EQT’s India deal pipeline may reach $5B in 2024. Analysis of investor and industry impact. Source and citation: Barman, Arijit. “‘EQT’s India Deals may Touch $5b this Year’.” The Economic Times, 17 Apr. 2024. TLDR: EQT’s India deal pipeline for 2024 may reach $5 billion India represents 40% of EQT’s Asian investment portfolio and is […]
Fitch affirms ratings of 7 Indian PSU banks at ‘BBB-‘. Analysis of investor impact provided. Source and citation: “Fitch Affirms Ratings of SBI, Canara and Five Other PSU Banks at ‘BBB-‘.” The Economic Times, 17 Apr. 2024, ET Bureau. TLDR: Fitch affirms ratings of 7 Indian public sector banks (PSBs) at ‘BBB-‘ Stable outlook maintained
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Mutual fund assets grew 35% in FY24, highest since FY21. Analysis of investor impact provided. Source and citation: “Mutual Fund Industry Assets Grow 35% in FY24.” The Economic Times, 17 Apr. 2024, ET Bureau. TLDR: Mutual fund industry assets under management (AUM) grew 35% in FY24 Highest growth since FY21 when the industry grew by
Rupee weakens past 83.50/$1 on Middle East tensions and US rate worries. Investor impact analyzed. Source and citation: “Rupee Plunges Below 83.50 as West Asia, US Rate Worries Continue.” The Economic Times, 17 Apr. 2024, ET Bureau. TLDR: Rupee hits new low, weakening past 83.50/$1 Fading hopes of US rate cuts and Middle East tensions
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Indian IT stocks slump on bearish bets. Analysis of investor impact and industry outlook provided. Source and citation: “IT Stocks Slump as F&O Bears Mount Bets on More Downside Fears, Infy Results in Focus.” The Economic Times, 17 Apr. 2024, ET Bureau. TLDR: Indian IT stocks slumped, with the Nifty IT Index falling 2.6% on
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India’s road execution growth to slow in FY25. Analysis of investor and industry impact provided. Source and citation: “Road Execution to Grow 5-8% in FY25 to 12,500-13,000 Km: Icra.” The Economic Times, 17 Apr. 2024, PTI. TLDR: Road execution in India expected to grow 5-8% to 12,500-13,000 km in FY25 Growth slows from 20% expansion
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CBDT requires reporting of high-value transactions by June 30. Analysis of investor and industry impact. Source and citation: Shukla, Anuradha. “Report All High-Value Transactions of FY23 by June 30: CBDT.” The Economic Times, 17 Apr. 2024. TLDR: CBDT asks self-reporting organisations (SROs) to file details of high-value transactions for FY23 by June 30 Around 6,000
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NTPC’s green energy arm to file for IPO by July. Analysis of investor and industry impact. Source and citation: Samant, Shilpa. “NTPC Green to File DRHP by July, Aims for Listing by November.” The Economic Times, 17 Apr. 2024. TLDR: NTPC Green Energy Ltd (NGEL) to file draft red herring prospectus (DRHP) by July Aims
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Power Ministry’s 100-day plan prioritizes transmission lines, hydro policy. Analysis of investor and industry impact. Source and citation: Samant, Shilpa. “Scaling Up Transmission, Hydro Policy in PowerMin’s 100-Day Plan.” The Economic Times, 17 Apr. 2024. TLDR: Power Ministry to focus on transmission lines, hydro policy, viability gap funding for battery storage Transmission plan for 500
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RBI suggests central fund for bank internal ombudsmen salaries. Analysis of potential impact on investors. Source and citation: Tiwari, Dheeraj. “RBI Asks Banks to Look at Setting Up Central Fund to Pay Internal Ombudsmen.” The Economic Times, 17 Apr. 2024. TLDR: RBI proposes central fund to pay salaries of banks’ internal ombudsmen (IOs) Aims to
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