Vedanta’s demerger plan has received formal approval from the NCLT. This will create five separate listed companies. Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel will become independent. The residual Vedanta Limited will house Hindustan Zinc. This move aims for sharper focus and independent capital access for each business.Read More
Protean eGov Technologies is set to gain investor attention after announcing its acquisition of a 4.95% stake in NSDL Payments Bank. This strategic move aims to bolster Protean’s digital financial infrastructure, fostering partnerships and developing scalable solutions for underserved segments. The collaboration leverages NSDL Payments Bank’s digital-first platform to expand Protean’s reach in citizen-centric financial...Read More
Aditya Birla Sun Life Nifty 50 ETF has outperformed its benchmark by nearly 12% this financial year, a feat achieved by strategically tendering shares into a buyback at a premium. This “passive-plus” approach, also benefiting its Nifty IT ETF, aims to offset fees and generate incremental alpha for investors.Read More
The Nasdaq closed higher Tuesday, while the S&P 500 and Dow declined as investors assessed economic data for the Federal Reserve’s policy outlook. Nonfarm payrolls saw a modest increase, but the unemployment rate rose. Investors are now pricing in significant interest rate cuts for next year.Read More
Oil prices surged Wednesday following President Trump’s order for a complete blockade of sanctioned Venezuelan oil tankers. This move, aimed at increasing pressure on President Maduro, introduces fresh geopolitical concerns amid existing demand worries. The blockade could impact significant daily oil volumes, potentially boosting prices. The U.S. has recently intensified its campaign against Venezuela’s oil...Read More
Gold prices surged as a weaker-than-expected U.S. jobs report fueled expectations of future interest rate cuts. The rising unemployment rate in November pressured the dollar and Treasury yields, making gold more attractive. Investors are now keenly awaiting key inflation data this week for further market direction.Read More
Kotak Mahindra Bank is restructuring its microfinance portfolio, significantly reducing joint liability group (JLG) loans to focus on individually underwritten loans. The bank aims to rebuild its microfinance book to previous levels, cautiously expanding to manage the cyclical nature of the business. Early indicators for its new underwriting model are encouraging, with improved collection efficiency.Read More
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