Valuations have moved up but they have to be viewed in the context of the overall growth environment. Large-cap share valuations are at a relatively modest 10-15% premium to their historical averages.
Japan’s MUFG seals Rs 39,600 crore Shriram Finance Deal
Japan’s MUFG Bank will invest ₹39,620 crore for a 20% stake in Shriram Finance. This is India’s biggest foreign investment in financial services. The deal