Sensex, Nifty end flat after hitting record highs; broader indices gain 1%

Closing Bell on September 14, 2023: Sectorally, the Nifty PSU Bank index gained 1.64 per cent, the Nifty Metal index added 1.5 per cent, and the Nifty Realty eked out gains of 1.4 per cent

3:19 PM

ALERT :: SAT to hear Punit Goenka case at 4:30 PM today

3:10 PM

With 71% jump in 4 days, this PSU stock is at its highest level since 1994

The average trading volumes on the counter nearly doubled with a combined 31.2 million equity shares, representing 3.2 per cent of total equity, having changed hands on the NSE and BSE. READ MORE

2:54 PM

MasterCard appoints former SBI chief Rajnish Kumar as chairman

Kumar will guide Mastercard’s South Asia executive leadership team led by Gautam Aggarwal, division president for South Asia and country corporate officer, India, "in navigating the vibrant domestic payments landscape", said the company about the appointment in a press statement. READ MORE

2:42 PM

Fitch retains India's growth forecast at 6.3%, flags inflation risks

"The Indian economy continues to show resilience despite tighter monetary policy and weakness in exports, with growth outpacing other countries in the region," Fitch said, while projecting 6.3 per cent growth for current fiscal, and 6.5 per cent for next fiscal. READ MORE

2:27 PM

JP Morgan bond index rebalancing: Borrowing costs in India to get cheaper

Moreover, the Reserve Bank of India (RBI) has been taking feedback from foreign banks to better handle increased custodian flows from foreign investors. Currently, JP Morgan assigns a maximum of 10 per cent weightage to a country. READ MORE

2:15 PM

ALERT :: Income Tax survey at Alkem Labs' premises, says report; stock in red

2:04 PM

India's outward FDI falls 33% sequentially to $1.2 bn in Aug: RBI data

Outbound FDI, expressed as financial commitment, has three components: Equity, loans, and guarantees. A slowdown in economic and business activities, especially in developed markets, has impacted direct investment flows, both inbound and outbound, bankers said. READ MORE

1:52 PM

ALERT :: Kedaara Cap buys significant minority stake in Navneet Education arm, says report

According to TV report:

>> Kedaara Cap buys significant minority stake in K12 Techno

>> K12 Techno Services is a sub-brand by Navneet Education

>> Kedaara will work with Peak XV Partners, Navneet Education & Sofina Ventures

 

1:36 PM

ALERT :: Axis Finance files case against Zee Entertainment

ZEEL says:

The company has been served with an appeal on behalf of Axis Finance Limited against the company before the NCLAT, Delhi, challenging the order dated August 10, 2023 passed by NCLT, Mumbai Bench.
 

1:23 PM

ALERT :: Intellect Design Arena arm signs deal with AFC Commercial Bank to modernise banking

>> Intellect Global Consumer Banking (iGCB), the consumer banking arm of Intellect Design Arena Limited, has announced that AFC Commercial Bank has chosen iGCB's Core Banking offering, Intellect Digital Core (IDC) to modernise its banking operations.

READ HERE

1:11 PM

ALERT :: Insecticides (India) granted patent for invention titled 'Novel Amid compound'

12:55 PM

ALERT:: L&T teams up with BAE Systems for BvS10 vehicles; stock marginally up

BAE Systems and Larsen & Toubro (L&T) have partnered to bring the world-leading Articulated All-Terrain Vehicle (AATV), the BvS10, to the Indian market. The two companies have signed an agreement to offer the BvS10 for an Indian Armed Forces programme.

12:43 PM

Hindalco surges 7% in 2 days on pact with Italian firm to make rail coaches

Meanwhile, Novelis, as subsidiary of Hindalco, expects global demand for aluminum beverage can sheet to grow at a 3 per cent compounded annual growth rate from 2022 to 2031. READ MORE

12:29 PM

ALERT:: Grasim unveils brand name for paint biz 'Birla Opus'; stock trades flat

Grasim Industries today unveiled the brand name of its paints business, 'Birla Opus'. The market launch of Birla Opus is scheduled for Q4FY24. Grasim will offer a full suite of high-quality products in the decorative paints segment.

12:15 PM

ALERT:: Cipla sale in jeopardy as family seeks $13 billion valuation; stock up 0.5%

Cipla sale in jeopardy as family seeks $13bn valuation

 

Source: Bloomberg