JITEN DOSHI
Union Budget 2024 may see Modi government fasttracking reforms to focus on unfinished agenda from previous term
Budget 2024: Market experts predict Prime Minister Narendra Modi’s third term will prioritize unfinished reforms from his previous tenure. The Union Budget 2024-25 is expected to focus on boosting income opportunities, rationalizing taxes, driving the capex cycle, and supporting self-dependency through import substitution. Fiscal consolidation remains a key objective, targeting a deficit reduction to below 4.5% of GDP by 2025-26.
ETMarkets Smart Talk: Union Budget 2024 likely to focus on fiscal discipline, tax rationalization & driving capex cycle: Jiten Doshi
While the market did react sharply to a scare of discontinuity against single-party-majority system which we witnessed for the last decade, it soon corrected upon assessing the construct of the new coalition and the structure of cabinet which clearly drives on a dominant thread of continuity in the core ministerial council and portfolios – giving market a comfort on no possible diversion from the expected policy path when it comes to economy and capital markets.
ETMarkets Smart Talk: There's high interest in Indian market among global fund managers; Jiten Doshi decodes FII behaviour
Foreign institutional investors base their decisions on factors like benchmark composition, market ownership, growth, returns, and valuation attractiveness. Initially cautious about India due to high valuations, they show interest despite concerns. Many investors favored China and other emerging markets over India but are now reassessing their investments in light of market dynamics.
ETMarkets Fund Manager Talk: Why this $4-billion asset manager is a perma-bull on Indian equities
"One of our core investment beliefs is that reversion-to-mean is nature’s law. To put simplistically - cycles do exist, almost everywhere. They vary in timing and frequency. Mid and small cap segments have gone through a long phase of underperformance as against their larger peers over the last few years. Midcaps demonstrate a higher vulnerability to the economic environment as well as market sentiments."
Bollywood producer Renu Chopra buys luxury apartment in Mumbai’s Bandra for Rs 48 crore
The deal values the apartment on a carpet-area basis at Rs 1.51 lakh per sq ft, pushing it in the tally of the country’s most expensive transactions for a residential apartment. The deal can be counted as an outlier as the rate is higher than the ongoing range of Rs 85,000 to Rs 1 lakh per sq ft in the vicinity.
Mukesh Gandhi buys luxe duplex for over Rs 50-crore in Mumbai's Khar
Gandhi continues to be a key shareholder of Angel One, the listed company of Angel Broking, holding nearly 6% stake in the company. The deal values the apartment spread over 5,555 sq ft at over ₹90,000 per sq ft.The apartment is on the top floors of luxury project Newlight, which is a 16-storey development comprising two residential towers of 12 storey, each built on 4 levels podium parking and lifestyle amenities.
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Dream11 co-founder's wife Rachana Jain buys luxury duplex in South Mumbai for Rs 72 cr
While this is a single amalgamated duplex on the 29th and 30th floors, the apartments in the north and south wing of the tower have been registered separately. These apartments have been amalgamated with permission from the Municipal Corporation of Greater Mumbai.
Pooja Dhoot, wife of Videocon heir, buys luxury duplex in South Mumbai for Rs 52 crore
The project has witnessed several record-setting transactions in the last few months. In December, the Motilal Oswal family trust bought two duplex apartments spread over 6,800 sq ft on the 13th and 17th floors of the same high-rise building for Rs 101 crore. Dhoot has purchased the apartment in the 33 South project from two subsidiaries of the JSW Group, Peddar Realty and JSW Steel.
JSW Energy CEO Prashant Jain buys Rs 45-crore duplex in South Mumbai
In March, Enam Asset Management Company’s cofounder, Jiten Doshi, bought two luxury duplex apartments in this project for Rs 61 crore. These transactions had attracted a stamp duty of Rs 1.83 crore as they were registered during the period when the Maharashtra government had offered a cut in stamp duty.
Stocks in the news: Lupin, BHEL, Ruchi Soya, Adani Total Gas, Coal India, BEML and Reliance Power
Leading exchanges BSE and NSE will suspend trading in the shares of Dewan Housing Finance Corporation Ltd (DHFL) with effect from Monday.
Enam’s Jiten Doshi raises corporate governance concerns at Sun TV
The company’s board only paid an interim dividend of Rs 5 per share, announced post March quarter earnings for the financial year ended March, 2021.
Sun TV management faces investor ire over sharp cut in FY21 dividend
Narayanan responded that the commission payouts have been unchanged in the past four years. Promoters Kalanithi Maran and his wife Kavery are the highest-paid executives in India. The couple took Rs 175 crore in FY20 and a similar amount in FY21.
Enam AMC's Co-founder Jiten Doshi buys two South Mumbai luxury apartments for Rs 61 cr
The apartments with views on both the sea and city sides are on the 27th and 28th habitable floor of the 33 South Condominium tower.
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