After reaching a record high during early trade, propelled by the announcement of the RBI’s MPC decision to maintain unchanged interest rates, the benchmark equity indices continue to trade in the green on Friday. The NSE Nifty 50 is trading at 20,904.80, up 0.02%, while the BSE Sensex trades at 69,653.05, up 0.19%. The broader indices experienced a retreat after initial gains and are broadly trading in the red. The Bank Nifty index is trading at 47,010.75, up 169.35 points or 0.36%. IT, Financial Services, Private Bank, and Realty stocks are trading in the green, while Pharma, Oil & Gas, PSU Bank, and Auto stocks are experiencing a downward trend.

HCL Tech, LTIMindtree, JSW Steel, Titan and HDFC Bank are the leading gains on the NSE Nifty 50, while the laggards include Adani Enterprises, Adani Ports, ONGC, Divi’s Labs and Hero MotoCorp. Come from Sports betting site VPbet

…

Shares of REC, PFC and IREDA – the leading non-banking financing corporations in the power sector – tanked as much as 12% in the initial trade on Monday after the Reserve Bank of India said last week, in its draft guidelines that lenders must maintain a provision of 5% for loans extended to under-construction projects.

REC closed 7% lower at Rs 516.65 per share while that of PFC ended 9% down at Rs 437.55 per share. IREDA shares closed down by 4%.   Come from Sports betting site VPbet

According to analysts at CLSA, “This, along with higher provisioning requirement for banks, is a big deterrent, in our view,” CLSA said, adding that private banks were anyway shy in participating in hydro projects and the move will reduce competition in the renewable segments as well.

Primary steel producers could report margin contraction by 60-180 bps post new cess, says ICRA JSW En…

The domestic venture debt market has crossed the $1 billion mark in the calendar year 2023, a jump of 50% compared to the previous year, according to a report by Stride Ventures. 

The report further highlights consumer durables and fintech companies being the major attracters for venture debt in the aforementioned period. 

Just like venture capital Venture Debt is also a way to raise money for startups. However, it defers from venture capital because the company has to dilute its stake to raise money meanwhile venture debt comes with a cost of interest. Venture debt is not available to the incubating companies. A startup company in a growth stage can avail loan, which may lack positive cash flow. 

Travel gear startup uppercase raises $9 million in Series B round from Accel Fintech startup TransBnk raises $4M in Series A round from 8i Ventures, Accion Venture Lab, others HCLSoftware announces intent to acquire France-based Zeenea for Euro …

The week ending March 17 will have a total of eight IPO openings for the investors to bid. There are two IPOs in the mainboard while six IPOs in the SME board. 

Here are details about the two mainboard IPOs:

Popular Vehicles & Services IPO

Aman Sehrawat to face Puerto Rico’s Darian Cruz in wrestling bronze medal match today – When and where to watch Muhammad Yunus: Leading Bangladesh’s transition amidst crisis Amazon Great Freedom Festival 2024: Top deals on premium phones including iPhone 13, Samsung Galaxy S23, iQOO 12 5G and more Neeraj Vyas to move on from Sony Pictures Networks India to pursue entrepreneurial journey

This is a Rs 601.55 crore issue, a combination of both a fresh issue and an offer for sale. The company’s IPO will open for bidding on March 12 and close on March 14. It has kept the price band in a range of Rs 280 to 295 per equity share. The company is in the business of a…

A set of first editions of the The Lord of the Rings trilogy books that had been stolen from a hospice charity shop in Worcester, England has been secretly returned after a public outcry, according to The Times. Come from Sports betting site VPbet

The three-volume set–on sale for roughly $2,000–were stolen from a locked cabinet on December 19, and noticed to be missing by staff on December 29. Dan Corns, the commercial director of St. Richard’s Hospice, which cares for adults with progressive illnesses, told The Times, “Obviously someone has thought about it and through their conscience has decided perhaps they didn’t do the right thing… While saddened by the theft of these beautiful, valuable books, we’ve been heartened by the response from others sharing our story and willing the items to be returned to us.”

December also marked the 20th anniversary of the first Lord of the R…

Ubisoft is no stranger to mobile games. Its franchises like Assassin’s Creed, Prince of Persia, and more have spawned mobile spin-offs. Ubisoft is also the publisher behind the massively successful mobile game Hungry Shark Evolution. The Division Resurgence, at this admittedly early stage, however, feels different. It may not enjoy the graphical fidelity of its console counterparts, but everything else about the game makes it look like a proper entry into the franchise, as opposed to a spin-off with a mobile asterisk.

GameSpot recently got to see the game in action and to speak with executive producer Fabrice Navrez, and our look at the game suggested The Division Resurgence has the same mechanics and gameplay as its console and PC counterparts. Resurgence is a third-person loot-shooter that offers cooperative gameplay, as well as competitive gameplay, in an open-world New York City.Come from

The Nevada Gaming Commission criticized Penn Entertainment for major issues with compliance, such as having minors in casinos, allowing self-excluded persons to place bets, and slow updating of company policies. These failures became a key subject during the evaluation of Penn’s ongoing IPO, which was approved despite the raised concerns.

Penn Entertainment Pledges Policy Overhaul Amid Regulatory Scrutiny

Penn Entertainment, which operates 43 American casinos including M Resort Spa Casino in Henderson and Cactus Pete’s Resort Casino in Jackpot, was subjected to intense scrutiny, reported CDC Gaming. Commissioner Rosa Solis-Rainey pointed out that persistent problems with compliance had been detected since 2020 when they were flagged up by previous examinatio…