News Overview

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).

Unlike in December, the January 2024 IIP growth saw manufacturing retreating.

Despite not being among the largest schemes in their category, IPSCF and IPMCF manage substantial corpus sizes of ₹7,415 Crore and ₹5,484 Crore, respectively. Recent months have seen heightened awareness in the mutual fund industry regarding the growing illiquidity in the small- and mid-cap segments of the stock market due to the continuous rise in market levels.

Inflation for February 2024 was flat, despite a sharp fall in core inflation.

Sources indicated that Capital International or GIC Singapore might acquire a stake in ITC, with domestic funds such as ICICI Prudential MF and Aditya Birla Mutual Fund also expressing significant interest in the block deal. Other long-only funds and certain insurance funds have also shown interest, according to sources.