Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.
Related Posts
Calcutta Stock Exchange seeks to put exit application on hold
The Calcutta Stock Exchange requested Sebi to withhold its exit application. This action follows the West Bengal government’s support for reviving the exchange. The exchange plans to formally withdraw its exit application soon. The state government has communicated its revival proposal to the central government. CSE faces significant regulatory and technological challenges ahead.
Block deal alert: Meesho shares in focus as Peak XV, Elevation Capital eye Rs 1,900 crore stake sale
Peak XV and Elevation Capital plan to sell a 2.3 per cent stake in Meesho via Rs 1,900 crore block deals. This follows Meesho narrowing its Q1 net loss to Rs 133 crore, while brokerages like Citi and Morgan Stanley remain divided on near-term growth dynamics.
Brent below $80 to sustain OMC earnings recovery
Oil marketing companies’ margins are expected to remain stable as crude prices stay below $80. Recent crude price drops have significantly improved earnings for state-owned oil companies. These companies incurred substantial under-recoveries on fuel sales earlier this year. Current integrated margins are more than double historical averages, boosting annual earnings. Analysts suggest under-recoveries could be…