Firm Tuesday: Nifty closes above 22,800 for the first time in 16 sessions, Sensex joins the party
The domestic key equity indices rallied on Tuesday on the back of overall positive sentiments. The NSE Nifty 50 rose 325 points or 1.45% to settle at 22,834, while the BSE Sensex jumped 1,131 points or 1.53% to finish at 75,301.
‘Lower inflation opens up room for additional easing by RBI’ – Morgan Stanley pencils 75bps cumulative cut
India’s lower trailing inflation driven by decelerating food prices has opened up room for additional easing by the Reserve Bank of India (RBI’s) Monetary Policy Committee (MPC), stated a report by Morgan Stanley while penciling in a cumulative rate easing of 75bps. “We update our monetary policy outlook to add one more 25bps rate cut by the RBI, in light of lower than anticipated headline inflation prints for two consecutive months (i.e., January and February). We expect CPI to average 4 per cent in FY26 vs our prior estimate of 4.3 per cent. Thus, we pencil in a cumulative rate easing of 75bps, from our prior view of 50bps,” said Upasana Chachra, Chief India Economist, Morgan Stanley.?
Bajaj Finserv buys out Allianz from life, general insurance JVs
Bajaj Finserv has signed share purchase agreements (SPAs) with Allianz SE to acquire the German insurer’s 26% stake in their two joint ventures — Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC) — for a total consideration of Rs 24,180 crore.
Loan Against Mutual Funds: How it works & what you should know
Investing in mutual funds can significantly contribute to wealth accumulation over time. Interestingly, these investments can also serve as collateral for securing a loan. Lenders may consider your mutual fund holdings as a guarantee, allowing you to obtain loans at competitive interest rates. Prior to approving the loan, lenders will evaluate the value of your investments.
Paytm Money receives SEBI nod to offer research services, shares surge
Shares of One 97 Communications Ltd, the parent company of Paytm, surged up to 7.54 per cent at 11:30 am on Tuesday to a trading price of Rs 740.75 after its subsidiary Paytm Money received green light from the Securities and Exchange Board of India (Sebi) to offer services as a research analyst. With this registration, Paytm Money will offer SEBI-compliant research services, including investment insights, research reports, and data-driven analysis.
Cipla signs multi-regional licensing deal with Formosa for eye disorder
Cipla Limited on Tuesday announced an exclusive licensing agreement with Taiwan-based Formosa Pharmaceuticals for the commercialization of clobetasol propionate ophthalmic suspension, 0.05% (APP13007).
Sunita Williams Return Live Updates: PM Modi pens heartfelt letter to ‘daughter of India’ Sunita Williams; here is a timeline of their novel journey
Sunita Williams Return Live Updates: Nasa astronauts Sunita Williams and Butch Wilmore have successfully undocked from the International Space Station, and have begun their journey home. NASA astronauts, who have been stuck at the ISS for more than nine months, are now prepping up for splashdown off the coast of Florida.
The case of missing Ola e-scooters
Ola Electric may face regulatory scrutiny over a potential mismatch in its reported sales figures and actual registrations with state transport departments. The company has announced that it sold 25,000 electric scooters?in February. However, according to data on the Vahan portal, at the end of February, only 8,651 scooters were registered — a gap of 16,349. As on March 17, the portal shows registrations of 8,230 scooters. This is likely to include some sales of February as well, still leaving a substantial gap, as it is not possible that there have been nil sales so far?this month.?
Nikhil Kamath’s Gruhas, Brigade Group launch Rs 300 crore fund for startups in real estate, sustainability
Real estate company Brigade Group and Gruhas – the investment arm of Nikhil Kamath and Abhijeet Pai – have announced a new fund for startups focusing on real estate technology and sustainability. The new Rs 300 crore Earth Fund including Rs 100 crore in green shoe option is a SEBI-registered Category II Alternative Investment Fund (AIF) that will invest in pre-series A and series A stage startups operating in real estate, construction, and sustainability domains. ?
Jeet Adani returns to Shark Tank India for a special episode, Anupam Mittal says, ‘You will take all the deals’
Shark Tank India is currently in its fourth season, and the show has a special episode lined up for its fans. In a recent promo for its upcoming Divyang Special Episode, it will feature differently-abled entrepreneurs pitching their business ideas to the panel, trying to secure investment. And the special episode features someone special. Actually, not one, but two special guests – Srikanth Bolla, founder and chairman of Bollant Industries, and Jeet Adani, Director of Airports under the Adani Group.
Read more at- FinancialExpress.com