Adani, Wilmar look to offload $670million JV stake
The owners are exploring selling equal stakes that may total 13 per cent in Adani Wilmar, said the people, asking not to be identified as the information is confidential.
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State of the Economy: How macroeconomic indicators performed in June 2024?
Retail Inflation and Wholesale Price Inflation increased to 5.08 per cent and 3.36 percent respectively snapping months long record; Unemployment rose to 8-month high at 9.2 per cent. Industrial production grew 5.9 per cent, UPI transactions saw a dip, while…
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NCLT admits Axis Finance’s plea against Primat Infrapower & Multiventures
The Mumbai bankruptcy court has admitted Essel Group affiliate Primat Infrapower & Multiventures under the corporate insolvency resolution process (CIRP) following an application filed by Axis Finance Ltd. Axis Finance, a subsidiary of Axis Bank, approached the tribunal after the…
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RBI may revisit ‘withdrawal of accommodation’ stance by September: SBI Research
RBI may reassess policy in September due to a 0.1% drop in US inflation in May, potentially leading to a Fed rate cut. SBI Research notes June CPI driven by vegetables and monsoon. June 2024 saw higher core, rural, urban…
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Sebi mulls over raising F&O contract value from Rs 5 lakh to Rs 25 lakh: Report
A committee formed by the markets regulator to examine the futures and options segment has made preliminary recommendations aimed at reducing speculative trading. These recommendations, including the proposed agenda, are part of an effort to enhance stability and fairness in…
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PV Subramanyam calls Sebi’s move to start new asset class fantastic
PV Subramanyam supports SEBI’s new asset class for Rs 10-15 lakhs investors, bridging mutual funds and Rs 50 lakhs PMS. It allows long-short strategies, SIPs, derivatives, and index funds, attracting HNI market, young professionals, and small PMS managers.
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