Restaurant and delivery platform stocks saw a dip on Thursday. A shortage of commercial LPG cylinders is disrupting operations. This is impacting kitchen functions in some areas. Large quick service restaurant chains may face limited effects. They often use electric equipment. Technical indicators suggest a pullback for some companies. Investors are watching key support levels.Read More
Canada’s 2nd largest pension fund, also the largest institutional investor in infrastructure globally, looks to deploy about $3 bn in next 4-5 yrs.Read More
Bandhan Financial Services is looking at ways for its investors to exit. The company has hired an investment banker to explore options. This move aligns with regulatory requirements for Bandhan Bank. The promoter’s stake needs to be reduced. Options include selling shares to private equity funds or an initial public offer. The company’s performance is improving.Read More
Innovision’s IPO has been extended to March 17 after 32% subscription, reflecting weak investor interest; the price band was revised lower, while revenue growth is strong but margins remain thin.Read More
Large bank capital requirements will fall slightly under revised drafts of sweeping bank capital rules, Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday, in a major victory for Wall Street lenders that had faced capital hikes under previous drafts.Read More
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