Funds

- by Akash Pharande, Managing Director - Pharande Spaces The pandemic had brought in an urgency to purchase homes, causing housing demand to hit a peak that lasted over 2 years. However, late realty stocks have been under performing, developers are increasing their property rates, and home loan interest rates have begun to increase. Is real estate's dream run over?...

23 May 2022, India - Lumina Datamatics Limited, one of the largest service providers to global publishers and eCommerce companies, has had a highly productive year for its businesses and from the point of view of its commitment to corporate social responsibility. During FY 2021-22, the organisation has successfully addressed all the three focus areas under its corporate responsibility plan – health,...

ICRA has projected that the year-on-year (YoY) growth of the GDP and gross value added (GVA) at basic prices (at constant 2011-12 prices) in Q4 FY2022 seems to have eased to a tepid 3.5% and 2.7%, respectively, from the performance in Q3 FY2022 (+5.4% and +4.7%, respectively). This is on account of the impact of higher commodity prices on...

Hyderabad, May 23rd, 2022: The Board of Directors of Capri Global Capital Ltd. (CGCL), a non-deposit taking and systemically important NBFC (NBFC-ND-SI) on Saturday, May 21st, 2022 announced the audited financial results for the quarter and year ended March 31, 2022. Earnings: CGCL reported a Consolidated Profit after Tax of Rs418mn, up by a sharp 54% YoY but lower by 36%...

Mumbai, May 23, 2022: In the latest report global real estate consultancy Knight Frank India noted that the real estate sector in India received USD 1,180 Million (Mn) in Q1 2022 (Jan – Mar 2022) recording a growth of 98% quarter – on – quarter (QoQ) over Q4 2021 which had received PE investments of USD 597 Mn. In 2021 (calendar year) the total private equity...

Mumbai, May 23, 2022: Amara Raja Batteries Limited, India’s leading Industrial and Automotive Battery major (BSE: 500008 & NSE Code: AMARAJABAT), today, reported profit before tax of Rs.132.49 Crores for Q4 of FY 22 as compared to Rs 258.79 crores during Q4 FY 21. The Revenue for Q4 of FY 22 stood at Rs 2,180.70 crores as compared to Rs 2,102.70...

Mumbai, May 20, 2022: Indian Tyre Industry major, JK Tyre & Industries Ltd. (JK Tyre) announced its audited results for FY2021-22. The Board has recommended a dividend @ 75% (Rs.1.50 per share having face value of Rs.2 each) Commenting on the results, Dr. Raghupati Singhania, Chairman and Managing Director (CMD), said, “JK Tyre achieved highest ever revenue of Rs.12,000 crore in...

Mumbai, 20th May 2022: India Business Excellence Fund – IV, a fund managed and advised by MOPE (MO Alternate Investment Advisors Private Limited ), has agreed to make a primary investment of upto INR 194.4 crore (USD 25 million) in Pathkind Diagnostics Private Limited (“Pathkind”/ “Company”), a pathology focused diagnostics services chain with operations across 23 states in India. Established in 2016, Pathkind is one of the fastest growing diagnostics services chain in India. It is promoted by Mr. Sanjeev Vashishta and the promoters of Mankind Pharma. Pathkind operates...

Mumbai, May 19, 2022: LenDenClub, India's largest Peer-to-Peer Lending platform, with its vision to drive financial inclusion, is building a formidable leadership team as it prepares for its next growth phase, chasing an ambitious goal of $1 billion in loan disbursals. To this effect, the RBI registered NBFC-P2P has made a key leadership appointment and hired CA Mudit Agarwal as its...

Hyderabad/Mumbai, May 20, 2022: Union Bank of India announced the launch of Union Access, a digital accessibility initiative especially for the disabled and senior citizens on the 11thGlobal Accessibility Awareness Day (GAAD) that was celebrated today. With this initiative, Union Bank continues to reinforce its commitment to provide accessible customer experience for senior citizens and persons with disabilities.  The Global Accessibility Awareness...