UltraTech Cement announced a 1:52 share swap ratio for acquiring Kesoram Industries, effective March 1, 2025. The board also approved expansion into the wires and cables segment. UltraTech and Kesoram shares closed lower following the announcement.
Asian stocks hit a record high, fueled by a surge in technology shares and easing geopolitical tensions. South Korea’s SK Hynix reached a $1 trillion
Gilt funds invest in government securities. These funds are sensitive to interest rate changes. Rising yields have recently led to weak returns for gilt funds.
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