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GIC, KKR, Premji Group to invest Rs 11,000 crore in HDFC Ltd

GIC, KKR, Premji Group to invest Rs 11,000 crore in HDFC Ltd

Finance
MUMBAI: India's largest mortgage lender HDFC Ltd has bagged a Rs 11,104 crore investment from marquee investors - like private equity giant GIC Singapore, KKR, Canadian pension plan Ontario Municipal Employees Retirement System, Carmignac Group and Premji Invest. This would lead to a stake dilution of 3.87%. The preferential allotment will be made at a share price of Rs 1,726.05 per share to 10 investors. The mortgage lender was trading at Rs 1,761.25 at the end of trade on Friday. HDFC board also approved raising Rs 1,896 crore through a Qualified Institutions Placement (QIP) which will be completed within 12 months. "The Committee of Directors of the Corporation at its meeting held today approved the issue of equity shares up to an aggregate amount not exceeding Rs 13,000 crore t...
How to Invest in Travel Stocks

How to Invest in Travel Stocks

Finance
Worth an estimated $ 2.3 trillion last year, the global travel and tourism market is one of the biggest industries in the world. As standards of living around the world have improved and travel has become cheaper, the industry has steadily expanded as more people have money to spend on discretionary trips and tourism. Traveling internationally is much more affordable than it once was, and the number of international tourist arrivals more than doubled from 2005 to 2015 to 1.19 billion. While the industry is steadily growing, travel companies and stocks tend to be macroeconomically sensitive as tourism is dependent on discretionary spending, and recessions or global crises like 9/11 can crush the industry.Investors in travel stocks will want to focus on one or more...
How should I invest my inheritance money?

How should I invest my inheritance money?

Finance
Sallie Krawcheck wants to close the 'gender investing gap'What are the best ways for 20-somethings to invest inheritance money? -- Jason Staring at a new big balance in your bank account can be exciting. It can also freak you out. On one hand, an inheritance could open up new financial opportunities: paying off your student debt once and for all, buying a home, going on a big vacation, starting a business. You're not alone if your first inclination is to buy a boat, throw a lavish party, or put it all into the stock market. People often don't treat the money received through some kind of windfall the same way they do their regular income. There's even science behind it. A concept called "mental accounting" explains why we value some money differently than other money, according to the w...
How to invest without losing money

How to invest without losing money

Finance
Money guide for MillennialsWhen it comes to investing, realize that risk and reward tend to move in opposite directions. If you take more risks, you run a larger chance of losing your money, but you often have a higher upside. It's possible to invest without losing money. In the current market, where interest rates are very low, any investment guaranteed to not lose money will have a very small return. For most people thinking about investing, the goal is to minimize the potential for losses while maximizing how much you might make. Exactly how you do that -- and where you put your money -- depends a lot on what type of investor you are, and what your goals are. There is no one answer A 67-year-old looking to live off his or her investments has different needs from a 22-year-old planning ...
Former Trump aide to invest in Weinstein firm

Former Trump aide to invest in Weinstein firm

Entertainment
One of Donald Trump's closest confidantes has thrown a lifeline to the scandal-hit Weinstein entertainment empire, amid signs it could be up for sale.The Weinstein Company has confirmed it has entered an agreement with Colony Capital, a private equity firm run by Tom Barrack.Colony will inject cash into the company while discussions continue over it buying all or part of the Weinstein firm.:: UK police investigating five Weinstein sex assault claims:: Corden sorry for Weinstein jokesThe torrent of accusations against Harvey Weinstein had raised questions about the future of the company he founded.On Friday, his brother Bob denied suggestions the company would be closed or sold, saying it was "business as usual".:: The Accusers:Lina Esco, ActressShe says Weinstein told her: "I think we shou...