BankBazaar.com has partnered with Muthoot FinCorp to offer a digital gold loan product. This marks BankBazaar’s entry into the secured lending segment. Muthoot FinCorp, which operates in the gold loan space, will manage the operational aspects of the product. Investment and Funding Round As part of the collaboration, Muthoot FinCorp has invested ₹15 crore in …
The World Bank has cut India’s GDP growth forecast for the financial year 2025-26 to 6.3%, down from 6.7% projected earlier. The update was released as part of the Bank’s latest South Asia Development Update. The revision follows concerns over global economic uncertainty and its likely impact on investment and trade. Comparison with Other Estimates …
According to the NDTV Profit Reports, the Secondary Market Advisory Committee (SMAC) of the Securities and Exchange Board of India (SEBI) is scheduled to meet on May 7. One of the items on the agenda is a review of the impact of recent Futures and Options (F&O) regulations. Review of Existing Curbs The panel is …
The Dibang Valley district administration has successfully completed the first phase of compensation distribution to families affected by the 3,097 MW Etalin Hydroelectric Project (HEP), marking a critical milestone in the implementation of one of India’s largest hydroelectric initiatives. Compensation Disbursement and Project Scale In a landmark move to support infrastructure growth in the Northeast, …
The Competition Commission of India (CCI) has approved two significant transactions involving Bharti AXA Life Insurance Company Limited (BALIC). The approval covers: (i) the acquisition of certain equity shares of BALIC by 360 ONE Private Equity Fund (360 Fund) through its schemes or affiliates, and (ii) the subscription of additional equity shares in BALIC by …
On April 24, 2025, as of 12:20 PM, the BSE Sensex was down 0.30% at 79,877.91, while the Nifty 50 was down 0.24% at 24,269.35. The mid-day top gainers and losers for the day are: Mid-Day Top Gainers Symbol Open High Low LTP %chng INDUSINDBK 795 837.5 793.3 835.1 5.15 GRASIM 2,690.00 2,736.30 2,673.00 2,733.00 1.76 ULTRACEMCO 11,877.00 12,166.00 …
Adani Group’s airport division is reportedly in advanced talks with international lenders to secure an offshore loan of up to $750 million, according to individuals familiar with the matter, as per Economic Times report. The funding is expected to support the unit’s capital expenditure plans and refinance an existing dollar-denominated debt maturing in September. A …
The Pension Fund Regulatory and Development Authority (PFRDA) has introduced new rules for National Pension System (NPS) subscribers who renounce Indian citizenship without obtaining an Overseas Citizen of India (OCI) card. These individuals are now required to close their NPS accounts and transfer funds to an NRO account. PFRDA Issues New Guidelines for NPS Account …
On April 23, 2025, domestic equities continued their upward momentum. The NSE Nifty ended the session at 24,328.95, rising 161.70 points or 0.67%, while the BSE Sensex gained 520.90 points or 0.65% to close at 80,116.49. Banking and financial stocks were key drivers of the rally. This week’s Nifty contracts are set to expire on …
On April 23, 2025, BSE Sensex surged 0.65% to close at 80,116.49, while Nifty50 ended 0.48% higher at 24,282.35. Despite the overall positive sentiment in the market, several individual stocks displayed sharp price movements, hitting their respective circuit limits. Notable among them were Websol Energy System Ltd, Godfrey Phillips India Ltd, Aptech Ltd, Kitex Garments Ltd, and Nibe Ltd, reflecting …
