Kesoram Industries surged 20% after Frontier Warehousing acquired a 42.8% controlling stake through a block deal, marking the Birla family’s full exit from the company. The stake purchase follows the earlier demerger of Kesoram’s cement business into UltraTech, leaving the firm focused on its non-cement operations.Read More
Fino Payments Bank fell 6% to Rs 295.75 even after becoming the first Payments Bank in India to get RBI’s in-principle approval to convert into a Small Finance Bank (SFB). The transition is aimed at expanding its product portfolio, lending operations, and customer reach.Read More
IndiGo faces significant financial headwinds due to widespread flight cancellations extending through December, impacting revenue by an estimated 5-7%. The airline is also grappling with increased pilot costs due to new regulations. Analysts, however, view this as a temporary operational blip, with operations expected to stabilize within weeks.Read More
Bitcoin has stabilized above $91,000 after a strong rebound, with Ethereum also holding firm above $3,000. Major altcoins are showing gains, contributing to a global crypto market cap nearing $3.1 trillion. Analysts suggest bullish momentum is building, with potential for further upside if the Fed cuts rates, though $87,500 remains a key support.Read More
Indian government bonds saw gains on Monday. Buyers found value in various bond maturities following the Reserve Bank of India’s policy actions. The central bank announced a rate cut and plans for bond purchases to inject liquidity. This move has shifted investor interest away from the benchmark 10-year notes.Read More
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