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Delhivery announced that they have gone live on 'Open Network For Digital Commerce' as their logistics provider.
Sellers on ONDC will now be able to leverage Delhivery's network of 18,000+ pin codes in India.
Source: Exchange filing
Landmark Cars IPO was fully subscribed as of 2:09 p.m. on day 3.
Bidding was led by qualified institutional buyers (4.97 times).
The offer closes on December 15.
Source: BSE
Bharti Airtel and Tech Mahindra will partner to deploy a 5G captive private network at Mahindra’s Chakan manufacturing facility.
The DoT had issued rules for enterprises setting up captive non-public networks in June this year.
Source: Exchange filing
Assets of non-bank lenders are likely to hit Rs 49 lakh crore by March 2024, according to credit rating agency ICRA.
NBFCs will require about Rs 3 lakh crore of additional debt funding to support growth.
Retail assets of NBFCs are likely to grow by 12-14% annually.
Non-performing assets of NBFCs are likely to reduce by 40 basis points year-on-year to 3.8% by March 2023.
Overall net profit margins of NBFCs ate expected to rise from 2.0-2.4% from last fiscal to 2.6-2.9% in this fiscal.
Source: ICRA
Secured two orders for its Asset Management and AdVENT business verticals.
L&T Energy Hydrocarbon-Asset Management has secured an operations and maintenance contract from Vedanta Ltd., Cairn Oil & Gas division.
AdVENT business vertical has received an engineering, procurement and construction contract from a subsidiary of Nippon Sanso Holdings Corporation.
Source: Exchange filing
The board of Eclerx Services has approved a buyback price of Rs 1,750 apiece.
The company will buy up to 17.15 lakh shares, spending an aggregate amount of up to Rs 300 crore.
The shares represent a 3.38% stake.
The company fixed December 27 as the record date for the buyback.
Source: Exchange filing
Government To Sell 2.5% Stake In IRCTC Via OFS Route
KFC Operator Sapphire Foods' Promoters, Investor To Sell 11.5% Stake
The broader market indices; S&P BSE MidCap and S&P BSE SmallCap outperformed their larger peers, they gained 0.05% and 0.35%, respectively.
Out of the 20 sectoral indices compiled by the BSE, 14 advanced while six declined.
The market breadth was skewed in favour of the bulls. About 1,753 rose, 808 declined and 110 remained unchanged on the BSE.
Source: Bloomberg, Exchanges
The yield on the 10-year bond was up by one basis point to 7.23% at open on Thursday.
Source: Bloomberg
The local currency declined against the greenback by 17 paise to open at 82.62 on Thursday.
It closed at 82.45 on Wednesday.
Source: Bloomberg
Asian Equities Face Headwinds as Fed Hikes, Cuts Growth Forecast
Asian Stocks Open Lower After Fed’s Hawkish Tone: Markets Wrap
KFin Technologies IPO To Open Dec. 19; IPO Price Band Set At Rs 347-366/Share
KFC Operator Sapphire Foods' Promoters, Investor To Sell 11.5% Stake
Citi Picks Preferred Stock, Sector Bets As It Sees Nifty At 18,300 By December 2023
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