Partha Sinha

Adani to exit Wilmar Joint Venture, to sell 44% in FMCG company for $2 billion

Dec 31, 2024The Adani Group is selling its 44% stake in Adani Wilmar to Wilmar International for $2 billion, shifting focus to its core infrastructure business. This deal marks the end of Adani's 25-year foray into staples, following US accusations of securities fraud against Gautam Adani.

How India moved to a more atma nirbhar stock market

Dec 28, 2024The Indian stock market is becoming more self-reliant with increased investments from mutual funds and domestic investors

Bollywood-backed realtor Lotus looks at Rs 1,000 crore IPO

Dec 23, 2024Bollywood luminaries, including Amitabh Bachchan, Shah Rukh Khan, and Hrithik Roshan, have acquired stakes in Sri Lotus Developers & Real Estate ahead of its anticipated IPO. The Mumbai-based luxury real estate developer recently raised approximately ₹407.6 crore through a private placement of shares, with prominent figures from the financial sector also participating.

Trump presidency seen as mixed bag for Indian markets

Nov 7, 2024Economists and market analysts believe that a return of Donald Trump to the White House could bring both opportunities and challenges for the Indian market. While some sectors like software and pharmaceuticals might benefit, others could face tariff barriers. Despite potential volatility, India is expected to attract foreign investment due to its favorable policies and the 'China +1' strategy.

Silver outshines gold for first time in festive season

Oct 31, 2024This Dhanteras saw an unprecedented surge in silver sales, overshadowing gold for the first time due to soaring gold prices. Silver sales increased by 30-35% despite a 40% price hike. The demand was driven by the affordability compared to gold and anticipated industrial use, especially from the electric vehicle sector.

Sebi U-turn: Pulls note blaming 'external elements' for staff stir

Sep 17, 2024Sebi withdrew its Sept 4 press release after employees protested, claiming it contained incorrect information about their grievances and salaries. The employees had earlier complained to the finance ministry about a toxic work culture under chairperson Madhabi Puri Buch. Sebi now plans to address these issues internally with high governance standards.

Sebi backtracks on September 4 release that blamed ‘external elements’ for staff agitations

Sep 16, 2024Sebi withdrew its September 4 press release after employees protested against alleged inaccuracies. Employees had earlier written to the Finance Minister, criticizing the management culture under chairperson Madhabi Puri Buch. Sebi stated that it will address these internal issues amicably and in accordance with high governance standards.

D-St to track US Fed’s rate decision this week

Sep 16, 2024Dalal Street investors are eagerly awaiting the US Federal Reserve’s Sept 18 meeting, which could influence global markets. The Bank of Japan’s interest rate decision and Bajaj Housing Finance’s listing will also impact market sentiment. Investors are also anticipating WPI numbers and several IPOs in the coming week.

'Malicious narrative': Sebi chief & husband dismiss Congress allegations

Sep 14, 2024

Sebi chief counters Congress allegations, says malicious narrative based on illegally obtained IT returns

Sep 13, 2024Madhabi Puri Buch, Sebi chief, and her husband Dhaval have issued a detailed rebuttal against Congress Party's allegations of conflict of interest. They clarified relationships with entities like ICICI Bank and Pidilite, stating that the accusations were based on illegally obtained income tax returns and maliciously distorted facts to mislead the public.