Foodlink F&B files papers for IPO
The offer consists of a fresh issue of ₹160 crore and an offer for sale of 12 million shares. The company’s businesses include events catering, casual dining restaurants and cloud kitchens, and banquets and integrated F&B (food and beverage) services.
Karnataka Bank’s top execs quit over auditors flagging expenses
Karnataka Bank’s MD Srikrishnan Hari Hara Sarma and executive director Sekhar Rao resigned following auditor concerns about expenses exceeding their authority. The board accepted their resignations and initiated a search for replacements, appointing Raghavendra Srinivas Bhat as COO. Auditors flagged Rs 1.53 crore in expenses needing ratification, raising corporate governance questions.
FPIs continue to sell g-secs in June amid weak rupee
Foreign investors continued to offload Indian government bonds in June, albeit at a slower pace compared to the previous two months, influenced by the RBI’s policy shift and global risk aversion. Despite inflows since June 2024, factors like rising oil prices, geopolitical tensions, and a weakening rupee contributed to the outflows.
Nifty ready to scale new highs on bullish mood: Analysts
The Nifty is expected to continue its bullish trend, potentially reaching all-time highs of 26,000-26,200 after breaking out of a consolidation phase. Analysts suggest a ‘buy-on-dips’ strategy, favoring sectors like banking, financials, and auto. Key support lies around 25,200, with potential resistance at 25,800, indicating a positive outlook for the market this week.