Manappuram Finance’s shares dropped 21% after the Reserve Bank of India took regulatory action against its subsidiary, Asirvad Micro Finance. The RBI ordered Asirvad to stop loan sanctions and disbursals. Asirvad contributes 27% to Manappuram’s assets under management. Investors should observe management actions to address these concerns and monitor stock movements around key support levels.
Goldman sees gold at $3,100 by end of 2025
Central-bank demand may average 50 tons a month, more than previously expected, analysts Lina Thomas and Daan Struyven said in a note. Should uncertainty over
February 19, 2025