Tencent Cloud sells shares worth Rs 1,668.15 crore in PB Fintech
As of June 30, Tencent Cloud Europe B.V. held a 4.26% stake in the company. Axis Mutual Fund, Mirae Asset MF, Marshall Wace Investment Strategies Eureka Fund, SBI MF and Goldman Sachs (Singapore) PTE-ODI were among some of the buyers.
Bullish F&O rollovers hint at more peaks in the making for Nifty
“We have seen longs being added to the Nifty index, and there was a spike in the last hour, showing that there is momentum on the long side of the index, which was rolled over from August to September,” said Chandan Taparia, head of technicals and derivatives at Motilal Oswal Financial Services. “Shorts were also […]
Adopting tech helped conduct wider consultation: Sebi Chief
Adoption of technology has helped Sebi conduct extensive consultations before coming out with new rules, said Buch. “Imagine if we had tried to do this manually (on analysing the 6,000 comments received). We would have died!,” she said
Today’s MSCI index rejig can bring $5.5 billion to D-Street
“MSCI’s August 2024 review changes for its standard and small-cap indices will be implemented on Friday, likely leading to $5.5 billion in net inflows,” said Sriram Velayudhan, head of alternative research at IIFL. “This includes adjustments to country weightings, with India expected to gain substantially post-rebalancing.”
Gangwal sells 5.25% stake in InterGlobe for Rs 9,549 crore
In February 2022, Rakesh Gangwal, co-founder of India’s largest carrier, announced his decision to gradually reduce stake in the company and stepped down from the company’s board. This decision followed a two-year-long bitter battle with co-promoter Rahul Bhatia.