PVR Inox’s decision to divest its entire stake in premium popcorn brand 4700BC is a strategic, review-led monetisation that should strengthen the balance sheet and sharpen focus on the core cinema business, according to a First Take note from Investec. The brokerage has maintained a ‘Hold’ rating on the stock with a target price of Rs…
Thaawar Chand Gehlot (File photo) NEW DELHI: Karnataka governor Thaawarchand Gehlot has become the latest to decline the customary address to the legislature on Thursday, amid a series of recent controversies surrounding governors’ addresses to legislative assemblies.Following the development, the Karnataka government said a high-level delegation led by the law minister would meet the governor…
CAG K Sanjay Murthy (ANI) Comptroller and Auditor General of India K Sanjay Murthy on Friday said expanding access, strengthening data-driven governance and advancing institutional maturity in financial management are key pillars for achieving the Viksit Bharat vision, PTI reported.Speaking at the Viksit Bharat talk during the 100th Common Foundation Course at the Lal Bahadur…
MUMBAI: RBI deputy governor T Rabi Sankar on Friday said that stablecoins are inherently unstable and pose major macro-financial risks, including currency substitution, dollarisation and weakened monetary-policy transmission.Sankar’s comments come at a time when US govt’s stance is broadly supportive of dollar-denominated payment stablecoins as part of the formal financial system, distinct from lightly supervised…
MUMBAI: From solar parks in the desert to wind farms along the coast, India’s clean energy transition is attracting a growing queue of global capital. Copenhagen-based AP Moller Capital is making its first private equity investment in India, backing a new renewable energy platform that will develop 900 MW of clean energy capacity. While this…
Michael Burry, the investor known for predicting the 2008 financial crisis, warned that bitcoin’s BTC$76,635.99 recent drop could have ripple effects across markets, particularly in gold and silver. In a Substack post Monday, Burry said crypto’s decline may have forced institutional investors and corporate treasurers to unload positions in other assets to cover losses. “It…
Stock market began the week in red with Nifty trading below 24,000 and Sensex tumbling over 2,000 points as the Middle East conflict continues to intensify. As of 9:27 am, NSE Nifty50 was trading 23,703.60, down 746.85 points or 3.05%. BSE Sensex plunged 2,415.69 points or 3.06% to trade at 76,503.21. This follows a weak…
NEW DELHI: Nearly a third of restaurants listed on food delivery platforms said they would stop using them due to rising commissions and lower profits, according to a report by economic policy think tank NCAER and investment firm Prosus.The report stated that 30% of restaurants surveyed wanted a reduction in the commission structure, with the…
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