifty declined 140.50 points, or 0.5%, to settle at 24,670. Technology bellwethers Infosys, HCL Technologies and TCS, which together account for the second biggest Nifty weighting, fell 1
