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Foreign Investors Pull $580 Million From Indian Equities Even As Global Risk Appetite Cools
Foreign investors pull $580 million from Indian equities as global risk appetite softens.
TPG acquires Aseem Infrastructure from NIIF with GIC, ICICI backing
Global private equity firm TPG is acquiring a full stake in Aseem Infrastructure Finance, a leading sustainable infrastructure debt financier. Partnering with Singapore's GIC and ICICI Bank, TPG's climate investing platform will take over the company, which has funded significant renewable energy and power transmission projects. Aseem Infrastructure, founded by NIIF, has disbursed over Rs 40,000 crore in loans, contributing to substantial greenhouse gas emission reductions.
Global Market: Citi joins London's bullion clearing network in major precious metals expansion
Citi has joined London's over-the-counter gold market clearing network, becoming the fifth bank to do so. This significant move expands the bullion trade's settlement infrastructure, which handles approximately $160 billion in daily transactions. Citi's entry, the first in a decade, signals progress in making the market more accessible. The bank will now offer Loco London settlement for gold, silver, platinum, and palladium.
Gold prices slip ₹150, silver declines ₹5,000 amid weak global cues
Gold prices slipped Rs 150 to Rs 1,50,650 per 10 grams in the national capital on Monday, and silver dropped Rs 5,000, as a sluggish global trend and a firm US dollar prompted traders to trim positions in precious metals. The precious metal of 99.9 per cent purity had closed at Rs 1,50,800 per 10 grams in the preceding session. Silver snapped its four-day rally, declining Rs 5,000 to Rs 2,40,000 per kilogram (inclusive of all taxes) from Friday's closing level of Rs 2,45,000 per kg, according to local dealers. Traders said the market remained range-bound as investors balanced lingering geopolitical risks in West Asia against a stronger greenback and expectations surrounding the US Federal Reserve's monetary policy. "Gold prices experienced a slight decline in the domestic markets on Monday, as investors navigated the complex landscape of Washington-Tehran relations while awaiting key inflation data from the US," said Gaurav Garg, Research Analyst at Lemonn Markets Desk. In the ...
Panattoni appoints Sharad Gohil as India CEO, MD
Panattoni, a global industrial real estate leader, has appointed Sharad Gohil as CEO and MD for its India operations. With over 25 years of experience and a track record of significant transactions, Gohil will spearhead Panattoni's expansion in India's industrial, logistics, and data centre sectors.
NSE IPO Roadshows Said To Begin July 17 Ahead Of Planned September Listing
Investor meetings are scheduled across key global financial centres as India's largest stock exchange prepares for its proposed public listing, sources say.
India's biggest AI opportunity lies in enterprise applications: Gopal Jain
India is well positioned to become a global hub for AI applications and enterprise AI services, according to Gopal Jain, MD & CEO of Gaja Alternative Asset Management. He said the country has strong AI talent and can play a larger role across the AI value chain over time. Jain added that patient domestic private equity capital will be essential to build foundational AI technologies, while greater awareness and access are needed to expand India's alternative investment industry. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Hitachi Energy, GE Vernova, Siemens rise up to 6% as Nomura calls recent correction an ‘overreaction’. 4 reasons why
Indian electrical equipment stocks rebounded, gaining up to 6% after global brokerage Nomura labelled the recent sell-off an "overreaction." Nomura highlighted that Chinese firms, granted a two-year tender exemption, historically secured minimal market share. They also noted capacity constraints among these firms, suggesting the exemption is a temporary measure, not a policy shift, thus limiting significant impact on domestic players.
Cupid shares jump 6%, extend rally to 11% in one week as company raises FY27 revenue guidance after strong Q1 biz update
Cupid shares rose sharply on Monday, extending their one-week rally to over 11%, after the company raised its FY27 revenue guidance by at least 10%. The company expects first-quarter revenue to exceed Rs 150 crore, backed by strong order visibility, expanding global opportunities and improved market visibility.
HarperCollins acquires rights to Rajiv Bakshi's debut book on executive success
HarperCollins India has secured the global rights to Rajiv Bakshi's first literary work, which serves as a practical roadmap for achieving success in the modern corporate landscape. Leveraging his vast experience in leadership, Bakshi's book addresses essential decisions and habits for both burgeoning and seasoned professionals. The ultimate goal is to arm readers with the assurance needed to fulfill their professional ambitions.
INR slips in opening trades as dollar recovers marginally; downside seen limited
The Indian rupee fell 10 paise to 95.28 against the American currency in early trade on Monday, weighed down by slight uptick of the American currency in the overseas market. However, positive cues from local equities and easing international oil prices are likely to limit downside in the counter. Indian shares are seen opening in green, with underlying sentiment likely to remain underpinned by improving earnings visibility and expectations of a more supportive global liquidity environment going forward. The BSE Sensex gained 176.99 points (0.23%) to open at 77,940.90, while the NSE Nifty 50 rose 36.00 points (0.15%) to open at 24,306.85.
Petrol, Diesel Prices On July 6: Check New Fuel Rates In Mumbai, Bengaluru, Chennai, Kolkata And More
While global crude prices have fallen over the past week amid easing geopolitical tensions and higher OPEC+ production, Indian consumers are yet to see any relief at the fuel pumps as petrol and diesel prices remain unchanged.