BUSINESS
FPIs have turned buyers in leading banks
Even though FPIs made an investment of Rs 9,000 crore in India in November, they were sellers for Rs 368 crore in the cash market. This has changed in December with big time buying in the cash market, SAID V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Government Implements Ban on Onion Exports to Control Price Surge
These actions are part of the government's strategy to regulate onion markets and prevent price escalation by prioritizing domestic availability.
Small and midcap stocks at historical peak valuations versus Nifty
Historically, small and midcap stocks enter a period of outperformance once they reverse from deep phases of underperformance, and perform poorly when they have high trailing outperformance.
Tata Reportedly Plans to Construct New iPhone Factory in Tamil Nadu, Aims to Employ 50,000 Workers
The proposed Hosur facility is expected to exceed the scale of Tata's existing Wistron-acquired unit, which currently employs over 10,000 individuals. Simultaneously, Apple aims to manufacture over 50 million iPhones annually in India, part of its strategy to reduce production dependence on China, as reported by the Wall Street Journal, citing sources familiar with the matter.
Supreme Court Questions CBI Over Chanda Kochhar's Interim Bail Extension for 11 Months
During the proceedings, the court noted an adjournment request made on Kochhar's behalf and questioned the continuation of her interim bail.
India's Forex Reserves Reach 4-Month High
In the week ending November 17, the reserves had already seen a boost of $5.077 billion, reaching $595.397 billion.
India's Tech Startups Witness Lowest Funding in 5 Years, Produce Only 2 Unicorns in 2023
Funding reductions spanned all stages: late-stage saw a 73% dip, followed by early-stage (70%) and seed-stage (60%).
Zomato Sees Share Deal Worth Rs 1,125 Crore, With SoftBank Possibly as Seller
This transaction involved the exchange of about 1.06 percent stake in the company, equivalent to 9.35 crore shares, during the early trading session.
Nifty Surges Past 21,000 Mark, Sets New All-Time High
As anticipated, the RBI Governor's decision to maintain key lending rates at 6.50 percent was already factored into market expectations.
RBI Keeps Repo Rate Unchanged At 6.5% For Fifth Consecutive Time | 10 Points
RBI projects Consumer Price-based Inflation (CPI) at 5.4 percent for the current fiscal year. Against a backdrop of declining inflation to 4.87 percent in October, the MPC meeting anticipates the November inflation figures to be released next week. The government mandates the RBI to maintain CPI inflation at 4 percent with a 2 percent margin on either side.
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