Oil prices rise on possible OPEC supply cuts
OPEC sources later told Reuters that any cuts by the producer group and its allies, known collectively as OPEC+, are likely to coincide with a return of Iranian oil to the market should Tehran secure a nuclear deal with world powers.
Robust demand to catalyse Tata Chemicals growth
Though Tata Chemicals has an ambition to incrementally increase its presence in specialty chemicals, the basic chemicals segment, which forms 75-80% of the revenue, will continue to influence the financials in the medium term.
India needs to rebuild its pandemic-hit MSMEs says Sen
To support MSME, he called for strengthening the architecture of India’s financial system through a greater partnership between banks and non-banking financial institutions (NBFCs).
Wall Street ends higher, with all eyes on Jackson Hole
Investor are now focused be on the Jackson Hole symposium that begins on Thursday, with remarks from Fed Chair Jerome Powell on Friday potentially providing clues about the pace of future rate hikes and whether the central bank can achieve a “soft landing” for the economy.
Torrent Pharma set to acquire Curatio
The transaction will see the exit of existing investors of Curatio, such as ChrysCapital (which holds a 20% stake) and Sequoia Capital (33%). Promoters, including GK Ramani, and the management will also be exiting the company.
Paper stocks continue rally on likely price hike; analysts sound caution
“Investors wishing to make fresh purchases in paper stocks now should be mindful of the run-up witnessed in many months as many of the leading players are not compelling enough on valuation parameters now,” said S Ranganathan, head of research at LKP Securities.