Search Results for: Kotak Securities

Twitter buyout deal: Musk to pay $1 bn as deal termination fee to Twitter

Tesla CEO Elon Musk, who has cancelled the $44 billion Twitter buyout deal, will have to pay $1 billion in termination fee to the micro-blogging platform.

Jul 9, 2022

Elon Musk plans 10% staff cut at Tesla, freezes hiring

Elon Musk terminates $44 bn takeover deal with Twitter, legal battle begins

Micro-blogging platform Twitter on Saturday announced it was going to sue Tesla CEO Elon Musk for terminating the $44 billion takeover deal.

Jul 9, 2022

RBI's measures to boost forex inflows may not increase inflows: Emkay report

The Reserve Bank of India's (RBI) move to relax regulations to boost foreign exchange inflows will not have any material change in receipts, but certainly helpful in directional forex signalling to speculators, said Emkay Global Financial Services Ltd.

Jul 7, 2022

Foreign Exchange: RBI relaxes regulations to boost forex inflows

The Reserve Bank of India (RBI) on Wednesday announced a series of measures to boost foreign exchange inflows.

Jul 6, 2022

Indian rupee hits a low of Rs 79.36 against USD, gold touches Rs 54K

The Indian rupee on Tuesday hit a low of Rs 79.36 against the US dollar and experts expect further depreciation.

Jul 6, 2022

RBI hits hard on Bitcoin, DeFi, crypto trading platforms

The Reserve Bank of India (RBI) has slammed unbacked crypto assets (such as Bitcoin), stablecoins and decentralised finance (DeFi) and crypto asset trading platforms, underscoring the need for regulatory guardrails to ensure financial stability and consumer and investor protection.

Jul 2, 2022

SEBI allows FPIs in Exchange Traded Commodity Derivatives

The Board of the Securities and Exchange Board of India (SEBI), at its meeting on Wednesday, approved the participation of Foreign Portfolio Investors (FPI) in Exchange Traded Commodity Derivatives (ETCDs).

Jun 30, 2022

Opposition to Agneepath scheme in army recruitment in many places of Bihar.

Internet snapped in 20 Bihar districts amid Agnipath protests; security beefed up [details]

The suspension has been already in place in 12 districts since June 17 and the state government decided to add eight more.

Jun 20, 2022

Spotify to 'reduce' new hiring by 25% amid economic slowdown

Swedish music streaming giant Spotify is reportedly reducing new hiring by at least 25 per cent as tech companies navigate through volatile market conditions globally.

Jun 16, 2022

Stock Market: Sensex down by 719 points, Nifty declines by 204 points in Opening Hour

By 11:01 a.m, Sensex recorded 54,633.12 or 687.16 points down (1.24%), while Nifty too declined to 16,277.10 or 201.00 points down (1.22%).

Jun 10, 2022

Shaktikanta Das, Governor, Reserve Bank of India

RBI's monetary policy meet: Some expectations from the ongoing meet

Though the RBI's raising policy rates in the ongoing monetary policy committee meeting is a "no-brainer", as its Governor Shaktikanta Das said in a recent interview, investors, however, await the actual degree of percentage hike before taking fresh positions and future course of action in the financial markets.

Jun 7, 2022

Stock Markets: Sensex, Nifty decline in opening deals ahead of RBI policy meeting today

Indices decline in opening deals, ahead of Reserve Bank of India's meeting where the central bank is likely to raise policy rates after a review

Jun 6, 2022

IPL teams commanding higher valuations than global football counterparts

Revenue CAGRs of Manchester United (MANU), Juventus and Borussia Dortmund have been at 1.1 per cent, 4.7 per cent and 4.0 per cent, in the past seven years, with a TTM price-to-sales of 2.4x, 1.7x and 1.1x, respectively. Conversely, IPL teams' revenue CAGR has been more than 10 per cent in the past seven years, commanding a much higher valuation than football counterparts, mainly due to higher revenue growth and stellar viewership.

Jun 4, 2022

IPL media rights' revenue growth is much higher than other global leagues [ (EPL, NFL, NBA]

On pricing, IPL per match is poised at a 70 per cent discount to global averages, which may converge to 20-30 per cent, led by IPL renewal in 2023-2027.