Profit by knowlytics
Bank holiday today: Public and private banks in Mumbai, Bengaluru, Chennai, and Hyderabad among other cities, are closed on 14 September for Ganesh Chaturthi. Net and app services are available for customers.
Only a consensus between Noel Tata, who wants to keep Tata Sons private, and Venu Srinivasan, who wants a Tata Sons IPO, can resolve the deadlock.
Brookfield is negotiating to acquire PGP Glass from Blackstone for $1.3 billion. This deal marks a significant transaction between two major alternative asset managers in India. Blackstone aims to exit its six-year investment in the glass packaging company. A binding agreement is anticipated within the next two to three weeks. PGP Glass specializes in packaging…
Food and beverage makers are proactively reducing sugar, salt, and fats in their products. This reformulation effort is happening well before the government’s final labelling verdict. Companies are accelerating these changes, fearing negative sales impacts from proposed warning labels. Multinational corporations are also reducing ingredients ahead of global headquarters’ mandates. This strategic shift aims to…
Indian refiners are using inventories to manage immediate oil supply disruptions. They worry about prolonged closures and widening conflicts impacting crude sourcing. Attacks on Russian ports and falling global inventories reduce buffers for supply shocks. Iran-aligned Houthis are obstructing Saudi oil shipments through the Red Sea. This compounding obstruction threatens the Strait of Hormuz oil…
Shapoorji Pallonji Group is exploring debt options for a ₹3,500 crore repayment. The central bank’s Tata Sons listing mandate offers investors a clear repayment path. This directive will build investor confidence in monetizing Tata group stakes. It also assures future redemption commitments for the conglomerate. The group seeks to manage its financial obligations effectively.
RBL Bank’s stock surge reflects investor excitement over its FCNR(B) inflows, which have expanded deposits and boosted lending capacity. Yet the benefits may take time to materialize, and questions remain about whether this windfall can substitute for building a domestic deposit base.
Despite a flat index and global macroeconomic headwinds like high US yields and crude prices, India’s stock market environment remains structurally healthy due to strong earnings growth and reasonable valuations, says Jignesh Desai, CEO, Kotak Institutional Equities.
Oil prices jump over 3% on more M.East action, Hormuz meeting delay
IPO set to unlock value in group coompanies holding Tata Sons stake