Cable and wire company shares have seen a decline. This is due to a sudden increase in copper and aluminium prices. Investors are reacting to rising input costs. Demand remains steady. Sterlite Technologies is an outlier as it manufactures optical fibre cables. Other companies face higher production costs. Dispatches are slowing as dealers wait for prices to cool.
RBI proposes easing rules for mutual funds, insurers to acquire higher stake in banks
The RBI has proposed one-time approval for mutual funds, insurers and pension funds to increase bank shareholding up to 10% without repeated regulatory clearance. The