Addition of Bisleri to its portfolio may catapult TCPL to unquestioned leadership in the organised packaged water market ahead of Coca Cola’s Kinley and PepsiCo’s Aquafina. Bisleri has a 32% share of the ₹8,000-crore organised packaged water market.
Among the others interested in the company, with a hotel property in Mumbai’s Powai, are large alternative asset funds such as Oaktree, Kotak Investment Advisors and asset reconstruction companies.
The minutes of the US Federal Reserve that hinted at slower and smaller future rate hikes boosted sentiment on the last day of November contracts gaving a fillip to the market with the Sensex closing above 62,000 for the first time ever. Traders are also pinning hopes on the seasonality Continue Reading
Formulating monetary policy has become more challenging in the current environment because of data lags and also frequent reviews, Patra said. “On the basis of data one month and three months ago, I will have to assess what inflation and growth are going to be one year down the line,” Continue Reading
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The gains came on the back of a dovish view offered by the US Fed officials in the minutes of their November meeting on future rate hikes. This boosted risk appetite and pulled down bond yields, which further lifted the rate-sensitive sector.
“We were critical of valuations (of new age tech companies) even back then and even where they sit today we continue to remain sceptical. This is a complex world for a retail investor. Somebody has to take their side now. Keeping retail in mind, the valuations that were offered to Continue Reading
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However, the volatility in equity markets this year, triggered by the hawkish monetary policy measures by central banks amid spiralling inflation have seen stocks in this space lose some sheen.
Fino Payments Bank, is a wholly-owned subsidiary of Fino PayTech, which is engaged in providing business and banking technology platform-based solutions and services related to financial inclusion.
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