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A tranche of $1 billion, with a coupon of 13.875%, is due January next year and the remaining thereafter, which could put pressure on the group that recently sold a part of its stake in the local listed entity to meet repayments.

Max Financial Services Ltd (MFSL) is the holding firm for Max Life Insurance Company. Max Ventures Holdings offloaded the shares of MFSL in 11 tranches on the BSE.

The public issue of Aeroflex, a manufacturer of environment-friendly metallic flexible flow solution products, comprised fresh shares worth ₹160 crore and an offer for sale (OFS) of up to 17.5 million shares.

Nvidia generated revenue of $13.51 billion in the second quarter and predicted that revenue would reach $16 billion in the third quarter, the company reported late on Wednesday. Both results exceeded analyst expectations, as per Refinitiv.

Broader markets outperformed their headline peers and ended in the green, with Nifty Midcap 100 notching a fresh intraday high

Sebi said offshore funds that have more than 50% of their assets invested in a single corporate group will need to disclose all its investors to custodian banks, through which funds flow into the country, within 90 days starting from Nov. 1

This was done to defraud clients and earn maximum fees, the order said, adding that the noticee did not act honestly, fairly, and diligently in the best interests of its clients, thereby violating the code of conduct of Investment Advisers (IA) regulations.

In Jackson, signs that the economy is stabilizing have begun to emerge. Supply chains have normalized for some retailers, reducing pricing pressures. Hotel occupancy rates have come off the boil of the pandemic years; room rates have eased in response. Real estate agents are advertising some reduced home prices, though by national standards they remain astronomical.

Despite its past outperformance, the FMCG sector has recently started underperforming largely on concerns about the rural side of demand (rural demand uptick sustaining amid patchy monsoon) and an increase in price of certain agricultural products

The capital markets watchdog has been distributing funds among eligible investors from the money collected by it through disgorgement orders in cases of irregularities in the Initial Public Offerings (IPO).