BUSINESS
Moody's reiterates India's Baa3 rating but warns of political issues
Though at the same time, it has taken a cautious stand on political issues, citing Manipur's example. It said that curtailment of civil society and political dissent, compounded by rising sectarian tensions, support a weaker assessment of political risk and the quality of institutions.
Zomato's stock likely to be volatile on speculation around possible exits by some pre-IPO shareholders
“While we cannot accurately predict when (if at all) these shareholders would want to exit, we note that several of them are already sitting on sizeable gains, albeit a large chunk of it is unrealised. A few cues from past actions of these investors suggest that at least some of them would be eager to book profits post the recent run-up in the stock”, the report said.
Flipkart co-founder Binny Bansal plans e-commerce startup: Report
According to Money Control, Bansal recently sold his remaining stake in Flipkart and is now looking to create an e-commerce startup.
Over 50cr Jan Dhan accounts opened in 9 yrs
According to information provided by banks, out of these Jan Dhan accounts, 56 per cent accounts belong to women and 67 per cent accounts have been opened in rural and semi-urban areas.
Govt to sell tomatoes at Rs 40 per kg from Aug 20
NAFED and NCCF have been directed by the consumer affairs department to sell tomatoes at Rs 40 per kg from August 20, in view of continued decline in tomato prices in wholesale and retail markets.
Benchmark indices end in red on the back of profit taking in IT, PSU stocks
The 6 per cent deficiency in monsoon was an important factor with several states witnessing deficits across districts. The Evergrande Bankruptcy in China though was brushed away since real-estate loans in India are by and large regulated well now, Ranganathan said.
Nifty declines for fourth consecutive week
The index dropped to the lowest closing level since June 30, said Devarsh Vakil, Deputy Head of Retail Research at HDFC Securities.
Banks can't use penalties imposed on loan defaulters for raising funds: RBI
The central bank has modified norms related to loan accounts to ensure this.
Global quantum computing market likely to reach $7.6 bn in 2027
The forecast includes base quantum computing as a service as well as enabling and adjacent quantum computing as a service.
Jio Financial Services to be listed on stock exchanges on Monday
The scrip will be in Trade-for-Trade segment for 10 trading days. The members are requested to note that the above security will be a part of special pre-open session for IPO and Other category of scrips.
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