SBI MF, ICICI Prudential MF, and Nippon India MF Acquire 4.12% Stake in TBO Tek for ₹537 Crore

SBI MF, ICICI Prudential MF, and Nippon India MF Acquire 4.12% Stake in TBO Tek for ₹537 Crore

In a significant investment move, SBI Mutual Fund (MF), ICICI Prudential MF, and Nippon India MF collectively acquired a 4.12% stake in travel distribution firm TBO Tek through open market transactions on Friday. The total purchase was valued at ₹537 crore. Investment Breakdown According to bulk deal data, the three mutual fund houses purchased a…

Canada’s Stock Market Declines Amid U.S. Tariff Uncertainty

Canada’s Stock Market Declines Amid U.S. Tariff Uncertainty

March 21 (Reuters) – Canada’s main stock index, the S&P/TSX composite index, closed lower on Friday, giving back some of its weekly gains as concerns over U.S. trade tariffs resurfaced. The index dropped 91.75 points, or 0.4%, ending at 24,968.49. However, despite Friday’s dip, the index posted a 1.7% weekly gain, marking its biggest rise…

EU States Seek Flexibility in Gas Storage Targets Amid Price Concerns

EU States Seek Flexibility in Gas Storage Targets Amid Price Concerns

March 22 (Reuters) – European Union member states are advocating for flexibility in meeting gas storage targets over the next two years, as they seek to mitigate the financial strain caused by soaring market prices. A new provision, drafted by Poland, proposes allowing member states to deviate by up to 5 percentage points from the…

Samvardhana Motherson Declares 50% Interim Dividend: Should You Buy?

Samvardhana Motherson Declares 50% Interim Dividend: Should You Buy?

Auto major Samvardhana Motherson has announced a 50% interim dividend for eligible shareholders, putting the stock under the bulls’ radar in the upcoming trading sessions. The company has set March 28, 2025, as the record date for the dividend, meaning investors holding shares on March 27, 2025, will be eligible for a dividend payment of…

FIIs Continue to Sell Indian Equities in March, But Signs of Slowdown Emerge

FIIs Continue to Sell Indian Equities in March, But Signs of Slowdown Emerge

Despite early signs of recovery in the Indian stock market, foreign institutional investors (FIIs) have continued their selling spree in the first half of March. However, market analysts believe that the intensity of this sell-off is showing signs of easing, offering a glimmer of hope for domestic investors. With potential support from the U.S. Federal…

Indian Markets Open Lower as IT Stocks Drag; Ola Electric Surges 5%

Indian Markets Open Lower as IT Stocks Drag; Ola Electric Surges 5%

Indian equity markets opened in the red on Friday, breaking a four-day winning streak as concerns over discretionary spending in the U.S. weighed on IT stocks. The BSE Sensex slipped 114 points, or 0.15%, to 76,234, while the Nifty50 declined 14 points, or 0.06%, to 23,176 in early trade. The sharpest decline was seen in…

TCS, SBI Among 10 Large-Cap Stocks Trading Below Industry PE Ratios with Potential Upside of Up to 38%

TCS, SBI Among 10 Large-Cap Stocks Trading Below Industry PE Ratios with Potential Upside of Up to 38%

Investors seeking value opportunities in the Indian stock market may find promise in large-cap companies trading below their industry average Price-to-Earnings (PE) ratios. Such stocks are often considered undervalued, presenting potential for substantial returns. Notably, companies like Tata Consultancy Services (TCS) and State Bank of India (SBI) are among those identified with significant upside potential….

TBO Tek Shares Slide 5.5% After Rs 400 Crore Block Deal; Augusta TBO, TBO Korea Offload Stake

TBO Tek Shares Slide 5.5% After Rs 400 Crore Block Deal; Augusta TBO, TBO Korea Offload Stake

Shares of TBO Tek dropped 5.5% to an intraday low of Rs 1,200 on the BSE on Friday after a Rs 400 crore block deal in the travel distribution firm. Sources told CNBC-TV18 that Augusta TBO Singapore Pte Ltd and TBO Korea Holdings Ltd are looking to sell up to a 3.1% stake in the…

Swap Markets Across Asia Indicate Increased Bets on Rate Cuts as Dollar Slides

Swap Markets Across Asia Indicate Increased Bets on Rate Cuts as Dollar Slides

Swap markets in Asia are reflecting a moderate improvement in interest-rate cut expectations as the U.S. dollar declines, enabling central banks to turn their attention to stimulating economic growth instead of defending their currencies. Increased Expectations for Policy Easing India, Malaysia, and Thailand swaps are showing increasing expectation of monetary policy relaxation, as the weaker…

Foreign Selling in Indian Markets Continues; IT and Consumer Stocks See Heavy Outflows

Foreign Selling in Indian Markets Continues; IT and Consumer Stocks See Heavy Outflows

Foreign investors continued to offload Indian stocks in the first half of March, with information technology (IT) and consumer goods sectors bearing the brunt of the selling. The sell-off comes amid growing concerns over economic conditions in both the U.S. and India, leading to cautious sentiment among global investors. Foreign Portfolio Investors (FPIs) Exit in…