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Mumbai: Private equity firm Faering Capital has acquired a $30 million stake from Multiples Alternate Asset Management and others in Vastu Housing Finance Corp., the two firms said on Thursday. The transaction is a secondary sale by funds managed by Multiples Alternate Asset Management and other shareholders of the company, the company said. “Housing finance and specifically affordable housing are multidecadal opportunities in India.

NEW DELHI : Jindal Stainless Ltd does not see the Israel-Hamas conflict impacting its exports to Europe, US, and other geographies much and says that global demand is set to improve from the fourth quarter of the current fiscal. The company, which exports about 20% of its total produce to Europe and America, also expects the domestic demand for stainless steel to remain robust despite the elections. For this, the company is working on expansion plans to meet the rising demand, Abhyuday Jindal, managing director of JSL, said in an interview.

₹35.65 crore in Q2 FY24 against a loss of ₹6.04 crore in a year ago period. (More to come)"Exciting news! Mint is now on WhatsApp Channels

₹44 a kg against ₹134 in the UAE, ₹112 in Sri Lanka, ₹110 in the UK, and ₹76 in Brazil, the food secretary said. Sugar prices are predicted to fall as soon as mills start crushing sugarcane, he added. Due to the erratic monsoon, sugarcane production may suffer in the key producing states of Maharashtra and Karnataka.

₹11,195.58 crore and bought stocks for ₹10,102.11crore, resulting in an outflow of ₹1,093.47 crore, according to NSE data. Domestic institutional investors (DIIs) bought equities worth ₹7,249.75 crore and offloaded shares worth ₹6,513.60 crore, resulting in an inflow of ₹736.15 crore, the exchange data showed. The BSE Sensex lost 0.38% to end at 65,629.24.

© 2023, The Economist Newspaper Limited. All rights reserved. From The Economist, published under licence. The original content can be found on www.economist.com"Exciting news! Mint is now on WhatsApp Channels

ALSO READ: Go First case: Govt may clarify on amendments in IBC on leased aircraft The recent IBC changes, dated 3 October, state that Section 14(1) - imposing a moratorium on insolvency proceedings - does not cover deals related to aircraft, engines, airframes, or helicopters. This alteration has enabled Go First's lessors to advocate for the repossession of their assets in tribunals and courts.

Iranian woman who died in police custody in Iran last year, sparking worldwide protests against the country’s conservative Islamic theocracy, was awarded the European Union’s top human rights prize on Thursday. The EU award, named for Soviet dissident Andrei Sakharov, was created in 1988 to honor individuals or groups who defend human rights and fundamental freedoms.

₹54,550 crore in the state since September, chief minister Pushkar Singh Dhami said. Speaking to reporters here, Dhami said that the investment commitments have been made by companies in various sectors including tourism, pharmaceuticals, health and wellness, education and agro-processing during his recent visits to London, Birmingham, Dubai, Abu Dhabi and New Delhi. Uttarakhand will hold a global investor summit from 8-9 December.

Telangana for the upcoming assembly polls to be held on 30 November. During an election rally Gandhi promised conducting a caste census if Congress is voted to power.

Akhilesh Yadav even said on Thursday that Congress has cheated him. "We were assured that six seats will be given to us.

Sectorally, buying was seen in auto, consumer durables, and FMCG stocks while metal, energy, oil & gas and power stocks saw some selling pressure. Stocks that were in focus on Thursday include names like Bajaj Auto, which was up more than 6% to hit a fresh all-time high; NBCC India, which gained more than 9%, and Nestle India which rose more than 3%. We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Analyst: Vivek Mashrani CFA, Director at Technofunda Ventures Private Limited Bajaj Auto Bajaj Auto hit a new all-time high and is trading in an uptrend. It is a good buy from a medium-term perspective as long as the trend is intact. Fundamentally, the company has been in the limelight with its excellent quarterly result with its quarterly EBITDA surpassing Rs 2,000-crore milestone for the first time. The September quarter profit increased by 20% on a YoY basis.

₹1170.70 per share on BSE on Thursday. “We would like to inform that the Board of Directors will also consider a proposal for payment of interim dividend for the financial year 2023-24, at its meeting scheduled on 24th October & 25th October, 2023," said the company in its stock filing.

₹2,717 crore. The company had reported a profit of ₹2,616 crore in the year-ago period.

₹329 to ₹346 per equity share of face value of ₹2. The price to earnings ratio of the company is 37.49 at the upper band.

Israel-Hamas war news: UK Prime minister Rishi Sunak has reached Israel amid Benjamin Netanyahu's war with Hamas fighters. Sunak's visit comes at the heel of a speculated ground invasion by Israeli Defense Forces (IDF) in Gaza. PM Sunak met Israeli President Isaac Herzog in Israel on Thursday, Sunak's office said, where the pair stressed the need to avoid further escalation of violence in the region.

₹764 crore for the quarter ended September. The Abhyuday Jindal-led firm posted a 12% increase in its consolidated revenue at ₹9,797 crore in the second quarter of the current fiscal year, it said in an exchange filing. “Our domestic sales are up by 15% YoY, buoyed by the government’s push for stainless steel in strategic sectors.

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₹18 per equity share of face value of Re.1 each on Thursday. The record date for the record date for the entitlement of the shareholders has been fixed as 2 November.

there are no differences and all decisions are taken unanimously. Ashok Gehlot’s government had faced a rebellion led by his bete noire Sachin Pilot in 2020, pushing the Congress government to the brink of collapse.

₹500 crore with a green-shoe option of ₹200 crore and will invest it across completed Class A rent-generating commercial properties leased to multinational and blue-chip tenants in India’s tech hubs. For its previous fund PREF I, launched in March 2021, PropShare Capital aimed to raise ₹700 crore but could only put together ₹75 crore. Through the maiden vehicle it invested in four commercial properties in Bangalore and Mumbai, which have been leased out to companies such as LG, Tata Finance and 24/7 AI.