Insights

Interview with Economic Times (Infrastructure)

In an interview to ET Infra, Shivam Bajaj, Founder and Chief Executive Officer of Avener Capital outlined that InvITs or Infrastructure Investment Trusts should be made more open to retail investors for directing people’s savings into infrastructure investments.

“As the pace of infrastructure development increases in the country, certain sectors such as roads and highways, transmission and green energy are expected to witness mergers and acquisitions”

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"Indian entities in the existing corporate as well as upcoming startup space are increasingly venturing out overseas to identify new frontiers for growth. The FEMR regulations of RBI are targeted to give desired clarity in terms of an Indian entity extending debt and financial commitment to any foreign entity including its step down subsidiaries."

Here’s how Indian investors will benefit from the revised overseas investment rules.

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"Amidst rising concerns on the ability of global asset classes to deliver satisfactory returns over a longer tenure, global investors have placed their bets on the Indian infrastructure market time and again. May it be CPPIs deal with Brookfield, or Actis buying out Welspun’s USD 775Mn portfolio of road assets, both the deals are a positive sign for all the stakeholders. In conjunction to this, developers might look forward towards bundling and positioning under-development projects to global investors as a potential investment for their portfolio to seek access to an affordable pool of development finance."

CPP Investments bets $1.2 billion in April-June quarter in India PE bets

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On its mission to curb domestic inflation, the RBI has increased the repo rate by 50 bps in the MPC meeting today to 5.4 per cent. The ultimate impact of this decision on the inflationary pressure might be equally dependent upon the supply-side performance of the economy, where the recent dropdowns in the GDP growth estimates by IMF of 80 bps to 7.4 per cent might be seen as a challenge. Hence, it will be interesting to see, how these consecutive rate hikes, keeping in mind the concerning global economic indicators, iron out the path to long term growth for India.

Sensex gains 89 pts, Nifty holds 17,350 as RBI hikes repo rate by 50 bps

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Two critical factors would determine the monetary policy committee’s stand on rates in this meeting, whether Inflation continues to remain beyond RBI’s comfort zone and GST collections as well as whether PMI is looking up even after successive rates hikes by RBI in the initial part of this year which would give it the confidence to continue its “hawkish” stand. This might align market expectations towards a rate hike by around 30 basis points.

RBI’s monetary policy review underway; here’s what analysts see as possible outcome

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“We saw these IPOs get subscribed 100-200x. People were not even looking at the business models; they were investing on the back of euphoria. They were outliers in terms of the amount of liquidity available, but if you fast forward to today and ask me if some of these tech companies would be able to go public today, I would cast my doubts”

“We saw these IPOs get subscribed 100-200x. People were not even looking at the business models; they were investing on the back of euphoria. They were outliers in terms of the amount of liquidity available, but if you fast forward to today and ask me if some of these tech companies would be able to go public today, I would cast my doubts”

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Avener Capital, has constructed a check dam at Vartha Pada Shensari Village in Palghar, Maharashtra. Built in collaboration with Diganta Swaraj Foundation, the 15m long and 3m tall check dam with its storage capacity of 10,000 cubic metres will transform lives of over 200 families and almost 2000 people living in the vicinity by supplying water for domestic and agricultural use.

Avener Capital, has constructed a check dam at Vartha Pada Shensari Village in Palghar, Maharashtra. Built in collaboration with Diganta Swaraj Foundation, the 15m long and 3m tall check dam with its storage capacity of 10,000 cubic metres will transform lives of over 200 families and almost 2000 people living in the vicinity by supplying water for domestic and agricultural use.

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"Start-up promoters shall be able to demonstrate viability, scalability and return prospect convincingly to the investors who have of late become cautious while writing cheques"

“Start-up promoters shall be able to demonstrate viability, scalability and return prospect convincingly to the investors who have of late become cautious while writing cheques”

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“The pace of buybacks continuing in H2 would be largely dependent on the market. My sense is that you may see a deeper correction and Nifty might fall down to around 15,500 or even 15,000. So, if there is a further correction, certain companies will continue to correct further and management will continue to announce buybacks. There has been a correction in the broader markets predominantly on account of concerns relating to inflation and rising interest rates, which has led to a good amount of correction in the share price for a lot of these companies. Further, companies are sitting on a lot of cash”

“The pace of buybacks continuing in H2 would be largely dependent on the market. My sense is that you may see a deeper correction and Nifty might fall down to around 15,500 or even 15,000. So, if there is a further correction, certain companies will continue to correct further and management will continue to announce buybacks.
There has been a correction in the broader markets predominantly on account of concerns relating to inflation and rising interest rates, which has led to a good amount of correction in the share price for a lot of these companies. Further, companies are sitting on a lot of cash”

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Zomato’s acquisition of Blinkit for Rs.4,447 crore in an all-stock deal marked its entry into the emerging sector of “quick-commerce”. This deal shall provide cross-selling opportunities to Blinkit by gaining access to the 15mn active monthly users of Zomato and vice-versa. Further, the merger might yield synergies in terms of better utilisation of Zomato’s hyperlocal delivery fleet and consequently reducing their cost of delivery. However this high cash burning sector houses fierce competition from the likes of Zepto, Dunzo, Swiggy Instamart BigBasket, etc and it will be interesting to see how this expensive investment by zomato pans out in the future. Moreover, whether Ola’s decision to exit food delivery space to focus on its core streams of strength amidst the current market conditions should have been a learning lesson for zomato too, is a question which might be answered in the near future.

Zomato’s acquisition of Blinkit for Rs.4,447 crore in an all-stock deal marked its entry into the emerging sector of “quick-commerce”. This deal shall provide cross-selling opportunities to Blinkit by gaining access to the 15mn active monthly users of Zomato and vice-versa. Further, the merger might yield synergies in terms of better utilisation of Zomato’s hyperlocal delivery fleet and consequently reducing their cost of delivery. However this high cash burning sector houses fierce competition from the likes of Zepto, Dunzo, Swiggy Instamart BigBasket, etc and it will be interesting to see how this expensive investment by zomato pans out in the future. Moreover, whether Ola’s decision to exit food delivery space to focus on its core streams of strength amidst the current market conditions should have been a learning lesson for zomato too, is a question which might be answered in the near future.

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LIC IPO

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“Registration. In the meantime, the process of revising the application form of UGC NET is currently underway. M Jagadesh Kumar of the UGC said that the deadline for submission of applications of UGC NET (UGC NET December 2021 & June 2022) has been extended after receiving”

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