A combination of primary infusion and secondary share sale is planned as valuation doubles to $3 billion in 3 years. Sajjan Jindal led group is set to emerge as the single largest shareholder in the country’s 3rd largest EV passenger car maker.Read More

Kotak Mahindra Bank is set to acquire Deutsche Bank’s retail, private banking, and wealth management operations in India. This significant deal, involving approximately ₹29,000 crore in loans and ₹16,000 crore in deposits, will bring around 150,000 new customers and 1,000 employees to Kotak. The acquisition aims to bolster Kotak’s focus on affluent and SME clients,...Read More

Indian equities are poised for a positive July, building on historical trends and recent market strengths. Easing crude oil prices, a stable rupee, and reduced foreign selling are fueling optimism. Analysts anticipate the Nifty could climb 2-3% from current levels, with mid and small-cap stocks expected to lead the rally. Investors are closely watching geopolitical...Read More

Securities and Exchange Board of India (Sebi) is proposing significant governance changes for alternative investment funds. The regulator aims to standardize investor consent, enhance oversight of conflict-of-interest deals, and introduce a uniform 75% approval threshold for key decisions. This move seeks to address inconsistencies in current rules and ensure greater transparency and fairness for investors...Read More

The Reserve Bank of India’s net short forward position in the currency market surged to a record $106.6 billion in May, indicating significant interventions to shield the rupee from hitting new lows amid global tensions. While the rupee has since recovered from its record low due to capital inflows and policy measures, the central bank...Read More

Oil prices saw an uptick as Iran’s refusal to meet U.S. envoys heightened tensions, impacting the fragile ceasefire. Despite recent declines following conflict de-escalation, analysts are revising forecasts. Meanwhile, U.S. crude and gasoline inventories dropped last week, with markets awaiting official government data. Tanker traffic through the Strait of Hormuz is reportedly recovering, easing supply...Read More