BUYER
Expect market to consolidate; be a buyer on dips: Surendra Goyal
So, it is a lot domestic in nature and that is what in our view is driving the markets more. And even from a flow perspective, it has been all about domestic flows and not as much about foreign flows so far this year.
Proptech startup Jugyah raises $1.5 million in funding from White Venture Capital, QED Investors, others
Jugyah, a proptech startup based in Mumbai, has raised $1.5 million in a funding round led by white Venture Capital and others. The company will use the capital to increase its reach within Mumbai. Its main competitors are Housing, Nobroker and Property Guru.
How ONDC aims to take e-commerce beyond the ‘elitist’ circle of buyers and sellers
The Open Network for Digital Commerce (ONDC) envisions creating a level playing field for all players in the e-commerce sector, including small businesses and startups, and transforming the system into an open marketplace.
Bengaluru flat owners seek registration of apartment land in their names, clarity over maintenance charges
Flat owners in Bengaluru are seeking the transfer of title deeds to their association due to builders' non-compliance with legal requirements. Issues include concerns over ownership rights and aintenance charges for unregistered land.
India mulls easing rice export limits in boon to world buyers
India, top rice exporter, might ease export limits before October's crop. Plans include fixed duties on white rice and removing the 20% tax on parboiled rice to reduce Asian prices, aiding West Africa and Middle East. Monsoon rains boosted sowing recovery, increasing acreage. Data indicate increased sowing for the main rice crop since 2023.
Mercedes seeks to tap first-time luxury buyers in India with entry-level EVs
Mercedes-Benz India, under CEO Santosh Iyer, launched the EQA 250 and EQB 350 to attract new luxury car buyers. Upcoming EVs include the EQS Maybach SUV and electrified G-Class, priced over Rs 3 crore. They achieved their best sales in 2023 and 60% EV growth in H1 2024, targeting Rs 1 crore income households for double-digit growth.
Is Dubai becoming the ultimate destination for ultra-rich home buyers?
Knight Frank reports 190 luxury homes sold in Dubai, each over $10 million, with top areas Palm Jumeirah, Emirates Hills, and District One. Sales trends highlight personal use demand. Dubai, a tourism and trade hub, attracted 17.15 million visitors last year. Second-quarter sales of $25 million homes rose 25%.
Bansal Wire IPO booked 5.72 times on Day 2. Check GMP and other details
Bansal Wire's IPO has been nearly 4 times oversubscribed on its second day, fueled by robust demand from non-institutional and retail investors. The IPO, conducted through the book-building method, reserves 50% for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.
South Korean shares hit over 29-month high, Samsung Electronics shines
South Korean financial markets experience a surge, with shares hitting a 29-month high driven by Samsung Electronics' expected profit increase. Auto and financial sectors also see gains due to dividend policy measures. Bank of Korea suggests structural reforms for addressing high living costs. Foreign investors show interest with net share purchases. Market yields decline notably.
Do Elon Musk's politics and comments on X drive Tesla buyers away? This is what car-owners have said
Has Elon Musk angered the prospective buyers of Tesla by supporting antisemitic posts on his social media platform X or blocking Starlink satellite internet service to prevent a drone attack on Russian forces? The global Tesla sales have come down this year.
Bajaj Housing Finance launches Sambhav Home Loans for first-time home buyers
Borrowers will have attractive interest rates with affordable EMIs and the option to choose a repayment tenor of up to 20 years. With this, Bajaj Housing Finance will offer a full suit of offerings in the housing finance sector covering all customer categories.
International toy fair to begin on July 6; over 100 foreign buyers to participate
Wooden toy maker Gautam said that different categories of toys will be showcased to buyers such as electronics, soft toys, playground equipment and board games. The country's toy exports declined marginally to USD 152.34 million in 2023-24 from USD 153.89 million in the previous financial year, according to a report by economic think tank GTRI.
Niva Bupa files for Rs 3,000-cr IPO
Niva Bupa Health Insurance files a ₹3,000 crore IPO, aiming to enhance solvency ratio and operating expenses. British United Provident Fund Bupa is an existing shareholder. TrueNorth-managed Fettle Tone LLP and Bupa Group play key roles in the IPO process.
Demand for hybrid vehicles on the rise across the US; here are the best deals being offered
There is a growing demand for hybrid vehicles across the US. Many of the companies are offering discounts on these vehicles. The demand for EV vehicles is decreasing due to many challenges associated with it.
Gupshup to launch multilingual WhatsApp chatbot for buyer apps on ONDC
Gupshup's WhatsApp chatbot on ONDC streamlines buyer experience, supports enterprise integration, and expands to include food orders, location sharing, Google RCS, and voice integration. Operating globally, Gupshup aims to reach diverse populations through WhatsApp for seamless conversational commerce.
FPIs turn net buyers of Indian equities at Rs 12,170 crore in June so far after two months of selling
Foreign investors stage a comeback in holiday-shortened week, slashing net selling from 14,794 crore in June first week to Rs 3,064 crore at the end of second week.
Smartwatch companies turn to premium buyers looking for upgrade
Leading smartwatch brands like Noise, Boult, and Boat are targeting repeat buyers with premium hardware to increase average selling prices and improve profitability amid declining shipments and intense competition. They are using their own processors, high-end materials, and aesthetic enhancements, while aggressively expanding into offline retail channels. This shift follows a 7.3% drop in Q1 2024 shipments and a fall in ASP to $20.65. The focus is now on offering premium products with better features to attract discerning consumers.
Noida Authority orders asset attachment of AMG group over Rs 2,409 cr dues
The Noida Authority has ordered the attachment of properties of realty group Aims Max Gardenia (AMG) over pending dues of Rs 2,409.77 crore against two land allotments in the city. The group, contested the amount of pending dues, claiming it was around Rs 1,050 crore and is ready to pay 25 per cent of it, following the recommendations of the Amitabh Kant committee on legacy stalled housing projects to facilitate the registry of flats in its projects.
Granules promoter Chigurupati sells stake
About 75 lakh shares worth 303.81 crore were sold at 405.08 apiece and were bought by 8 funds at 405-405.1. Axis MF, Massachusetts Institute of Technology and Fidelity Funds' India Focus Fund were the top buyers.
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