india

Builder held for duping investors of ₹38 lakh

He promised plots on Ajmer-Jaipur Road A 40-year-old builder has been arrested from Jaipur for allegedly duping investors of ₹38 lakh on the pretext of giving them plots on Ajmer-Jaipur Road, the police said on Wednesday. The accused, Anil Kumar Sharma, is the chief managing director of a construction firm he started in 2000 in […]

cities

Pune’s DS Kulkarni case: Justice in slow lane, investors in a jam

It has been 15 months since Pune-based real estate developer Deepak Sakharam Kulkarni, popularly known as DSK, is behind the bars. The arrest of self-made billionaire, who is looking frail these days during the court proceedings, may have initially cheered hundreds of investors who are awaiting their hard-earned money, but the long and complicated legal […]

india

Jet: different journeys for different investors

Though debt-laden and staring at oblivion, the airline can still add value to buyers Even as lenders have kick-started the process of selecting a bidder for Jet Airways, the carrier is reporting a daily loss of more than ₹20 crore with sharp erosion in cash flows, company officials said. While Jet’s promoter Naresh Goyal has […]

india

Rupee opens marginally higher against US dollar

Meanwhile, the benchmark BSE Sensex rose 83.10 points, or 0.22 per cent, to 38,178.17 in early trade. The rupee edged 2 paise higher to 68.51 against the US dollar in early trade Tuesday ahead of the Federal Reserve’s policy meet. Besides the greenback’s weakness against some currencies overseas, increased selling of the American currency by […]

india

Wary investors stay clear of IPOs in volatile markets

Garden Reach extends IPO closure date, lowers price band to get fully subscribed The underlying weakness of the secondary markets and increased volatility have taken a toll on the primary market with two issues, including a government-backed offering, facing difficulties in getting fully subscribed. Garden Reach Shipbuilders & Engineers — a public sector undertaking and […]

india

SEBI revises KYC norms for foreign portfolio investors

The Securities and Exchange Board of India (SEBI) has announced the revised guidelines for know your client (KYC) requirement for foreign portfolio investors (FPIs) allowing non-resident Indians (NRIs), resident Indians (RIs) and overseas citizens of India (OCIs) to be part of such FPIs investing in India. Such NRIs, OCIs and RIs can be part of […]

india

Perception matters for investors

Tamil Nadu needs to strive to regain the ‘destination-of-choice’ status None can miss the drift. The drift is hurting. A sense of hesitation is palpable. And, the confidence is a bit on the negative side. All these have combined to demand a quick turnaround in the ground situation for Tamil Nadu to recoup its pre-eminent […]