The agreement - announced on Friday - follows a weeks-long bidding war where Netflix seized the lead with a nearly $28-a-share offer that eclipsed Paramount Skydance's nearly $24 bid for the whole of Warner Bros Discovery, including the cable TV assets slated for a spinoff.
Former RBI Deputy Governor R. Gandhi highlighted concerns over inflation falling below the MPC's target, necessitating measures to boost growth and production. He clarified the RBI's focus on managing rupee volatility rather than targeting a specific exchange rate, attributing recent depreciation to trade deficits and year-end outflows.
Investor Sandip Sabharwal urges caution on stretched valuations and corporate disclosures. He sees opportunities in financials, auto stocks, and L&T for the coming year. Largecap stocks appear solid, with midcap opportunities to emerge gradually. Sabharwal anticipates market returns of 12-15% across segments. He also notes pressure on Eternal due to quick commerce losses.
Market expert Sandip Sabharwal views rupee depreciation as inevitable due to trade deficits, while anticipating a US Fed rate cut. He sees easing overhang for ITC Hotels and a buying opportunity in IndiGo despite short-term turbulence.
Wockhardt shares on December 1 jumped 19% after the US FDA accepted the companys New Drug Application for Zaynich, its first-in-class antibiotic. But the rally cooled over the next two days as investors booked profits, leading to back-to-back 5% drops.
Hindustan Construction Company (HCC) shares dropped as the stock turned ex-rights ahead of its 999.99-crore rights issue. The company will issue up to 79.99 crore shares at 12.50 each, in a ratio of 277 rights shares for every 630 held. The offer opens on December 12 and closes on December 22, with rights renunciation allowed until December 17 (on-market) and December 19 (off-market).
