The Reserve Bank of India has greenlit Avenir Investment RSC’s acquisition of a significant stake in Sammaan Capital. This substantial deal, valued at ₹7,700 crore, marks a major Middle Eastern investment in India’s financial services. RBI has imposed specific conditions, including restrictions on deposit-taking and a one-year timeline for share transfer, ensuring regulatory oversight.Read More
Indian benchmark indices surged on Tuesday, with the Nifty 50 and BSE Sensex gaining significantly. This rally was driven by positive sentiment stemming from US President Trump’s remarks on Iran negotiations and a pause in strikes. Despite the gains, market direction remains uncertain, with analysts watching for confirmation of a sustained rebound.Read More
The Supreme Court has ordered its registry to disburse ₹5,100 crore from former Sterling Biotech directors to banks proportionally within a week. The court also barred further claims from unsecured creditors and will address the Sebi probe into alleged fund routing on April 2.Read More
JP Morgan has appointed Rahul Badhwar as its senior country officer for India, a critical market for its Asia Pacific operations. Badhwar, who joins from HSBC after a three-decade career, will drive the bank’s growth strategy and ensure the full firm is brought to clients.Read More
Indian equities surged nearly 2% and the rupee gained as traders reduced bearish bets following the US halting strikes on Iran. However, tempered optimism persists due to a lack of reciprocal statements from Tehran and ongoing reports of Iranian attacks, suggesting continued market volatility.Read More
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