Stock market holiday: In the next four days, Indian markets will be on a long break as trading in stock exchanges BSE and NSE will be shut starting from today till April 17. Meanwhile, investors moved cautiously in view of the Q4 earnings evaluating inflation turmoil just as hike in commodity prices added to the downside. Yesterday, the Indian equities scrapped their early gains and closed on a negative note for the third consecutive day.
he Holcim Group, the world’s largest cement maker, may exit India, seventeen years after it entered the country, putting its twin listed arms Ambuja Cement and ACC Ltd up for sale, as part of a global strategy to focus on core markets, Holcim is believed to have held early-stage negotiations with JSW and Adani Group, among others, to explore their interest levels. Both are recent entrants in the cement sector but have aggressive plans to ramp. Holcim controls 63.1% of Ambuja, which has a market value of about $9.6 billion.
he initial public offering of state-run Life Insurance Corp. of India has drawn significant interest from local and overseas investors, with at least 12 top fund managers committing to bring in around ₹18,000 crore as anchor investors, two people directly aware of the development said.
At least five Indian asset managers, no less than three sovereign funds, two global pension fund managers and two hedge funds have agreed to be anchor investors in the LIC IPO, the people said, requesting anonymity.
Retail payments umbrella entity National Payments Corporation of India (NPCI) on Wednesday said it has approved WhatsApp to add another 60 million users on unified payments interface (UPI), taking the total base to 100 million. India’s automakers shipped fewer passenger vehicles in March than a year earlier as supply-side disruptions persisted. The segment comprising passenger cars, utility vehicles and vans, sold 2.79 lakh units in March, a 3.93% fall year-on-year, according to data released by the Society of Indian Automobile Manufacturers on Wednesday. Sales, however, rose 6.28% over the previous month.
Capital markets regulator SEBI has penalised stock exchanges — BSE and NSE — for ‘laxity’ on their part in detecting misuse of clients’ securities worth Rs 2,300 crore by Karvy Stock Broking Ltd. In two separate orders, the Securities and Exchange Board of India has imposed a fine of Rs 3 crore on BSE and Rs 2 crore on NSE.Business Term of the day
Down trading refers to the practice of switching from expensive products/brands to cheaper alternatives in a bid to conserve cash. As customers turn price-sensitive, bells and whistles no longer appeal. Products which meet the basic requirements are preferred over those that are perceived to be value-adding. Scouting for value-for-money goods defines customer behaviour when they down trade. This trend is seen not only in small-ticket consumption items but also in vehicle or durable goods purchases.
In this episode, find out about Tata Motors’ performance in the global wholesale business, also find out about Nazara Tech subsidiary’s acquisition in Pro Football Network. Read more
In this episode, find out about Tata Motors’ performance in the global wholesale business, also find out about Nazara Tech subsidiary’s acquisition in Pro Football Network. Read more
In this episode, find out why World Bank has cut India’s FY24 growth forecast, also find out about Maruti Suzuki’s SUV strategy for FY24 Business Term of the Day: Credit quality Read more
In this episode, find out why World Bank has cut India’s FY24 growth forecast, also find out about Maruti Suzuki’s SUV strategy for FY24 Business Term of the Day: Credit quality Read more
In this episode, find out why lenders have postponed Reliance Capital’s auction, also find out about HDFC Bank’s strong business growth in FY23. Read more
In this episode, find out why lenders have postponed Reliance Capital’s auction, also find out about HDFC Bank’s strong business growth in FY23. Read more
In this episode, find out about SEBI’s investigation into Adani Group’s links with 3 offshore entities, and also find out why Indian markets fell in early trade today. Read more
In this episode, find out about SEBI’s investigation into Adani Group’s links with 3 offshore entities, and also find out why Indian markets fell in early trade today. Read more
In this episode, find out about Air India’s fund raising from SBI, Bank of Baroda, also find out about PhonePe calling off deal with Zest Money Read more
In this episode, find out about Air India’s fund raising from SBI, Bank of Baroda, also find out about PhonePe calling off deal with Zest Money Read more
In this episode, find out about Vedanta’s interim dividend for FY23, also find out about Jindal Stainless’ nickel supply pact with New Yaking. Read more
In this episode, find out about Vedanta’s interim dividend for FY23, also find out about Jindal Stainless’ nickel supply pact with New Yaking. Read more
In this episode, find out about HDFC approving the issuance of NCDs worth Rs 57,000 cr, also find out about Aditya Birla Capital’s stake sale in Aditya Birla Insurance Brokers. Read more
In this episode, find out about HDFC approving the issuance of NCDs worth Rs 57,000 cr, also find out about Aditya Birla Capital’s stake sale in Aditya Birla Insurance Brokers. Read more
In this episode, find out about the latest resignations at Nyka, also find out about Sun Pharma’s acquisition of Vivaldis Health & Food. Read more
In this episode, find out about the latest resignations at Nyka, also find out about Sun Pharma’s acquisition of Vivaldis Health & Food. Read more