HDFC Closes First International Realty Fund At $800 Mn

HDFC BankMumbai: The Housing Lender HDFC today announced closure of its first sponsored HDFC International Real Estate Fund (HIREF) at $800 million, which would be invested in FDI-compliant Indian real estate plans.

According to a company release, the fund makes HDFC the biggest player in the realty private equity space in India.

One of the prime international realty pools, the nine-year close-ended fund, which was open only to foreign investors had been privately placed and subscribed by 28 investors.

Bihar CM Promises Govt Jobs To Medal-Winning Players

Bihar Chief Minister, Nitish KumarPatna: Bihar Chief Minister, Nitish Kumar has assured government jobs for players winning medals while symbolizing the state at national and international events.

Sun TV Subsidiary acquires 48.9% stake in Red FM

RED FMSun TV arm, South Asia FM (SAFL) has signed up a strategic partnership agreement with Red FM.

Sensex Gains Over 200 Pts In Early Trade

Stock MarketMumbai: The benchmark Sensex climbed up after gaining more than 200 points on the BSE in early trade on growth of funds buying, actuated by tautening worldwide trend.

In first five minutes of trading, the BSE-share index rise dramatically by 207.77 points at 15, 200.81 on brisk buying by funds in blue chip shares.

Likewise, the wide-base National Stock Exchange’s Nifty also gained 51.05 points to touch 4410.35.

TRAI Suggests Changes in Licensing Program

Telecom Regulatory Authority of IndiaNew Delhi: Telecom Regulatory Authority of India (TRAI) has made a few suggestions in its recommendations on licensing program reforms released.

Punjab Under ‘Dalit Anger’ Turmoil

Chandigarh: Dalit anger bubbled over from Gohana to other regions of Haryana, soaking up Ludhiana and Amritsar in Punjab, as activists across the region ran amok, ablaze vehicles, shuttering shops

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News in Focus

DCX Systems Share Price Target at Rs 282: Deven Choksey

Deven Choksey Research has issued a BUY recommendation on DCX Systems Ltd, setting a target price of Rs 282, implying a potential upside of 38% from the current market price of Rs 204.

As Canadian Immigration Becomes Tough, Indians Looking Towards Europe for Migration

India’s position as the world’s largest source of migrants is entering a decisive transition phase.

Bitget Promotes Pre-IPO Company Investment Opportunities with Bitget IPO Prime

Bitget’s IPO Prime represents a bold attempt to bridge the long-standing divide between private market exclusivity and retail investor access.

Cholamandalam Investment & Finance Share Price Target at Rs 2,050: Axis Securities

Axis Securities has reiterated a BUY recommendation on Cholamandalam Investment & Finance Company Ltd., setting a target price of Rs 2,050, implying a potential upside of approximately 25% from

Mazagon Dock Shipbuilders Share Price Could Reach Rs 3,060: ICICI Securities

ICICI Securities has issued a BUY recommendation on Mazagon Dock Shipbuilders (MDL), setting a target price of Rs 3060, implying a potential upside of approximately 17% from the current market pric

Manappuram Finance Share Price Target at Rs 340: Axis Securities

Axis Securities has issued a BUY recommendation on Manappuram Finance Ltd., revising its target price to Rs 340 per share, signaling an upside potential of ~11% from the current market price of Rs