The Carlyle Group, among the world’s largest investment firms, is looking to sell the stake for Rs 7,000-7,500 crore, valuing Airtel’s data centre unit at Rs 24,000-29,000 crore ($3-3.5 billion, inclusive of debt), the people cited said. Bharti Airtel owns 75.96% of Nxtra Data, a leading player in India’s data centre industry. Airtel has first right of refusal on the stake but is reckoned to have waived it, said the people cited.

“Rainbow Children's Medicare stock has been in an ascending trend and is rising gradually. It took support near the important 50-EMA level of 1185. Traders can buy for a target of Rs 1350-1500,” Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd, said.

Can a resident individual subscribe to an 'unregulated' fund in Singapore? Can a local startup buy into a fintech firm abroad? Is a high-net-worth (HNI) individual barred from holding fixed deposits in an offshore bank? Will an Indian company holding a minority stake, but having no 'control', in a foreign company have to walk the extra mile on compliance? For months many Indians, keen to diversify their assets and execute business strategies, have been looking for unequivocal answers to a slew of such questions.

ZEE shares tumbled 14.8% on the BSE on Wednesday to close at Rs 164.50 apiece, after Bloomberg reported Sebi had found that about $241 million (Rs 2,000 crore) might have been diverted by the company promoters. This has added to the steep decline in the ZEE share price after Sony Group scrapped a $10-billion merger plan involving its India business. A key factor for the collapse of the deal was the Sebi finding.

Yum Restaurants has sold its entire stake in Devyani International, which operates KFC and Pizza Hut, through an open market transaction on Wednesday.

The loans that Credit Fair will lend will have a principal of minimum Rs. 10,000 and a minimum tenure of six months with new to credit borrowers and borrowers who have a credit score. “It could be good if there is more clarity on P2P lending from the regulator like if digital lending guidelines apply here, or more simplification in assignment and transfer of loans, or clarity on primary and secondary market in P2P”, said Aditya Damani, CEO, Credit Fair.

V. Jagannathan, the founder of Star Health and Allied Insurance Company, is launching a new venture in the health insurance sector called Galaxy Health. At 79 years old, he has applied for a preliminary license with the insurance regulator to establish the new company. Jagannathan is reportedly in talks with the TVS Group for potential equity participation in the venture, having previously partnered with the ETA Star Group.

India is set to become the largest member of the World Trade Centers Association, potentially surpassing China within five years. This growth reflects India's increasing global presence, highlighted by active participation in major economic discussions alongside major economies. Currently, India has about 40 WTCA licensees, with many Indian entrepreneurs establishing successful companies in the US. The WTCA is bringing its global business forum to India in March 2024, aiming to engage every city holding a World Trade Center license and connect Indian businesses with those from other member countries.

The planned initiatives in these regions include organising B2B (business-to-business) activities and India evenings where key tourism stakeholders would be invited; lots of roadshows, events, and virtual and physical marketing activities; and targeted India-specific campaigns, the official said.

The minutes of the January 30-31 Federal Open Market Committee meeting showed policymakers remain attentive to the trajectory of inflation, with some worried that progress toward the central bank's 2% target could stall. Together, the record reinforced the Fed's preference for more evidence that inflation is firmly on a downward path.

But as Grasim's entry takes the sheen off most of the incumbents, their stocks, too, could lose colour. Grasim had announced its foray in the paints business a little over 3 years ago with an initial investment of ₹5,000 crore, which it then doubled to ₹10,000 crore.

Zee shares plunged 14.7% on Wednesday on news reports that the Securities and Exchange Board of India (Sebi) may have found inconsistencies worth $241 million in the accounts of the company. The stock closed at ₹164.5.

But inside the annual Exchange conference, industry insiders were obsessing over an event that could prove a far bigger deal for the $8.4 trillion business than the long-awaited launch of spot Bitcoin ETFs: Regulatory approval of new share-class structures.

The stock hit a fresh record high of Rs 1,468 on February 19, 2024, but witnessed some profit-taking thereafter. However, the technical setup suggests that as long as the stock trades above 50-DMA, bulls should be able to make a comeback.

Nvidia shed 1.2% after a more than 4% decline in the prior session ahead of the semiconductor firm's quarterly earnings, expected after markets close on Wednesday. Five of the 11 major S&P sectors eased in early trading, with rate-sensitive technology stocks down 1%.

Capital markets regulator Sebi on Wednesday slapped a fine of Rs 3 lakh on three entities for failing to wind up India Growth Fund, a scheme of Kotak SEAF India Fund, after completion of its tenure.

The China Securities Regulatory Commission, led by newly appointed Chairman Wu Qing, has also created a task force with the nation’s stock exchanges to monitor short selling and issue warnings to firms that profit from the wagers, sources said.

The Nifty hit a fresh record high of 22,249 in intraday trade while the S&P BSE Sensex fell over 400 points. Sectorally, selling was seen in utilities, oil & gas, power, public sector, energy, and capital goods stocks while some buying was visible in realty stocks.

Marquee funds, including Citigroup Copthall Mauritius, Franklin Templeton MF, Axis MF, SBI MF, Goldman Sachs, Morgan Stanley, Societe Generale, Sundaram MF bought stakes in the company through the deal.

Moody's expects the bank's asset quality to remain broadly stable as India's economic momentum continues to be robust. Indian corporates' improving profitability and deleveraged balance sheets are supporting stable asset quality.

The Dow Jones Industrial Average fell 80.14 points, or 0.21%, at the open to 38,483.66.

HSBC Holdings on Wednesday reported a shock $3 billion charge on its stake in a Chinese bank amid mounting bad loans in the country, sending the British bank's shares plunging and taking the shine off its record annual profit.

The Nifty hit a fresh record high of 22,249 in intraday trade while the S&P BSE Sensex fell over 400 points. Sectorally, selling was seen in utilities, oil & gas, power, public sector, energy, and capital goods stocks while some buying was visible in realty stocks.

Equity benchmark indices Sensex and Nifty broke their six-day winning run on Wednesday and settled with a steep fall amid fag-end selling triggered by a rush for profit booking and mixed global cues. The 30-share benchmark Sensex stayed mostly firm during intra-day but settled 434 points or 0.59% lower at 72,623.09 points. It touched the intra-day low of 72,450.56, down 0.83% from the previous closing level of 73,057.40 points.Similarly, the broader Nifty also paired all its intraday gains before closing 141.90 points or 0.64% down at 22,055.05 points."The bullish chart pattern like higher tops and bottoms continued as per daily timeframe chart and Wednesday's swing high of 22,249 could now be considered as a new higher top of the sequence. Hence, short-term weakness could be expected and the next lower supports to be watched at 21,850-21,750 levels," said Nagaraj Shetti, senior technical research analyst at HDFC Securities.Here are 6 stock recommendations for Thursday:

The bullish chart pattern like higher tops and bottoms continued as the per daily timeframe chart and Wednesday's swing high of 22,249 could now be considered as a new higher top of the sequence.

While they cannot be called half hearted attempts, the fact is the Chinese government's attempt to revive economic growth through sale of special bonds, allowing selective concession for sectors like real estate, cutting CRR for some category banks did not pay the way the Chinese government had expected. So, finally, the Chinese central bank decided to cut the rate this week once again. Now this is not the first time that they have made an attempt, probably a fourth monetary stimulus attempt. The question is whether this time will have an impact, first signs would come from commodity markets. The good part is the Indian metal companies are better prepared to take the advantage of opportunity this time as compared to the past.

Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on a security from extreme bearishness to bullishness. In Monday's trading session, five stocks saw top short covering. Here's the list:

Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on a security from extreme bearishness to bullishness. In Wednesday's trading session, four stocks saw top short covering. Here's the list:

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Wednesday's trading session, five stocks witnessed a top-long unwinding. Here's the list:

A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Wednesday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:

Barring metal, PSU bank, and realty, all major sectoral indices ended in the red. NTPC, PowerGrid, and Wipro were the top Sensex laggards, falling over 2% each. HCL Tech, L&T, and Tech Mahindra also closed lower, while Tata Steel, SBI, IndusInd Bank, and JSW Steel gained.

BlackRock Inc the world's largest investment manager with close to $10 trillion in assets along with Hong Kong based Segantii Capital Management, Millenium Management LLC along with local investor SBI Life Insurance, ICICI Prudential Life Insurance and Nippon Asset Management led institutional investors in bidding for the bank's shares.

​UBS Global Wealth Management said it now expects the U.S. Federal Reserve to start lowering interest rates in June, compared to its prior view of cuts beginning in May.

While they cannot be called half hearted attempts, the fact is the Chinese government's attempt to revive economic growth through sale of special bonds, allowing selective concession for sectors like real estate, cutting CRR for some category banks did not pay the way the Chinese government had expected. So, finally, the Chinese central bank decided to cut the rate this week once again. Now this is not the first time that they have made an attempt, probably a fourth monetary stimulus attempt. The question is whether this time will have an impact, first signs would come from commodity markets. The good part is the Indian metal companies are better prepared to take the advantage of opportunity this time as compared to the past.

Here is a look at companies from the Nifty500 pack where pledged shares by promoters have increased on a sequential basis. (Data Source: Trendlyne)

RE’s domestic sales volume grew by 16% year-on-year to 6,30,273 units in the first nine months of the current fiscal year despite new bikes launched by Hero-Harley and Bajaj Triumph. The quarterly run-rate of the RE Classic 350 bike, the company’s highest selling bike, was 80,180 units during the period compared with 78,974 units in the comparable period a year ago. It suggests that the new bikes introduced by the competition have expanded the addressable market for RE’s premium bikes due to a strong franchise.

Probably the debate on valuations is over or even if it is taking place, the majority has accepted that yes valuations are high but at the same time liquidity is also high which is ensuring that the street is under the control of bulls. Now there is enough historical evidence to show that valuations matter and justifications don't stand the test of time. Now to take care of the valuation factor, investors looking to invest in midcap space should just push the filter levels a bit higher and should look more closely at business and financial parameters before investing. Right from whether the trend in promoters shareholding to dividend track record to what is the debt situation. Some hard work will ensure that when the street gets into a mode of correction, probability and yes only probability of relatively less drawdown in portfolio value.

The agreement between Bilawal Bhutto Zardari's Pakistan Peoples Party (PPP) and the Pakistan Muslim League-Nawaz (PML-N) of three-time Premier Nawaz Sharif ended days of uncertainty and negotiations after an inconclusive election more than ten days ago.

Benchmark Nifty 50 index hit a record high for the third straight session on Wednesday, amid broad-based gains that were led by metal stocks. Following positive sentiment from the market, six Nifty50 stocks hit a new 52-week high. Here's a list:

The gold and silver prices are in focus this week as FOMC minutes are awaited. Ravindra Rao, VP & Head of Research at Kotak Securities says, "The focus will be on the FOMC minutes this week. We anticipate a slightly hawkish tone due to higher inflation levels. There's an expectation of consensus on a Fed rate cut this year, which could support gold and silver prices. Additionally, global flash PMIs will influence market dynamics. The prices will be potentially sideways until FOMC minutes.”

In one corner of the Street, a select few are debating about “What will happen to HDFC Bank?” Being a widely held bank in the institutional category of investors, this was bound to happen. Let them debate as many other private & public sector banks are moving on their path. One should keep an eye on them besides the much-talked-about HDFC Bank. For private sector banks, the majority of them have seen recovery as some kind of rational trade is still taking place even in the private banking space. For PSU banks, after a short few days of volatility movement, they have been able to recover faster, indicating continued interest. Probably at another time, private banks may be getting classified as “Private Banks - Ex HDFC bank”. Yes, there will be higher volatility in the short term, but if induced by volatility if one is taking any sell decision in the private banking space, one should remember that the lenders in question have created wealth in the long term.

Assuming you start earning at the age of 25 and live till 95. You have a 70-year investment journey. During this period, you will see markets correct by varying degrees.

Nifty had a weak start but started moving up soon. The last hour of the session saw the markets rising to close with a gain.

Short-term traders can look to buy the stock for a target above Rs 3000 in the next 2-3 months, suggest experts.

The floor price is at a marginal premium compared to the previous day's closing price of Rs 141.1. The bank also announced the opening of the issue on February 20.

Hindalco share price surged nearly 5% to Rs 536 in Wednesday's intraday trade on BSE after the firm’s subsidiary Novelis filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC).

A long buildup is when there is a rise in open interest and volumes along with an increase in the price of the underlying stock in the Futures and Options segment. The long buildup is the occurrence of a long (buying) trend in the share market. In Wednesday's trading session, five stocks witnessed a build of fresh long positions. Here's the list:

Shares of Paytm's parent company, One 97 Communications, surged 5% due to the resolution of the regulatory crisis. Analysts expect recovery and growth despite the challenges faced by Paytm Payments Bank. RBI extended the ban by 15 days, but services will not be disrupted.

Shares of Devyani International rose nearly 6% on reports of a block deal where Yum Restaurants India plans to sell a 4.4% stake, aiming to raise around Rs 815 crore. The company reported weak numbers for the December quarter with profit plunging 87% and revenue rising 7%.

Hindalco share price surged nearly 5% to Rs 536 in Wednesday's intraday trade on BSE after the firm’s subsidiary Novelis filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC).