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Grow Mudra's Selects: Top stories this morning

21 May , 2024   By : Debdeep Gupta


Grow Mudra's Selects: Top stories this morning

Here is a collection of the most important stories this morning:

Bandhan Bank may look outside in search of a successor to Ghosh

Kolkata-based Bandhan Bank may consider an external candidate as successor to managing director and chief executive officer (MD and CEO) Chandra Shekhar Ghosh, who recently announced his scheduled retirement on July 9. 

MC Inside Edge: Silent clambers up Indus; Honey & Co try similar feat in Jyoti Structures, realty bulls turn cautious

As Vodafone begins repaying the money it owes various parties, including the government, some HNIs have resumed loading up on shares of Indus Towers. The Silent Investor is said to be leading the charge of the bull brigade, having bought some more stock last week. It is not clear yet how much of Indus’s dues will be cleared by Vodafone in the foreseeable future.

KKR invests $150 million in AI-powered healthcare revenue solutions provider Infinx

KKR has acquired a “significant minority stake” in Infinx Services Private Limited, an AI-driven healthcare revenue cycle solutions provider, the global private equity major said on May 21, as it steps up expansion in the Indian health segment.

3 Hong Kong-based FPIs get NSE notice for derivatives market trades

The National Stock Exchange (NSE) has sent notices to at least three Hong Kong-based hedge funds on trades undertaken in the Indian derivatives market. They spoke on condition of anonymity given the sensitivity of the matter.

Pune Porsche Accident: City police arrest bar owner and manager who served liquor to a minor

Pune City Police arrested the bar owner and the bar manager who served liquor to the minor accused on the night of the accident, said Pune CP Amitesh Kumar.

Wild Nifty swings on weekly expiry day spark chatter of manipulation by HFT cartel

Two abrupt intra-day trend reversals in the Nifty 50 index within a month, have sparked chatter that a group of high-frequency trading firms using sophisticated technology are colluding to influence the indices. They are allegedly doing so to reap huge profits from their positions in options contracts, which are tied to the movements in the Nifty index, according to some derivatives traders.

Unicorn founders and tech chiefs lend soft endorsement to Modi 3.0 at Lutyens' Delhi

On the lawn of a ministerial bungalow in Lutyens' Delhi, a host of unicorn founders and tech executives gathered on May 20 evening to talk about the achievements made by India in the past 10 years of the Narendra Modi government which seeks re-election for a third term.

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