Bulls Extend Record Run, Ignore Asia, Europe Bears
Indian equity gauges Monday soared to fresh highs after shrugging off concerns of tepid Chinese growth as robust earnings at HDFC Bank, which dwarfed Morgan Stanley in market value on the first day of trading as a merged entity, helped extend the recent bullish momentum paced by sustained overseas buying in domestic risk assets.
India Inc Likely to ‘Ad’ 20-25% to its H2 Spends this Yr
Advertising and consumer promotion expenditure is expected to surge a record 20-25% year-on-year in the second half of 2023, spurred by factors such as the Cricket World Cup, a rainy summer that has led companies to postpone ad spends, and the festive season, said executives.
Dunzo Eyes $20m More from Rel Retail
Dunzo is seeking at least $20 million (about ₹165 crore) more from Reliance Retail, its largest shareholder, after the cash-strapped quick commerce startup fell short of its target to raise $75 million by offering convertible notes, people aware of the discussions said.
