News Overview

"The (TPAP license) approval will come before March 15 and most of the checks have been completed," according to one of the individuals.

HDFC NIFTY Realty Index Fund will be managed passively with investments in stocks comprising the Underlying Index subject to tracking error.

Despite rising 0.4% in February as predicted, the CPI's year-over-year gain of 3.2% was only marginally higher than the 3.1% increase that was anticipated. Core numbers exceeded projections as well.

Analysts of IIFL Capital Services raise CRISIL’s and CARE’s EPS by 3%- 4% and cut ICRA’s FY24 EPS by 3% (no change in FY25 and FY26). ICRA remains analysts of IIFL Capital Services top pick. Their Mar’25 TPs for CRISIL/ICRA/CARE for ₹5,029/6,610/1,303.

By the end of December, Kotak Mahindra Bank possessed a 9.80% share in KFin Technologies.

U.S. fuel and crude oil stockpiles decreased last week, according to market sources quoting data from the American Petroleum Institute, which is another sign of strong demand.

Through its WoS Jubilant Foodworks Netherlands B.V., JUBI increased stake in DP Eurasia in January’2024 to 94.28% from 49.04% earlier. Cost of this acquisition is Rs11.99bn — of which 2.52bn will be paid through equity, while the balance 9.47bn through debt at 5.34% rate of interest.

On March 11, the Supreme Court denied SBI's appeal for an extension until June 30, 2024.

US consumer inflation was marginally higher due to higher oil and gas prices.

JG Chemicals operates three manufacturing facilities with a total installed capacity of 77,040 metric tonnes per annum, located in Jangalpur and Belur (Kolkata), and Naidupeta (Andhra Pradesh).