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Govt to sell 'enemy property' shares in 84 companies

January 12, 2024

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Mint Mumbai

In the first tranche, the government is looking to sell about 188,000 shares in 20 cos

The government on Thursday said it is planning to sell over 291,000 'enemy property' shares in 84 companies to individuals and corporates in tranches as it looks to dispose of assets of individuals who had migrated to Pakistan and China.

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Mint Mumbai

THE WILD RIDE OF SME IPOS: WHAT'S NEXT?

The market for public listings for small and medium enterprises (SMEs) has boomed since covid, fuelled by younger investors with a higher risk appetite, and the growing popularity of digital trading platforms. This surge gave SMEs, which had long struggled with limited funding options, a new avenue for capital.

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How will vertical property cards help flat owners?

Maharashtra plans to include the names of individual flat owners in land records and issue 'vertical property cards' to them, stating their share in a property. These cards will provide a clear legal proof of ownership, benefiting owners, buyers and lenders.Mint explains how.

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Clear sky for shares

Indian shares snapped a six-day winning streak to end lower on Tuesday.

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Morgan Stanley bets on India stocks

Indian equities are set to reverse their historic underperformance against emerging market peers next year, powered by government policy actions, according to Morgan Stanley.

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CVC, EQT in talks to buy ValueLabs at $1 bn valuation

Global private equity majors EQT Partners, PAG, Blackstone and CVC are among suitors in talks to acquire a controlling stake in software services firm ValueLabs from the promoters, according to three people with information on the deal.

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Should wills be made in city of origin, or where the assets are?

I'm a Hindu man who has lived in Bengaluru for the past five years. I am originally from Mumbai. I own a flat near Koramangala in Bengaluru and do not have any property in Mumbai or anywhere else in the country. Should I make my will in Bengaluru or Mumbai, especially when considering stamp duty and related formalities?

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Mint Mumbai

Apollo Tyres’ margins hold up, but competition is closing in

Apollo Tyres Ltd saw a higher-than-anticipated improvement in profitability in the September quarter (Q2FY26) on easing raw material costs.

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Groww beats BSE m-cap as stock scarcity sparks frenzy

A series of short squeezes, driven by soaring demand and low trading float, has propelled digital investment platform Groww's market value past that of one of the exchanges it listed on, making it the only broker to hold this feat.

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Electric passenger vehicle retail sales surge 57% in Oct

Electric passenger vehicle retail sales rose 57% in October to 18,055 units, with Tata Motors retaining the top slot in the segment, data from industry body Federation of Automobile Dealers Associations (Fada) showed.

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Mint Mumbai

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Top court takes up PIL on RCom fraud

The Supreme Court on Tuesday issued notices to the government, Central Bureau of Investigation (CBI), Enforcement Directorate (ED) and former promoter of Reliance Communications Anil Ambani on a plea seeking a court-monitored probe into alleged fund diversion and financial irregularities at the company and group entities.

time to read

1 mins

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