Is it time to book profits or invest more? Ajay Bagga answers

During the current fiscal year ending March 31, 2023, only nine companies have raised ₹7,619 crore via QIPs, compared to ₹28,532 crore in FY22, according to data from the primary market tracker Prime Database. In FY21, 31 companies raised ₹78,045 crore through this route, while in FY20, 13 companies garnered about ₹51,216 crore, the data showed.

So, investors should be aware that just because India is doing well, it doesn't mean that markets will continue to move only in one direction. As an investor, you must focus on quality, buy good companies run by good managers and those available at a good price. Retail investors have the luxury of taking a longer term view. They don't have to worry about 6-12 months performance or the volatility and so on and so forth.

The central government will spend Rs 10 lakh crore on longer term capital expenditure in 2023/24, extending a strategy adopted to revive growth in the aftermath of the Covid crisis.

News and developments from the week gone by, through numbers and charts.

Kravis spoke to Arijit Barman on a range of topics that included US jobs and capital markets and the impact on deal-making, exits, PE consolidation and where in India KKR, one of the world's biggest private equity firms, will make the next big investment. From cyber security to data centres and financial services and AI, the scope is broad. If India can be a low-cost and efficient producer and the infrastructure and red tape continue to get better, Kravis is confident the economy will attract more overseas investment.

India Business News: Indian investors saw a significant rise in wealth in FY 2024, with BSE market cap soaring. Despite global challenges, India's market showed resilience

The four public sector general insurance companies are unlikely to get capital funding from the government in the current fiscal, a senior official said. He said one of the PSU non-life insurance companies is likely to give a dividend to the government in the current fiscal and they will be able to meet their solvency margins.

Union budget 2024: The government is expected to continue prioritizing capital expenditure, particularly in the infrastructure sector, in the upcoming Budget to drive economic growth. The government has allocated a record high of Rs 10 lakh crore for capex during the current financial year, with a consistent increase. The upcoming Budget is expected to allocate a substantial amount for capital expenditure, as it has a multiplier effect on the economy and attracts private investment.

The RBI had hiked rates six times in a row before it decided to pause. The impact of those rate hikes is not believed to have percolated to the ground. That strengthened the case for a pause. There have been fears of overtightening and hurting growth. In the previous MPC meeting two members had outlined these concerns.

GeM is a symbol of the speed with which PM Narendra Modi has taken the country forward through modern technology, said the minister.