Business

Sikka exit gives valuation blues to mutual fund managers

MUMBAI: The leadership crisis at Infosys following exit of chief executive Vishal Sikka has again caught investors on the wrong foot. Fund managers, owning Infosys in their portfolios, are now wondering how to value the technology bigwig in a challenging business environment. Till now, the market was willing to assign a premium in valuations to… Continue reading Sikka exit gives valuation blues to mutual fund managers

Business

Participatory note investors return to Mauritius as FPIs

MUMBAI: Even as participatory notes (P-notes) become unattractive for taking positions, many investors are now looking to enter India using the foreign portfolio investment (FPI) route either through Mauritius or directly. P-notes are overseas derivative instruments with Indian stocks as their underlying assets. Industry trackers say some P-note holders are looking to directly invest in… Continue reading Participatory note investors return to Mauritius as FPIs

Business

These 5 pain points are keeping Elon Musk away from booking a ticket to India

We know for sure that the Model 3 will be Tesla’s first electric car for India. When the car actually makes its way to showrooms in India is still up in the air. Mid 2019 seems like a likely date – but why the delay? According to Tesla’s official statement, “Every country has its own… Continue reading These 5 pain points are keeping Elon Musk away from booking a ticket to India