As per the National Company Law Tribunal (NCLT) order, lenders have to complete the resolution process of Reliance Capital by January 31, 2023.
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Abrdn to sell its entire 10.2% stake in HDFC AMC
The brokerage said the move will alleviate the supply risk in the stock. In a notice to the stock exchanges, HDFC AMC said co-sponsor abrdn, formerly known as Standard Life Investment holding a 10.21% stake, plans to sell it entirely.
These 6 companies’ promoters reduce their pledged share; stocks surge up to 100% so far in FY23
Promoters pledge the share to raise funds for business expansion
MegaMask debut at CoinAgenda with Wire Network’s support
The launch was announced at CoinAgenda, a global conference held in the Caribbean island of San Juan, Puerto Rico, between December 5 and 7
RBI rate hike as expected but was a bit hawkish on the margin
The RBI governor also stated that Inflation has remained at or above the upper tolerance band since January 2022 and core inflation is persisting around 6%
Axis Bank plans to raise up to Rs12,000 cr via Tier II bonds
The fund raise will include a base issue of up to 1,000 bonds, aggregating to Rs 1000 crore , with a green-shoe option to retain oversubscription of up to 11,000 bonds, aggregating to Rs 11,000 crore
US stocks open lower as recession worries mount
At 9:54 a.m. ET, the Dow Jones Industrial Average was down 80.70 points, or 0.24%, at 33,515.64, the S&P 500 was down 12.07 points, or 0.31%, at 3,929.19, and the Nasdaq Composite was down 70.86 points, or 0.64%, at 10,944.03.
RBI keeping a close watch on rate transmission: Governor Shaktikanta Das
The weighted average lending rates (WALRs) on fresh and outstanding rupee loans have increased by 117 bps ( one basis point is 0.01 percent) and 63 bps, respectively, over the period May to October 2022 during which the central bank raised the benchmark policy rates by 190 basis points from Continue Reading
Finbridge Expo 2022: Milan Vaishnav, Jhunjhunwala, Asmita Patel among key speakers
The two-day traders’ conference will start on December 17. It provides an opportunity to connect and interact with experts, driving investment and wealth creation for several investors.
Tech View: Nifty forms small red candle on charts. What traders should do on Thursday
The index slipped below its recent consolidation on the hourly chart, suggesting a waning bullishness. The momentum oscillator is in a bearish crossover. The trend is likely to remain negative going forward; support on the lower end is pegged at 18,500/18,350. On the higher end, resistance is visible at 18,670/18,750.