HDFC, HDFC Bank surge on talk of early entry into MSCI
Lack of clarity over MSCI inclusion of the merged entity has been one of the key reasons why the stocks have been under pressure. There were concerns that the merged entity would not have enough headroom for additional foreign investments. The investment headroom for overseas investors in the merged entity was around 12% as on […]
MSCI includes 6 Indian stocks in its index
The changes in constituents for the MSCI global standard indices will take place on November 30. These changes are expected to result in a flow of a little over $1 billion, or around ₹8,300 crore, into these six stocks by the end of this month, according to an estimate by IIFL Alternative Research.
Nasdaq, S&P 500 end sharply higher, fueled by inflation optimism
On Thursday, the S&P 500 and the Nasdaq racked up their biggest daily percentage gains in more than 2-1/2 years as annual inflation slipped below 8% for the first time in eight months.
Moody’s pares India growth for 2022 to 7%
The weakening of the rupee and high oil prices continue to exert upward pressures on inflation, it said, forecasting another half percentage point interest rate increase by the Reserve Bank of India to anchor inflation expectations and support the exchange rate.
Indices jump 2% as US inflation nos fuel global market rally
The Sensex closed at 61,795.04, up 1,181.34 points, or 1.95%, from its previous close. The Nifty surged 321.50 points, or 1.78%, to close at 18,349.70. Both indices are now within 1% of their lifetime highs. The record level for the Sensex is 62,245.43 and 18,604.45 for the Nifty.
CPPIB infuses $400 m more in ReNew Power
CPPIB, an existing investor, has made a fresh $400 million investment to buy more shares from Goldman Sachs at $6.50 each. This takes CPPIB’s stake to 31.5% in the company’s voting rights associated with outstanding shares.
RIL to build India’s maiden multimodal logistics park
Phase I development is targeted within two years, by 2025, leading to commercial operations. Total cost of the project under public-private partnership (PPP) mode is estimated at ₹1,424 crore, the ministry said. The 184.27-acre park, awarded by a bidding process, is estimated to cater to 7.17 million metric tonnes of cargo over the 45-year concession […]
IHH Healthcare ready to make open offer for Fortis
It said that following the recent judgment of the Supreme Court, the special leave petition, the original contempt petition and the suo-moto contempt petition are disposed of.