'That's less than half of Mumbai's BKC rate!': Uday Kotak after NY tower sells at 70% discount
Property registration in Mumbai have soared to a 12-year high in February. The maximum city that houses over 17.5 million people and witnesses sales of close to 1.54 lakh homes a year, is on a roll of late. Key Points
Business TodayRich Indians lap up $865 million luxury homes in three days
India Business News: India's biggest real estate developer, DLF Ltd., sold all luxury apartments in a $865 million project near New Delhi. The 1,113 residences were sold i Key Points
Times Of IndiaBoney Kapoor and daughters Janhvi and Khushi Kapoor sell four flats in Mumbai for Rs 12 crore
The producer and his daughters sold two flats in Andheri for Rs 6.02 crore to Siddharth Narayan and Anju Narayan. They have also sold two apartments to Muskan Bahirwani and Lalit Bahirwani in a separate deal Key Points
FirstpostVST Tillers Tractors reports modest rise in May sales
The engine equipment manufacturing company sold 3,319 power tillers last month, an increase of 282 units from the same period last year. It had sold 3,037 units in May 2022. Key Points
mintSpider-Man 2 fastest-selling game made by PlayStation
The PlayStation 5 exclusive sold more than 2.5 million copies in its first 24 hours. Key Points
BBC News
Leonardo DiCaprio brings mom to Cannes party, painting of him sold for $1.3 mn
Leonardo DiCaprio attended the Cannes amfAR party on Thursday with his mother. A painting of his by Damien Hirst sold for $1.3 million there. | Hollywood Key Points
Hindustan TimesPriyanka Chopra sells office space in Andheri for ₹7 crore
The property was sold to dentists Dr Nitesh and Dr Nikita Motwani. Madhu Chopra, the mother of the Los Angeles-based actor, carried out the transaction on her behalf, according to documents accessed by Zapkey.com. The purchasers paid a stamp duty of ₹42 crore on the transaction | Mumbai news Key Points
Hindustan TimesStocks in news: Axis Bank, Mankind Pharma, Bank of Baroda, Laurus Labs, Wipro
Mauritius-based Beige Ltd has sold partial stake in Mankind Pharma through bulk deals on Tuesday. The investors have sold about 1.44 crore shares or 3.6% stake at Rs 1,832 apiece, taking the deal value to Rs 2,640 crore. Key Points
Economic TimesExplained: Why foreign investors are reducing domestic stock holdings
Overseas funds sold off $768.4 million worth of Indian shares in a single day last Thursday, marking the largest one-day outflow since June 2022. Key Points
India TodayTVS Supply Chain Solutions sells Circle Express for Rs 21 crore
New Delhi, Sep 29 (PTI) TVS Supply Chain Solutions Ltd on Friday said its wholly-owned arm RICO Logistics Ltd has sold the entire stake in subsidiary Circle Express Ltd, UK, for 2.1 million pounds (about Rs 21.32 crore). The move is designed to boost the company’s profitability and sharpen its focus on core offerings to […] Key Points
ThePrint
Luxury resort on Dubai’s Palm Islands close to selling for $280 million
Anantara The Palm Dubai, a luxurious resort on one of the city’s famous artificial tree-shaped islands, is close to being sold for 1.1 billion dirhams. | Travel Key Points
Hindustan TimesUltra rich drive super-luxe cars in the fast lane
This comes as luxury cars, priced above Rs 40 lakh, are collectively headed for record sales in 2023, having sold an estimated 48,000 units between January and September, surpassing the previous high of 40,000 units sold in the entire 2018. The likes of Lexus, Rolls Royce, Lamborghini, Maybach and Ferrari together sold an estimated 6,800 units between January and September, higher than sales of 6,500 units of cars priced between Rs 75-99 lakh. Key Points
Economic TimesAuto sector: A vroom story with room for more
High festive-season demand helped November notch up India’s largest monthly vehicle sales on record. Not just cars, two-wheelers too. Key Points
mintRevuelto hybrid: Lamborghini’s most expensive model in India sold out till 2026
Priced at Rs 8.89 crore (ex-showroom), its the most expensive model launched in India by the Bologna-based manufacturer. It marks the entry of Lamborghini in the plug-in hybrid electric vehicle segment. The hybrid Revuelto is a much more powerful successor to the Lamborghini Aventador, which was discontinued in 2022. Key Points
Economic TimesD-Street's smallcap rally fades as cautious foreign investors flee
BSE Ltd.s small and mid-cap indexes fell 1.7% and 3.4%, respectively, in the latest month. The declines came as overseas funds sold $2.6 billion of Indian equity in October, on a net basis, their biggest withdrawal since January. Key Points
Economic Times
Rupee falls to 83.2850/USD, lowest in one year
But likely intervention from the Reserve Bank of India (RBI) capped further losses, traders said. The RBI likely sold U.S. dollars near 83.28 levels but the intervention was not aggressive, a foreign exchange trader at a private bank said. Key Points
Economic TimesWest Bengal couple sells baby to buy phone, travels across state for honeymoon
Though the incident came to light on Sunday (July 24), it took place at least one and a half months ago. The couple, identified as Jaydev Ghosh and Sathi, are now in police custody and the baby has been rescued. Key Points
India TodayPiramal Capital to sell more loans for Rs 1,669 crore
This is the second loan that the company is looking to sell in less than 10 days. It had also sold a total loan outstanding pool of ₹3,656 crore to Omkara ARC for ₹625 crore last week. The sale resulted in a recovery of 17%s for Piramal. The principal outstanding of the pool was ₹3,656 crore as of May 15, 2023 and spread across 7-8 accounts. Key Points
Economic TimesByju’s promoters have sold shares worth $408.53 million since 2015: PrivateCircle
Since 2015, founder and CEO Byju Raveendran individually sold 29,306 shares worth $3.28 million, whereas his wife and co-founder Divya Gokulnath sold 64,565 shares worth $29.40 million, and brother Riju Ravindran sold 337,911 shares worth $375.83 million. Key Points
Economic TimesThis license plate breaks world record, sells for a whopping ₹122.6 crore!
A VIP car number plate with the designation ‘P 7’ was sold for a staggering 55 million dirhams, approximately equivalent to ₹122.6 crore. This sale set a new Guinness World Record for the most expensive number plate ever sold. Key Points
mint/cloudfront-us-east-2.images.arcpublishing.com/reuters/KDSV4EBQDBMDDMLLGEPV2DW77E.jpg)
Toyota's global sales rise 5.1% to 4.9 mln in first half of 2023
Japanese automaker Toyota Motor (7203.T) said on Friday it sold 5.1% more vehicles in the first half of 2023 compared with the same period a year earlier, helped by an easing of semiconductor supply constraints and especially stronger demand in Japan. Key Points
ReutersBain Capital sells 1.1% stake in Axis Bank for over Rs 3,700 cr; FPIs among buyers
This is the second time in 2023 that Bain Capital has sold a stake in the private sector lender. In June, it had sold a 0.7% stake in Axis Bank at an average price of Rs 968 apiece, aggregating Rs 2,178 crore. Prior to this, the private equity firm had sold a 1.2% stake in October 2022. Key Points
Economic TimesStocks in news: Inox Wind, Coal India, 360 One Wam, SBI Life, IRCTC
Promoters Inox Wind Energy and Devansh Trademart have sold 4.5% and 2.8% stake each in Inox Wind through block deals at a weighted average price of Rs 208 a piece. Key Points
Economic TimesBTS' Jungkook's Seven music video coffin sold out! Fans react with hilarious comments
Fans are amused by the fact that the coffin brand used in Jungkooks music video of Seven is a bestseller. Heres what they are saying. Key Points
Economic TimesAdani Enterprises, Adani Green witness stake sale of ₹8,372 crore; GQG Partners invests ₹1,100 crore
Adani Group has sold stakes worth ₹1,099.80 crore to US-based GQG Partners and other investors. Adani Green Energy and Adani Enterprises were the companies involved in the deal. Key Points
mint
Piramals to exit Shriram Finance, sell 8.3% stake
The development comes a day after TPG India Investments II sold its entire 9.92 million shares or 2.65% stake in the company. Key Points
FinancialexpressMaruti aims for half a million in SUV sales
Maruti Suzuki, India's largest carmaker, aims to sell nearly 500,000 vehicles in FY2023-24 to become the top-selling brand in the Indian sports utility vehicle (SUV) segment. The company plans to double its volumes from the previous year and gain market share in the SUV segment, which currently makes up 40% of passenger vehicle sales in India. Maruti Suzuki already has 194,000 pending orders for its SUV range, including the Brezza. The automaker aims to increase its existing 17.5% market share in the segment to 25% by introducing new products, including compact SUVs Fronx and Jimny. Key Points
Economic TimesTPG Global exits Campus Activewear; sells 7.6% via block deal
The companys initial public offer (IPO) was entirely a secondary share sale worth Rs 1,400 crore. Ahead of the IPO, TPG Global held 5.32 crore shares in the company, or 17.19% stake in the company as on 31 March 2022. TPG sold 3 crore shares in the IPO. Key Points
Economic TimesBulk Deals On May 10: Manappuram Finance, others exchange hands; Check buyers & sellers
BNP Paribas Arbitrage sold a total of 7,518 shares of Manappuram Finance at an average price of ₹116.50. Key Points
mintFull list of sold, unsold players, IPL Auction 2024: Cummins, Mitchell costliest
IPL 2024 Auction, Full List of sold and Unsold Players: Cummins became IPL's costliest player (20.5 crore) while Mitchell came close with 14 crore. | Cricket Key Points
Hindustan Times
View: India’s EV revolution is driven from the bottom up
India's urban landscape is rapidly evolving, especially in its bustling cities. A decade ago, the iconic auto-rickshaws were predominantly diesel-powered, with electric versions being a rare novelty. Fast forward to today, and Delhi leads the charge in transitioning to battery-powered three-wheelers, capturing 54% of the market. This shift is driven by the cost-effectiveness and efficiency of electric models, prompting even Uber's CEO to explore the trend. The financial allure of electric vehicles extends beyond three-wheelers, with manufacturers now eyeing the two-wheeler market. This shift, if replicated, could significantly impact India's oil demand, especially in the face of rising fuel prices. Key Points
Economic TimesStocks in news: Entero Healthcare, YES Bank, Alpex Solar, Max Financial, UPL
Global private equity major Carlyle Group on Thursday sold 1.4% stake in private sector lender YES Bank for approximately Rs 1,057 crore. Key Points
Economic TimesGlobal funds sell most India stocks since 2022 post record rally
Global funds sold $2.4 billion of Indian shares on a net basis last week, the most since June 2022. They sold another $374 million on Tuesday, according to provisional data, as trading resumed after Mondays surprise trading holiday announcement. Key Points
Economic TimesVanguard sells stake in joint venture with China's Ant
U.S. mutual fund issuer Vanguard Group said on Tuesday it had sold its stake in a joint venture with Chinese fintech giant Ant Group, hastening its retreat from the world's second-biggest economy. Key Points
ReutersStocks in news: Airtel, Adani Transmission, HDFC Bank, Ultratech Cement, TVS Motor
Promoter entity Fortitude Trade and Investment has sold its entire stake in Adani Transmission Ltd for about Rs 2665 crore through bulk deals on Friday. Meanwhile, GQG partners has bought a stake worth Rs 1,676 crore in the company. Key Points
Economic Times
SGX Nifty down 10 points; here's what changed for market while you were sleeping
Foreign portfolio investors were net buyers for the second straight day at Rs 1,714 crore. DIIs net sold shares worth Rs 654 crore on Wednesday. Key Points
Economic TimesBulk Deals on May 18: BLS International, JK Tyre, others, exchange hands; check buyers, sellers
According to NSE data, Diwakar Aggarwal sold 1,12,00,000 shares of BLS International Services Ltd at an average price of ₹175.24. Key Points
mintHyundai plans to discontinue sales of diesel sedans in India
Sales of diesel vehicles in the passenger car segment, which comprises hatchbacks and sedans, currently stand at 1.4% (April-February FY23), down from 11.4% in FY20, shows data from industry body Society of Indian Automobile Manufacturers (SIAM). Among peers, Maruti Suzuki, Skoda-VW, Renault-Nissan completely exited the diesel vehicle segment in the local market during the transition to BS-VI standards in April 2020. Hyundai, however, said it will continue to produce diesel variants for its SUV range. Key Points
Economic TimesRest of 2023 is going to be a stock picker's market: Gautam Shah
I think that the trend is clearly down. Pullback rallies should be sold into. This has been the stance for the last two and a half months and it remains. So do not get carried away with the uptick. I think that is the advice that we are putting out to our clients as well. Key Points
Economic TimesNandan Nilekani's NRJN Family Trust sells Bengaluru residential asset for ₹55 crore
The property, spread over 9,488 sq ft, is located at 3rd Cross, 3rd Block, Koramangala and was sold to V Seetha, the wife of C Valliappa, an industrialist and the founder of the Sona Valliappa Group (an extension of The Sona Group). NRJN was represented by Sreepriya Nellicherry Sivaraman. The deal was registered on January 30, per the registry document shared by Zapkey. Key Points
Economic Times
Salaar advance booking: Prabhas film collects ₹1 cr, sells 51K tickets in India
The total tickets sold for Salaar are 51280, total shows are 867 and the total amount stands at ₹1.05 crore. Salaar has been produced by Vijay Kiragandur. Key Points
Hindustan TimesSunny Deol's Gadar 2 advance booking at single screens even bigger than Shah Rukh Khan's Pathaan
Advance booking for the highly anticipated film ‘Gadar 2’ is selling out quickly, with over 1.41 lakh tickets already sold for its first day. ‘Gadar2 advance booking at single screens even bigger than Pathaan’ Key Points
mintView: Why collect Ferraris when you can own a T. Rex?
This week, a winged Pteranodon skeleton will go under the hammer at Sothebys where its estimated to fetch up to $6 million. Although technically not a dinosaur, around half a dozen dino fossils have sold for at least that amount since 2020. Key Points
Economic TimesPromoters cash in on rally, offload company shares
On June 30, promoters of air-conditioning generator manufacturer TD Power Systems sold 37.7 million shares for ₹835 crore. Shares of TD Power rallied 8% in the last three months and 20% in the last one year. Key Points
Economic TimesDispute over a Picasso: Is 'Madame Soler' looted art?
The heirs of Paul von Mendelssohn-Bartholdy want the painting back but the Bavarian State Painting Collections sees itself as the rightful owner. An unresolved restitution case with a bitter aftertaste. Key Points
Hindustan Times
Rs 10,500 cr sell-off in just 3 days! FII dollars exit Dalal Street at a fast pace; who’s the culprit?
FIIs net sold shares worth Rs 10,556 crore in the secondary market in just three sessions last week. Last week, January 22 and 26 were public holidays. Such was the sell-off last week, that it made for one-third of the total outflows seen in domestic equities so far in January. Key Points
Economic TimesSerum Institute's Adar Poonawalla to buy most expensive mansion in London: Report
The mansion, Aberconway House, is a significant 1920s property located near Hyde Park and is expected to be sold for a minimum of Rs 1,444.4 crore. Key Points
India TodayZomato block deal alert: Alipay said to have sold 29 crore shares; stock up 4%
Alipay, owned by Ant Group, was looking to offload its entire 3.44% stake in Zomato, according to reports. A confirmation will come only in the evening when bourses release block and bulk deals data. Key Points
Economic TimesWarren Buffett’s Berkshire books Rs 630-crore loss after holding Paytm shares for 5 years
According to Paytm parents red herring prospectus, Berkshire had acquired 17,027,130 shares of the company and the average cost of acquisition was Rs 1,279.70 a share. Berkshire then sold a part of its holding in the initial public offering of One 97 Communications in 2021. Key Points
Economic TimesBharat Atta sale kicks off ahead of Diwali; wheat flour to be sold at subsidised rate. 5 points
Centre has launched the Bharat Atta scheme ahead of Diwali festival, selling wheat flour at a subsidised rate of ₹27.50 per kg. Key Points
mint
Realtors put a lock on festive offers amid high demand
As per industry reports, residential sales in India are projected to achieve a record high in 2023, as developers anticipate selling more than 500,000 housing units by the year's end. According to data analytics firm PropEquity Data, in 2022, developers in the top seven cities sold 464,849 units. In the first nine months of this year, they have already sold 372,961 units. Key Points
Economic Times