In a crucial move to ensure its continued existence in India’s fiercely competitive telecom sector, Vodafone Idea (Vi) has announced that its board of directors has approved a significant fundraising plan of up to Rs 20,000 crore. This fresh capital infusion is seen as a vital lifeline for the debt-ridden telco, which has been grappling … Read more
Shares of India’s leading gold loan non-banking financial companies (NBFCs), Muthoot Finance and Manappuram Finance, witnessed a significant surge of up to 7% today. This upward movement in the market comes in the wake of the government urging the Reserve Bank of India (RBI) to ensure that small gold loan borrowers are not adversely affected … Read more
Ram Chandra Agarwal, a name synonymous with the thriving retail landscape in India, has built an impressive empire, most notably through his brainchild, Vishal Mega Mart. While the precise figures of his personal wealth remain largely outside the public domain, estimations suggest his net worth is comfortably in the multi-crore range, a testament to his … Read more
The Indian Rupee began Thursday’s trading session 16 paise down, opening at 85.53 against the US Dollar. This dip in the domestic currency can be largely attributed to the strengthening of the US Dollar Index (DXY), which measures the greenback’s value against a basket of six major global currencies. Factors Influencing the Rupee’s Movement: The … Read more
In a significant strategic move poised to reshape the global premium motorcycle landscape, Indian automotive giant Bajaj Auto has announced its intent to take majority control of Austrian motorcycle manufacturer KTM AG. This landmark acquisition, valued at €800 million (approximately ₹7,200 crore), will see Bajaj transition from a long-standing minority investor to the dominant stakeholder, … Read more
The Indian equity markets witnessed a spirited resurgence today, with the Nifty breaching the 24,900 mark and the Sensex rallying over 700 points, largely propelled by a significant uplift in pharmaceutical stocks. This robust performance comes on the heels of a volatile period, underscoring the dynamic nature of investor sentiment and sectoral rotations in the … Read more
Rukhsar Rehman, a seasoned actress in the Indian film and television industry, has carved a remarkable path for herself, marked by both early success and profound personal challenges. Her journey is a testament to her resilience, culminating in a career that has seen her grace both the big and small screens. While precise figures for … Read more
In a significant financial move, Mukesh Ambani-led Reliance Industries has successfully secured a $2.9 billion (approximately ₹24,100 crore) equivalent offshore loan. This marks the largest such borrowing by an Indian company in over a year, underscoring the strong international lender confidence in the conglomerate despite a general slowdown in deal activity across the Asia-Pacific region. … Read more
In a heartwarming display of achievement and personal aspiration, local entrepreneur Sahil Rana has recently acquired his long-desired Land Rover Defender. The news, which has been circulating amongst friends and associates, marks a significant milestone for Rana and underscores the realization of a cherished dream. Known for his dedication and hard work within the Meerut … Read more
Investors will have a wide array of stocks in focus as the trading week commences on May 12th. Several companies across diverse sectors are likely to see significant activity based on recent news, earnings updates, and broader market trends. Here’s a detailed look at some of the key stocks to watch today: Happiest Minds Technologies: … Read more