Oil touches 2-week high after drone attack on UAE nuclear power plant
Oil prices are rising as tensions between the U.S. and Iran escalate. An attack on a nuclear power plant in the United Arab Emirates has heightened concerns. U.S. President Donald Trump is reportedly set to discuss military actions against Iran. This follows recent drone attacks on the UAE and Saudi Arabia, raising fears of wider […]
Gold loans are no longer merely the last source of credit for the poor: Shaji Varghese, CEO, Muthoot FinCorp
Muthoot Fincorp is gearing up for a monumental ₹4,000 crore IPO, seeking to ignite its expansion plans and harness the momentum of its current growth trajectory. With an optimistic eye on the future, the company is poised to navigate market fluctuations and continue its upward path. The funds raised will be pivotal in propelling further […]
British insurer Prudential to buy 75% in Bharti Life for Rs 3,500 crore
Bharti Enterprises will pare its stake in the company to 25% from 85% while 360 One Asset Management will sell its entire 15% holding and exit the venture, the companies announced on Sunday.
Only Ambuja in fray for Jaypee Cement, submits Rs 580 crore bid
In a surprising turn of events, Ambuja Cements, part of the Adani Group, has put in a bid of Rs 580 crore for Jaypee Cement. However, this bid falls short of the company’s liquidation value, prompting lenders to engage in discussions with Ambuja for a more favorable offer.
RBI elevates 5 senior officers to executive director rank
Four of the newly empanelled executive directors – Gunveer Singh, Monisha Chakraborty, Suman Ray and Sudhakar Malli – belong to the common seniority group (CSG) cadre, while Ravi Shankar is from the department of statistics and information management (DSIM) cadre.
SBI Ventures to manage Rs 20,000 crore Maritime Fund
SBI Ventures has been appointed as the fund manager for the ₹20,000-crore Maritime Investment Fund. This initiative, backed by government equity, aims to attract private capital for the maritime sector’s growth. The fund will operate as a trust and be registered with SEBI, focusing on a blended finance model to boost long-term, affordable capital availability.
Selling at higher levels turns 23,800 into key barrier for Nifty: Analysts
Benchmark Nifty closed lower last week. Analysts anticipate continued range-bound trading for Nifty this week. Trading strategies suggest buying on dips and selling on rallies within the 23,800-23,200 range. Specific stock recommendations include Indus Towers, Samvardhana Motherson International, Aditya Birla Capital, Sun Pharmaceutical Industries, and Arvind Limited. Investors are advised to consider these opportunities.