Evergreening of loans – Is RBI justified in its actions?  January 9th, 2024 16:27
Companies often seek to retire higher interest loans with lower interest ones. Banning banks and NBFCs from investing in Alternative Investment Funds on suspicion, often baseless, of evergreening of loans is creating artificial funds crunch. Instead pursue proactive disclosures of loans from AIFs  and audit committee scrutiny of investments in AIFs  

Goldman Sachs bumps up Nifty 2024-end target to 23,500 January 9th, 2024 16:27
Goldman Sachs#39; earlier target of 21,800 came against a less favourable global macro backdrop, which has since improved

Lok Sabha polls: INDIA allies agree on Maharashtra seats sharing, Congress, UBT to contest 20 each: Report January 9th, 2024 16:27
The NCP faction headed by Sharad Pawar is to be offered six seats under the pact, whereas, Prakash#39;s Ambedkar VBA would be assigned two seats, the report said.

Taking Stock: Last hour selling wipes out morning gains; Sensex, Nifty end flat January 9th, 2024 16:27
Market breadth was in favour of gainers. About 2,243 shares advanced, 1,602 declined and 99 remained unchanged

Gainers and Losers: 10 stocks that moved the most on January 9 January 9th, 2024 16:27
The Sensex and the Nifty closed near the day#39;s low, giving up most of the gains in a volatile session. About 1,980 shares advanced, 1,387 declined and 71 remained unchanged

Saudi Arabia borrows $12 billion as EM nations load up on bonds January 9th, 2024 14:27
The kingdom added to the almost $25 billion of bonds that developing nations had sold since the start of the year, the biggest of those being a $7.5 billion offering from Mexico. The Saudi deal is equivalent to more than half the fiscal deficit the government is projecting for this year.

Xi Jinping vows ‘no mercy’ as he deepens graft fight in key sectors January 9th, 2024 14:27
The Chinese leader singled out the finance, energy, pharmaceutical and infrastructure sectors, as well as state-owned enterprises, as targets of fresh scrutiny at a meeting of the Communist Party’s anti-graft agency on Monday, according to state media.

JD.com unit dives 46% after disclosing ‘suspicious’ revenue January 9th, 2024 14:27
Dada Nexus Ltd. said it may have overstated roughly 500 million yuan of sales from online advertising and marketing, and about the same amount of operating and support costs.

Tata Motors hits 52-week high as JLR has best wholesales in 11 quarters January 9th, 2024 14:27
Morgan Stanley has an #39;overweight#39; call on the counter, with a target price of Rs 890 a share, an upside of 10 percent from the current level

Starbucks#39; India arm plans to operate 1,000 cafes by 2028 January 9th, 2024 14:27
The coffee chain said it plans to enter Tier-2 and Tier-3 cities in tea-loving India and increase the number of its drive-thru, airport-based and 24-hour cafes.