KKR, NIIF, Cube, Sekura eye road assets in South
Incorporated in 2009, the 90-kilometre Navayuga Udupi Tollway covers Kundapur-Surathkal and Mangalore-Kerala border sections on NH17, which connects Panvel to Kochi. The project has a concession period of 25 years from September 2010. The proposed deal is expected to value the project at ₹1,200 crore.
Centre plans to double loan amount for street vendors
The government is planning to double the amount of the first tranche to ₹20,000, according to people aware of the matter. The housing and urban affairs ministry is holding discussions with banks involved in disbursing loans on how to shape the three tranches and the amounts to be loaned.
Ahead of Market: 10 things that will decide D-Street action on Friday
Nifty has formed a bearish candle with a gap but has managed to close above 18,000 level. Broad based indices Nifty 500 indicates slight gloomy over bulls as 127 stocks advanced while 373 declined
Equity mutual fund inflow declines by a third in October
The net AUM in October of the mutual fund industry stood at Rs 39,50,323.28 crore in October while the AAUM stood at Rs 39,53,208.95 crore
Centre releases 2 instalments of tax devolution totalling Rs 1.16 lakh crore to states
“The Union Government has released two instalments of tax devolution to State Governments amounting to Rs. 1,16,665 crore today, as against normal monthly devolution of Rs. 58,333 crore,” the finance ministry said in a statement.
DCX Systems rocking grey market ahead of listing while others muted
Dealers tracking the grey market said DCX Systems is a standout among all listing contenders in the near term – thanks to its pure fundamental strength
States’ indebtedness to be high at 30-31% of their GDP in FY 2023: Report
Besides, sticky revenue expenditure and the need for higher capital outlays, along with modest revenue growth, will keep borrowings up this fiscal, Crisil said. But the Centre’s proposed special assistance of Rs 1 lakh crore to all states for capital spending will provide some respite.
Dollar slumps as US inflation slows
The dollar index fell 1.495% and fed funds futures priced in a sharp decline in expectations for the Fed’s peak target rate, which fell below 5%. The likelihood of a 50% basis point hike by the Fed instead of 75 in December rose to 71.5%.
India weighs steps to cool record wheat prices, government sources say
Stung by a sudden drop in crop yields, India banned exports of the grain in May. Market arrivals from the previous harvest, meanwhile, have slowed to a trickle as farmers have run out of stocks, growers and traders said.
Inox Green Energy’s Rs 740-crore IPO: All you need to know
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