RBI moots principle-based regulatory regime: Dy Guv
The Reserve Bank of India (RBI) is transitioning toward a principle-based regulatory approach, offering broad guidelines to the entities it regulates while allowing for flexibility in how they achieve compliance, according to Deputy Governor Rajeshwar Rao.
Zurich Insurance to acquire 70% stake in Kotak General
Zurich has agreed to pay ₹4,051 crore for 51% stake including fresh growth capital of up to ₹1,609 crore. The expected date of completion for the sale is June 30, 2024, for acquisition of 51% stake by Zurich and acquisition of an additional stake of 19% within a period of three years.
Time’s right to buy g-secs with rates near a peak
So, money managers believe conservative investors looking for regular income could lock into some of these bonds, which come in maturities ranging from a decade to as long as half a century.
L&T likely to sustain momentum on bourses given a strong order momentum
The stock of Larsen & Toubro has gained 11% over the past three months compared with the 7% gain in the S&P BSE Capital goods index. The outperformance of India’s largest infrastructure company is likely to sustain given the strong order flow and execution in the September quarter.
Sensex gains on dovish Fed talk, buoyant local data
“Indian markets ticked higher post-US Fed meeting outcome of keeping interest rates unchanged, leading to a decline in US yields that have been impacting global sentiments recently,” said Pankaj Pandey, head of research, ICICI Securities. “Added to this were sustained healthy corporate earnings for the September quarter and robust auto numbers ahead of the festive […]