26 Mar , 2024 By : Debdeep Gupta
Here is a collection of the most important stories this morning:
P-note investment surges to 7-year high as FPIs bet heavily on Indian mid-caps
Investments by off-shore funds into participatory notes (P-notes) have touched the highest level in nearly seven years as foreign portfolio investors (FPIs) are pumping money into India’s buoyant mid-and small-cap stocks.
Adani Ports to buy 95% stake in Gopalpur Port for enterprise value of Rs 3,080 crore
Adani Ports and Special Economic Zone will acquire a 95 percent stake in Gopalpur Port in Odisha for an equity value of Rs 1,349 crore to strengthen its east coast footprint, India's largest private port operator said on March 26.
ACME to invest at least $3 billion in green ammonia projects in FY25: Group President
Gurugram-based renewable and new energy firm ACME Group plans to spend at least $3 billion (Rs 24,936 crore) on two of its marquee projects for green ammonia production in the financial year 2024-25, Group President and Director Ashwani Dudeja told Moneycontrol in an exclusive interview.
Does the March meltdown unleash an opportunity to enter the market?
Frothy valuations and liquidity risks in the small and midcap funds led to a massive selloff in the markets in March. However, Emkay Global sees the correction as an opportunity to enter the market and reiterates its preference for small and mid-cap stocks.
It will be counterproductive if Arvind Kejriwal decides to run the government from custody: Senior Advocate Rakesh Dwivedi
It will be unprecedented and counterproductive if Delhi Chief Minister (CM) Arvind Kejriwal decides to run the government while he is in the custody of the Enforcement Directorate (ED) or jail, senior advocate and constitutional expert Rakesh Dwivedi told Moneycontrol.
Tiger Global, SoftBank set to end funding winter with $300 million round in Meesho
E-commerce platform Meesho is set to raise $300 million from a clutch of investors that includes Tiger Global and SoftBank, two of the world's most prolific technology investors that have shied away from investing in India for nearly 18 months now. At least three sources familiar with the development told Moneycontrol that existing and other investors, such as Peak XV Partners and Mars Growth Capital, will also participate in the round.
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