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Investing.com -- A decline in volatility in the so-called Magnificent 7 group of megacap stocks suggests that the U.S. stock market is not yet in a bubble, according to analysts at Bank of America Securities.

MUMBAI : Lunolux Ltd, the promoter of Eureka Forbes Ltd, will sell up to a 12% stake in the household appliances maker for $138.6 million ( ₹1,148.7crore) through a block deal on Thursday, people with knowledge of the deal said. Advent International had bought a majority stake in Eureka Forbes from Shapoorji Pallonji Group for ₹4,400 crore in 2021. Lunolux is an entity held by Advent International.

MUMBAI : Think & Learn Pvt. Ltd, the parent of edtech firm Byju’s, said it has secured an order from the Karnataka High Court stating that any resolutions proposed in an emergency meeting called by some of its key investors would be invalid until a final hearing by the court.

global peace and security and bolstering partnership with it should be the cornerstone of Europe's foreign policy, Greek Prime Minister Kyriakos Mitsotakis said on Wednesday. In an address at the inaugural session of the Raisina Dialogue, Mitsotakis described the conflict in Ukraine as much more than a «local war on European soil» and that it is a «brutal challenge» to international stability and the rules-based order that India has supported. Prime Minister Narendra Modi, External Affairs Minister S Jaishankar, foreign ministers from a number of countries and a galaxy of strategic affairs experts and academicians attended the session. When it comes to shaping global debates and addressing great challenges, India is now often regarded, and rightly so, as a consensus builder and a voice of reason in an increasingly polarised world, the Greek prime minister said.

The NSE Nifty50 fell 0.64% to 22,055, while the S&P BSE Sensex settled 0.59% lower at 72,623.09. The Nifty50 had gained as much as 0.24% in the first hour of the trade to hit a record high for the third session in a row, before reversing gains in the final hours.

MUMBAI : Lunolux Ltd, the promoter of Eureka Forbes Ltd, will sell a 22% stake in the household appliances maker for $254 million ( ₹2,106 crore) through a block deal on Thursday, people with knowledge of the deal said. Advent International had bought a majority stake in Eureka Forbes from Shapoorji Pallonji Group for ₹4,400 crore in 2021. Lunolux is an entity held by Advent International.

The Hong Kong government aims to submit licensing bills for stablecoin and over-the-counter (OTC) crypto trading frameworks in order to regulate the crypto industry and enhance investor protection.

Parul University has achieved a significant milestone by becoming the exclusive institution in Western India to be a part of the National Taskforce for an INDIA-EMS Research Project on Emergency Medicine. The project, aimed at developing a High-Quality Patient-Centric Integrated Model for Emergency Care Systems in selected districts of India, has secured a substantial funding grant of 4.7 Crores from the Indian Council for Medical Research (ICMR).

coal gasification projects in the country, the Ministry of Coal is planning to offer coal at a notified price for coal gasification, a senior ministry official said on Wednesday. «We are considering offering coal at a notified price for coal gasification plants that will be set up. We will be making a policy for the same so that the industry does not face a shortage of coal,» said Nagaraju Maddirala, the Additional Secretary, Ministry of Coal at a roadshow in Mumbai, held to push coal gasification projects. Notified pricing means coal will be made available at a cheaper rate than its auction rate. Currently, only the power sector receives coal at a notified price. Other sectors avail of coal at auction prices.

Elder-care startup Samarth Life has secured Rs 12 crore in a funding round led by Aroa Venture Partners, a venture capital firm known for backing companies like Unacademy, Urban Company and Cred. This funding marks its debut investment from the newly launched Aroa Opportunities Fund, which has a total corpus of Rs 400 crore.

₹2,500 crore through the public issue, which is the highest so far this year. ICICI Securities, Axis Capital, HDFC Bank, and IIFL Securities are the appointed book-running lead managers for the issue.

messaging platform known for its strong focus on privacy and security, is introducing significant changes to further protect user information. In an upcoming update, Signal will implement a new system for managing phone numbers within the app. Changes to Phone Number Visibility Users' phone numbers will no longer be visible to everyone they chat with on Signal. Instead, only contacts who have the user's phone number saved in their device will be able to see it within Signal conversations. This change aims to limit access to personal phone numbers and enhance user privacy.

Nifty on Wednesday ended 142 points weaker to form a Bearish Engulfing pattern on the daily chart, indicating a potential pause in the ongoing rally. The bullish chart pattern like higher tops and bottoms continued as the per daily timeframe chart and Wednesday's swing high of 22,249 could now be considered as a new higher top of the sequence. Hence, short-term weakness could be expected and the next lower supports to be watched at 21,850-21,750 levels, said Nagaraj Shetti of HDFC Securities.

exchange-traded funds (ETFs) changing hands on the National Stock Exchange (NSE) surpassed ₹1 trillion in the first nine months of 2023-24, and for the second year in a row, reported Business Standard. The traded value has touched ₹1.19 trillion so far in fiscal 24, which is already double the pre-pandemic volumes, as per the Nifty Passive Insights report. The data for December has been released with a lag.

ALSO READ: Sachin Tendulkar hails Yashasvi Jaiswal, Sarfaraz Khan as India secure biggest Test win; netizens react The latest viral video was shot when Sachin Tendulkar was travelling to Jammu and Kashmir. During his flight, the 50-year-old was greeted with chants of 'Sachin, Sachin!'. It's not the first time that people were left starstruck whenever the 2011 World Cup winner made a public appearance.

KYC, or Know Your Customer, is a prerequisite process individuals must fulfill before opening a bank account. This process entails verifying the individual's identity, address, and other pertinent details. It necessitates in-person verification.

Trent and Westlife Foodworld are the top picks of Axis Securities in the retail space post the December quarter (Q3FY24) results. Retail companies have reported mixed performance, with premium retailers sustaining their growth momentum. However, value retailers continued to face pressure, noted the brokerage.

PFRDA) on Tuesday released a circular in a bid to secure NPS (National Pension System) transactions through aadhaar-based access of the Central Recordkeeping Agency system under the government sector. As of now, the nodal offices under central and state governments including autonomous bodies currently use a password-based login in order to access the central recordkeeping agency (CRA) for NPS transactions.

By Katya Golubkova

Jindal Steel & Power share price gained more than 3% in intraday trades on Wednesday. The Jindal Steel share price that is up almost 32% since 1st November and also scaled 52-week highs in February itself. Jindal Steel had impressed with the December quarter performance as its net profits more than doubled over the year-ago quarter.

By Nell Mackenzie