10 August 2024

Stock exchanges extend enhanced surveillance measures to companies with market capitalizations up to ₹1,000 crore. Source and citation: Article by ET Bureau, August 10, 2024, Economic Times TLDR For This Article: From August 13, stock exchanges will expand the Enhanced Surveillance Measure (ESM) framework to include companies with market capitalizations up to ₹1,000 crore, aiming […]

SIP investments hit a new record in July, reflecting strong retail investor confidence in equity mutual funds. Source and citation: Article by ET Bureau, August 10, 2024, Economic Times TLDR For This Article: Equity mutual fund investments via SIPs hit a record high of ₹23,332 crore in July, showing growing retail investor confidence and robust

Ola Electric’s IPO lists at ₹76, closes at ₹91, signalling strong market demand and future prospects. Source and citation: Article by ET Bureau, August 10, 2024, Economic Times TLDR For This Article: Ola Electric’s IPO listed at ₹76 and closed at ₹91.2, reflecting strong investor interest and a positive market outlook. Analysis of this news

India’s foreign exchange reserves reach a record $675 billion, impacting various industries and investment strategies. Source and citation: Article by ET Bureau, August 10, 2024, Economic Times TLDR For This Article: India’s foreign exchange reserves reached a new high of $675 billion, signalling strong external sector resilience and potentially influencing various economic and investment trends.

RBI data shows slower growth in bank credit and deposits, signalling potential economic impacts for investors. Source and citation: Article by ET Bureau, August 10, 2024, Economic Times TLDR For This Article: Recent RBI data reveals a slowdown in both bank credit and deposit growth in July compared to last year, indicating potential economic cooling.

PwC recommends Gift City-style manufacturing zones to hit $1 trillion exports target, potential investor insights inside. Source and citation: Article by Kirtika Suneja, August 10, 2024, Economic Times TLDR For This Article: PwC India suggests establishing large manufacturing zones similar to Gift City for financial services, aiming to achieve India’s $1 trillion goods export target

CAG’s report on fiscal prudence notes off-budget disclosure issues, impacts for investors and industries explored. Source and citation: Article by ET Bureau, August 10, 2024, Economic Times TLDR For This Article: The Comptroller and Auditor General (CAG) reports fiscal consolidation progress by the Indian government but flags concerns over incomplete disclosures on off-budget borrowings and

Medanta’s ₹1,200 crore investment in Mumbai marks its expansion with a new 500-bed super-specialty hospital. Source and citation: Article by Viswanath Pilla, August 10, 2024, Economic Times TLDR For This Article: Medanta is investing ₹1,200 crore to build a 500-bed super-specialty hospital in Mumbai, expanding its footprint in the city. The project is expected to

Satcom industry divided over TRAI’s plan to merge service regimes, impacting global and Indian telecom strategies. Source and citation: Article by Himanshi Lohchab, August 10, 2024, Economic Times TLDR For This Article: Global satellite communication (Satcom) companies are divided on TRAI’s proposal to merge two different service authorizations, with significant implications for the Indian and

CPP and ADB consider $100M funding for JBM Ecolife, boosting India’s electric bus sector. Source and citation: Article by Mohit Bhalla, August 10, 2024, Economic Times TLDR For This Article JBM Ecolife Mobility, an electric bus operator, is in talks with CPP and ADB for $100M funding, following a major tender win for 1,390 electric