Shriram Finance shares surged to an all-time high after Japan’s MUFG Bank announced its acquisition of a 20% stake. Analysts have raised price targets, citing the deal’s positive impact on the NBFC’s growth outlook and debt repayment confidence. The investment is expected to accelerate diversification plans and bring valuable expertise.Read More

The Reserve Bank of India actively intervened in the foreign exchange market, net selling $11.87 billion in October to defend the Indian rupee. This intervention prevented a significant depreciation, with the currency closing the month near its record low. The real effective exchange rate remained largely stable in November.Read More

The Indian rupee weakened against the US dollar on Monday, closing at 89.65, after a three-day rally. Dollar demand from local firms and pressure from the non-deliverable forwards market offset recent intervention-led gains. Higher oil prices are expected to be a near-term driver for the pair.Read More

Indian equity indices surged on Monday, mirroring gains across Asia, driven by a strengthening rupee and renewed foreign investment. The Nifty and Sensex closed higher, with the broader market also showing strength. Analysts attribute the upward trend to a ‘Santa rally’ phenomenon, with midcap and smallcap stocks leading the advance.Read More

Asian stocks advanced for a second day, mirroring Wall Street’s bullish momentum and signaling a year-end rally. The MSCI Asia Pacific index rose, with Japan’s Topix also climbing. This positive sentiment, driven by technical factors and stimulus optimism, is setting the stage for a strong finish to the year and a solid start to the...Read More

This year’s ET 500 list reveals fierce competition. Many companies saw their rankings fall. However, some firms achieved notable gains. Aster DM Healthcare and Strides Pharma Science climbed significantly. New companies also entered the prestigious list. The cutoff income for the 500th company has also risen, indicating growth in corporate India’s scale of operations.Read More

Gold and silver have reached all-time highs, driven by escalating geopolitical tensions and expectations of US interest rate cuts. This surge marks the strongest annual performance for both metals since 1979, with investors and central banks fueling demand amidst concerns over currency debasement and ballooning debt.Read More

Six companies had shown interest in acquiring Aviom India Housing Finance under the National Company Law Tribunal (NCLT)-monitored process but eventually three of them participated at the challenge auction process that concluded last week.Read More

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