BUSINESS
BP Halts Red Sea Oil Shipments Post Houthi Rebel Attacks
Several freight companies have also suspended their ships after being targeted by Houthi rebels in Yemen.
Profit-Taking Emerges Following a Sharp Three-Day Rally
Global markets traded cautiously ahead of the Bank of Japan's meeting, potentially signaling changes in its ultra-loose monetary policy.
RBI's Penalties on Banks and NBFCs Total Rs 40.39 Crore for 2022-23
Cooperative banks faced 176 cases, leading to fines amounting to Rs 14.04 crore. Private sector banks incurred penalties of Rs 12.17 crore, while public sector banks (PSBs) faced fines of Rs 3.65 crore.
IFU Allocates $35 Million Funding to Enhance Blue Planet's Vital Operations in India
IFU's Investment Director, Jonas Lau Kristensen, emphasized their commitment beyond financial backing, aiming for a sustainable and inclusive future.
Limited room for further outperformance of mid & small caps to large cap
Hence, the room for further catchup outperformance is limited, in our view.
Markets Experience Subdued Activity Amidst Concerns Over Oil Supply and Elevated Valuations
Rupak De, Senior Technical Analyst at LKP Securities, notes a potential interruption in the ongoing rally based on the Nifty's daily chart and signals from the RSI indicator. A correction may occur if the index falls below 21,350, with short-term support at 21,220/21,100, while resistance is expected at 21,500.
Pharma firms valuations do not factor in threats from acceleration in generics adoption in India
In another instance exemplifying the Indian government’s intent to push generics, it has set an imposing timeline to achieve its objective of reaching 25,000 Jan Aushadhi stores. The government targets to increase the store count by 2.5X to 25,000 in less than 2.5 years (end-FY2026), the report said.
Foreign Institutional Investors (FIIs) Acquire Rs 20,000 Crore Worth of Stocks in a Fortnight
The BSE Sensex is presently up 27 points at 71,511 points, with Sun Pharma showing a 1.6% increase.
Jeff Bezos Invests Rs 350 Crore in Ambitious Project: Building a Clock Designed to Last 10,000 Years, Report
Visitors will be limited to maintain the clock's integrity and mystery, and energy-saving measures include updating display dials only when a visitor is present.
Lab-grown diamonds add glitter to booming gems and jewellery business
Nothing of that sort happened and India is at the forefront of this sector and provides onshore and offshore services to the world.
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