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The company said it had informed the stock exchanges of the subsidiarization of the passenger vehicles business as part of an overall restructuring plan to provide “differentiated focus”, “unlock value” and “facilitate beneficial strategic alliances for the PV undertaking in future”.
Stocks in the news: Route Mobile, RITES, Essel Propack, Future Enterprises and Power GridAt the issue price of Rs 350, the stock of Route Mobile commands a valuation of 29 times PE on FY20 basis on a fully diluted basis.
from Stocks-Markets-Economic Times https://ift.tt/2HmEpBr
… Read MoreKKR’s India InvIT eyes FRV assetsFRV had been in discussion with various power producers, investors such as Hero Future Energies, EverSource and Edelweiss to sell India assets, which did not fructify.
from Stocks-Markets-Economic Times https://ift.tt/3iJYlf… Read MoreThough smaller than before, investors continue to SIP, take AUM to a recordOn the year-to-date basis, the SIP AUM increased by 6.1% till August thanks to capital appreciation and fresh inflow, albeit at a lower pace. The total MF AUM rose by 3.5% during the period.
from Stocks-Markets-Economic Tim… Read MoreShares, currencies tentative as attention shifts to US election, stimulusMSCI's broadest index of Asia-Pacific shares outside Japan was a shade weaker, though it was not too far from a June 2018 peak at 568.84. Australian and New Zealand shares both opened in the red while South Korea's KOSPI was … Read MoreBanking, infra should be on your radar; dip in with SIPsWhile the Nifty is just 7% away from its life time high, many stocks banking and infrastructure space are yet to recover. Banking stocks and infrastructure stocks are sharply down from their yearly highs.
from Stocks-Markets… Read More
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