Japanese lender Sumitomo Mitsui is preparing to sell its entire 1.65% stake in Kotak Mahindra Bank through block deals, reported CNBC-Awaaz on September 9. The sale would involve 3.28 crore shares, expected to raise around ₹6,000 crore. Brokerages have already reached out to FIIs and mutual funds to gauge interest in the proposed deal, sources […]
For the first time since January 2017, the Nifty 50 Index is trading at a higher valuation than the MSCI India Index, as the entry of expensive stocks has lifted its forward P/E multiple above the globally tracked benchmark. According to Bloomberg data, the Nifty is trading at 22.77 times one-year forward earnings, compared with
Nifty Valuation Surpasses MSCI India Index After Addition of High-Priced Stocks Read More »
The Bombay Stock Exchange (BSE) has proposed to introduce pre-open trading sessions in futures and options (F&O) starting December 8, 2025. This move aims to improve price discovery and align the derivatives market with the cash market, where pre-open sessions are already available. In its statement, BSE said the pre-open session will be applicable for
BSE to Launch Pre-Open Trading in F&O from December 8 Read More »
Shares of Indian textile and shrimp companies came under sharp pressure on August 28 after the United States imposed a steep 50% tariff on Indian imports. The move, announced by US President Donald Trump with an additional 25% duty effective August 27, has made Indian exports far costlier compared to Asian peers like Bangladesh and
Textile & Shrimp Stocks Fall After US Slaps 50% Tariff on Indian Imports Read More »
The Goods and Services Tax (GST) Council is likely to discuss options to keep the overall tax incidence on tobacco and other sin goods unchanged as India moves towards a two-rate GST structure. The meeting is scheduled for September 3–4, according to reports. Currently, tobacco attracts nearly 52% tax through a combination of GST and
Hospitality startup OYO is preparing to file its Draft Red Herring Prospectus (DRHP) in November, aiming for an IPO valuation of around $7–8 billion, according to reports. The proposal will likely be taken up by the board next week. In a statement, the company said the decision regarding the IPO will be guided entirely by
OYO Set to File DRHP in November, Eyes $7–8 Billion IPO Valuation: Report Read More »
New Delhi: Japan is likely to set a fresh investment target of 10 trillion yen (around USD 68 billion) for India during Prime Minister Narendra Modi’s visit later this month, according to a report by Kyodo News. The move would mark a sharp increase from the earlier five-year commitment of 5 trillion yen announced in
Japan May Double Investment Target for India to 10 Trillion Yen During PM Modi’s Visit Read More »
Mumbai: Automobile sales, especially small cars and entry-level two-wheelers, may see weaker demand this festive season as buyers wait for clarity on the government’s proposed Goods and Services Tax (GST) restructuring. The festive season begins later this month with Onam and Ganesh Chaturthi, but industry experts fear consumers may delay purchases due to uncertainty over
Festive Season Car and Two-Wheeler Sales May Slow Down Amid GST Restructuring Plan Read More »
Mumbai: Indian stock markets opened the week on a strong note, with benchmark indices Sensex and Nifty rallying more than 1 percent on Monday. The sharp rise was supported by Prime Minister Narendra Modi’s announcement of GST reforms, S&P Global’s rating upgrade for India, and firm global cues. At around 10 am, the Sensex surged
Kotak International, the global arm of Kotak Mahindra Bank, has secured a licence from the United Arab Emirates’ Securities & Commodities Authority to sell investment funds and portfolios directly to onshore retail investors. This makes Kotak the first Indian financial institution to receive such an approval in the UAE, reflecting the growing interest of Gulf
Kotak Mahindra’s Global Arm Gets UAE Nod to Sell Funds to Retail Investors Read More »
