Reseñas

In the United States, manufacturing activity contracted for a fourth straight month in February, but a gauge of prices for raw materials increased last month, stoking concerns that inflation would remain stubborn.

The transaction, announced in March 2022, has been closed for a cash consideration of 116.03 billion rupees ($1.41 billion).

The group’s flagship company Adani Enterprises gained 14.70% to close at ₹1,564.3. The stock has surged 31% in two trading sessions. Adani Green, Adani Transmission, Adani Power, Adani Wilmar, Adani Total Gas, and NDTV surged 5% – the highest tradeable limit of the day. Ambuja Cements, ACC, and Adani Ports Continue Reading

Moody’s has maintained a stable outlook for India’s banking system citing strong fundamentals of the local economy which will support credit growth and prevent deterioration in asset quality. The rating agency has however flagged loans to small and medium-size enterprises (SMEs) which it said could pose risks to banks’ asset Continue Reading

Bajaj Finserv Asset Management Limited (BFAML) will be the investment manager of the MF business and Ganesh Mohan, who has been a part of Bajaj Finserv for 8 years as group head for corporate strategy, will lead the AMC as CEO.

SoftBank is the largest public stakeholder in the logistics company, holding an 18.42% stake as of December 31, 2022, through its entity SVF Doorbell (Cayman) Ltd.

The National Asset Reconstruction Company (NARCL) on Tuesday gave a ₹222.5 crore binding offer for verified claims of ₹619 crore, said two people with knowledge of the matter. The offer from NARCL equates to a 36% recovery for lenders and has triggered a ‘Swiss challenge’ auction.

“Some of them will be very successful and some of the companies are very unique. There are no me-too companies in that particular segment,” said the value investor whose team has been meeting the management of new-age companies.

After eight consecutive sessions of losses we have snapped that and probably we are seeing some sort of relief rally and from here I believe Nifty can test 17600 zones and Bank Nifty can move towards 41000. So that is where we are heading for the immediate basis.

​I agree with what the CSO is saying that they are still maintaining a 7% GDP growth for the full year that is FY23. The consequent March quarter data should be somewhere around 5.1.