index rose as much as 1.03% to a record high of 19,011.25 as of 1:55 p.m. IST, after struggling to breach the level last week amid hawkish central bank commentary.
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India's Nifty 50 hits record high in pre-open tradeIndia's benchmark Nifty 50 rose to a new record high in pre-open trade on Wednesday, extending a four-month rally since March driven by strong domestic growth, cooling inflation, healthy corporate earnings and strong foreign inflows.
Source: Reuters - 🏆 2. / 97 Read more »
India flags antitrust concerns with Air India, Vistara merger -sourcesIndia's antitrust body is scrutinising Air India's planned merger with Vistara and has asked the company why it should not be investigated further over competition concerns, potentially delaying the process, two sources with direct knowledge said.
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Does Your Company Have an India Strategy?The price-to-book ratios of Indian subsidiaries of multinationals far exceeds those of their parent companies. That suggests the subsidiaries have better growth prospects, which makes sense given India’s rapidly growing middle class. At this point, any multinational without an India strategy is missing out on a major opportunity for growth and profitability. But tailoring your strategy for India requires customizing your products and services and tapping into the “India stack.”
Source: HarvardBiz - 🏆 310. / 63 Read more »
Journalist pictured interviewing notorious Indian crime lord is not Congress party spokespersonA woman pictured sitting across a table from India's most wanted criminal Dawood Ibrahim has been falsely identified in social media posts as Supriya Shrinate, spokesperson for the opposition Congress party. The woman in the photo is in fact the journalist Sheela Bhatt, who told AFP it shows her during a 1988 interview with Dawood -- who was designated a global terrorist by the United States in 2003. Shrinate, who worked as a business journalist before turning to politics, separately told AFP she had never met Dawood.
Source: AFPFactCheck - 🏆 540. / 51 Read more »