Fri, Feb 23, 2024 1:01 PM
Carlyle may seek almost 4x of what it paid in 2020 for 24% stake in Airtel
A Flip by Riya Sharma
As Indian markets experienced corrections in October amid weak earnings, sustained foreign investor outflows and heightened geopolitical tensions in the Middle East; domestic mutual funds (MFs) took an aggressive stance, accumulating blue-chip stocks. Foreign institutional investors (FIIs) sold over Rs 94,000 cr in October, while MFs made net purchases exceeding Rs 92,000 crore in local equities.
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India has expanded its mandatory hallmarking of gold jewellery and artifacts to 18 additional districts, bringing the total to 361 districts, with over 40 crore items hallmarked since its launch in 2021, ensuring greater trust and transparency for consumers and increasing registered jewellers and assaying centers.
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Agrochemical major UPL Ltd. will hold a board meeting on Wednesday, November 20, to determine further details for its proposed rights issue, it said in an exchange filing on Thursday. The board will meet on November 20 to determine the rights issue price and related payment mechanism, entitlement ratio of the rights issue, the record date and timing of the rights issue as well.
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