Latest Updates Around The World
The base case assumes the Nifty index with a 12-month target of 27,958. In a bullish scenario, a 20x multiple suggests upside towards 30,497, while a conservative bear case suggests 26,486. The equity markets appear poised for their next phase of expansion after nine months of tight consolidation, with the Nifty trading within a narrow […]
Founded in 1944, Prabhudas Lilladher Group is one of the few financial services companies that has experienced multiple market cycles. With a sharp focus on research, it has transformed itself into a complete financial services provider under PL Capital. business line spoke with Amisha Vora, promoter, chairman and managing director of PL Capital Group. Extract: […]
Japan’s MUFG Bank has made a defining statement on the Indian credit sector with its plan to invest Rs 39,620 crore in Shriram Finance for a 20% equity stake, in what is expected to be the largest foreign direct investment in Indian financial services. For investors, the size, structure and timing of the transaction read […]
The Indian currency closed around 52 paise lower compared to the previous close of 89.9650 per US dollar. On Thursday, the INR surpassed the previous week’s record low of 90.43 per dollar The rupee closed at a record low of 90.4825 per US dollar on Thursday, weighed down by India’s delay in finalizing a tariff […]
Indian fixed income has delivered modestly positive returns amid low inflation and robust growth, supported by steady FPI debt inflows and accommodative RBI policy. The central bank’s October 1 pause on a 5.50% repo rate maintains policy support, pending clarity on global trade headwinds, and positions itself for possible future easing. Market performance (January – […]
