A $300 million IPO is planned by Muthoot FinCorp in the face of unstable market conditions.

According to a Bloomberg story citing persons with knowledge of the situation, Muthoot FinCorp, a non-banking financial company focusing on gold loans, is preparing an IPO that may raise to $300 million. Muthoot Fincorp and the listed Muthoot Finance are very different. Despite coming from various branches of the same Muthoot family, they are originally…

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The Nifty closes above 23,400 and the Sensex jumps over 900 points; the main reasons of the big gains

On March 16, value purchasing surfaced from lower levels and markets reversed three-day losses, resulting in benchmark indices Sensex and Nifty closing in deep green. The Nifty ended at 23,408.80, up 257.70 points, while the Sensex closed at 75,502.85, up 938.93 points or 1.26%. 2,772 shares fell, 1,410 shares increased, and 157 shares remained constant….

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Under the new CPI series, February inflation rises to 3.21%, while food inflation reaches 3.47%.

The CPI inflation rate in February was 3.21%, up from 2.75% in January. The headline retail inflation increased by 47 basis points year over year (YoY). With the base year changed from 2012 to 2024, the government’s new CPI series includes the February retail inflation data as its second reading. The Ministry of Statistics and…

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Exports from all industries could suffer: Report

According to a Crisil Ratings assessment, several Indian economic sectors, including basmati rice, fertilizers, airlines, and energy-related industries, could be affected by rising geopolitical uncertainty in the Middle East and disruptions to maritime traffic through the Strait of Hormuz. Given their direct exposure to the region, industries such as basmati rice, fertilizers, diamond polishing, travel…

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After three days, bulls strike: the Nifty closes above 24,750, the Sensex closes 900 points higher

Following news that Tehran is prepared to give up its nuclear program, the major stock indices Sensex and Nifty recovered on Thursday, ending a three-session losing skid. Over the preceding three sessions, both indices had declined by almost 4%. At 80,092.06, the Sensex increased 975.88 points, or 1.23 percent. The whole Nifty increased 323.65 points,…

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