Meet JP Taparia, the man who bought triplex worth Rs 369 crore in Mumbai; Know about his life, career & net worth
The deal values the triplex with a total area of 27,160 sq ft at nearly Rs 1.36 lakh per sq ft. Key Points
FinancialexpressBuying by promoters hints at likely upside for these stocks
For instance, promoters of Dhampur Sugar bought 10.35 lakh shares of the company worth ₹22 crore in May. The company registered strong numbers for March, with revenue growing 43% year-on to ₹759 crore and EBIDTA margin rising by 100 bps to 13.8%. It has also reduced debt consistently in the last four years from ₹1,824 core in FY18 to ₹744 in FY23. Key Points
Economic TimesFPI buying in Indian shares hits 6-month high in first half of May: NSDL
Foreign portfolio investors (FPIs) extended their buying streak in Indian equities in the new financial year, having bought shares worth 249.39 billion rupees on a net basis in the first half of May, National Securities Depository Ltd (NSDL) data showed on May 22. Key Points
The HinduAlia Bhatt goes home shopping in Bandra, buys Rs 37 cr house in Pali Hill & gifts 2 apartments to sister S
Bollywood actress Alia Bhatt bought the Rs 37 crore house in Bandra's Pali hill through her production banner Eternal Sunshine Production and paid a stamp duty of Rs 2.26 crore. Gold Street Mercantile Company sold the property. Key Points
Economic TimesMarkets end flat in volatile trade amid weak trends in global equities
Foreign Institutional Investors (FIIs) were net buyers on Monday as they bought equities worth Rs 2,123.76 crore, according to exchange data. Key Points
Financialexpress
Markets climb in early trade on continuous foreign fund inflow
Benchmark indices extended their winning run on May 9, in the morning, helped by continuous buying from foreign institutional investors and on signs that recession fears in the U.S. are easing. Key Points
The Hindu185 outsiders bought land in Jammu and Kashmir in last 3 years: Govt
As per the information provided by the government of Jammu and Kashmir, a total of 185 people from outside the Union Territory of Jammu and Kashmir have bought land in the UT during 2020, 2021 and 2022, he said replying to a written question. While, one person bought land in 2020, 57 bought in 2021 and 127 in 2022, he said. Key Points
Economic TimesIn relief for Vi & Adani, DoT mulls waiving 5G minimum rollout fine
While Vodafone Idea had bought spectrum in the 26 GHz band as well as in the mid-band (3300-3600 MHz), Adani bought airwaves only in the 26 GHz band. Vodafone Idea bought mid-band spectrum in 17 circles and 26 GHz airwaves in 16 circles whereas Adani bought spectrum in six circles. Key Points
Economic TimesMumbai's electoral bond love: 66 companies collectively bought Rs 1,344 crore of poll bonds since 2019
66 companies from Mumbai region bought electoral bonds worth Rs 1,344 crore since 2019, 11% of India's total poll bonds sold. Small businesses participated, Maharashtra's share was Rs 1,562 crore. Pune, Nashik, Kolhapur made contributions. Analysis excluded Mumbai individuals' bond purchases. Key Points
Economic TimesI like a stock which goes Rs 50 up and Rs 40 down and Rs 100 up and Rs 80 down: Vijay Kedia
Vijay Kedia, has sold his shares in Canara Bank, Federal Bank and BOB to invest in midcap illiquid stocks. He also disclosed his investment in airline stocks, particularly IndiGo, which he believes is a sunrise industry despite the unpredictable cost of oil. Kedia remains invested in Vaibhav Global despite a 70% fall from its highs, citing his investment approach of chasing the story behind a stock rather than focusing on money. He also highlighted the emergence of infrastructure companies as a new sunrise industry. Key Points
Economic Times
Bulk deals: Cell Point (India), Olectra Greentech, Ideaforge Techno sees large buying and selling; details here
Bulk and block deals were seen in stocks like Cell Point (India), Olectra Greentech, Ideaforge Techno, Time Technoplast, Reliance Power, and Sunteck Realty. Foreign investors have picked up stakes in Olectra Greentech, Ideaforge Techno, and Time Technoplast. Key Points
mintLooking for anti-consensus ideas? Jyotivardhan Jaipuria says only 2 sectors left
“Pharma had been going through bad times for the last 18 months in terms of stock price. Earnings were not that great but will turn around and that is one segment where we are playing. IT is also there. It is coming on our horizon after a long time. Because we have been underweight on this for quite some time, like we used to say, buy local, avoid global.” Key Points
Economic TimesTata Tech among 6 IPOs where mutual funds invested in November
Aditya Birla Sun Life MF, Axis MF, DSP MF, Franklin Templeton MF, ICICI Prudential MF, Kotak MF, Nippon India MF, Motilal Oswal MF, Mirae, Sundaram, JM and SBIMF shopped for Tata Tech, a Nuvama report said. They added shares worth Rs 1,120 crore. Key Points
Economic TimesRBI buys $7.37 bn in spot forex market in May- Bulletin
The Reserve Bank of India (RBI) bought $7.37 billion in the spot foreign exchange market in May, showed data released on Monday as part of the central bank's monthly bulletin. The RBI did not sell any dollars in the reported month, the data showed. In April, the central bank had bought a net of $7.70 billion in the spot market. Key Points
Economic TimesIndia central bank buys $7.37 bln in spot forex market in May
The Reserve Bank of India (RBI) bought $7.37 billion in the spot foreign exchange market in May, showed data released on Monday as part of the central bank's monthly bulletin. Key Points
Reuters
Contra Bet! MFs bought 1 crore Infosys shares in May when FPIs stayed underweight on IT pack
Mutual funds have bought shares in Infosys, with ICICI Prudential AMC purchasing Cognizant Technology Solutions, Aditya Birla Sun Life AMC purchasing Wipro, and Mirae Asset Management buying Coforge last month. Although the mutual funds were inclined to overweight on the IT sector, risks of further earnings downgrades remain. While some investors argue that a slowdown is already priced into the shares, a weak earnings outlook from US major Accenture Plc persists, which quoted challenging global macroenvironment, clients curbing discretionary spending, and reduced annual growth guidance for the second time. Key Points
Economic Times$3.7 billion inflows: Here's what FPIs bought & sold in July
Persistent FPI inflows have supported the rally in the blue-chip Nifty 50 and S&P BSE Sensex, driving the benchmarks to record highs. The Nifty 50 rose nearly 2% in the first half of July. Key Points
Economic TimesInside Jeff Bezos's Beverly Hills house: basketball court, swimming pool, tennis court and many more thing
Amazon CEO Jeff Bezos bought this expansive Beverly Hills house in February 2020 from media mogul David Geffen for $165 million. The renovation work was stopped for a brief period in 2023 after the permission for a new 'game court fence' was denied on technical grounds. Know in detail. Key Points
Economic TimesPoonawalla Fincorp, Dixon Tech, RHI Magnesita among top 20 stocks shopped by MFs in April
Indian mutual funds increased their holdings in midcap and smallcap stocks across various sectors following the recovery that the domestic equity market saw in April. The S&P BSE Midcap and Smallcap indices net gained 6% and 7.3%, respectively, outperforming the Sensex. Some of the top midcap buys included Star Health Allied Insurance, Poonawalla Fincorp, Dixon Technologies, GMR Airports and Piramal Enterprises, while the top smallcap buys included PNB Housing Finance, RHI Magnesita, Mastek and Eureka Forbes. Mutual funds have been increasing their ownership in these stocks consistently over the last few months. Key Points
Economic TimesAdah Sharma on if she bought Sushant Singh Rajput’s apartment: 'I got overwhelmed'
Adah Sharma was asked whether she actually bought Sushant Singh Rajput’s Mumbai home. This is what she said about the media attention on the matter. | Bollywood Key Points
Hindustan Times
5 most expensive homes of Bollywood stars: From Shah Rukh Khan's Mannat to Ranbir Kapoor's Vastu
Luxury, magnificence and status- some of the words that best define these homes of Bollywood stars. Let us take a look. | Bollywood Key Points
Hindustan TimesRivals Turn Partners: Adani, Ambani Sign ‘Power-Pact’ | What Brought Them Together? | Details
As per exchange filings, Mukesh Ambani’s Reliance has picked up a 26% stake in Adani Power’s project in MP. The pact has been signed to use the plant’s 500 MW of electricity for captive use. This stake has been bought in the form of stocks with face value of Rs10 at par ( Rs50 crore). This will allow reliance use of 500 MW of generation capacity for captive use, as per the filings of both firms in separate stock exchange filings. But why did Adani and Ambani who have often been portrayed as business rivals shake hands? Watch this video to find out. Key Points
https://www.livemint.comTitan sub victim Paul-Henri Nargeolet’s lavish home up for sale, it costs…
Paul-Henri Nargeolet, known as Mr. Titanic, bought the 2.74-acre property for $1.5 million back in January 2022 Key Points
Hindustan TimesJeffrey Epstein's infamous ‘Paedophile Islands’ to be turned into resort: 5 things to know
Convicted sex offender Jeffrey Epstein's controversial islands in the Caribbean, known as 'Paedophile Islands', will be turned into a resort by billionaire Stephen Deckoff. The islands were bought for $60 million in May 2023 and will feature 25 rooms, multiple pools, and guest villas. Key Points
mintRs 1.76 lakh crore bet! India sees highest-ever FPI inflows in rupee terms in 2023
In December, FPIs bought shares worth more than Rs 58,498 crore, the highest purchase by them in a month since November 2020. In November 2020, they had bought shares worth Rs 70,896 crore. Key Points
Economic Times
Markets rally for 2nd day on buying in IT stocks, fresh foreign inflows
Tata Consultancy Services, HCL Technologies, Tech Mahindra, Infosys, Bajaj Finance, NTPC, Mahindra & Mahindra and Bajaj Finserv among major gainers. Benchmark equity indices ended with gains on Thursday as sentiments turned buoyant amid fresh foreign inflows and buying in IT counters. Key Points
The Tribune IndiaWhat India's top mutual fund houses bought, sold & completely exited in October
The Nifty Pharma index is trading at a price-to-earnings multiple of 31, lower than its five-year average of 36. Fund managers bought into stocks like Aurobindo Pharma, Cipla, Pfizer, Lupin, JB Chemicals, Alkem, and Syngene International. Key Points
Economic TimesIndian shares set to open lower on Middle East tension, US rate jitters
Indian shares are set to open lower on Wednesday, as intensifying conflict in the Middle East and worries of a prolonged high interest rate regime after a better-than-expected U.S. retail sales data hurt sentiment. Key Points
ReutersPromoter entity Jamnagar Utilities likely bought 5 crore shares of Jio Financial: Report
Earlier, domestic fund house Motilal Oswal MF bought 3.72 crore shares in the NBFC in bulk deals on Friday. The transaction was done at Rs 202.8 apiece, taking the deal value to about Rs 754 crore, according to exchange data. Key Points
Economic TimesAuto, pharma stocks offering margin of safety top funds' buy list in July
Shares in the pharma and automotive sectors were among those that fit the bill. Fund managers lapped up pharma given the recent underperformance, lower input prices and attractive valuations. With first-quarter results encouraging, they bought into stocks like Dr Reddy's Laboratories, Aurobindo Pharma, and Suven Pharmaceuticals. Key Points
Economic Times
Bulk deals: Eicher Motors, SpiceJet, Syrma SGS Technology others exchange hands; Check buyers & sellers
According to data on BSE, Nuvam Wealth Finance Limited offloaded 6,840,000 shares of budget airline SpiceJet at an average price of ₹24.88. Key Points
mint