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In September, inflation spiked to 6.2%, driven entirely by rising food prices. However, despite that, commerce minister Piyush Goyal called for a re-evaluation of the framework and a possible rate cut. Finance Minister Nirmala Sitharaman also echoed the need for broader discussions on inflation and interest rate dynamics. To delve deeper into this issue, CNBC-TV18 engaged with leading experts—Professor Pulapre Balakrishnan from the Centre for Development Studies, Sonal Varma, Chief Asia Economist at Nomura, and Rupa Rege Nitsure, former Chief Economist of BFSI—to explore the implications and potential paths forward.

‘The Indian IPO market seems to be thriving right now,’ former CFO of SoftBank Group Alok Sama told CNBC-TV18, emphasising that its growth is largely driven by domestic investors, a trend he sees as healthy. ‘I haven’t seen any evidence of excesses in the Indian market.’

The domestic market witnessed a broad based selloff on the back of heightened geo-political tensions between Russia and Ukraine. Further adding to the pressure, the Adani Group faced renewed scrutiny after a US District Court and the SEC charged Gautam Adani and other group executives in an alleged $250 million bribery scheme to secure solar energy contracts in India.

Adani Group, Vedanta Resources, Tata Power, LIC and others are the stocks that will be in focus on Friday, November 22. Check this roundup of the companies to watch out for.

“Holding increased from 5.033% to 7.034%, a net increase of 2.001% during the period from 20.03.2024 to 19.11.2024 at an average cost of ₹4950.807,” LIC said on Thursday in a filing on BSE. 

Baidu’s U.S.-listed shares rose about 1% in premarket trade.

The purchase at One Lodha Place has been made for a consideration of ₹486 crore, excluding applicable stamp duty. The shares of Nippon Life India Asset Management ended 1.82% lower in the session on Thursday, November 21.

SEBI eliminates the no-objection certificate (NOC) requirement for refunding the 1% security deposit for IPOs.

Markets regulator SEBI has amended Alternative Investment Funds (AIF) rules directing them to grant investors’ rights in investment and distribution of proceeds in proportion to their commitments in a scheme.

SECI declined to comment on whether it would cancel its Power Purchase Agreement (PPA) with Adani Power following US bribery charges against group executives, stating it has not received formal documentation from authorities.