The Insurance Regulatory and Development Authority (IRDAI) is considering capping the share of parent banks in insurers' total bancassurance business to 50%, which could negatively impact private life insurance players. This move aims to address concerns over the concentration of business reliant on bancassurance partnerships. Brokerages, including Morgan Stanley, warn that such a cap may hinder APE growth, with further details awaited from the regulator.
South Korea's largest K-pop agency, Hybe, lost over $423 million in market value after girl group NewJeans announced their departure from ADOR, citing contract breaches and mistreatment. The group, formed in 2022, expressed that remaining with the agency would be detrimental to their professional growth. This follows a management dispute and a significant drop in Hybe's shares amid broader industry challenges.
Zomato's new 'District' app, aimed at enhancing the going-out experience, has garnered positive attention from Jefferies, which predicts a 17% upside for the company's shares. With Zomato's stock up 131% year-to-date, the brokerage emphasizes the potential for new use cases in dining and ticketing, despite the current limited market size. Jefferies maintains a 'buy' rating with a price target of Rs 335.
Narayana Health, led by Dr. Devi Shetty, is in talks to acquire a controlling stake in UK-based Spire Healthcare Group Plc, which operates 40 hospitals and over 50 clinics across the UK. This move marks Narayana Health's second international expansion, following its presence in the Cayman Islands. The discussions come amid a surge in private healthcare demand in the UK due to NHS waiting lists, with Narayana's management engaging with institutional shareholders to garner support for the bid.
BlackRock is in advanced talks to acquire HPS Investment Partners for approximately $12 billion, surpassing its estimated $10 billion valuation. Meanwhile, Protective Industrial Products will purchase Honeywell's PPE business for $1.33 billion, expected to close in early 2025. LeapFrog Investments has successfully raised $1.02 billion for its fourth fund, focusing on healthcare and financial services in growth markets, while Aegis Ventures expands its Digital Consortium with two new health system partners to innovate healthcare technologies.
Nifty is poised for consecutive monthly losses for the first time since early 2023, following a significant decline in recent gains. While Nifty futures show slight improvement, weakness in Asian and US markets suggests further losses ahead. Additionally, foreign fund withdrawals from bonds may pressure the rupee, impacting the broader economy despite potential marginal benefits for IT companies.
Saudi Arabia's medical devices market is projected to grow at a compound annual growth rate of 6.2% from 2023 to 2028, reaching $3.1 billion. This growth is driven by stronger oil production, economic recovery, and strategic initiatives like the "Health Sector Transformation Programme," which addresses chronic disease burdens and boosts demand for advanced medical technologies.
Non-bank finance companies (NBFCs) are facing increased stress and delinquencies, particularly in microfinance, unsecured personal loans, and credit cards. While vehicle and small business loans show some stress, home loans remain strong, making housing finance companies attractive to investors. The primary issue stems from over-leveraged borrowers in the microfinance and unsecured lending sectors.
Elevated valuations and weak global sentiment are expected to impact market performance. Additionally, 45 stocks are set to join the Futures and Options (F&O) segment, indicating a shift in trading dynamics. Investors should brace for potential volatility ahead.
Gold prices closed at Rs 75,983.00 on November 28, 2024, reflecting a slight increase of 0.04%. However, the second quarter of 2024 saw a 6% drop in gold demand, primarily driven by a decrease in consumption from the jewellery sector.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings