Gold loan financier Manappuram Finance on Saturday said it has received final approval from the Reserve Bank of India (RBI) for the proposed acquisition up to 41.66 per cent of the company's paid-up equity capital / convertible instruments by affiliates of Bain Capital-- BC Asia Investments XXV Ltd and BC Asia Investments XIV Ltd.
A recent market analysis reveals that 13 penny stocks have experienced significant declines, with losses ranging from 15% to 55% over the past month. These underperforming stocks, characterized by low market capitalization and share prices, highlight the inherent risks associated with penny stock investments. Investors are cautioned about the volatility and potential for manipulation in this segment.
Indian stock markets face uncertainty this week. Key factors influencing trading include the ongoing IT sector selloff and potential rebounds. US inflation data and upcoming GDP figures will shape interest rate expectations. Foreign investor flows, the Rupee's movement against the Dollar, and technical chart patterns also play a crucial role. Geopolitical tensions add another layer of risk.
Years of steadily climbing coffee prices have some in this country of coffee lovers upending their habits by nixing café visits, switching to cheaper brews or foregoing it altogether.
A shutdown of the U.S. Department of Homeland Security that took effect early Saturday impacts the agency responsible for screening passengers and bags at airports across the country.
Indian markets experienced a negative week, with Nifty closing lower after failing to sustain early gains. Volatility increased as the index tested crucial support levels. While the medium-term uptrend remains, a corrective phase is evident. Investors are advised a cautious, stock-specific approach, awaiting decisive moves before fresh long positions.
Bangladesh's new leader Tarique Rahman states national interest and public welfare are paramount. His party, the BNP, is set to govern after a long absence. The BNP is seeking the extradition of former Prime Minister Sheikh Hasina from India. Rahman, son of former leaders, faces expectations for significant change. Relations with India are a key focus for the new administration.
