Archive for July, 2009
31
Jul
Posted by smcinvestmentindia in Asset management, Business, capitals, Economics, Finance, income, Investment, Merchant Banking, Mutual Funds, securities, Wealth. Tagged: advisory commission, AMCs, asset management companies, distribution commission, Distributors, Investment, investors, marketing and distribution charges, MF schemes, Mutual Funds, sales, Securities and Exchange Board of India, subscribers, transaction cost structure. Leave a Comment
Distributors of mutual funds are planning to revise their transaction cost structure to attract investors as the charge for buying units in a mutual fund goes from tomorrow, something they believe will increase sales. :-/ Distributors are now waiting to see whether asset management companies (AMCs) announce distribution commission for various MF schemes and on [...]
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31
Jul
Posted by smcinvestmentindia in Asset management, Business, Capital Market, capitals, Company, Finance, india, Insurance, Investment, IPO, IT, Merchant Banking, Mutual Funds, securities, Stock, Trading, Wealth. Tagged: Asset management, Axa, building brand, distribution, entry fees, financial services firm, fund management, fund managers, india, Indian broking firm, insurer, market regulator, Mirae Asset, Mutual Fund, Mutual Funds, Pioneer Global, Sanlam, Shinsei, SMC, South Africa, UniCredit, Wealth Management. Leave a Comment
South African financial services firm Sanlam expects to start mutual fund operations in India by February next year and hopes to break-even in three to five years, a top executive said on Tuesday. The firm, which has joined hands with Indian broking firm SMC Global for asset management and wealth management businesses, has received an [...]
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30
Jul
Posted by smcinvestmentindia in budget, Business, Capital Market, capitals, Company, Economics, income, india, Investment, IPO, Mutual Funds, securities, Stock, Trading, Wealth. Tagged: broking firm, budget, Finance Minister, finance ministry, Jagannadham Thunuguntla, Listed companies, markets watchdog, private companies, promoter stake, promoters’ stake, PSUs, public holding, public sector units, Sebi, Securities and Exchange Board of India, smc capitals, stake sale. Leave a Comment
Listed companies could raise over Rs.159,000 crore if Finance Minister Pranab Mukherjee’s proposal to reduce promoter stake in all listed companies to 75 percent becomes a policy , a report released Wednesday said. Of this, state-owned firms alone will contribute as much as Rs.138,000 crore, the report by broking firm SMC Capitals said. Among the [...]
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30
Jul
Posted by smcinvestmentindia in Business, Capital Market, capitals, Company, Economics, General, income, india, Insurance, Investment, IPO, Merchant Banking, Mutual Funds, Stock, Trading, Wealth. Tagged: Bharat Heavy Electricals, Bharat Sanchar Nigam Ltd, BJP, bond market, borrowing plan, government firms, Indian state companies, investors, IPOs, Maruti Suzuki, MMTC Ltd, NHPC, NHPC Ltd, NMDC Ltd., Oil India, private sector, pro-market reforms, Rural Electrification Corp, smc capitals, stock market. Leave a Comment
Indian Power Firm NHPC Ltd will kick off a $1.25 billion IPO next week in the first share sale by a state company. Since the congress party’s unexpectedly strong re-election in May spurred investors hopes for pro market reforms. Despite opposition from labour groups and leftist parties, the government is forecast by some watchers to [...]
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29
Jul
Posted by smcinvestmentindia in Business, Capital Market, capitals, Company, Economics, india, Investment, Merchant Banking, Trading, Wealth. Tagged: business models, capital, Daksh, equities markets, equity head, experts, Foreign funds, funding, growth-stage companies, india, Indian entrepreneurs, investors, IT start-ups, IT-based businesses, Jagannadham Thunuguntla, MindTree, Mphasis, Naukri.com, Private Equity, Seed capital, Silicon Valley, smc capitals, Spectramind, start-up entrepreneurs, venture capital, Venture capitalists. Leave a Comment
Dreamy-eyed Indian entrepreneurs, hoping to talk their way into getting venture capital for their start-ups might as well look elsewhere for funding. It doesn’t happen in India, not often anyway, investors and experts in the industry, maintain. Venture capitalists in India only prefer growth-stage companies — firms already up and running that need money for [...]
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28
Jul
Posted by smcinvestmentindia in Business, Capital Market, capitals, Company, Economics, india, Investment, IPO, Merchant Banking, Mutual Funds, Stock. Tagged: Adani Enterprises, Adani Power, anchor investors, Capital Market, Indian IPO market, investors, IPO, IPO market, primary market, Reliance Power, share offer, share sales, T Rowe Price, top end of the price range, TPG. Leave a Comment
Adani Power Ltd’s initial public offering worth up to $623 million was fully subscribed within an hour of opening to investors on Tuesday, three sources involved in the deal said. By 10:36 a.m (0506 GMT) the 301.65 million share offer was subscribed three times, mostly at 100 rupees, or the top end of the price [...]
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27
Jul
Posted by smcinvestmentindia in Business, Capital Market, capitals, Economics, Investment, Trading, Wealth. Tagged: demand and supply, Economy, Growth, huge development costs, industry life cycle, industry life stages, industry's product, Mature Growth, product life cycle, profit margins, profitability, profits, sales growth, Stabilization. Leave a Comment
In general, an industry will traverse through 5 stages: 1. Pioneering development: It is characterized by modest sales growth and huge development costs. Consequently, profits are either negligible or are in fact negative. 2. Accelerating Growth: At this point, the industry product is gaining wider acceptance. Hence, it is very likely that demand for this [...]
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27
Jul
Posted by smcinvestmentindia in Business, Capital Market, capitals, Economics, General, Investment, Stock, Wealth. Tagged: business cycle, cyclical, Demographics, Economy, fiscal policies, Politics, Regulations, structural changes, Technology. Leave a Comment
First of all, a distinction should be made between cyclical and structural changes. Cyclical changes arise as a result of the economy progressing through the various stages of its business cycle. Structural changes, on the contrary, arise as a result of a major shift in how the economy functions. In particular, there are four main [...]
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27
Jul
Posted by smcinvestmentindia in budget, Business, Capital Market, capitals, india, Investment, Merchant Banking, Mutual Funds, Stock, Trading, Wealth. Tagged: business cycle, capital goods, consumer durable goods, consumer staple products, decline in interest rate, economic and financial stability, economic recovery, Economy, financial services industries, industries, interest rates, investment in stock market, market participants, stock market, stock markets. Leave a Comment
As we all know that different industries perform differently depending on what part of the business cycle the economy is in. Though at present there are signs of stabilization, including a recovery of stock markets, a decline in interest rate spreads, improved business and consumer confidence but the situation still remains uncertain and significant risks [...]
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27
Jul
Posted by smcinvestmentindia in Business, Capital Market, capitals, Commodity market, Company, income, income tax, india, Insurance, Investment, Merchant Banking, Mutual Funds, Stock, Trading, Wealth. Tagged: Class A share, Class-B shares, Company, differential voting rights, dual-class voting shares, DVR shares, Equity Listing Agreement, follow-on-issues, higher voting rights per share, minority shareholders, Nasdaq, New York Stock Exchange, NYSE, preferential allotments, promoters, rights issues, Sebi, Sebi regulations, Securities and Exchange Board of India, stocks, Tata Motors, The dual-class stock structure, US stock exchanges. Leave a Comment
In a market where there are few cases of stocks with differential voting rights (DVRs), last week’s change to the Equity Listing Agreement, at first glance, seems to protect the interests of minority shareholders. Sebi’s step is ostensibly to prevent situations wherein companies come out with follow-on-issues, rights issues or preferential allotments with higher voting [...]
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