IHC to become Sammaan Capital promoter after ₹8,850 crore investment
IHC to become promoter of Sammaan Capital via $1 billion deal, stake may rise to 63.3%, funding expansion into diversified lending and growth in India
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US-Iran war duration key, not oil levels; IT, pharma attract flows: Mihir Vora
Mihir Vora, CIO of Trust Mutual Fund, explains why the current market environment is different from past crises, with physical supply disruptions in oil and gas driving uncertainty. He highlights that the duration of the crisis will matter more than…
Food delivery valuations may improve as fee hikes lift profitability: Bernstein
Jignanshu Gor, Director & Senior Research Analyst at Bernstein, remains positive on Avenue Supermarts (DMart), Titan and Trent but cautions that broader consumption demand is uncertain amid rising inflation, even as valuations look attractive.
CARE reaffirms ‘AAA’ rating with ‘stable’ outlook for Bajaj Auto Credit’s ₹10,000 crore bank facilities
Bajaj Auto Credit Limited is a wholly owned subsidiary of Bajaj Auto Limited. The reaffirmed rating applies to long-term bank facilities amounting to ₹10,000 crore and carries a ‘Stable’ outlook.
Coforge gets RBI nod for over $1 billion overseas investment in Encora deal
Sudhir Singh, the CEO and Executive Director at Coforge had earlier said the deal would pave the way to perform in the next few years. Shares of the company closed at ₹1,114.70 apiece, down 2.62% in the last trading session…
NTPC unit signs green ammonia supply pact with SECI
The agreement involves the supply of 70,000 metric tonnes per annum of green ammonia to Krishna Phoschem Limited with SECI as an intermediary procurer.
Top insiders sold shares of Nvidia, Dell Technologies and Five Below last week
Top insiders at Nvidia Dell Five Below Ross and ConocoPhillips sold millions in stock after recent gains while Palo Alto Networks CEO bought 10 million shares after a price drop
Modest dip in US futures on geopolitics, tech pressure despite Powell’s inflation assurance
The Nasdaq Composite slid 0.73%, while the Dow Jones Industrial Average edged up 0.11%. The moves follow a mixed close on Monday, when the S&P 500 dropped 0.39% to 6,343.72, marking its third straight day of losses.
Brent crude set for record monthly gain; Asia shares falter as Iran war rages
The higher-for-longer energy prices have meant more pain for Asia, which is highly reliant on energy from the Middle East.
Why did Rupee fall despite RBI’s steps to force dollar sales by banks?
Dollar rupee swings as RBI forces bank dollar sales, oil firms rush to buy Russian crude before waiver ends, rising crude and foreign fund outflows drive strong dollar demand