Finbud Financial Services IPO: Issue opened on November 6 and will close on November 10. The fully fresh issue of 50.48 lakh shares is priced between ₹140 and ₹142 per share, with a minimum application size of 2,000 shares. The stock is set to list on the NSE SME platform on November 13.Read More

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Hindustan Unilever Limited’s notice for Priya Nair’s appointment as CEO included an unusual offer: shareholders could obtain a copy of her CEO agreement via email. While not legally mandated, this move goes beyond typical inspection procedures, sparking debate on transparency versus competitive risks in executive contracts.Read More

Mahindra & Mahindra is set to exit RBL Bank by selling its entire 3.5% stake. The deal is valued at approximately $78 million. Kotak Securities is managing the transaction. The sale is scheduled for Thursday. This move represents a profitable exit for Mahindra, which had invested in the bank in July 2023.Read More

Jewellery stocks are experiencing a rally driven by robust festive demand and the upcoming wedding season, despite higher gold and silver prices. Analysts anticipate continued momentum, with strong quarterly results and shifting consumer preferences towards modern designs supporting sales and margins. While near-term outlook remains positive, potential moderation in gains is expected after the recent...Read More

Emirates NBD Bank plans to acquire a 26% stake in RBL Bank via an open offer at ₹280 per share, totaling ₹11,636 crore. This move, part of a larger $3 billion investment to gain a majority stake, marks a significant FDI in India’s banking sector. RBL Bank is seeking an increased FDI limit to facilitate...Read More

Asian stocks are poised for a rebound, mirroring Wall Street’s positive sentiment driven by resilient US labor market data and a brief retreat in tech shares. Investors see opportunities in the current market pullback, with strong earnings momentum and encouraging economic indicators supporting a bullish outlook. Meanwhile, Treasuries slipped as the Fed signaled a less...Read More

Markets closed lower on the weekly expiry day, with the Nifty 50 slipping 0.7% to 25,600, retesting its 20-day EMA. Several companies like Paytm, IndiGo, and M&M are in focus due to Q2 results and news developments, impacting trading sentiment.Read More

Technology stocks experienced sharp declines, with bourses in Seoul and Tokyo falling significantly from recent peaks. While the selloff appears largely positioning-driven, with recent outperformers taking the brunt, investors are viewing it as a potential breather and rotation rather than a cause for panic.Read More

McDonald’s saw a sales boost from value offerings like Snack Wraps, but CEO Chris Kempczinski warns economic pressures will persist, impacting lower-income consumers. The company is leaning into discounts, sharing costs with franchisees, to maintain customer traffic amidst inflation and concerns about government aid.Read More