Posts in category Economic Times
Govt’s JIT plan for cash flows may trigger reset of liquidity variable (02-04-2024)
Indian lenders adapt to JIT tool with SNA 'SPARSH' for timely fund releases, impacting liquidity in state schemes. RBI utilizes e-Kuber for payments, potentially affecting 24x7 banking demands.
CCI clears IndoEdge’s stake purchase in MG Motor India, other deals (02-04-2024)
The acquisition of shares in MG Motor India will grant InfoEdge India Fund 8.70% of the voting and economic rights, according to a statement by the antitrust regulator. The acquirer is a large value fund for accredited investors, a scheme by IndoEdge which is a contributory determinate trust registered with the Securities and Exchange Board of India as an alternative investment fund, it said.
Record valuation of local equities confirms FPIs’ confidence in India’s growth prospects (02-04-2024)
Sebi Chairperson, Madhabi Puri Buch, applauds FPI's trust in India's growth as local equities peak. Market efficiency enhanced with shorter settlement cycles, reflecting global confidence in Indian markets.
Bitcoin sinks over 7% on ebbing Fed rate-cut bets and cooling ETF demand (02-04-2024)
Bitcoin fell 7.4% to $65,400 in NY with Pepe and dogwifhat tokens declining. Crypto slide linked to Fed policy changes, impacting meme sector. New Bitcoin tokens halving soon amid weakening market post US data.
UltraTech surpasses 150 million tonne of production capacity (02-04-2024)
The country’s largest producer of cement can now produce as much as 150% of cement produced in US, while equaling four-fifth of the total production of cement in Europe.
These 10 consumer discretionary stocks hit fresh 52-week highs; rallied up to 20% (02-04-2024)
The 52-week high is an important technical indicator for traders and investors, indicating a stock's highest value over the preceding year.
Dollar lower after US jobs data little changed, jawboning supports yen (02-04-2024)
The U.S. dollar was down on Tuesday after earlier hitting its highest in almost five months, following a new report that showed U.S. job openings held steady at higher levels in February.
Ashish Kacholia picks up 17% stake in largest homegrown burger chain Jumboking (02-04-2024)
Ace investor Ashish Kacholia has picked up a 17.2% stake in homegrown burger chain Jumboking for an undisclosed amount, becoming its second-biggest shareholder.
Ahead of Market: 10 things that will decide D-Street action on Wednesday (02-04-2024)
Sensex dropped 0.15% to settle at 73,904. Nifty dipped 9 points to 22,453.30. Nifty formed back-to-back Doji patterns on the daily chart, typically indicating a pause before the next move.
SRM Contractors GMP signals robust listing gains for investors on Wednesday (02-04-2024)
SRM Contractors’ outlook is bolstered by several key strengths, including its proven track record of efficiently executing road, tunnel, and slope stabilisation projects within its focused region.