Weekly Market Outlook: Nifty hints at consolidation amid rising volatility
It was also expected that the current uptrend might stand disrupted and the markets may slip under corrective consolidation. The trading range again got narrower; against 499 points in the week before this one, the NIFTY oscillated in a 232.75 points range.
IPO Tracker: Epack Durables, RK Swamy file draft papers with Sebi for public issue
Epack Durables is the second largest original design manufacturer (ODM) in the Indian room air conditioner manufacturing market, and had a market share of 29% in terms of volume in fiscal 2023. RK Swamy is one of India’s largest integrated marketing services providers, offering a single-window solution for creative, media, data analytics and market research […]
Funding remains biggest risk to merger, says HDFC Bank MD
He has been in a sense the person who guided the institution, he created the entire financial conglomerate along with his esteemed colleagues of whom Keki Mistry and Renu Karnad have joined the board.”
Deloitte may step down as auditor of Adani Ports & SEZ ahead of term
According to one of the persons, a formal announcement is expected in the next three-four days. The firm was reappointed statutory auditor last year for a five-year period, according to the company’s annual report for FY22.
ITC hotels could take up to 15 months to get listed: Puri
Last month, ITC announced its board has approved in-principle the demerger of the hotels business where ITC retains 40% stake and 60% will be owned directly by the company’s shareholders proportionate to their shareholding in ITC. Puri said there is no change in economic interest of ITC shareholders in the new arrangement since they will […]
MSCI index rejig may result in $1.4b inflows into stocks
MSCI added 40 stocks to its Global Smallcap Index and removed 11. India has seen the maximum addition of stocks in the Global Smallcap Index within the Asia-Pacific region. Mrs Bector’s Food, Neuland Laboratories, and Patel Engineering are among 40 stocks that will be part of the MSCI Global Smallcap Index with effect from August […]