DIRS.INFO The most relevant business & tech news

☆ India has emerged as one of the best global markets for the long haul. Here are the drivers—and how to play the rally
▼ + stars: | 2024-10-02 | by ( Pia Singh | In | ) www.cnbc.com time to read: +7 min

India's recent stock market surge has investors viewing the country as an emerging market poised for long-term outperformance. The India NSE Nifty 50 Index , the country's domestic stock market benchmark, has soared 18.7% this year, hitting record levels. "The data show that, historically, the Indian market has offered robust returns with reduced volatility." Going back to 2015, INDA has seen bigger annual gains and smaller declines than the broader emerging market fund. How to play the Indian market Financials are among investors' favorite spots in India's booming stock market.

Persons: It's, Malcolm Dorson, Dorson, GlobalX, Russell, —, EEM, INDA, Amr Abdel Khalek, Khalek, Jerome Powell, Venugopal Garre, Krishna Mohanraj, You've, Mohanraj Organizations: India NSE, Global, CNBC, U.S, Federal, Fed, Nasdaq, China, MRB Partners, Traders, Barclays, Diamond Hill Capital Management, HDFC Bank, ICICI Bank, Axis Bank, ICICI, HDFC, Whitehaven Coal, Prestige Estates Locations: India, China, Dorson, U.S, Whitehaven

☆ A $20m mansion home was built on top of a 400ft skyscraper. The tycoon owner may never get to live in it.
▼ + stars: | 2024-03-23 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

A $20-million sky mansion sits on top of a 33-story luxury apartment complex in India. The spectacular home was designed for businessman Vijay Mallya. AdvertisementVijay Mallya might never get to live in the mansionThere's a real possibility that Mallya won't ever get to live in the sky mansion. Indian businessman Vijay Mallya arrives at the Royal Courts of Justice in London, February 2020. On the list were defense dealer Sanjay Bhandari, diamond trader Nirav Modi, and Vijay Mallya.

Persons: Vijay Mallya, Mallya, —, Vijay, instagram Irfan Razac, superrich, Ambani, Ashwin, Tom Tugendhat, Sanjay Bhandari, Nirav Modi Organizations: Service, Prestige Estates, Business, Kingfisher, Financial Times, Royal, of Justice, Reuters, of State Security, Press Trust of, The, India's Central Bureau of Investigation, National Investigation Agency Locations: India, Bengaluru, Mumbai, London, Reuters India, Japan, Canada, New Zealand, Norway, British, Press Trust of India, The Times

☆ India's construction sector levels up as housing demand spurs economy
▼ + stars: | 2023-12-02 | by ( Manoj Kumar | ) www.reuters.com time to read: +5 min

That helped India expand at a forecast-beating 7.6%, making it one of the world's fastest-growing major economies. It has been driven by rising incomes for many Indians, a severe housing shortage in big cities and strong population growth. Builders are bullish long-term with many saying the boom could last two to three years and some even more optimistic. "The housing market could continue to perform well for another three to four years," Sanjeev Jain, managing director at Parsvnath Developers, a leading real estate company, noting that India is in the initial stages of a housing growth cycle. The government is also trying to boost the availability of affordable housing by providing subsidies, which is encouraging construction in India's smaller towns and cities.

Persons: Nifty, Sunil Sinha, Sanjeev Jain, Prashant Thakur, Jayesh Rathod, Narendra Modi's, Manoj Kumar, Nigam, Ira Dugal, Edwina Gibbs Organizations: DELHI, Fitch, Builders, Parsvnath Developers, Reuters, Graphics, Advisory, Prestige Estates, DLF, Reuters Graphics, Thomson Locations: India, China, Mumbai, New Delhi, Bangalore, rocketed, Thane, Tamil Nadu, Karnataka, Gujarat

☆ Indian shares rise as falling oil prices boost energy stocks
▼ + stars: | 2023-11-08 | by ( Bharath Rajeswaran | ) www.reuters.com time to read: +2 min

REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Nov 8 (Reuters) - Indian shares rose on Wednesday, led by energy stocks, as crude prices fell, while a drop in high weightage financials after a recent rise capped gains. The NSE Nifty 50 index (.NSEI) was up 0.23% at 19,451.10 as of 10:07 a.m. IST, while the S&P BSE Sensex (.BSESN) rose 0.14% to 65,027.13. "Moderation in U.S. bond yields, positive earnings and a drop in crude oil prices are positive for the markets," said analysts at Centrum Institutional Research. Ten of the 13 major sectors rose, with energy (.NIFTYENR) and oil & gas (.NIFYOILGAS) rising 0.5% and 1%, respectively. ICICI Bank (ICBK.NS), SBI Life Insurance (SBIL.NS), Bajaj Finance (BJFN.NS), Kotak Mahindra Bank (KTKM.NS) were among the top Nifty 50 losers, shedding between 0.3% and 0.8%.

Persons: Francis Mascarenhas, Powell, Brent, Bharath Rajeswaran, Dhanya Ann Thoppil, Sohini Goswami, Nivedita Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, BSE, Centrum Institutional Research, Bharat Petroleum Corporation, ICICI Bank, SBI Life Insurance, Bajaj Finance, Kotak Mahindra Bank, Wall, U.S, Treasury, Nasdaq, Apollo Tyres, Prestige Estate, Thomson Locations: Mumbai, India, China, Bengaluru

☆ INDIA STOCKS Indian shares seen opening higher as oil slips
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Oct 19 (Reuters) - Indian shares are set to open higher on Wednesday, taking cues from overnight gains on Wall Street as corporate earnings helped improve sentiment and oil prices fell on worries of higher U.S. supply. Foreign institutional investors sold a net of 1.53 billion Indian rupees ($18.6 million) worth of equities on Tuesday, while domestic investors bought 20.85 billion rupees worth of shares, as per provisional data available with the National Stock Exchange. ** Adani Enterprises Ltd (ADEL.NS) said its unit, Adani Defence Systems & Technologies, would buy Air Works for an enterprise value of 4 billion rupees. ** Prestige Estates Projects Ltd (PREG.NS) said during second quarter, the group registered sales of 35.11 billion rupees, up by 66% from a year ago. ** ICICI Lombard General Insurance Co Ltd (ICIL.NS) reported a September-quarter profit after tax of 5.91 billion rupees, up 32.3% from last year.

Search resuls for: "Prestige Estate"

5 mentions found