Sebi officials flag ‘toxic’ work culture to government
Sebi officials have complained to the finance ministry about a toxic work culture under chairperson Madhabi Puri Buch. The letter accuses the leadership of using harsh language, setting unrealistic targets, and monitoring employees excessively. Sebi claims issues have been addressed, but concerns about mental health and work-life balance persist.
Ventive Hospitality, a Blackstone JV, lines up Rs 2,500-crore IPO
Ventive Hospitality, a joint venture between Blackstone Group and Panchshil Realty, plans to file for an IPO to raise ₹2,500 crore. The company owns luxury hotels in India, the Maldives, and Sri Lanka. JM Financial and Kotak Mahindra Capital are appointed for the IPO process.
Is the market showing signs of fatigue? Deven Choksey answers
I agree that some part of the IT and pharma, it is slightly looking tired, maybe they have had the run, which is possibly the reason for which they are currently undergoing some amount of quiet movement on the counters.
Bond St lights up with FPI money, more to flow in after Fed rate cut
Foreign ownership of Indian government bonds surged in August, driven by expectations of a US rate cut and JP Morgan’s inclusion of local debt in its index. This trend is likely to continue as global portfolio managers seek emerging market assets, with India benefiting from strong fundamentals and resilient economic data.
Nvidia suffers record $279 billion loss in market value as Wall St drops
Shares of Nvidia plunged 9.5% in a historic single-day decline, shedding $279 billion in market value. This drop reflects investor caution about AI technology amid a broader market selloff following weak economic data. The PHLX chip index also fell significantly, highlighting concerns over the payoff from AI investments.
ETMarkets Smart Talk: Indians betting big on U.S. markets with $6 bn in direct investments: Ashish Kashyap, INDmoney
Through the direct route, Indian investors have the option to create accounts with US based brokers and remit money via the Liberalized Remittance Scheme (LRS), and invest directly in U.S. stocks and ETFs.
Asia tracks worst US selloff since August crash: Markets wrap
Asian stocks fell after Wall Street experienced its worst day since August 5, driven by weak US data and declining oil prices. The upcoming August jobs report is expected to show a modest increase in payrolls, while the Federal Reserve considers rate cuts to address economic concerns.
Wall Street drops on September worries, upcoming data
U.S. stocks fell sharply on Tuesday, marking the start of a historically weak month for the market. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average saw their biggest declines since early August. Weak manufacturing data and anticipation of Federal Reserve interest rate decisions contributed to the downturn.
Stocks in news: General Insurance Corp, ONGC, SpiceJet, GSK Pharma, Cipla
Stocks in news: Domestic markets remained steady with minor changes, continuing a gradual uptrend. Key stocks in focus include General Insurance Corp, ONGC, SpiceJet, GSK Pharma, and Cipla due to various developments. Notable updates include the government’s stake sale in General Insurance Corp and ONGC’s potential refinery project.
Finance minister Nirmala Sitharaman asks ministries to set quarterly capex targets
Finance Minister Nirmala Sitharaman has urged various ministries and departments to speed up capital spending and set quarterly targets. In a series of meetings, she reviewed productive spending and asset creation across infrastructure sectors. Discussions included national highways, private capital attraction, and FY25 capex plans for Bharat Net and 4G mobile projects.