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​But by and large, we at Multi-Act keep ourselves focused on the investment side. And in this space more and more experts are coming into play.

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I think this trend is going to continue for a few more quarters and we remain very positive on the entire auto space including Eicher Motors which is right now under pressure last couple of days or so but I think it is a temporary phenomenon and, of course, Maruti has been going from strength to strength.

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"Oil prices came under pressure again due to lingering worries over a slowdown in the global economy and further hikes of interest rates in the United States and Europe," said Tomomichi Akuta, senior economist at Mitsubishi UFJ Research and Consulting

HDFC sells more bad loans to ACRE ARC

Updated at : 2023-07-06 07:25:02

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The combined outstanding loan amount of this pool was approximately ₹1,300 crore, translating into an immediate recovery of around 23%. ACRE ARC, backed by Ares SSG, emerged as the anchor bidder, offering ₹305 crore in upfront cash for the purchase. Additionally, HDFC is entitled to 65% of all recoveries above ₹85 crore for one group of accounts.

Almost all Fed officials favour future hikes

Updated at : 2023-07-06 07:25:02

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The minutes shed light on how tricky the decision was for policymakers to achieve. Even as they left rates unchanged, almost all officials said that additional increases would likely be appropriate, with most emphasizing that post-meeting communications would be essential to convey that message.

Markets take a breather after record-breaking rally

Updated at : 2023-07-06 07:25:02

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The 30-share BSE Sensex dipped 33.01 points or 0.05% to settle at 65,446.04. The benchmark remained in the negative territory for most part of the trade and fell 222.56 points or 0.33% to 65,256.49 in intra-day.

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In a list released by AMFI on Wednesday, companies such as FSN E-Commerce (Nykaa), JSW Energy, Tata Elxsi, Indus Towers, and Page Industries were downgraded from large-cap to mid-cap.

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The promoters of the Adani Group, led by Gautam Adani, plan to continue reducing their holdings in group companies to build a liquidity buffer that can be used to tap new opportunities and invest in other business units. They have already sold stakes to GQG Partners and are in negotiations with other global investors for potential divestments. Talks with a West Asia-based fund are expected to finalize by September.

Punjab utility bids for GVK Power plant

Updated at : 2023-07-06 07:25:02

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GVK Power (Goindwal Sahib) has a 25-year power purchase agreement with PSPCL and now it is the sole bidder for the Punjab-based company. Incidentally, the company has undisputed trade receivables of ₹327 crore from PSPCL and another ₹334 crore disputed trade receivables from the state utility, according to an information memorandum circulated by the RP to the potential bidders.

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The stock rose more than 3% on Wednesday to hit a new all-time high. The shares crossed ₹10,000 apiece for the first time in a choppy trading session. On Wednesday, Maruti announced the launch of Invicto, a seven-seater upscale people mover (or multi-purpose vehicle). The vehicle is priced in the vicinity of ₹25 lakh.

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