Government Considers Prepaying Market Loans to Compensate States for GST Revenue Loss
Government considering prepaying market loans to compensate states for GST revenue loss amid economic challenges posed by COVID-19. Move aims to provide financial relief and support state governments in managing finances effectively during uncertain times.
WestBridge Capital divests stake in IndiaMART InterMESH, Rajat Agrawal sells Gravita India shares
WestBridge Capital divests 1.2% stake in IndiaMART InterMESH for Rs 190 crore through open market transactions. Rajat Agrawal sells 2% stake in Gravita India for Rs 191 crore. Significant movements in the Indian market observed.
Surge in Market Capitalization of Top 10 Firms Signals Positive Trend
Discover how the market capitalization of the top 10 most valued firms surged by Rs 1.85 trillion, with Reliance Industries leading the way. This positive trend reflects investor confidence and economic growth, signaling potential for further expansion. Stay informed on strategic investment opportunities in a dynamic market environment.
FPIs Infuse Over Rs 38,000 Cr in Equities in March Amid Strong Domestic Economic Outlook
Foreign Portfolio Investors (FPIs) have injected over Rs 38,000 crore in Indian equities in March, driven by favorable global economic conditions and a strong domestic macroeconomic outlook. This surge follows a modest investment in February and a massive outflow in January. Experts attribute the influx to robust GDP growth and expectations of potential RBI policy shifts. FPIs have also invested heavily in the debt market, with a massive Rs 13,223 crore injection this month.
Sharekhan Recommends Buy Rating on Reliance Industries with Target Price of Rs 3130
Sharekhan, a prominent brokerage firm, has expressed a bullish outlook on Reliance Industries, recommending a buy rating on the stock with a target price of Rs 3130 in its recent research report dated January 19, 2024. The report, issued on…