BUSINESS
SoftBank Reportedly Sells Rs 747 Crore Stake in Delhivery, Estimated at 2.5%
During this block deal, roughly 1.8 crore shares of Delhivery changed hands at Rs 403 per share. Reports initially hinted at SoftBank's intent to divest a portion of its stake in the logistics firm for around $150 million, as first reported by Moneycontrol.
India Poised for Benefits as Crude Oil Prices Hit 4-Month Low
India had been grappling with an escalating current account deficit due to the substantial oil import bill, exerting pressure on the rupee, which weakened owing to the heightened demand for dollars necessary for purchasing expensive oil.
UBS Highlights High Valuations in India Amid Average Company Performance
Their analysis on India highlights the discrepancy between expensive market valuations and the ordinary fundamental performance of companies.
Nine Indian Leaders Recognized in 'Time 100 Climate' List
The unveiling of this list, encompassing CEOs, founders, philanthropists, musicians, policymakers, and government officials from various corners of the world, precedes the forthcoming 2023 UN Climate Change Conference scheduled in the United Arab Emirates (UAE) from November 30.
Former BharatPe CEO Ashneer Grover and Wife Stopped by Delhi Airport Authorities
The LoC, initiated at the behest of the Delhi Police Economic Offences Wing (EOW), led to their interception at the airport on Thursday night. Sindhu Pillai, the Joint Commissioner of Police (EOW), confirmed the incident but refrained from divulging more details, citing the ongoing investigatio
RBI Increases Risk Weightage to 125% for Banks, NBFCs' Consumer Credit
The circular issued by the central bank specified that the increased risk weights apply to consumer credit exposure of commercial banks, encompassing personal loans, raising it by 25 percentage points to 125 per cent.
RBI Bulletin Forecasts Accelerated GDP Growth for India in Q3 of 2023-24
The report indicates a sequential rise in India's GDP growth for the mentioned quarter, buoyed by sustained festival-related consumer demand.
Morgan Stanley Forecasts Sensex to Hit 74K by December 2024
In the Base case, which holds a 50% probability, the projected BSE Sensex target stands at 74,000.
IT Stocks Surge on TCS Buyback as Nifty Notches Second Consecutive Day of Gains
Vaibhav Vidwani, Research Analyst at Bonanza Portfolio, noted that the announcement of TCS's buyback at Rs 4,150 propelled Nifty IT to surge by 2.69%, making it one of the top-performing sectors for the day.
Japan and India Positioned to Spearhead Growth in Asian and Emerging Market Equities
The report anticipates that Japan and India will surpass expectations in terms of GDP and earnings per share (EPS) growth.
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