Highdell Investment, an entity owned by US-based private equity major Warburg Pincus, on Tuesday divested its entire 8.64 per cent stake in Cartrade Tech for a little over Rs 375 crore via an open market transaction.
Posts in category Economic Times
Rupee weakens for the first time since US Fed rate cut, ends at 83.67 vs USD (24-09-2024)
The rupee weakened for the first time since the US Federal Reserve cut interest rates by 50 basis points on September 18 to end at 83.67/$1 on Tuesday due to dollar demand from local oil importers and outflows in Indian markets, traders said.
New facility, growing product lines will be key to IPO-bound KRN Heat Exchanger’s growth prospects (24-09-2024)
KRN Heat Exchanger and Refrigeration, which provides ventilation solutions to air conditioning (AC) and refrigeration companies, plans to raise upto Rs 342 crore through a fresh issue of equity to set up a new manufacturing facility.
Supreme Court rejects Amit Goenka’s appeal against Sebi’s appointment of KPMG as auditor for SGRL (24-09-2024)
The Supreme Court has rejected Amit Goenka’s appeal against the Securities and Exchange Board of India’s decision appointing KPMG Assurance and Consulting Services as a forensic auditor for debt-ridden Shirpur Gold Refinery Ltd (SGRL) and its subsequent report on the firm.
Sebi mandates UPI for public issue applications of debt securities (24-09-2024)
To streamline the application process for public issues of debt securities, markets regulator Sebi on Tuesday asked individual investors applying for amounts up to Rs 5 lakh through intermediaries to use only UPI to block funds.
US stocks open higher, China stimulus boosts miners (24-09-2024)
Wall Street’s main indexes opened slightly higher on Tuesday, as investors scoured for clues on what the Federal Reserve’s next policy move might be, while commodity stocks got a boost after China unveiled a bumper stimulus package.
Geopolitical shifts to be new sources of shocks for central banks: RBI governor Shaktikanta Das (24-09-2024)
RBI Governor Shaktikanta Das highlighted the challenges posed by geopolitical disturbances and economic fragmentations, emphasizing the need for central banks to adapt swiftly. He also discussed the impact of fintech innovations and advancements in AI on financial stability, stressing the importance of regulation, data security, and ethical considerations.
Sebi issues guidelines for performance evaluation of market infra institutions (24-09-2024)
Markets regulator Sebi on Tuesday issued guidelines on the parameters for the performance evaluation of market infrastructure institutions (MIIs), comprising stock exchanges, clearing corporations and depositories by independent external agencies.
Motilal Oswal initiates coverage on power stocks with upside potential of up to 21% (24-09-2024)
Motilal Oswal has given a “buy” rating to Power Grid, JSW Energy, and Tata Power, with upside potentials of 21.4%, 16%, and 13.3% respectively. NTPC and IEX received a “neutral” rating with target prices of Rs 250 and Rs 226.