Bain Capital’s plan to acquire a majority stake in Manappuram Finance is facing regulatory hurdles, sources say

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 […]

Market Turnaround: 263 of the BSE 500 stocks end the week in the green as FIIs turn net buyers. IT, health scripts shine

Indian stock markets ended the week on a steady note without any major bad news, with the BSE 500 index gaining 1.3%. Nearly 53% (263) stocks closed in the green, while 226 stocks fell weekly. Markets largely maintained their positive momentum, supported by gains in IT stocks, steady buying from domestic institutional investors and continued […]