SB Adani Family Trust on Thursday sold about 21 crore shares worth Rs 15,446 crore in four Adani Group companies — Adani Enterprises, Adani Ports and Special Economic Zone, Adani Green Energy, and Adani Transmission. The shares were acquired by US global equity boutique firm GQG Partners, which is listed on the Australian Stock Exchange […]
By Kashyap Javeri The Indian equity markets, like most of the global equity markets, have been on a rollover last eighteen months. From the lows of March 2020, the large-cap indices have gained nearly 100-110% and the mid & small-cap indices have gained by 150%-200%. But this is more to do with the low base and […]
KFin Technologies IPO opened for public subscription on Monday, 19 December. The issue will close on 21 December. The company that provides services and solutions to asset managers and corporate issuers across asset classes in India aims to raise Rs 1,500 crore via the IPO which is only an offer for sale (OFS). Promoter entity […]
The Securities and Exchange Board of India (Sebi) may revive plans to create a central database or data repository to store beneficial ownership details of foreign portfolio investors (FPIs), according to people in the know. The proposal to create such a central database was mooted a few years ago by the HR Khan Committee, but […]
Narrowing current account deficit will help the rupee strengthen against the dollar and appreciate to around 79 by the second half of the current fiscal, says a foreign brokerage report. The rupee is likely to strengthen towards 79 by end-FY24 from an average of 82 to the US dollar in FY23, Tanvee Gupta Jain, the […]
By Sameet Chavan The US Fed chairman did not shock the markets this time as they announced a rate hike of 75 bps which was very much in line with expectations. In fact, the dovish commentary lifted the overall sentiments in US markets, which had a favorable rub off effect in our markets at the […]
By Rajesh Palviya Nifty started last week on a flat note however selling pressure throughout the week led the index to end on a weak note. Nifty closed at 17476 with a loss of 309 points on a weekly basis. On the weekly chart the index has formed a long bearish candle forming lower High-Low compared to […]
Indian Rupee opened marginally higher at 82.75 per dollar on Monday against the previous close of 82.86. The local unit is expected to depreciate on the back of a strong dollar and pessimistic global market sentiments amid aggressive monetary tightening policy of major central banks weighing on economic growth. Meanwhile, softening of crude oil prices […]
NSE Nifty 50 may jump 10 per cent from current levels to 17500 by mid-July, says Sanjiv Bhasin, Director, IIFL Securities. In today’s session, Nifty 50 hit a day’s low of 15,760.95. Sanjiv Bhasin in interview with Surbhi Jain of FinancialExpress.com, said that BSE Sensex could fall to 53000 on the downside, and then reclaim […]
For years, red wine has held a cozy spot in the hearts of many, not just for its rich flavors but also for the notion that it could be a secret weapon for a healthy heart. This belief was fueled by the idea that compounds like resveratrol found in red wine might offer cardiovascular benefits. […]