Wed, Jan 8, 2025 2:11 PM
The Indian billionaire "Gautam Adani" finds support from a US congressman
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FTV Capital, a firm focused on growth-equity bets, has amassed more than $4 billion for two new funds, as it aims to capitalize on a dearth of initial public offerings that has led fast-growing companies to seek capital elsewhere. The firm closed on $3.4 billion for FTV VIII, marking its largest fund to date and eclipsing the $2.3 billion it collected in 2022, executives said.
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📈 Amid weak global cues, domestic benchmark indices started gap-down on 9 January, 2025 📢 At 9:16 AM, the Sensex tanked 202.57 points or 0.26% at 77,945.92, and the Nifty plunged 40.90 points or 0.21% at 23,639.05 📊 Oil India (⬇️2.27%), SBI (⬇️1.65%) and Oberoi Realty (⬇️1.81%) appeared as the top losers on the Nifty 50 at the Open.
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Oil prices fell on Thursday, extending losses from the previous day, pressured by large builds in U.S. fuel inventories last week, though concerns over tighter supplies from OPEC members and Russia capped the decline. Brent crude futures fell 28 cents, or 0.4%, to $75.88 a barrel by 0125 GMT. U.S. West Texas Intermediate crude futures dropped 30 cents, or 0.4%, to $73.02.
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