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“While inflows into the pandemic-period sectors such as computers and chemicals have slowed, investment intentions in futuristic sectors like renewables, data centres, EVs, green hydrogen, AI, and semiconductors, are rising sharply,” HSBC economists Pranjul Bhandari, Aayushi Chaudhary and Priya Mehrishi wrote in a January 11 note.

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While the flexible inflation targeting provided the elbow room to address the supply side shocks, the regulator post Covid put together a mechanism to strengthen the institutions through prudential norms and heightened supervision and inspection, Governor Shaktikanta Das said.

"It has to be recognised that the financial creditors take the maximum risk and hence their risk needs to be commensurately compensated and with priority," Governor Das said at a conference in Mumbai.

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The benchmark indices gained around 8% in December alone following renewed interest of foreign portfolio investors (FPIs) and sustained flows form domestic investors. That took the calendar year gain to over 20%. This has prompted more retail investors to opt for equity investments, and SIP has emerged as a preferred route.

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NSE data reveal that brokerage firms, including ICICI Securities, HDFC Securities, Axis Securities, Sharekhan, IIFL Securities, Nuvama, and Geojit, among others, have observed a decline in the number of active clients.

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Overall consumer price inflation on a 12-month basis rose to 3.4% in December from 3.1% the month before. But excluding volatile food and energy costs the pace of price increases fell to 3.9% from 4%, showing ongoing moderation in underlying price pressures.

The company, with a market capitalisation of ₹2.6 lakh crore, has placed uniquely structured bonds with a clutch of local private credit funds to mobilise ₹500 crore, said two persons familiar with the issuance that closed on January 9.

Stocks in news: Infosys, TCS, Wipro, Polycab, LIC

Updated at : 2024-01-12 08:25:02

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TCS reported a 2% year-on-year growth in consolidated net profit for the quarter to Rs 11,058 crore, and revenue increased 4% to Rs 60,583 crore.

Polycab slides again amid rise in volumes

Updated at : 2024-01-12 08:25:02

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Shares of other listed cable companies - R R Kabel, KEI Industries and V-Marc India - also fell 4-5% on Thursday. Polycab, meanwhile, said that it has not received any communication from the tax department.

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TCPL will be buying 75% of Capital Foods from existing investors Invus Group, a European family office and investment arm, with a 40% stake; US private equity group General Atlantic that owns 35% valuing the company at Rs 5100 crore. That would peg the stake value at Rs 3,825 crore. Founder chairman of Capital Foods and a former advertising boss turned food entrepreneur Ajay Gupta will retain his 25% stake for now but Tatas will buy him out too in future helping him unlock further value.

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