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India's foreign exchange reserves reached a new high of $689.235 billion at the end of September 6, according to the Reserve Bank of India. This marks the fourth consecutive weekly increase, with reserves rising by $5.248 billion in the last week alone. The rise is attributed to healthy dollar inflows and appreciation in other global currencies.
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News and Media
HSBC has given a 'buy' rating to Krishna Institute of Medical Sciences and Apollo Hospitals, while assigning a 'reduce' rating to Global Health and Narayana Hrudayalaya. The brokerage sees a positive growth outlook for the hospital sector due to rising demand for quality healthcare, with several hospitals planning significant bed additions in the coming years.
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News and Media
A shareholder has approached the NCLAT challenging the NCLT's approval of ICICI Securities' delisting application. The appeal cites misapplication of regulations, fraudulent voting, and non-transparency concerns. Quantum Mutual Fund and minority shareholders argue that the share swap negatively impacts them. An investor has also moved the Bombay High Court against SEBI's decision.
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News and Media
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