Star Housing Finance Ltd Obtains USD 2.7 Million In Equity To Increase Net Worth, Expand In Rural Areas
Star Housing Finance Limited (Star HFL), a rural housing finance firm, obtained USD 2.7 million in capital through preferential allocation. Arika Securities Pvt.Ltd and Colo Securities Pvt.Ltd have contributed to the capital. Kamlesh Shah, MD of Share India Securities Ltd and president of Association of National Exchanges Members of India, spearheaded the capital increase… read-more
Indian equities were slightly altered on May 23 after advancing over 3% the prior session, as a severe selloff in metal companies offset advances in automobile sector. The Nifty metals index fell 6.6 percent, while the Nifty auto index increased by 2%. The Indian government announced on May 22 that it will eliminate import duty on anthracite, PCI coal, and coking coal, with the goal of lowering raw material costs.
Courtesy: Indian Express
Indian equity mutual funds have recorded an inflow of Rs 9,115 crore in March. Witnessing inflows for the first time in nine months, the Association of Mutual Funds in India data reported Rs 4,534-crore outflow from the equity and the equity-linked schemes in February. Reportedly, the overall outflow stood at Rs 29,745 crore for the period studied. Meanwhile, gold exchange-traded funds witnessed an inflow of Rs 662 crore in March.
Courtesy: Business Standard
According to Maple Capital Advisors report, India's emerging gaming sector has secured $554-million investment during August 2020-January 2021. Maple’s founder and MD Pankaj Karna said the sector is now at its inflexion point with around 400 million gamers and a plethora of investors. Highlighting the participation of growth-oriented private equities, he said the numbers are expected to double in the coming 12- 18 months. Notably, Dream11,… read-more
Courtesy: Deccan Herald