Bengaluru Deputy Chief Minister D K Shivakumar announced that the Congress party has nearly finalized candidates for upcoming by-polls in Sandur, Shiggaon, and Channapatna, scheduled for November 13. Ministers are tasked with ensuring victories in these seats. The list will be sent to the party’s high command for approval.
Niva Bupa Health Insurance, Paras Healthcare get SEBI’s nod to float IPOs (21-10-2024)
Going by the draft papers, the proposed IPO of Niva Bupa Health Insurance is a combination of fresh issuance of equity shares worth ₹800 crore and OFS of shares valued ₹2,200 crore by a promoter and an investor shareholder
Rupee slips to record closing low on outflows, weak Asia FX (21-10-2024)
The Indian rupee declined to its weakest closing level on record on Monday but avoided sharper losses as likely intervention by the Reserve Bank of India (RBI) blunted the pressure from weakness in regional peers and persistent dollar outflows.
Pound speculators further reduce net long positions (21-10-2024)
Large currency speculators further reduced net long position in the Pound futures, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net long position of 85802 contracts in the data reported through October 15, 2024. This was a weekly decrease of 7333 net contracts.
Bandhan Bank – in a sweet spot? (21-10-2024)
Lot of noice around Microfinance portfolio. Can we say this is the quarter with max pain and situatatio will start improving from here on once the interest rate start reducing ?
Bandhan Bank keep saying their GNPA will remain in the range of 3.25 to 3.6 %. I hope they deliever same this quarter.
September quarter sees rise in retail holdings of PSU stocks (21-10-2024)
In the quarter ending September 2024, retail investors increased their holdings in 40 out of 59 PSU stocks compared to the previous quarter. Since early September, the Sensex has gained around 2.8%, while the BSE PSU index has declined by 2.35%, with most PSU stocks facing a correction.