GIFT Nifty indicates a flat start; US, Asian markets gain

Gift nifty signals a positive start for Dalal Street.

Asian shares touched five-month highs on Thursday as market wagers on ever-more aggressive rate cuts extended a huge rally in U.S. stocks and bonds.

The three major U.S. stock indexes oscillated between modest gains and losses throughout the session but finished up for the day.


Reliance Capital: The Competition Commission of India (CCI) has approved the acquisition of the stake in Reliance Capital by IndusInd International Holdings Limited, IIHL BFSI (India) Limited, and Aasia Enterprises LLP. Reliance Capital is undergoing insolvency resolution proceedings initiated under the Insolvency and Bankruptcy Code.

Tata Power Company: The Tata Group company has signed a share purchase agreement and acquired a 100 percent equity stake in Bikaner III Neemrana II Transmission, a project special purpose vehicle. The acquisition cost is Rs 18.6 crore. The special-purpose vehicle formed in June 2023 will build, own, operate, and transfer an electrical power transmission system between Bikaner and Neemrana in Rajasthan.

Life Insurance Corporation of India: S. Sunder Krishnan is appointed Chief Risk Officer of the corporation effective from December 27. Pratap Chandra Paikray has ceased as Chief Risk Officer of the LIC

IIFL Finance: Foreign investor FIH Mauritius Investment has sold a 7.2 percent stake or 27 lakh shares in the company via open market transactions on June 16 and December 22. With this stake sale, FIH’s shareholding in the company dropped to 15.12 percent, from 22.32 percent earlier.

Kotak Mahindra Bank: The Reserve Bank of India has approved the appointment of C S Rajan, an Independent Director on the board of Kotak Mahindra Bank, as the part-time Chairman of the bank, for two years, with effect from January 1, 2024.

Exide Industries: The company has invested Rs 40 crore in the equity shares of the wholly owned subsidiary Exide Energy Solutions. With this investment, the total investment made by the company in Exide Energy Solutions stands to Rs 1,820.01 crore

Petronet LNG: Petronet LNG has executed binding transaction documents with Goplapur Ports for setting up a floating storage regasification unit (FSRU) based LNG terminal with a capacity of 4 MMTPA (Phase-1), with provision for converting to 5 MMTPA land-based terminal in Odisha