Milky Mist Dairy Food has raised Rs 482 crore in a Temasek-backed pre-IPO round, led by Jongsong Investments. The funding strengthens its balance sheet ahead of its planned market debut, signalling strong institutional interest in the value-added dairy brand as it accelerates expansion and prepares for listing.Read More
The Indian rupee has reached its weakest point ever. This is due to increased demand for dollars and higher oil prices. India’s central bank is exploring ways to attract dollar inflows. These measures aim to strengthen foreign exchange reserves. The rupee faces pressure from rising oil costs linked to the Iran war. Capital outflows have also impacted the currency.Read More
Oil prices rose about 5% on Monday after Iran’s Fars news agency reported an incident with a U.S. warship in the Strait of Hormuz, sparking concerns over a prolonged disruption in the vital oil transit route.Read More
Capri Global Capital is targeting ₹55,000 crore in assets under management by FY28. The non-banking financial company is focusing on growth through gold loans and co-lending arrangements. This strategy aims to boost fee income while maintaining profitability. The company plans significant expansion in its gold loan branch network over the next three years.Read More
European shares ticked lower on Monday as European automakers came under pressure following threats of a U.S. tariff hike, while investors awaited signs of progress in reopening the Strait of Hormuz.Read More
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