INFRA MARKET FOUNDER
Which pockets will see profits decelerate, remain flattish, or go up in Q1? Pankaj Tibrewal answers
Stock market analyst discusses the outlook on defence stocks and suggests focusing on durables, value retailers, and staple companies for potential growth in consumption over the next 12-18 months. Pankaj Tibrewal says over longer periods, the basics of investing will help navigate any challenges in the market. In the long term, he is positive but will wait for better entry points, and from a bottom-up perspective many of the stocks are in the frothy expensive zone.
Koo calls it a day; Paytm Bank, auditor lock horns
Once touted as India’s response to Twitter, it’s curtains for homegrown microblogging app Koo. Details on this and more in today’s ETtech Top 5.
How MSMEs can boost India's real estate market
With streamlined regulations and increased credit access, MSMEs have the potential to boost India's real estate sector.
India story remains intact; push on infra, manufacturing to continue: Vikas Khemani
I think again within infrastructure you could see a lot more happening on the port side, lot more happening on thelogistics betterment side, that I think is a very-very critical need in terms of if India has to leapfrog from here.
Realty hopes reforms, infra development continuity as Modi 3.0 takes charge
Industry players and experts are emphasizing the need for tax rationalization and reduced approval costs to foster a more conducive environment for investment and development.
Adopting global standard, infra, risk-based regulation to help India improve quality of goods for exports: GTRI
The GTRI also recommended support to SMEs, avoiding quality control orders becoming non-tariff barriers, regulatory impact assessment, developing globally acceptable standards and inking mutual recognition pacts with trading partners to strengthen India's quality systems.
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Zerodha’s Nikhil Kamath picks up 7% stake in Infra.Market subsidiary for Rs 166 crore
In December 2023, ET had reported that Infra.Market had sold a 10% stake in RDC Concrete for $20 million to public market investors led by Ashish Rameshchandra Kacholia. The round saw participation from investors such as Capri Global Family Office, Verity Knowledge Solutions CEO Sumeet Kanwar and Abhijeet Pai-led Wear Steels.
Market Mantra! Why putting your eggs in a few baskets could be a great idea
Capital allocation has been concentrated in specific sectors, leaving many with limited funding. Fund managers currently favour sectors like PSU, industrials, and defence, while showing less enthusiasm for FMCG and auto.
Infra.Market raises $50 million in funding from Mars Unicorn Fund at $2.5 billion valuation
Construction materials provider Infra.Market is raising the funds at a $2.5 billion valuation, which matches that from 2021 when the Thane-based company had raised $125 million from investors led by Tiger Global.
Online eats into offline; Agnikul defers rocket launch
The rapid adoption of quick commerce and food delivery apps is eating into the sales of retail, and quick service restaurants. This and more in today’s ETtech Top 5.
Markets peak on optimism, not on relative pessimism: Deepak Shenoy
It seems to be, but people seem to still be very scared. Everybody I am talking about is little worried that the markets will fall or that they have reached a peak and there is so much high. So, I think the problem is markets peak on optimism, not on relative pessimism, like we see today.
People+ai partners with 24 tech organisations to enable open cloud compute infra
AMD, Oracle, and various technology providers collaborate to address the increasing compute requirements. The partnership aims to enhance the compute ecosystem in India through the creation of a network of providers for accessible and tailored compute resources.
Bhavish Aggarwal's Krutrim AI launches mobile app, opens up cloud infra for businesses
Krutrim AI, an artificial intelligence (AI) startup founded by Ola Electric's Bhavish Aggarwal, has opened up its cloud for entrepreneurs and developers. Aggarwal said this will help businesses build products without depending on western cloud solutions.
Alta Capital looking to invest over $1 billion in India's educational infra
The firm has already invested over $1 billion across warehousing, managed workspaces, student housing and educational infrastructure businesses in less than a year of operations till December, which also marked its purchase of education infrastructure development services company Cappella Educore for $200 million. Alta Capital had earlier acquired Goldman Sachs' and Warburg Pincus' 100% stake in student housing platform Good Host Spaces for $320 million in the largest-ever student housing deal in the country.
GIFT City may see India’s first regulated global realty, infra-asset tokenisation platform
India's first regulated real estate and infrastructure asset tokenisation platform at GIFT City aims to provide fractional ownership opportunities to small investors using blockchain technology. IFSCA has approved entities like Realdom India Pvt Ltd to commence operations on the platform.
Goa's Mopa Airport spurs realty activity
"Not only from cities in India, Indians living in other countries are also very keen to invest in a holiday home. The airport has led to development in areas where large land is available and developers can plan multiple facilities," said Aditya Kushwaha, CEO and director, Axis Ecorp, which has Axis Blues, Axis Yog Villas and Axis Lake City projects in various stages of development.
Stocks in news: SMS Pharma, Patel Engineering, Vedanta, HG Infra, SJVN
Patel Engineering, in collaboration with its joint venture partner, has been awarded the letter of acceptance (LOA) by the Irrigation & CAD Department, Government of Telangana for a contract valued at Rs 525.36 crore.
Budget: Government’s big push on infra, innovation and technology to spur growth
The budget's emphasis on the growth and global competitiveness of businesses is aimed at fostering a robust ecosystem for economic growth.
India-Indonesia eye pharma, transport infra & FinTech to expand economic coop
In her opening remarks, Ambassador Ina Krisnamurthi of Indonesia emphasized that although the current trade and economic relations are strong, there is still plenty room to reap the potentials and opportunities. Therefore, continued building understanding between both countries is definitely important.
Budget: Real estate to get TOD boost through infra projects
“We have a fast-expanding middle class and rapid urbanization is taking place. Metro Rail and NaMo Bharat can be the catalyst for the required urban transformation. Expansion of these systems will be supported in large cities focusing on transit-oriented development,” Finance Minister Nirmala Sitharaman said in her budget speech.
ETMarkets Smart Talk: If BJP retains majority in general elections capital goods and infra themes could do well: Dipan Mehta
Dipan Mehta says capital goods and infrastructure sectors are expected to do well in the coming years, especially if the BJP retains the majority in the General elections. There has been an increase in SME IPOs compared to mainboard ones, but caution is advised due to the frothiness and lack of floating stock in SMEs. Railway stocks have performed well due to increased budgetary allocation. Small and midcap stocks have good quality businesses, but valuations are very rich.
Atal Setu bridge only the beginning? Modi govt’s ambitious infra push bears fruit
India's Prime Minister Narendra Modi is set to open India's longest bridge, the Atal Setu, in a ceremony to mark the start of his government's infrastructure drive. The five-year, $1 trillion initiative aims to boost jobs and keep up with China and other modernising economies. The bridge, which will cost $2.2 billion, will cut travel time between central Mumbai and Navi Mumbai
ETMarkets Smart Talk | Stagger investment till March 2024; infra, PSU bank among 8 sectors to bet on: Rakesh Pujara
“The IPO index and SME sector look a little overstretched, and one needs to be very cautious in these two segments.”
In a first, LIC plays anchor for Nabard's infra bond sale
Investment documents seen by ET showed that LIC is the anchor investor for the ₹5,000-crore infrastructure bond sale by Nabard on December 20. Besides the base, the issuer also has a green shoe option of ₹5,000 crore. As anchor investor, LIC will take up 30%, or ₹1,500 crore, of the base size of Nabard's bond issue, the documents showed.
Servotech Power Systems to install 5,000 EV charging stations in India
In a significant stride towards bolstering electric vehicle (EV) infrastructure in India, Servotech Power Systems declared its ambitious initiative to install 5,000 EV-charging stations across the country. The company unveiled its strategic move on Tuesday, marking a pivotal step in the nation's transition towards sustainable and eco-friendly transportation solutions.
Rise Infraventures targets Rs 3,000 crore sale in FY 23-24
Rise Infraventures, a Gurugram-based real estate company, is aiming to earn Rs 3,00 crore of revenues in this fiscal year. “This valuation is based on the company’s robust performance in the luxury realty segment and the massive expansion in customer base within an extremely short period since its formation,” said Sachin Gawri, CEO and Founder, Rise Infraventures Limited.
ETMarkets Smart Talk: Banks, cement, Infra among 7 themes that could lead next leg of rally: Jiten Parmar
According to Jiten Parmar of Aurum Capital, sectors such as banking, cement, infrastructure, paper, sugar, power, and chemicals still offer reasonable valuations. He remains constructive on the medium to long-term prospects of the Indian economy, citing robust tax collections and the formalization of the economy. However, Parmar warns of immediate challenges including the global economic slowdown, rising crude prices, and adverse outcomes from upcoming state and general elections. He advises investors to focus on individual companies, their valuations, and growth prospects.
Want to exit Vedanta? Here’s what you have to think about
Deepak Shenoy of Capital Mind suggests that investors wait to see how the demergers of Vedanta evolve before making a decision. He believes that the demergers may be a way for the company to sell off individual businesses to repay debt at the promoter group level. Shenoy is not a fan of the demergers, as he believes they are for the convenience of the promoters rather than the company itself.
Infra.Market to buy majority stake in Strata Geosystems for $111 million
The business-to-business (B2B) platform for construction materials plans to fund the acquisition by raising $150 Million from Varde Partners through an issuance of convertible notes, cofounder Souvik Sengupta told ET on Monday.
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