Latest Stock Market News

The Chinese stock market accounted for 23.77% of the MSCI Emerging Markets Index as of Dec. 31, according to Bloomberg calculations, while Goldman Sachs Group Inc. put the latest weight at 26.4%, citing FactSet data. Either way, this is the lowest since 2017, when the New York-based firm announced the addition of China’s mainland stocks, so-called A shares, to the index.

Fino Payments Bank has applied for a small finance bank license. The bank has been preparing itself for an upgrade in terms of banking activity for quite some time. Fino has around Rs 600 crore of net worth while the minimum capital requirement for small finance banks is Rs 200 crore at present.

Term deposit rates have increased between 70 and 120 basis points, mostly in the third quarter. Analysts say that the margin compression could hence be severe, particularly year on year, as banks have lost most benefits from the rise in interest rates in their bid to garner funds. One basis point is 0.01 percentage point.

The changes in FTSE All-World and FTSE All Cap will be announced on February 16 and the adjustments will take place on March 15, the firm said.

Analysts said Maharashtra is the largest market for Sula and accounts for almost half its revenues.

"Following client feedback received during the Bloomberg 2023 Fixed Income Index Advisory Councils, Bloomberg Index Services is launching a consultation to solicit feedback on the proposed inclusion of the India fully accessible route bonds in Bloomberg Emerging Market (EM) Local Currency Index," a document accessed by ET read.

Stellaris Ventures Partners, one of the early stage investors in Mamaearth parent Honasa Consumer, sold partial stake in the company through bulk deals on Monday.

Concerns revolve around the mandatory prepayment clause, including coupon step-ups and utilising proceeds from the monetisation of assets like Afcons and Gopalpur Port.

Sony is planning to officially send a termination notice to Zee by this month end, maybe as early as January 22nd, said two people aware of the matter, unless Zee relents on key clauses. Sources close to Zee said most operational CPs have been "cured" while some joint ones are pending from both sides and those linked to the actual consummation of the merger will happen on deal closure.