ENIL buys significant minority stake in music platform Spardha
This is ENIL’s first external investment, and with this move, the company has signalled its interest in strategic investments to build shareholder value in the long term. Founded in 2020, Spardha is a platform that caters to individuals with specific learning demands and aims to reinvent the music learning space by addressing problems in music […]
Cooling inflation may soften RBI rate hikes
“Signs of a peak in inflation and lower incremental depreciation pressures on the currency increase the likelihood that RBI might dial down the scale of the hike in December to 35 basis points, after three consecutive 50-basis point increases, and the tightening cycle peaking in early 2033, ahead of the US Fed,” said Radhika Rao, […]
Sensex closes at a new high of 61,872
The Sensex rose 248.84 points or 0.40% to settle at 61,872.99 – surpassing its previous closing peak of 61,795.04 on November 11. During the day, the index witnessed a high of 61,955.96 – its 52-week intraday high.