Benchmark 10-year yields fell about 2 basis points to 1.935%, a record low. Hong Kong's Hang Seng index jumped 2.8% and tech shares rose 4.3%.
China's growth has stalled as a collapse in the property market has crushed confidence and consumption.
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Jubilant FoodWorks falls after Coke bottler deal
SHARES OF JUBILANT FoodWorks fell over 5% on Thursday, a day after the Jubilant Bhartia Group agreed to pick up a 40% stake in Hindustan Coca-Cola Beverages (HCCB).
Rupee hits new closing low, RBI intervention caps loss
The rupee fell to an all-time low on Thursday, pressured by a lingering depreciation bias and heightened demand for the US dollar in the non-deliverable forwards (NDF) market, while the intervention from the Reserve Bank of India helped prevent sharp losses.
Sebi trying to reduce float of ₹4.5 lakh cr lying with intermediaries
WITH MEASURES SUCH as T+0 settlement and UPI block mechanism for the secondary market, Sebi is trying to reduce the cash-equivalent collateral of over ₹4.5 lakh crore lying with intermediaries and bring in more transparency, whole-time member Ananth Narayan said on Thursday.
NBFCs mop up over ₹10,000 cr via bonds
AS THE CALENDAR year draws to a close, the fundraising activity of non-banking financial companies (NBFCs) has gained momentum.
Macquarie sees 21% upside for Delhivery
SHARES OF LOGISTICS solutions provider Delhivery on Thursday gained nearly 3.2% on the BSE to its intraday high of ₹391.30 as global brokerage firm Macquarie has maintained its 'outperform' rating on the stock along with a 12-month target price of ₹460, implying an upside of more than 21%.
Sebi board may widen UPSI scope, tighten SME rules
THE BOARD OF the Securities and Exchange Board of India (Sebi), in its meeting on December 18, is likely to approve a slew of measures, including tighter norms for small and medium enterprises (SME) listing, review of custodian and merchant banker regulations and expansion of the definition of unpublished price sensitive information (UPSI).
NBCC to be consultant for 16 projects of Supertech
INSOLVENCY APPELLATE TRIBUNAL NCLAT has appointed state-owned NBCC as a project management consultant to complete debt-ridden realty firm Supertech's 16 real estate projects at a cost of nearly ₹9,500 crore, a move that will provide relief to thousands of homebuyers.
Makers of auto parts in a fix over EV switch
AUTO COMPONENT MANUFACTURERS, who were asked to set up factories by their clients to support the electric vehicle evolution, find themselves in a tough spot as automakers pivot back to traditional petrol and diesel engine technologies. This shift comes amid slowing EV growth.
Panel to flag bad loans
TO IMPROVE THE resolution process, banks have been instructed to closely monitor the top 20 NCLT cases at the MD level, with senior officials, not below the rank of GM, required to attend proceedings.
Samsung accuses CCI of illegal raid
The entire search exercise undertaken is patently illegal and any material collected thereunder should not be relied upon and should be promptly returned,\" the Indian unit of Samsung Electronics wrote.
