The demerger of the wealth management business was completed following the approval from the National Company Law Tribunal (NCLT) on April 27. The scheme of arrangement came into effect on May 18, 2023. Post the demerger, Nuvama plans to enhance focus on its key business segments and grow the client assets significantly over the next 5 years.
Euro gains after German fiscal deal; dollar buoyed with US govt shutdown likely averted
The euro gained on Friday after German parties agreed on a fiscal deal that boosts defence spending and infrastructure. The dollar weakened against the euro
March 15, 2025