Category: Uncategorized

Bain Capital makes open offer to raise Manappuram stake to 41.7%

Bain Capital has launched an open offer to acquire an additional 26% stake in Manappuram Finance at ₹236 per share, following its earlier purchase of an 18% stake for ₹4,385 crore. If fully subscribed, Bain’s holding could rise to 41.66%, after which it will be classified as a promoter and jointly control the company with […]

Framework to measure tech health of bourses on the cards

The market regulator has proposed an IT Resilience Index (ITRI) to assess the technology robustness of stock exchanges and other market infrastructure. This index will monitor the health of IT systems, with availability and security carrying the highest weightages. The framework aims to provide clearer insights into vulnerabilities and enable inter-institutional comparisons.

Morgan Stanley sees S&P profit boom despite West Asia war

Despite Middle East conflict, Corporate America’s growth remains strong, with strategists boosting profit outlooks. This resilience, defying concerns over oil prices and consumer demand, suggests the current oil spike is unlikely to end the business cycle. Analysts now estimate S&P 500 companies will grow profits by 11.9% in the first quarter.

Nifty’s rebound not enough to allay Dalal Street fears

Indian equities saw a relief rally with the Nifty climbing 3.5% in two sessions, fueled by optimism over de-escalation in West Asia and softening crude prices. However, the Volatility Index (VIX) only eased a modest 7%, indicating traders are maintaining hedges due to uncertainty about the sustainability of the current peace and the market’s bottom.

Lok Sabha approves Finance Bill, tax rules eased

The Lok Sabha approved the Finance Bill, introducing enhanced tax authority powers and changes to share buyback taxation, capping the surcharge at 12%. The bill also allows retrospective tax case reopening and revalidation of past orders. Finance Minister Nirmala Sitharaman stated the aim is to reduce litigation and compliance burdens for small taxpayers and businesses.

India gathers data to counter US claims of excess capacity

India is compiling detailed industry data following a US Section 301 probe into alleged excess capacity in sectors like petrochemicals and steel. The commerce ministry is gathering information on production, employment, and policy support to address US concerns about practices potentially burdening American commerce.

Inflation target held at 4% for next five years

India has maintained its retail inflation target at 4 percent for the Reserve Bank of India. This decision ensures continuity and price stability amidst global economic uncertainties. The framework, set for another five years until March 2031, obligates the RBI to manage monetary policy for price control. This move influences government fiscal measures, aiming for […]

Finance Minister Nirmala Sitharaman moves Bill to amend IBC, speed up resolution

A new bill aims to speed up bankruptcy resolution in India. Finance Minister Nirmala Sitharaman introduced amendments to the Insolvency and Bankruptcy Code. The proposed changes focus on creditor-led, out-of-court settlements. This aims to reduce delays and improve the process for resolving insolvent companies. The bill also addresses cross-border and corporate group insolvency cases.