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Vodafone Idea is expected to report a narrower consolidated loss for the second quarter, driven by revenue growth and improved ARPU. Analysts predict a loss between Rs 6300-6400 crore, with revenue rising 5% year-on-year. Subscriber base may decline, but ARPU is projected to reach Rs 156-159.

Several companies, including IRCTC and RITES, are approaching their ex-dividend date on November 14th. This means that today is the last day for investors to purchase shares and be eligible for upcoming dividend payments. The article lists these companies and provides details about their declared dividends.

Bain goes for gold; talks on for Manappuram Deal

Updated at : 2024-11-13 07:25:01

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Proposal includes primary infusion into the shadow bank, secondary share sale by promoters, open offer; Founder Nandakumar denies any selloff plan.

Asian stocks fall ahead of key US inflation data

Updated at : 2024-11-13 07:25:01

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Stock benchmarks in Tokyo and Sydney retreated after the S&P 500 slipped following its biggest five-day advance in a year. The Bloomberg Dollar Spot Index extended its post-election rally, while the yen closed in on the closely watched level of 155.

The short-term trend of the Nifty continues to be weak. A slide below 23800 levels could open the next downside target of around 23,500 levels (200-day EMA) in the near term. Immediate resistance is at 24050 levels, said Nagaraj Shetti of HDFC Securities.

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The $850 million private credit facility from Standard Chartered Bank, which carries a high interest rate of 18%, is secured against future brand fee receivables. These brand fees, projected at around $300 million annually, help VRL with a recurring revenue stream that partially services this private credit.

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Samir Subberwal, global head of wealth solutions, deposits and mortgages at the bank said shifting focus to the affluent in retail banking will help Standard Chartered to play from a position of strength in India which is a difficult market to compete in the mass market space where local banks dominate.

Swiggy likely to see a modest D-Street debut

Updated at : 2024-11-13 06:30:02

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The grey market premium - the price in the unofficial market that investors pay for the unlisted shares before listing - was at ₹2 for Swiggy on Tuesday, a 0.5% premium to the upper price band of - ₹390.

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