Latest Updates Around The World
The rupee recovered on Wednesday to close 65 paisa stronger at 90.38 per dollar, reversing a five-day freefall period after the central bank was likely to intervene in the foreign exchange market.The currency gained 0.7% from the previous close of 91.03, making it the best single-day performance in two months. “The correction can be attributed […]
Google is expanding its consumer finance business in India with the launch of a UPI-linked credit card, tapping into a country of over 1.4 billion people where less than 50 million people currently have a credit card. On Wednesday, Google entered the growing co-branded credit card market in India with the launch of Flex by […]
The Indian market closed lower on Tuesday, with the Sensex and Nifty extending their declines for a second straight session, as continued foreign portfolio outflows and a weakening rupee kept investors on edge. Lingering uncertainty over a possible US trade deal contributed to the cautious mood on Dalal Street.The S&P BSE Sensex fell 533 points, […]
The Indian rupee fell to a lifetime low on Tuesday as weak risk appetite compounded ongoing pressure from hedging demand and portfolio outflows amid continued uncertainty over a US trade deal.The rupee fell to 91.0750 per dollar before ending 0.3% lower at 91.0275. The currency has fallen more than 6% against the dollar this year […]
Indian shares closed lower on Tuesday, with the Sensex and Nifty extending their declines for a second straight session, as continued foreign portfolio outflows and a weakening rupee kept investors on edge. Lingering uncertainty over a possible US trade deal contributed to the cautious mood on Dalal Street.The S&P BSE Sensex fell 533 points, or […]
India’s asset management industry is expected to double its assets to $2.3 trillion by March 2029 from $1.1 trillion by March 2024. | Photo credit: ANUSHREE FADNAVIS/REUTERS Axis Bank Ltd. is adding 50 private bankers and plans to launch several funds in India’s low-tax financial hub, as part of a broader strategy to tap the […]
On November 26, 2025, the Nifty crossed 26,000, followed by the SENSEX which rose past 86,000 for the first time just a day later. After a brief period of market turbulence, these milestones were widely seen as evidence of the market’s revival. At index level, the optimism seems well-founded.However, the story is different when it […]
Indian stock markets have spent almost eighteen months in a sideways move, and according to Ashi Anand, founder and CEO of IME Capital, this consolidation phase has been shaped by a mix of headwinds: weak growth, high interest rates and geopolitical uncertainty. But the story gradually gets better. Anand notes that growth indicators have strengthened […]
Markets regulator Sebi has given in-principle approval to the registration of ‘Raajmarg Infra Investment Trust’ (RIIT) as an Infrastructure Investment Trust (InvIT) and will get the final nod after it meets specific requirements in the next six months, an official statement said on Friday.As part of the process to secure final registration, RIIT will have […]
Manipal Health Enterprises Pvt. plans to file for a $1 billion initial public offering in January, according to people familiar with the matter, paving the way for the largest stock market listing of a hospital operator in India.The company is targeting a valuation of as much as $13 billion, the people said, asking not to […]
