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E-commerce platform Meesho’s market capitalization surged past ₹1 lakh crore within seven sessions of its listing, closing Thursday at ₹234 per share. This significant growth, up 37% since its December 10th debut, is attributed to its focus on Tier 2 and 3 city consumers and a robust, asset-light business model generating positive cash flows.Read More

The Indian rupee strengthened on Thursday, closing at 90.24 against the US dollar. This marks a second consecutive day of gains. Corporate dollar inflows and falling global commodity prices supported the rupee’s rise. Experts noted a favorable shift in supply dynamics. Investors are now watching central bank policy announcements and US inflation data.Read More

JPMorgan Asset Management’s Bob Michele sees continued strength in emerging market local-currency bonds heading into 2026, despite expectations of a waning dollar. High real yields are attracting investors to the under-allocated asset class, which has already seen significant gains this year. Michele favors specific emerging market currencies, even as the dollar could potentially reach new cycle highs.Read More

SoFi Technologies has launched its own US dollar stablecoin, SoFiUSD, fully backed by cash reserves. The digital bank plans to offer the token to its members soon, aiming to facilitate 24/7 settlements for card networks, retailers, and businesses. This move aligns with a broader trend of financial firms embracing stablecoins for faster and cheaper money movement.Read More

Markets traded cautiously, ending flat as consolidation continues, influenced by global cues and currency concerns. Key stocks like Ola Electric, ICICI Prudential AMC, and Bharti Airtel are in focus due to promoter stake sales, IPO debut, and CFO appointment respectively. NTPC plans significant capacity expansion, while Vodafone Idea raised funds for network investment.Read More