Why Panic Gripped Indian Markets On Friday

Volatility gripped India’s equity benchmarks today as shares of Yes Bank Ltd. and mortgage lenders Dewan Housing Finance Ltd. and Indiabulls Housing Finance Ltd. tumbled. It began with a 35 percent slide in Yes Bank in morning trading after its co-founder Rana Kapoor was granted only four months extra as its chief executive officer. The Sensex and Nifty, however,…

India’s Online Streaming Infatuation Is Taking Over Its Love For Cinema

In two years, digital entertainment in India will be bigger than the world’s largest film industry. That’s because more and more Indians are logging on to services like YouTube, Hotstar and Netflix on smartphones, according to a recent joint report by EY India and FICCI on the media and entertainment sector. Revenue from films is…

India may get thrown out of MSCI Indices

MSCI Inc. (NYSE: MSCI), a leading provider of research-based indexes and analytics, announced today that it is closely monitoring developments related to the concerted announcement by three Indian stock exchanges, including the two principal exchanges, of the imposition of anti-competitive measures restricting the accessibility of the Indian equity market. MSCI is evaluating the measures’ potential…

Risky Business

Most things are going well for most investors. So let’s talk about risk. People are masters at discounting risks that threaten the continuation of their past success. Winning feels good, but winning and then assuming you’ll keep winning indefinitely by doing what you just did is pure heaven and too hard to let go of. Risk hides…

Paytm Founder Sells 1% In One97 Communications For Rs 325 Crore

Paytm founder Vijay Shekhar Sharma has sold 1 percent of his shares in One97 Communications Ltd. to its shareholders for about Rs 325 crore. The amount raised will be utilised for Paytm’s proposed payments bank operations, in which Sharma holds 51 percent stake. Confirming the development, a Paytm spokesperson said: “It is done for Paytm…

China consortium buys ad-tech venture Media.net for $900 million

NEW DELHI/BENGALURU: A consortium of Chinese investors has acquired ad-tech venture Media.net for about $900 million in a rare reverse merger deal being touted as the largest in the sector and which propels its India-born founders into the coveted ‘three-comma club’. Founded by Mumbai-born serial entrepreneurs Divyank and Bhavin Turakhia, Media.net develops products for advertisers…