News Overview

Bain Capital, a leading global private multi-asset alternative investment firm today announced that it has agreed to acquire 24.98% equity stake in IIFL Wealth Management from General Atlantic Singapore Fund and FIH Mauritius Investments, a wholly owned subsidiary of Fairfax India Holdings Corporation. Powered by Capital Market – Live News

The Indian rupee is likely to see some recovery against the dollar in opening trades on Thursday, 31 March 2022 as the greenback lingers at its lowest level in nearly a month. Besides, sharp decline in crude oil prices after a surge in the previous session could lend some support to the domestic unit. However, crude oil prices still stay at elevated levels fanning fears […]

COMEX Copper futures hit near a one week high above $4.82 per pound but failed to sustain as US equities slipped. A report released by the Commerce Department on Wednesday showed the US economy grew by slightly less than previously estimated in the fourth quarter of 2021. The Commerce Department said real gross domestic product increased by 6.9% in the fourth quarter, reflecting a modest […]

The board has approved the scheme of amalgamation of wholly-owned subsidiary Chloride Power Systems and Solutions with the parent company.

COMEX Gold futures are down in Asia after witnessing good surge in last session as market continues to track the Ukraine situation. The US dollar index is quoting under 98 mark and Gold appears to be consolidating in a tight range after testing a one month low on Tuesday. Russias promise to scale down military operations around Kyiv and northern Ukraine does not represent a […]

The US crude-oil inventories dropped as refineries increased activity significantly, according to data released Wednesday by the Energy Information Administration. The US crude-oil stockpiles fell by 3.4 million barrels to 410 million barrels, and are now about 14% below the five-year average, the EIA said. Inventories are near three and half year low. Crude oil stored at Cushing, Okla., the delivery point for US stocks, […]

Axis Bank: The board of directors of Axis Bank have approved the purchase of the Citibanks India Consumer Business from Citibank N.A. (acting through its branch in India) (CBNA) and the NBFC Consumer Business from Citicorp Finance (India) (CFIL), as going concerns, without values being assigned to individual assets and liabilities to either business. Hero MotoCorp: Hero MotoCorp announced the sixth edition of Hero CoLabs, […]

The real estate developer has acquired a 9 acres land parcel in the residential micro-market of Pimpri-Chinchwad in Pune.

US private sector employment increased by slightly more than expected in the month of March, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment jumped by 455,000 jobs in March after surging by an upwardly revised 486,000 jobs in February. The report showed employment in the service-providing sector spiked by 377,000 jobs, led by a 161,000 jump in […]

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 35 points at the opening bell. Global markets: Overseas, Asian stocks are trading mixed on Thursday as oil prices fell sharply. Chinas factory activity likely shrank in March, as the country imposed more mass testing and activity controls amid its worst resurgence of COVID-19 cases since […]