Fri, Feb 9, 2024 1:53 PM
As RBI MPC dashes repo rate cut hopes, analysts predict easing
A Flip by Shubhangi Gupta
Singapore's Suntec Real Estate Investment Trust said on Wednesday that investment holding firm Aelios has increased the offer price to buy the REIT's shares it does not already own, valuing Suntec at S$3.48 billion ($2.54 billion). Aelios, owned by billionaire couple Gordon and Celine Tang, raised the offer to S$1.19 per share, up from the previous bid made in December of S$1.16 apiece.
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The United States-based cryptocurrency exchange Coinbase is reportedly facing a subpoena from the Commodity Futures Trading Commission (CFTC) in connection with the crypto-based prediction market platform Polymarket. The news was reported by EthHub co-founder Eric Conner in an X post on Wednesday.
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IT bellwether Tata Consultancy Services Ltd (TCS) is set to begin the third-quarter earnings season. However, Indian companies are bracing for another quarter of muted growth as the December quarter preview by leading brokerages suggests that the earnings slowdown seen in the first half of 2024-25 is far from over.
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