Chew Hai Jong, Managing Director at GIC, and Michael Drumgoole, Managing Director - Direct Custody and Clearing at JPMorgan, are the new inductees, an update with the Securities and Exchange Board of India (Sebi) showed.

"Lumpsum amounts can be staggered to protect from near-term market volatility. We, however, recommend staggering for not more than 1-2 quarters so as not to suffer cash drag if the market rallies hard. We are sitting on minimal cash and are staggering new inflows generally within a month in most cases."

“There are certain pockets which look attractive. Infra has done really well over the last one year so one needs to be very careful over there. Media, auto look very attractive to me. Pharma is something where value has started emerging. Infrastructure again looks good. There are pockets where valuations are very attractive, sectors that have not done well for a very long period of time.”

The board of Balrampur Chini will also mull buyback of shares other than the quarterly results. The Byke Hospitalitys board will deliberate the issue of warrants.

Tata Motors, Pidilite Industries, Procter & Gamble Hygiene & Healthcare, Star Health and Allied Insurance Company, Godrej Properties, Deepak Nitrite, 3M India, General Insurance Corporation of India, Piramal Enterprises, The Ramco Cements, Finolex Cables, Quess Corp, Balrampur Chini Mills, Gujarat Alkalies & Chemicals, Edelweiss Financial Services, New Delhi Television, Max Ventures and Industries.

“For our valuation and pricing exercise, we have spoken to almost 100 institutional investors across India and internationally. There are leading sovereign funds like GIC from the Government of Singapore. We have almost all leading mutual funds in India in our anchor book. Leading institutional investors from various parts of the world are there as well.”

Such standalone entities, unlike global financial heavyweights familiar with India's capital markets and its regulatory environment, believe the burden of regulatory compliance might outweigh the rewards. If they come to India, they will have to first register as an FPI, a process that itself takes about three to six months.

"The committee was formed earlier this month and has been given six to eight weeks for a comprehensive review of the 70 or so regulations governing the industry to ensure principal bases regulations," said a person aware of the details. "The ultimate aim is to ensure ease of doing business for all stakeholders in the industry."

The companys initial public offering comprises an offer for the sale of 4 crore equity shares by the promoters and existing investors.The offer for sale comprises up to 1 crore shares by promoter Juneja family, up to 2 crore shares by Capital International, up to 99.65 lakh by Beige, and up to 50,000 equity shares by Link Investment Trust.

The companys initial public offering comprises an offer for the sale of 4 crore equity shares by the promoters and existing investors.The offer for sale comprises up to 1 crore shares by promoter Juneja family, up to 2 crore shares by Capital International, up to 99.65 lakh by Beige, and up to 50,000 equity shares by Link Investment Trust.

"The strong revenue recovery resulted in improved profitability over the previous year. Several initiatives encompassing cost management, supply chain optimisation and smart procurement were taken up by the business teams that contributed to the sharp improvement in profitability," he said. ABFRL is working on strategic alliances and is building a comprehensive set of iconic brands.

Founded in 2018, Skyroot builds rockets to help launch small satellites, as it designs and tests multiple rocket propulsion systems.

Parameters like IT infrastructure, less traffic congestion and better quality of life make Pune the top city of choice for tech talent, while big IT companies moving their offices to Hyderabad and a cheaper cost of living allowed the city to claim the second position in cities preferred by tech professionals.

Advent eyes $100m KreditBee round; TPG, Temasek, WestBridge & sovereign funds at play

The diploma aims to equip students in diverse fields of management studies.

GIC Investor is a special purpose vehicle organised as a private limited company in Singapore that is part of a group of investment holding companies managed by GIC Special Investments Private Limited (GICSI).

A veteran in the banking and financial services industry, Arif Khan brings his expertise in working with various stakeholders and an in-depth understanding of the sector spanning over two decades. He has held leadership positions in NPCI, MasterCard, HDFC Bank, among others.

The agreement between JP Morgan Services India and Nirlon provides for a rental escalation of 15% every three years. The lease tenure has five years of lock-in period.

Strong execution capability is reflected in its quarterly results, the brokerage said, adding that the recent fundraising from GIC was followed by improved profitability. A balance sheet, healthy cash flows, and a strong overall performance remains key, MOSL said.

Plans for a stake sale by Bain and Advent were expedited after earlier efforts to list the company in India or the US fizzled out as technology stock valuations faced a global meltdown.

The Nifty benchmark index has bounced back over 18% from its June 17 low and is just 3.6% away from all-time high. Foreign portfolio investors, who have been consistent sellers between October 2021 and June 2022, bought shares worth ₹39,555 crore so far in August.

The overall supply witnessed a CAGR of 17% during 2016-2021 to 258 mn sq ft with an increase in Grade A supply mix from 30% in 2016 to 45% in 2021.

Punjab National Bank (PNB), Life Insurance Corporation (LIC), State Bank of India (SBI) and Bank of Baroda (BOB) together own the stake in UTI AMC. If the deal goes through and Tata AMC and UTI AMC are eventually merged, the combined entity would be the fourth largest asset manager in India - after SBI AMC, ICICI Prudential AMC, and HDFC AMC.

Punjab National Bank (PNB), Life Insurance Corporation (LIC), State Bank of India (SBI) and Bank of Baroda (BOB) together own the stake in UTI AMC. If the deal goes through and Tata AMC and UTI AMC are eventually merged, the combined entity would be the fourth largest asset manager in India - after SBI AMC, ICICI Prudential AMC, and HDFC AMC.

The company has entered into a development management alliance with a local real estate developer that owns the land parcel. Both the entities will be jointly developing a 30-storey grade A office tower on the plot.

The company has renewed the lease for the office space spread over six floors for a term of five years with a lock-in until September 2024. Citicorp Services will be paying a rental of nearly Rs 137 crore across the total tenure of the lease, excluding rental escalations.

“The sum of all that we are doing is beginning to reflect in the EBITDA margins that are coming up on the consolidated level. We have hotels in London and Cape Town and San Francisco and New York and there it is very difficult to drive such high margins as one is able to do in the Indian subcontinent. We are very pleased with the new businesses as they are high margin businesses.”

Keppel Land has already signed the term sheet to acquire nearly 1 million sq ft of commercial real estate spread across a total six entire floors in this multi-tenanted tower. The transaction will exclude nearly 2 lakh sq ft office space occupied by Piramal enterprises.

While easier immigration processes and more affordable study and living options are a great draw, Canada has been drowning in visa applications. This has been a big worry for students in particular. The current wait time for a study permit for those applying from outside Canada can easily go up to 12 weeks. But what if we told you that there was a way to cut that time to almost one-third the wait?

Bidders included Singapore's GIC, US-based Capital International and Blackstone. Local mutual funds too jumped in the fray as the likes of Nippon and DSP tried to bet on the share sale.

Greenko, which is majority owned by Singapore's sovereign wealth fund GIC, is developing around 8 gigawatts of renewable energy capacity. It counts among its other investors Japan's Orix and Abu Dhabi Investment Authority. The founders, Anil Kumar Chalamalasetty and Mahesh Kolli, own a little under 10% stake in the company.

The transaction includes acquisition of 99.96 per cent stake in IDFC Asset Management Company Ltd and 100 per cent shareholding in IDFC AMC Trustee Company Ltd.

The gross debt also fell to Rs 3,900 crore as of June 30 from Rs 4,755 crore at the end of the last fiscal. On the operational front, DLF's sales bookings doubled to Rs 2,040 crore during the first quarter of this fiscal from Rs 1,014 crore in the year-ago period. It is targeting 10 per cent growth in its sales bookings to about Rs 8,000 crore this fiscal.

DLF reported a net profit of ₹469.99 crore during Q1 FY23 as residential demand continues to exhibit sustained momentum and high demand for luxury homes has been a key trend that is expected to continue.

"... Despite the hardships faced in the recent past, your company exhibited strong resilience during this challenging phase and has come out even stronger, delivering a strong performance across all key parameters during the (last) fiscal," DLF Chairman Rajiv Singh told shareholders in an annual report for 2021-22.

The deal will see GIC pick up 3 million sq. ft. of commercial assets in Bhartiya City, a 125-acre township project, along with some revenue from its facility management business, the people cited earlier told ET, adding a "definite agreement between both parties was signed this week".

The company plans to invest a minimum $50 million for each major investment across markets. It will explore new office projects through development management and forward purchase agreements, apart from looking at greenfield acquisitions in prime locations including Mumbai and Gurgaon.

The investment is the second tranche of investment under the strategic partnership between GIC and Indias largest retail-led mixed-use asset developer and operator to set up a joint venture to develop, own and operate retail-led, mixed-use developments across India.

As per a recent report by ICICI Securities, 16.7 million square feet of retail space would be added by eight large, listed retail chains between FY21 and FY24 as compared to 8 million square feet added in the preceding four years of FY18-21. These companies also include Titan, Bata, V-Mart, TCNS and Shoppers Stop.

Aditya Birla Fashion and Retail Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 22678.76 Crore) operating in Retail sector.

The Tata Group and private equity fund Bain Capital are evaluating the $1-1.5 billion buyout opportunity but are yet to firm up any plans, said the people mentioned above.

Bitcoin has fallen 0.39 per cent in the last 24 hours but was holding above the $20,000 level at $20,412.21, taking its one week slide to 8.8 per cent.

The deal comes as FalconX plans to increase its workforce by 30% in the coming months, adding 55 new employees to the company. It also intends to use the proceeds in acquisitions, technology and data analytics, expanding its services to institutions from trading execution, credit, and prime brokerage, Raghu Yarlagadda said.

Despite the continued pressure posed by higher raw material prices (Yarn) on Apparel retailers, gross/EBITDA margin saw a YoY improvement in Q4 as companies raised prices by 5-10% across categories to pass on the increase in input cost.

The fund, which will be domiciled in Gujarats GIFT City, will be investing in office assets across India focusing on the top six property markets of Mumbai, Bangalore, Delhi-NCR, Pune, Hyderabad and Chennai.