UTI Mutual Fund has made a significant investment in MCX, purchasing nearly 15 lakh shares for ₹425 crore. This strategic move expands the fund’s footprint in the commodity derivatives market, highlighting the growing importance of this sector in India’s economy.
The Uttar Pradesh police’s questioning of Champat Rai has sparked a controversy over the alleged embezzlement and theft of Ram temple donations. The Faizabad Bar Association has announced a boycott of the accused and sought a CBI investigation into the case.
India’s biggest share sales, including Jio Platforms and NSE, are set to reveal the story of a country glued to its phones, with investors watching for signs of a changing economy. The simultaneous offerings could help draw global capital and shape the country’s growth story.
The global market is witnessing a shift in sentiment, with investors eyeing potential U.S.-Iran talks in Doha amid weekend missile fire from both sides. Crude oil prices dropped on Tuesday, leading to a 1.03% decline in Brent August crude futures.
Tata Motors Ltd is on track to complete its proposed acquisition of Iveco Group by the second quarter of FY27, subject to regulatory approvals. The combined revenues of Tata Motors and Iveco Group are expected to grow to $35-40 billion over the next five years.
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The Indian government’s efforts to boost dollar inflows have led to a surge in foreign lending, with the India Infrastructure Finance Company (IIFCL) planning to borrow $1 billion from overseas investors. The company is also exploring a separate $400 million funding from the Asian Development Bank (ADB) for a 20-year loan.
Renowned entrepreneur Kiran Mazumdar-Shaw envisions a greener Bengaluru with improved infrastructure and urban planning. Can the city transform from a ‘garbage city’ to a ‘garden city’ with lush greenery and a cleaner environment?
Embassy Developments is investing Rs 1,500 cr in a massive 3 million sq ft office space project in Bengaluru, driving growth in the Indian real estate market. The company will focus on building office assets for rental income while maintaining its residential presence.
The Indian stock market witnessed a modest gain last week, with the BSE Sensex and NSE Nifty climbing 0.38% and 0.17% respectively. The market valuation of six top-10 most valued firms in India saw a significant increase, with a combined gain of Rs 88,678 crore. ICICI Bank was the biggest winner, with a market valuation jump of Rs 29,588.75 crore.
