10 September 2024

Traders build bearish positions on PFC and REC as investors move towards defensive sectors. Source and citation: Ruchita Sonawane, Economic Times, September 10, 2024 TLDR For This Article: Traders have turned bearish on state-owned power finance companies, PFC and REC, amid a broader market correction and profit booking in PSU (Public Sector Undertaking) stocks. These […]

Sensex bounces back, led by gains in FMCG and banking shares. Here’s what investors should know. Source and citation: PTI, Economic Times, September 10, 2024 TLDR For This Article: The Sensex rebounded by 376 points after a four-day losing streak, driven by strong performances from FMCG and banking shares like ICICI Bank, HUL, and HDFC

IndusInd International plans ₹3,000 crore NCD issue to fund Reliance Capital buyout. Here’s what investors need. Source and citation: Rajesh Mascarenhas, Economic Times, September 10, 2024 TLDR For This Article: IndusInd International Holdings (IIHL) plans to raise ₹3,000 crore via non-convertible debentures (NCDs) to fund its acquisition of Reliance Capital (RCap). The NCDs, offering a

Demergers have generated significant gains for investors, unlocking hidden value in various companies. Source and citation: Rajesh Mascarenhas, Economic Times, September 10, 2024 TLDR For This Article: Several companies that demerged in the past year have seen significant gains, with their market value soaring up to 450%. The strategy of spinning off businesses allows investors

Morgan Stanley warns falling oil prices due to global slowdown fears could impact Indian equities. Source and citation: ET Bureau, Economic Times, September 10, 2024 TLDR For This Article: Morgan Stanley warns that the recent drop in oil prices may not benefit India as expected if the decline is driven by global economic slowdown fears.

Fortis plans to acquire 31.52% more in Agilus Diagnostics, expanding its healthcare presence in diagnostics. Source and citation: Banikinkar Pattanayak, Economic Times, September 10, 2024 TLDR For This Article: Fortis Healthcare has applied to the Competition Commission of India (CCI) for approval to increase its stake in Agilus Diagnostics by 31.52%, bringing its total ownership

India’s company registrations decline in August, while LLP registrations surge. Here’s what investors need to know. Source and citation: Banikinkar Pattanayak, Economic Times, September 10, 2024 TLDR For This Article: Company registrations in India fell by 4.1% in August, marking the lowest number of new incorporations this fiscal year. However, Limited Liability Partnerships (LLPs) have

New norms for rooftop solar under PM Surya Ghar Scheme promise growth in renewable energy investments. Source and citation: ET Bureau, Economic Times, September 10, 2024 TLDR For This Article: The Ministry of New and Renewable Energy has issued draft norms for financial mechanisms under the PM Surya Ghar Muft Bijli Yojana. The norms cover

CCI introduces new ₹2,000 crore deal threshold for mergers, impacting M&A activity and India-focused businesses. Source and citation: ET Bureau, Economic Times, September 10, 2024 TLDR For This Article: The Competition Commission of India (CCI) now requires mandatory approval for mergers and acquisitions exceeding ₹2,000 crore involving firms with substantial operations in India. This change

WTO warns against unilateral digital and carbon policies, highlighting risks for global trade and cooperation. Source and citation: Faizan Haidar, Economic Times, September 10, 2024 TLDR For This Article: The WTO warns that uncoordinated digital and low-carbon transition policies could lead to trade tensions, higher costs, and risks for vulnerable economies. The report emphasises multilateral