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IDFC First Bank Limited (04-10-2024)
Merger complete and SHP of new entity is out along with other updates for the month of Sept 2024.
It looks like bank is at close to long term support of ~71. Hope all negative news flow is factored, overall Banking sector and IDFC First which was not participated much in bull run in last year will improve
Disc: Holding IDFC First, about 2% of PF with 3% loss.
Zomato – Should you order? (04-10-2024)
TAM is not that huge as illustrated by my post comparing sales of zomato and blinkit with hul nestle etc
Zomato – Should you order? (04-10-2024)
Buy a business which will deliver returns if it is being run by idiot because sooner or later it will be.
Rupee logs worst week since May, hurt by equity outflows, Middle East risk (04-10-2024)
The Indian rupee remained nearly stable at 83.9725 against the U.S. dollar, ending a week of significant equity outflows and rising crude oil prices fueled by Middle East tensions.
Benchmarks end with major cuts; media shares slide; VIX jumps 7.27% (04-10-2024)
As per provisional closing, the S&P BSE Sensex tumbled 808.65 points or 0.98% to 81,688.45. The Nifty 50 index dropped 235.50 points or 0.93% to 25,014.60.
Delhi drug bust: Cong leader’s ‘involvement’ dangerous, shameful, says Amit Shah (04-10-2024)
Union Home Minister Amit Shah criticizes the involvement of a prominent Congress leader in a major drug bust worth Rs 5,600 crore, calling it dangerous and shameful. The BJP alleges the kingpin has ties to the Delhi Youth Congress, a claim dismissed by the opposition party.