Sensex Today | Share Market Live Updates: Sensex preopens flat; Glenmark, ICICI Bank in focus

livemint.com:

₹1,158.14 crore in Indian stocks today.Fed tone around maintaining the current interest rate spooked investors across the globe. Moreover, a report showed fewer U.S.

workers applied for unemployment benefits last week than expected. Such a solid labor market helps calm worries about a possible recession.

But it may also give U.S. households fuel to keep spending and companies to try to raise prices further and keep upward pressure on inflation.Concerned about the decline in foreign direct investment (FDI) ahead of next year’s national elections, government officials met with alternative investment funds, startup founders and fund managers last week to identify and iron out operational challenges impeding capital inflows into India, people present in these meetings said.During the meeting with the department for promotion of industry and internal trade (DPIIT) officials, industry participants highlighted tax authorities’ reluctance to understand the valuation and revenue mismatch in high-growth startups.

“Authorities are questioning founders on how they are able to justify their lofty valuations with low revenues and often suspect there is a tax theft," said a person who was present at the meeting. (Read More)Vedanta Ltd board on Thursday approved the rasing of ₹2,500 crore through the issuance of non-convertible debentures on a private placement basis.A decision in this regard was taken at the meeting of Committee of Directors of the company, Vedanta Ltd said in a regulatory filing."The Committee of Directors on Thursday, considered and approved for raising, on a private placement basis, up to 2,50,000 secured, unrated, unlisted, redeemable, non-convertible debentures of face value ₹1,00,000 each aggregating upto ₹2,500