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US firm Vanguard Group made Rs 1,294 crore investment in 10 stocks, in single day; do you own any?

The Vanguard Group Inc, the US-based investment management company, invested nearly Rs 1,300 crore in a single day on March 15 when the Nifty50 closed at fresh six-month high. The investment firm through its Vanguard Emerging Markets Stock Index bought equity stake in 10 Indian companies through open market transactions. As per the bulk deal data published on National Stock Exchange, 10 stocks where the firm purchased equity shares are Aarti Industries, Bata India, Castrol India, DCB Bank, NIIT Technologies, RBL Bank, TeamLease Services, TTK Prestige and V-Guard Industries. Vanguard Emerging Markets Stock Index bought shares worth Rs 1,294 crore,…

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RIL investment unit buys stakes in Grab, C-Square

NEW DELHI: Reliance Industries controlled Reliance Industrial Investment and Holdings(RIIHL), has picked up majority stakes in two companies, Grab A Grub Services and C-Square Info Solutions, the petroleum-to-retail-to-telecommunications conglomerate announced on Saturday. In two separate filings made to the Bombay Stock Exchange, RIL said that RIIHL has agreed to pay Rs 106 crore to acquire equity shares in Mumbai-based logistics platform Grab A Grub, and will invest an additional Rs 40 crore in the fouryear-old company. “(The deal) is likely to be completed by March 2021.The total investment will translate into about 83% of equity capital in…

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Rain industries Q4 CY18 review: Business in transition; accumulate on dips

Rain Industries reported a weak set of Q4 CY18 earnings. Its earnings were anticipated to be subdued due to delayed permission to import a key raw material, green petroleum coke (GPC) and a continued import ban of  calcined petroleum coke CPC) used for blending key product. But what really caused the disappointment was the adverse impact of high-cost inventory. Result analysis Volume trend in product sales  Key negatives High-cost inventory continues to impact profitability of most chemical products in carbon (68 percent of total sales) and advance materials (25 percent of total sales) segments….

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‘Investment in 8-10 stocks should be good enough if your budget is between Rs 2-5 lakh’

For most people, financial decisions pertaining to investing, buying insurance or taking loans are erratic, rather than an informed and planned process. This means that they have innumerable stocks and dozens of mutual funds without taking into consideration, the impact on their financial goals. In this article, I am going to highlight some of the asset classes to help you determine the optimum mix and how much is too much per investment instrument. Mutual Funds: Most of the people are often confused as to how they should segregate their funds….

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Investment in 17 entities under shipping ministry hiked to Rs 5,778 crore for FY’20

The government has increased the proposed investment in 17 enterprises under the shipping ministry to Rs 5,778 crore for 2019-20 in order to boost the ‘blue economy’. The estimated investment in these enterprises that include 12 major ports is Rs 5,548.12 crore in 2018-19, according to the revised numbers in the recent budget document. The government had proposed an investment of Rs 5,079.80 crore in the Budget for 2018-19. Aspiring to be a $10 trillion economy in the next eight years, the government plans to harness India’s long 7,500-km coastline…

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Bosch Makes First Venture Investment In India With Deeptech Startup SimYog

Robert Bosch Engineering and Business Solutions, has announced its first venture investment in India in Bengaluru-based deeptech startup SimYog Technologies. Incubated at the Indian Institute of Science, SimYog has raised $885.7K (INR 6.3 Cr) in a funding round with participation from early-stage venture capital firm Ideaspring Capital. The startup plans to use the fresh funds to expand its product offering. The company will also expand its team to 12 people—from five now—over the next year, as it adds customers and products. Founded in 2017 by Dipanjan Gope, Anant Devi and…

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