DSP MERRILL LYNCH LIMITED
Air India names Tata Projects' Sanjay Sharma as new CFO
Air India has named Sanjay Sharma as its new chief financial officer, succeeding Vinod Hejmadi who retired after a long tenure with the airline now owned by Tata. Sharma brings over 30 years of experience in Corporate Finance, Investment Banking, and Real Estate, having held key finance positions at Tata Projects Limited and other reputable organizations. He will report to Air India's CEO & MD, Campbell Wilson.
I have never ever been so bullish about the next 10 years: Hemendra Kothari
Hemendra M Kothari, Chairman, DSP Asset Managers and Sundararaman Ramamurthy, MD & CEO, BSE, walk down the memory lane to celebrate world's fastest stock exchange, BSE. "Stock exchange, whether it is Bombay Stock Exchange or National Stock Exchange, it definitely gives a lot of interest to the world. In 1984, I started talking about getting foreign investors and two years it took me to get first approval to create a country fund."
Suzlon Energy board appoints Vinod R Tanti as new Chairman and Managing Director for three years
The new appointment would, however, be subject to the approval of the shareholders at the next general meeting of the company. Consequent to his appointment as the managing director, Tanti resigned as the whole-time director and chief operating officer with immediate effect, i.e. 7th October 2022, the filing said. Consequently, the board also approved the appointment of Girish R Tanti as the Executive Director designated as the Executive Vice Chairman of the company with immediate effect for a period of three) years.
Bank of India Investment Managers appoints new CEO
Earlier he had served Franklin Templeton AMC, Axis Bank, DSP Merrill Lynch Investment Managers Alliance Capital AMC.
Julius Baer appoints new CEO for India business
Papneja will report to Rahul Malhotra, head global India and developed markets as he takes over the role from Ashish Gumashta, who will become executive chairman at Julius Baer India.Umang Papneja joined the global wealth management company from IIFL Wealth Management .
Validus Wealth plans to grow AUM five times in next 3 years
Validus Wealth, a private wealth management firm launched by the key management team of DSP Merrill Lynch led by Atul Singh after its merger with the Swiss private banking major Julius Baer, is eyeing to grow the assets under its custody at least five times over the next three years.
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RBI’s words will have to speak louder than action as market looks for answers
When the rate-setting panel sets to release its statement on Friday, it will have to choose its words with even more care than before, as they may end up deciding the course the bond market and equity market will take going ahead.
India providing opportunity for some of the money flowing out of China: Bank of America
REITs have provided an avenue for the investors, the global long only funds, the domestic HNIs to get a part of the action in commercial real estate and they have welcomed the opportunity with both hands.
NSE-BSE bulk deals: Fund houses offload Aarti Surfactants
In a series of bulk deals on BSE, HDFC Mutual Fund and DSP Mutual Fund offloaded shares of Aarti Surfactants, which were bought by Haresh Kunvarji Chheda HUF, Chandrakant V Gogri, Mulraj Chandulal Gala, Jaya Chandrakant Gogri.
Softbank-Bharti green energy JV taps Brookfield for up to $600 million funds
The need for funds is immediate and so they are open to various structures, said a global clean tech investor. However, most industry participants believe parent Softbank may eventually sell a larger chunk, even majority to bring on board large institutional investors to deal with its own liquidity challenges.
Airtel kicks off $3-billion fundraiser for AGR dues
In a statement to stock exchanges on Wednesday, the telco said it plans to raise $2 billion through a qualified institutional placement (QIP) of equity shares, and $1 billion via foreign currency convertible bonds (FCCBs), including a $250 million ‘upsize’ option.
Bharti Airtel launches QIP to raise $2 billion, FCCB of $1 billion
The fundraising has come at a time when the company has to pay Rs 35K cr of statuary dues.
Standard Life to sell 2.23% stake in HDFC AMC via OFS
Standard Life has proposed to sell up to 47.5 lakh equity shares, representing 2.23 per cent stake
SAMHI Hotels gets Sebi nod for Rs 1,800-2,000 crore IPO
SAMHI Hotels' IPO comprises a fresh issue of Rs 1,100 crore and an OFS of 1,91,45,624 equity shares.
RBI to cut rates by 40 bps by Feb despite high inflation
The consumer price inflation fastened to 4.62 per cent for October.
Foreign funds likely to increase India weightage: Sunil Khaitan, BofAML
The interest for companies that straddle consumer growth and financing of that growth is tremendous.
JPMorgan warns US money-market stress to get much worse
JPMorgan says it’s not convinced the Fed has resolved the issues in the funding markets.
India moves with global tide; US markets pulled up India this week: Sanjay Mookim, BofA Merrill Lynch
Not in the short term, but if you are a long-term asset allocator, India and equities look okay.
RIL can become 1st Indian firm to hit $200 billion m-cap in 24 months, says BofA-ML
RIL is India's largest petrochemical and second-largest oil refining company.
Airtel appoints lead managers for Mauritius arm's overseas borrowing
Roadshows for the fundraising plan are set to begin this week.
Global funds line up for Yes Bank’s $400-million QIP
The bank is looking to shore up its capital base due to a spike in bad loans.
Nikkei hits 3-month low as intensifying trade war hurts sentiment
Nikkei share average ended the day down 0.59 per cent at 21,067.23 after falling to as low as 20,751.45, the lowest since mid-February.
CPSE ETF-5 subscribed six times
As at 5 pm on Friday, the CPSE ETF got subscriptions worth Rs 20,000 crore.
Stocks in the news: HCL Tech, Maruti Suzuki, Power Finance, Jet Airways and JSW Steel
Here’s a look at the top stocks that may hog the limelight in today's session.
Expect Sebi to give nod to JV stake buyout soon: DSP Group
A share purchase agreement was signed between DSP Group and BlackRock in May 2018.
Blackrock-DSP split shows that even the best of foreign investment managers can't handle India's MF industry
A lack of local knowledge is part of the reason, but there are other factors that make even the best global managers unable or unwilling to go the distance.
Idea Cellular raises Rs 3,500 crore via QIP
DSP Merrill Lynch and Citigroup Global Markets India acted as global coordinators and book running lead managers to the issue.
Soccer-How Herrera became unlikely leader of Mourinho's United
SOCCER-EUROPA-FINAL/HERRERA:Soccer-How Herrera became unlikely leader of Mourinho's United
Tata Sons names BoFA i-banker Ankur Verma to chairman's office
Ankur Verma joins from Bank of America Merrill Lynch, where he was the Managing Director for its investment banking division.
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