Jio Financial Services Ltd (JFSL), the separated non-banking financial services arm of Reliance Industries led by Mukesh Ambani, is poised to be removed from the Nifty 50 and other NSE indices on September 7. The Downturn in Jio Financial Services Share Price Early on Wednesday, Jio Financial Services experienced a dip of over 3% in…
In a significant development, the growth within the key infrastructure sector has surged to a remarkable 8% during the month of July in the year 2023. This expansion comes as a result of meticulous analysis and is substantiated by data provided by the Government. This surge signifies a substantial improvement compared to the same period…
In the realm of India’s corporate landscape, a compelling narrative of resurgence is poised to rewrite the script of mergers and acquisitions (M&A). As economic dynamics evolve and private equity players intensify their bets on the Indian market, a strong comeback for M&A activity seems inevitable. This article delves into the intricacies of this transformative…
In a significant stride towards sustainable urban mobility, JBM Auto is poised to actively participate in the pioneering PM-eBus Sewa scheme, a monumental endeavor set to revolutionize public transportation. With an allocated budget of Rs 57,613 crore, this visionary scheme aims to introduce 10,000 electric buses across 169 cities, leveraging the power of the public-private…
In the latest business move, Hulst BV, under the control of Baring Private Equity Asia, has unveiled plans to divest its complete 26.63% ownership in Coforge, the mid-sized IT firm. This strategic step is anticipated to be executed through a significant block deal, with industry insiders disclosing key details. Key Details of the Stake Sale…
In the upcoming week, several pivotal factors are poised to steer the financial landscape. Among these, the resounding emphasis in Fed Chair Powell’s speech on the conclusion of the ongoing rate hike phase and the probable timing of the rate cut cycle’s commencement are anticipated to capture significant attention. The week just gone by witnessed…
The anticipated shortfall in utilizing capex loans by states could reach up to 20% in the fiscal year 2024, according to a high-ranking government official. This underutilization is primarily attributed to certain states not meeting the stipulated conditions related to reforms. Capex Loans Allocation and Utilization in FY23 In the preceding fiscal year, the Union…
In a strategic move, the government is gearing up to initiate the sale of IRFC shares through an offer for sale (OFS) during the ongoing fiscal year. This authoritative revelation underscores the government’s commitment to prudent financial management. IRFC’s Recent Financial Performance In the first quarter of the current fiscal year, IRFC posted a net…
In a strategic move to invigorate corporate bonds, the Securities and Exchange Board of India (Sebi) has unveiled a groundbreaking proposition to reevaluate the borrowing landscape for major corporations. This dynamic initiative centers on amplifying the utilization of debt securities, thereby fostering a more robust bond market environment. Sebi’s visionary stance seeks to steer substantial…
In an exclusive interview with Moneycontrol, the renowned global investment guru Mark Mobius expressed his belief that the recent credit downgrade of the United States will compel investors to diversify their portfolios into other markets. Mark Mobius has an extensive background in the Indian markets, having previously led the Templeton Emerging Market Group for over…
