Indian Market

SEBI Drops Charges Against NSE and Former Executives in Co-Location Controversy

/ Indian Market /

The Securities and Exchange Board of India (SEBI) has concluded its proceedings against the National Stock Exchange (NSE), along with former officials Ravi Narain, Chitra Ramkrishna, Anand Subramanian, and others, in connection with the exchange’s co-location services investigation. Ravi Narain served as the Managing Director and CEO of NSE from 2000 to March 2013, while […]

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Mahindra & Mahindra Financial Services Expands Into Mortgage Business

Mahindra & Mahindra Financial Services Expands Into Mortgage Business

/ Indian Market /

Mahindra & Mahindra Financial Services (MMFS) has announced its foray into the mortgage business, which will include a range of offerings such as housing finance, top-up loans, lease rental discounting, home improvement, and home extension loans. The expansion was approved during a board meeting held on September 13. MMFS, a leading non-banking financial company (NBFC),

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Ford Motor Plans to Reopen Manufacturing Plant in Tamil Nadu for Exports

Ford Motor Plans to Reopen Manufacturing Plant in Tamil Nadu for Exports

/ Indian Market /

On September 13, Ford Motor announced plans to restart its manufacturing facility in Tamil Nadu, focusing on producing vehicles for export markets. This announcement comes just two days after a meeting between Tamil Nadu Chief Minister M.K. Stalin and Ford officials during the CM’s visit to the United States. The American automaker submitted a letter

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BLS International Acquires Dubai's Citizenship Invest to Expand Visa Programs

BLS International Acquires Dubai’s Citizenship Invest to Expand Visa Programs

/ Indian Market /

BLS International, a visa application service provider, announced the acquisition of Dubai-based Citizenship Invest (CI) for $31 million (Rs 260 crore), marking a strategic move to enhance its offerings in citizenship and residency programs. The deal is subject to regulatory approvals and will be funded through internal accruals. Meanwhile, the shares of BLS International fell

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Adani Group Denies Report of Swiss Authorities Freezing $310 Million in Funds

Adani Group Denies Report of Swiss Authorities Freezing $310 Million in Funds

/ Indian Market /

The Adani Group has strongly refuted claims made by an investigative news outlet, Gotham City, that Swiss authorities have frozen more than $310 million in bank accounts linked to the conglomerate as part of a money laundering investigation. The report suggested that funds were seized across multiple Swiss accounts in connection with investment structures tied

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Nazara Technologies to Invest Rs 982 Crore in PokerBaazi Parent to Boost Skill Gaming Presence

Nazara Technologies to Invest Rs 982 Crore in PokerBaazi Parent to Boost Skill Gaming Presence

/ Indian Market /

On September 12, Nazara Technologies announced its largest-ever investment of Rs 982 crore into Moonshine Technology, the parent company of PokerBaazi, one of India’s leading online poker platforms. This move aims to strengthen Nazara’s position in the online skill-gaming sector significantly. The deal will see Nazara initially acquire a 47.7% stake in Moonshine Technology for Rs

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ECB Cuts Interest Rates by 25 Basis Points as Growth Weakens, Future Moves Uncertain

ECB Cuts Interest Rates by 25 Basis Points as Growth Weakens, Future Moves Uncertain

/ Indian Market /

The European Central Bank (ECB) reduced interest rates by 25 basis points to 3.50% on Thursday, responding to ongoing economic challenges and a slowing inflation rate. This cut follows a similar reduction made in June, as the ECB seeks to bring inflation closer to its 2% target amid near-recession conditions in the eurozone. Despite the

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Sensex Hits Record High, BSE Market Capitalisation Surges by Rs 6.5 Lakh Crore

Sensex Hits Record High, BSE Market Capitalisation Surges by Rs 6.5 Lakh Crore

/ Indian Market /

On September 12, a strong rally on Dalal Street pushed the BSE’s market capitalisation up by over Rs 6.5 lakh crore, as both benchmark indices surged to new record highs. The Sensex crossed the 83,000 mark for the first time ever, closing at 82,962, a rise of 1.77% or 1,440 points. The total market capitalization

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Adani Ports Stock in Focus After Signing Concession Agreement for Multipurpose Terminal at Deendayal Port

Adani Ports Stock in Focus After Signing Concession Agreement for Multipurpose Terminal at Deendayal Port

/ Indian Market /

Adani Ports’ shares are in the spotlight after the company signed a concession agreement with the state-owned Deendayal Port Authority to develop and operate a 5.7 million tonne (mt) capacity multipurpose terminal at the Deendayal Port in Kandla, Gujarat. The terminal will handle clean cargo, including containers, under a 30-year contract won by Adani Ports

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SpiceJet Shares Under Pressure as Delhi HC Upholds Grounding of Three Engines

SpiceJet Shares Under Pressure as Delhi HC Upholds Grounding of 3Engines

/ Indian Market /

SpiceJet’s shares are expected to face continued downward pressure for the second consecutive day on September 12, following the Delhi High Court’s decision to uphold an earlier order grounding three leased aircraft engines. The legal dispute involves unpaid dues to two French lessors, Team France 01 SAS and Sunbird France 02 SAS, amounting to over

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