Indian markets reacted to a global downturn. US stocks fell as escalating tensions between the US and Iran overshadowed a calm inflation report. Investors worried about rising oil prices impacting consumer spending. Saudi Arabia increased oil production and the IEA released reserves to stabilize markets. The US Federal Reserve is expected to maintain interest rates amid concerns of potential stagflation.
Muthoot Finance approves Muthoot Money merger to create larger gold loan business
In a move to strengthen its market position, Muthoot Finance plans to incorporate Muthoot Money, its wholly-owned subsidiary, into its operations. This merger is designed