The Defence Acquisition Council (DAC) has given the Acceptance of Necessity (AoN) for eight defence proposals worth over ₹54,000 crore, the Centre announced on March 20. The approvals aim to enhance India’s defence capabilities across the Army, Navy, and Air Force while supporting indigenous defence manufacturing. For the Indian Army, the DAC approved the procurement […]
UK-based Prudential Plc has announced a joint venture (JV) with HCL Group to enter India’s health insurance sector. The partnership will be formed with Vama Sundari Investments, HCL Group’s promoter company, which will act as the Indian partner in the venture. Prudential Plc CEO Anil Wadhwani stated that the collaboration aligns with Prime Minister Narendra
UK’s Prudential Plc and HCL Group Announce Health Insurance Joint Venture in India Read More »
Former U.S. President Donald Trump has called on the Federal Reserve to cut interest rates as his administration prepares to introduce a new round of tariffs. In a post on Truth Social, Trump stated that the Fed should lower rates as U.S. tariffs gradually impact the economy. He urged the central bank to “do the
Donald Trump Urges Federal Reserve to Cut Interest Rates Amid Tariff Plans Read More »
Infrastructure company Desco Infratech is set to launch its initial public offering (IPO) for public subscription on March 24. The IPO consists of a fresh issue of 20.5 lakh shares, with no offer-for-sale (OFS) component. The company has set the price band at ₹147-150 per share for the book-built issue. At the upper price band,
Desco Infratech IPO to Open for Subscription on March 24, Price Band Set at ₹147-150 Read More »
A recent Reserve Bank of India (RBI) review of banks’ derivatives positions has found that the accounting issue is specific to IndusInd Bank and not an industry-wide problem, according to sources quoted by Moneycontrol on March 19. While the banking regulator did not find discrepancies in most banks, some private sector lenders have been asked
RBI Review Finds Derivatives Issue Limited to IndusInd Bank, Not a Sector-Wide Concern Read More »
Zydus Lifesciences’ share price extended its gains for the third consecutive session on March 19, rising over 1% after the company received final approval from the US Food and Drug Administration (USFDA) for Apalutamide Tablets, 60 mg. At 9:20 AM, Zydus Lifesciences was trading at ₹916.05, up ₹12.95 or 1.43% on the BSE. The company
Zydus Lifesciences Shares Rise After USFDA Approval for Cancer Drug Read More »
On March 18, Indonesia’s stock market witnessed its biggest single-day drop in over a decade, triggering a temporary trading halt for the first time since the pandemic. The Jakarta Composite Index (JCI) plunged as much as 7.1%, its steepest intraday decline since September 2011, as concerns over the country’s economic slowdown and weak consumer spending
Indonesian Stock Market Sees Biggest Fall Since 2011 Amid Growth Concerns Read More »
On March 18, Paytm announced that its investment platform Paytm Money has received approval from the Securities and Exchange Board of India (SEBI) to offer research services. With this approval, One97 Communications, the parent company of Paytm, can now provide SEBI-compliant research services, including investment insights, research reports, and data-driven analysis. Following the announcement, Paytm’s
Paytm Money Gets SEBI Approval for Research Services; Shares Rise 3% Read More »
Hindustan Unilever Limited (HUL) shares were in focus during the trading session on March 18, following the Competition Commission of India (CCI) approving its 90.5% stake acquisition in Uprising Science Pvt Ltd, the parent company of Minimalist. The deal is valued at ₹2,670 crore and aims to expand HUL’s Beauty & Wellbeing portfolio. HUL’s stock
Bajaj Finserv has signed an agreement with Allianz SE to acquire the 26% stake held by the German insurer in Bajaj Allianz General Insurance (BAGIC) and Bajaj Allianz Life Insurance (BALIC) for ₹24,180 crore ($2.83 billion). This deal will make Bajaj Finserv the sole owner of both companies, increasing its stake from 74% to 100%,
