Emirates NBD, Dubai’s largest bank, launched an open offer to acquire 26% of RBL Bank at ₹280 per share, following its ₹26,853 crore strategic investment. The combined ₹38,000 crore deal marks India’s biggest FDI in financial services and a historic foreign acquisition of a private lender.Read More

Non-bank lender Mahindra and Mahindra Financial Services on Tuesday reported a 45 per cent increase in its September quarter consolidated net profit at Rs 566 crore.Read More

Microsoft and OpenAI on Tuesday said they had reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and clearing the way for it to become a publicly traded company.Read More

Wall Street’s main indexes opened at record highs on Tuesday after upbeat forecasts from companies such as UnitedHealth and UPS, while Apple topped $4 trillion in market value for the first time, boosted by strong demand for its latest iPhone models.Read More

Apple has crossed a significant milestone, reaching over four trillion dollars in market value. This achievement comes as demand for its new iPhone models surges. The company’s shares have seen a strong rebound this year. Despite concerns about its progress in artificial intelligence, Apple’s latest iPhones are performing well.Read More

Despite a weak broader market, six PSU bank stocks—SBI, PNB, Bank of Baroda, Canara Bank, Indian Bank, and Bank of India hit fresh 52-week highs. Analysts expect up to $4 billion in FII inflows if the government raises the investment cap for foreign investors.Read More

Adani Green Q2 Results: Adani Green more than doubled its profit year-on-year in the second quarter to Rs 583 crore. The bottomline rose 111% from Rs 276 crore posted in the last year quarter. Total income during the quarter, however, fell 4% YoY to Rs 3,249 crore.Read More

Indian markets closed lower amid profit-taking in consumer and IT stocks, though metals and PSU banks gained on optimism over U.S.-China trade progress and potential FII limit hike.Read More

Signature Global raised Rs 875 crore through NCDs from IFC, using over half to retire debt and the rest for Sohna land acquisition. The A+ rated NCDs mark its first listed debt issue, reflecting strong ESG focus and sustainable growth plans.Read More

The Indian Rupee weakened by 8 paise against the US Dollar, closing at 88.27 on Tuesday. Weak domestic stock markets and foreign fund outflows contributed to the decline. Softening crude oil prices and a weaker US Dollar provided some support. Investors are awaiting the US Federal Reserve’s policy decision for further market direction.Read More