Latest Updates Around The World
The National Stock Exchange of India (NSE) has announced an additional 15% exposure margin on 18 stocks in the futures and options (F&O) segment of the March 2026 series, while easing margin requirements for gold and silver futures.According to the NSE circular, the additional exposure margin of 15% will apply to equity derivatives where the […]
Gold loan financier Manappuram Finance on Saturday said it has received final approval from the Reserve Bank of India (RBI) for the proposed acquisition of up to 41.66 per cent of the company’s paid-up share capital/convertible instruments by subsidiaries of Bain Capital – BC Asia Investments XXV Ltd and BC Asia Investments XIV Ltd.The RBI’s […]
Apparel maker Gokaldas Exports on Wednesday witnessed a bulk deal with French multinational bank Societe Generale buying over 5 lakh shares worth Rs 41 crore, even as the stock remains in the top focus on the D-Street following the US-India trade deal, with the company seen as a major beneficiary.Societe Generale bought these shares at […]
Manappuram Finance saw a bulk deal on Thursday, with existing investor Goldman Sachs selling over 65.27 lakh shares worth around Rs 190 crore. The shares were picked up by Morgan Stanley. In a separate transaction, CLSA sold 71.61 lakh shares in Sunteck Realty for Rs 269 crore, with Goldman Sachs and Morgan Stanley emerging as […]
Businesswoman counting money, calculating the exchange rate of Indian rupee money as return on financial investment at the table in her office indoors. | Photo credit: iStockphoto With the price of gold reaching an all-time high, banks are seeing a huge increase in demand for gold loans. According to RBI data, outstanding loans against gold […]
Indian shares closed lower on Friday, with the Sensex and Nifty extending losses for a fifth straight session, as concerns over global trade and political uncertainty in Washington weighed on investor sentiment. An early attempt at a recovery quickly faded, with benchmark indices sliding into the red within minutes of the open as caution returned […]
Manappuram Finance said necessary documents, including responses to clarifications sought by the Reserve Bank of India (RBI), on its application for change of control in the company in respect of the proposed investment by Bain Capital through its subsidiaries – BC Asia Investments XIV Ltd and BC Asia Investments XXV Ltd – have been submitted […]
Global private investment firm Bain Capital’s proposal to acquire a majority stake in Kerala-based gold loan financier Manappuram Finance has hit a regulatory hurdle, sources say. “The Reserve Bank of India (RBI) does not approve of one investor having a majority stake in two lenders and Bain Capital acquired a 90 per cent majority stake […]
Shares of Manappuram Finance fell 10% intraday to hit the day’s low of aRs 278.55 on the NSE, following a Reuters report saying India’s banking regulator has raised objections to Bain Capital’s plan to acquire a majority stake in the company.The Reserve Bank of India has expressed reservations, saying the U.S. company has a controlling […]
