BUSINESS
Sharp up-move in IT stocks implying faster demand inflection than what Accenture commentary indicates
A soft 2Q guide despite a favourable comp, suggest trend reversal, if any, would be back-ended. In fact, lower end of Accenture’s FY24 organic growth guidance (now slightly below 0-3 per cent) implies no improvement even in 2H.
Valuations in mid & small cap segments are excessive, warn analysts
The steady rise in the US market which has helped the Dow to set a new record high, is exhibiting the same trend.
Air India Express Set to Launch Flights from Ayodhya Airport Starting December 30th
Aloke Singh, Managing Director of Air India Express, expressed excitement about launching operations from Ayodhya immediately after the airport opens.
Report Says Ola Electric and FirstCry Set to Submit Draft IPO Papers Next Week
Moneycontrol revealed that FirstCry aims to raise $500 million, with a significant 60% allocated to the offer for sale (OFS) segment and the remainder earmarked for the primary segment.
RBI Grants Razorpay and Cashfree Final Approval as Payment Aggregators
"Exciting news! Razorpay has obtained the final authorization from the Reserve Bank of India @RBI to function as a Payment Aggregator (PA) as per the Payment Settlements Act, 2007. We're proud to be among the initial Payment Gateways to secure the final PA license from RBI," Razorpay shared on X.
US Economy Caps Off Strong Year as Democrats Enter Festive Season
Wall Street began its celebrations early, igniting the question: will this buoyant momentum persist through the week?
RBI Enforces Stricter Guidelines for Banks and NBFCs' Investments in AIFs
Effective immediately, the RBI demands regulated entities to divest their AIF investments within 30 days if the fund invests in an existing borrower.
Global Positivity Aids Equities as Consolidation Marks Second Consecutive Day
The broader market saw slight losses, with Midcap100/Smallcap100 dipping by 0.4%/0.1%, respectively. Notable activity occurred in PSUs, FMCG, and energy sectors, all showing over 1% gains.
Sky One and SpiceJet Express Interest in Acquiring Go First Amid Liquidation Concerns
The acquisition interest comes amid Go First facing challenges, with a significant number of employees not reporting to work due to non-payment of salaries, as stated in an affidavit submitted by the resolution professional overseeing the insolvency process.
Jaishankar: Emphasizing India's Moment at Book Launch by JGU Professor
He highlighted India's unique developmental pathway, offering social safety nets efficiently through digital infrastructure, and envisioned India becoming a $10 trillion economy with inclusive growth, transitioning from a balancing to a leading power globally. The event took place at O.P. Jindal Global University, celebrating its growth as a leading institution in higher education.
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