BUSINESS
Limited upside potential for Nifty in next 12 months due to rich valuations
Rich index valuations leave little room for any upside potential, the report said.
FPIs big buyers in financial services
Total FPI inflows in December through 22nd is Rs 57,313 crore including the buying through stock exchanges and primary market.
Domestic Institutional Investors (DIIs) Injected $20.2 Billion in 2023
Despite the consensus expectation of moderate equity returns in 2023 due to factors like rising global interest rates, limited valuation potential, and elevated crude prices amid geopolitical tensions, India's financial markets outperformed predictions.
Apple Reportedly Pursuing $50 Million Deals with News Publishers for GenAI Model Training
While Apple's approach has triggered varying responses among publishers, some express optimism about the prospects of a meaningful partnership.
Tencent Loses $46 Billion in Market Cap Following China's Proposed Gaming Regulation Draft
Tencent Holdings, the leading gaming firm, saw a staggering $46 billion reduction in its market capitalization as Beijing introduced draft regulations aimed at restricting players' spending.
Tata Steel to Weigh Merger Scheme with Indian Steel & Wire Products, Shareholders Meeting Scheduled for Jan 25
Tata Steel Limited, the transferee company, stands as a global leader in the steel industry, boasting a century-long legacy in steel manufacturing and serving as a pioneering force in India's steel sector.
Government Extends Customs Duty Exemption on Masoor Dal until March 2025
Food inflation, constituting a significant portion of the overall consumer price basket, surged by 8.7% in November, compared to 6.61% in October.
Ola Electric Submits DRHP to SEBI, Eyes Rs 5,500 Crore via IPO: Report
As per reports, the IPO's fresh issue component is set at Rs 5,500 crore, with the remaining amount constituting the offer for sale (OFS) category, approximately Rs 1,750 crore.
Government Takes Tough Stance on Public Sector Banks Regarding Major Insolvency Cases
Highlighting the urgency to address these issues, Joshi mentioned that Finance Minister Nirmala Sitharaman will personally oversee the operations of the National Asset Reconstruction Company Ltd (NARCL).
PSU Bank Index Records Over 3% Weekly Loss, Leading Market Downtrend
While sectors like FMCG, oil & gas, and pharma demonstrated gains of over 1%, profit booking activities were evident in PSU banks, private banks, and media indices. The PSU Bank index suffered the most, declining by over 3%.
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