MUFG would make the largest financial FDI in India by investing Rs 39,618 cr in Shriram Finance.

A preferential issue of equity shares from Japan’s MUFG Bank to raise Rs 39,617.98 crore has been approved by Shriram Finance. With the investment, MUFG will have a fully diluted 20% share in the business. In Friday’s trading, Shriram Finance’s share price increased by almost 5%. The largest FDI inflow into the financial services industry…

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The SEBI panel may remove the ban on agricultural trading and reduce restrictions on commodity derivatives.

According to three people with direct knowledge of the situation, a panel appointed by the Securities and Exchange Board of India (SEBI) would recommend in a final report that will be issued early next year that restrictions on commodity derivatives be loosened and that steps be taken to make them more appealing to institutional investors….

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India’s exports increased to $73.99 billion, while its trade deficit decreased to $24.53 billion In November

According to government export and import figures issued on Monday, India’s merchandise trade deficit shrank to $24.53 billion in November due to a decrease in imports of coal, gold, and oil. In October 2024, the trade imbalance was $41.68 billion; in November, it was $17.06 billion. Exports from all commerce, including goods and services, totaled…

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Shakti Pumps wins an order of Rs 443.78 crore to install solar pumps in Maharashtra

The Maharashtra State Electricity Distribution Company (MSEDCL) has awarded Shakti Pumps (India) a contract worth Rs 443.78 crore to supply and construct 16,025 off-grid DC solar photovoltaic water pumping systems throughout the state. The pumps, which have 3 HP, 5 HP, and 7.5 HP capacities, will be used under the Magel Tyala Saur Krushi Pump…

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More liquidity measures could be announced by the RBI in Q4.

In order to strengthen the banking system, the Reserve Bank of India (RBI) recently announced a number of liquidity initiatives, including bond purchases through open market operations (OMO) and foreign exchange swaps. According to market players, the central bank frontloaded the measures in December, probably taking into account significant withdrawals throughout the month. The majority…

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Sharp sell-off in the markets: Nifty closes below 26,000, Sharp falls seen in small and midcaps!

Indian stocks finished Monday’s trading session much lower. The Nifty ended the day at 25,960.55, down 0.86%, while the Sensex closed at 85,102.69, down 0.71%. The Nifty Bank closed at 59,238.55, down 0.90%, indicating that the pressure was equally evident in the banking sector. The BSE SmallCap and midcap indices both saw a 2% decline….

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