UGRO Capital’s shares surged following the announcement of its acquisition of Profectus Capital for Rs 1400 crore. This all-cash deal is expected to boost UGRO’s business mix by 30% and add Rs 150 crore in annual profit. The acquisition, funded by a rights issue and potential debentures, positions Profectus as a wholly-owned subsidiary, pending regulatory approvals.
Stablecoins fuel liquidity, not yet money: Mike Dolan
The U.S. “Genius Act” has legitimized stablecoins, fueling debate on whether their $250B market will stabilize Treasuries or trigger systemic risks. Proponents see demand support,
August 16, 2025