Valuation Financial News

Robert Bates, the founder of the Aquamamma and Aurum+ wellness empire, allegedly told his wealthy investors that “no one has ever lost money investing with me” and he would buy back their shares if companies that were part of the now-collapsed group failed to reach revenue targets.

In an interview with Mint, Niraj Kumar, Chief Investment Officer of Future Generali India Life Insurance Company said while India remains an attractive investment destination for long-term investors given its strong macro fundamentals, the current valuations offer a limited margin of safety. Kumar also talked about the sectors that look attractive at this juncture and how General Elections 2024 will influence the market. The global economy has been witnessing conflicting signals in terms of economic activity and growth.

“On the valuation front (P/BV), NIFTY has seen some time-wise correction and is currently trading at around 1x standard deviation,” says Deepak Ramaraju, Senior Fund Manager, Shriram AMC. In an interview with ETMarkets, Ramaraju said: “Midcaps are the most expensive of the pack, trading at 1.5x of that, and small caps are trading at 1x standard deviation” Edited excerpts:A proud moment for India when Chandrayaan 3 landed on the moon last week. How will India Inc. benefit from these space missions? The unsung heroes.It's indeed a proud moment for the entire nation.

Reliance Industries Chairman Mukesh Ambani on Monday informed investors that the valuation of Reliance Retail rose to Rs 8.28 lakh crore today, from Rs 4.28 lakh crore in 2020. Reliance Industries Ltd (RIL) recently announced that Qatar Investment Authority (QIA) will invest Rs 8,278 crore in its subsidiary Reliance Retail Ventures for a 1 per cent stake. In 2020, Reliance Retail Ventures raised Rs 47,265 crore by selling a stake to various global investors.

Ramp, a developer of financial management software, has raised $300 million in its latest funding round to accelerate expansion in new categories, the company said on Tuesday, notching up a valuation of $5.8 billion. The new funding is at a lower valuation from the $8.1 billion achieved by the New-York based startup in a funding round last year, a spokesperson of the company confirmed. Valuations of financial technology startups have been hit as interest rates remain high and investors fret over a looming economic slowdown, leading to a shift away from cash-burning firms and toward those with greater focus on profitability. The latest funding round was co-led by Thrive Capital and Sands Capital along with existing investors Founder's Fund and General Catalyst among others. Ramp, which offers a corporate card platform used by over 15,000 businesses, was founded in 2019.

Indian market is strong, said Raamdeo Agrawal, Chairman of Motilal Oswal Financial Services in an interview with the Economic Times (ET). "Right now, market trends are a lot dependent on the trends in FII behaviour. When FIIs were buying continuously for 15-20 days last month, it took the Nifty to nearly 20,000.

IBBI) chairman Ravi Mittal has pitched for a “well-structured and comprehensive standards framework” for valuations for stressed firms under the bankruptcy law, which will have international acceptance. “Standardised valuations would enable stakeholders to make well-informed decisions, instil confidence in the resolution process, and maximise value for all parties concerned in the resolution of distressed enterprises,” Mittal said in an IBBI publication.

Barrenjoey’s accounting valuation has taken a slight hit after major shareholder Magellan reduced its carrying value of the investment bank by 7 per cent to $124 million, from $133.2 million a year earlier.

Crypto custody provider BitGo has raised $100 million in a Series C funding round to reach a valuation of $1.75 billion, the firm announced on Wednesday.

The Central Board of Direct Taxes on Wednesday released the 13 page draft form 6C, which will be used to report the inventory valuation in case of special audit of accounts directed by assessing officer. The businesses will also have to provide valuation of raw material, date of purchase, use of the inventory, valuation of by-products and cost of contract by the company.

ESG-flavoured superannuation and investments start-up Future Super has ruled off its series C round, securing fresh capital from new and existing investors at a $225 million valuation.

By Siddhi Nayak

₹74,603.06 crore last week. Of these, HDFC Bank emerged as the biggest laggard as its valuation declined by ₹25,011 crore to ₹12,22,392.26 crore, according to a report published by the news agency PTI. ICICI Bank, Hindustan Unilever, Infosys, and ITC saw erosion in their market valuation while Reliance Industries, Tata Consultancy Services (TCS), and State Bank of India added to their market valuation.

startups are willing to enter into long-term leases for geographically fixed spaces," interim CEO David Tolley said on an analyst call on Wednesday, Reuters reported. WeWork’s business model includes taking long-term leases and renting out spaces for a short term.

(Reuters) -A number of global investors are opting out of Ant Group's proposed share buyback after the Chinese fintech's valuation was slashed by more than 70%, Bloomberg News reported on Monday.

Magellan Financial Group is set to report its annual results next week, giving investors the opportunity to dig into its embattled funds management business. But plenty of scrutiny will be on its most off-piste investment: Barrenjoey Capital Partners.

global investors are opting out of Ant Group's proposed share buyback after the Chinese fintech's valuation was slashed by more than 70%, Bloomberg News reported on Monday. Among the investors not participating in the buyback are Warburg Pincus, Canada Pension Plan Investment Board (CPPIB), Carlyle Group and GIC Pte, Bloomberg said, citing people familiar with the matter.

Canva has added two new investors to its register following an investor secondary transaction, Street Talk understands.

(Reuters) — Brokerage Morgan Stanley (NYSE:MS) on Monday warned that lofty U.S. equity valuations could be questioned by investors if aggressive fiscal spending is curtailed after the downgrade of sovereign debt by ratings agency Fitch last week.

₹1200 crore ($145 million), at a valuation of upto ₹80,580 crore, or $9.8 billion. In its last fundraise round with British International Investment (BII) last year, Mahindra's passenger electric mobility unit, MEAL (Mahindra Electric Automobile Limited) was valued at $9.1 billion. Mint reported in March that Mahindra & Mahindra Ltd was in advanced talks with global investors to raise $1-1.3 billion by selling shares in its electric vehicles (EV) unit in multiple tranches over the next 2-3 years.

Mahindra & Mahindra and Temasek, the Singapore-headquartered global investment firm, have executed a binding agreement for the latter to invest Rs1200 crores into MEAL (Mahindra Electric Automobile Limited), the four-wheeler (4W) passenger electric vehicles company, Mahindra and Mahindra said in a filing to the stock exchanges. Temasek will invest Rs1200 crores in the form of Compulsorily Convertible Preference Shares (CCPS) at a valuation of up to Rs 80,580 ($9.74 billion) crores resulting in Temasek’s ownership of a 1.49% to 2.97% stake in MEAL. ET had reported on the company’s fund-raising plans in its July 10 edition.