After equities staged a sharp rebound recently, the 12-month forward PE valuation of Nifty50 has expanded to 19.5x and is now trading at one standard deviation above its 10-year average. The MSCI India was trading at a valuation premium of 37 per cent and 96 per cent versus the MSCI World and MSCI EM, respectively.
Bharti Airtel transfers 69.94% stake in Airtel Payments bank to Airtel Ltd
Bharti Airtel has transferred its entire 69.94 per cent stake in Airtel Payments Bank to wholly-owned subsidiary Airtel Limited, a regulatory filing said on Tuesday.