[ad_1] MUMBAI: New York-based alternative asset manager Brookfield is lining up investments worth over $1 billion (around Rs 9,000 crore) to set up a global capability centre (GCC) in Mumbai, raising its bets on India. The GCC, which will be Asia’s largest, is being developed through an agreement between Mumbai Metropolitan Region Development Authority (MMRDA)…
[ad_1] NEW DELHI: Investment management firm Fidelity International has acquired a 6.3% stake in e-commerce firm Meesho, according to regulatory filings. Fidelity’s stake is valued at around Rs 3,155 crore based on the issue price of Rs 111 apiece. Meesho shares listed at over a 53% premium on Wednesday. Agencies [ad_2] Source link
[ad_1] Most US stocks rose on Friday even as artificial-intelligence names came under renewed pressure, keeping Wall Street’s benchmark indices near record highs, AP reported.The S&P 500 dipped 0.1% in early trade, retreating slightly from its all-time high, while the Dow Jones Industrial Average gained 103 points, or 0.2%. The Nasdaq composite fell 0.4% as…
[ad_1] NEW DELHI: Retail inflation inched up marginally in Nov from a record low in Oct, led by an some uptick in prices of vegetables, eggs, meat and fish, spices – prompting experts to say that it is expected to remain benign for now.Data released by the National Statistics Office (NSO) on Friday showed retail…
[ad_1] The Union Cabinet has approved significant reforms for the stock market and insurance sectors. The plan includes allowing 100% foreign investment in insurance, aiming to boost penetration and consumer choice. NEW DELHI: The Cabinet on Thursday cleared rewriting of laws in two critical sectors – stock markets and insurance. The plan is to allow…
[ad_1] Rupee depreciation: Experts are of the view that this weakness may persist in the near term. (AI image) The rupee has been in a downward spiral versus the US dollar – hitting new historical lows and even crossing the 90 mark. The depreciation has been steep, and even more on a real effective basis….
[ad_1] Russia’s diamond miner ALROSA CEO-Chairman Pavel Maryinchev said diamond companies will need time to adjust to the US tariff hike but the long-term impact is unlikely to be severe, adding that India’s cutting and polishing sector should be able to “adapt and minimise the effect”.“According to GJEPC data, the amount of diamonds purchased by…
[ad_1] Leading bourse NSE has published its official trading holiday calendar for 2026, offering traders and investors an early roadmap for days when equity and derivatives markets will remain shut. The circular, as reported ET, issued under exchange bye-laws and F&O regulations, lists 15 full trading holidays—one more than in 2025—and also details festivals falling…
[ad_1] Pakistan on Friday signed a memorandum of understanding (MoU) with global crypto exchange Binance to explore tokenisation of sovereign and real-world assets of up to $2 billion, marking one of the country’s most significant steps toward adopting blockchain-based financial infrastructure, PTI reported.The MoU was signed at the Finance Division by Finance Minister Muhammad Aurangzeb…
[ad_1] The US Transportation Department has warned New York that it could lose $73 million in federal highway funds after an audit found thousands of immigrant commercial driver’s licences (CDLs) were allegedly issued without proper verification, Transportation Secretary Sean Duffy said on Friday, AP report.Duffy said federal investigators reviewed 200 non-domiciled commercial licences and found…