The Government of Singapore, HDFC Mutual Fund and the Monetary Authority of Singapore bought promoter shares worth thousands of crores in Vishal Mega Mart as Samayat Services LLP offloaded a 14% stake via bulk deals. The stock fell despite solid quarterly profit and revenue growth.
Barclays shares fell on Friday after media reports it and other banks face potential losses related to the collapse of UK mortgage provider Market Financial Solutions Ltd, amid wider concerns about lending standards and the fast-growing market for private finance.
Credent Global Finance raised Rs 30 crore through a QIP to strengthen its growth capital following a sharp jump in quarterly earnings. The fundraise supports its expansion strategy as revenue and net profit surged sharply year-on-year. The company also expanded its leadership team to drive its next phase of growth.
Indian government bond yields fell in February as surplus banking liquidity supported demand ahead of record government borrowing in the next fiscal year, while the yield curve steepened as rates across tenors were impacted by varied factors.
Wealth creation demands more than savings accounts. Robert G. Allen highlights that millionaires grow fortunes through investments like stocks and real estate. These assets historically outpace inflation, unlike savings accounts where money can lose purchasing power. Investing focuses on capital growth, while saving preserves it. Embracing calculated risks and diversification is key to financial independence.
Indian markets fell sharply, with the BSE Sensex dropping 961 points amid global worries and foreign outflows. However, stronger-than-expected GDP growth of 7.8% and upbeat signals from GIFT Nifty improved sentiment, suggesting a positive start and near-term resilience despite volatility.
The Indian rupee strengthened in February to log its first monthly rise since April 2025 as a pick-up in foreign portfolio inflows and the announcement of a U.S. trade deal eased pressure on the emerging market laggard.
Astra Microwave Products is planning a demerger. Its space, meteorology, and hydrology business will become a new company called Astra Space Technologies Private Limited. This move aims for sharper management focus and better operational efficiency. Shareholders can expect value unlocking. The company expects to complete this by the first quarter of FY28.
Amid fears that artificial intelligence is just a bubble ready to be popped, billionaire investor Howard Marks said that it is very real and capable of doing a lot of work. However, he remains inconclusive regarding whether investing in AI will be profitable.
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