“Under current macroeconomic conditions, still weak demand conditions are flattening the Phillips curve in India, providing some manoeuvring room for monetary policy to support the recovery without being hemmed in by demand-driven inflation concerns,†RBI said.
Tesla shares are nearing bear market territory after tumbling over the past week as chief executive Elon Musk sold a chunk of his stock in the electric vehicle maker, and hinted that he may sell more.
The initial public offering (IPO) comprises fresh issuance of equity shares worth Rs 200 crore and an offer for sale of 85.1 lakh shares by promoters and existing shareholders, the draft red herring prospectus (DRHP) filed with Sebi showed.
In a regulatory filing on Monday, Balaji Telefilms said it is seeking approval of members of the company by way of remote e-voting process for special resolutions of the revised remunerations of Shobha Kapoor and Ekta Kapoor for the remaining period of two years of their present tenures with effect from November 10, 2021.
Its total consolidated income from operations during July-September 2021 stood at Rs 135.43 crore, against Rs 77.65 crore in the year-ago period.
In another transaction, Credit Suisse Singapore offloaded 365,607 shares of SJS Enterprises at Rs. 530.8 apiece through a bulk deal on the NSE.
From a technical perspective, it is important to note that Nifty50 has failed to sustain above 18150; this is the level that the index needs to take out convincingly to invalidate the current, potentially bearish, Head & Shoulders pattern.
The S&P technology and communication services sectors were the best performers in early trade, adding 0.4 per cent and 0.6 per cent, respectively, while Meta Platforms Inc led gains among FAANG stocks with a 3.2 per cent rise.
Morgan Stanley projects India’s GDP growth at 7.8 per cent in 2022-23 (Apr-Mar) and 7.2 per cent the following fiscal year.
Speaking to CNBC-TV18, Sinha said that the parliamentary panel hosted various representatives of cryptocurrency exchanges in India earlier today but the panel did not form any view on the topic.
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