Japan’s MUFG Bank is investing Rs 39,620 crore in Shriram Finance. This significant foreign direct investment will give MUFG a 20% equity stake. The partnership aims to boost Shriram Finance’s growth in India’s MSME and retail markets. MUFG plans to…
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ICICI Prudential Asset Management debuted on the stock market with a 20% gain, opening at Rs 2,606.20 on the BSE and Rs 2,600 on the NSE. The IPO saw strong subscription, particularly from institutional buyers, and the company raised Rs…
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India’s net direct tax collections have surged by 8% to Rs 17.05 lakh crore year-to-date, driven by robust corporate tax growth and reduced refunds. This performance, up to December 17, 2025, reflects steady economic activity and the impact of recent…
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IndiGo’s parent company, InterGlobe Aviation Ltd, has approached the Delhi High Court seeking a refund of Rs 900 crore in customs duty. The duty was paid on aircraft engines and parts re-imported after undergoing repair or service abroad. The court…
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The Bank of England has cut its key interest rate by 25 basis points to 3.75%, citing faster-than-expected inflation decline and ongoing economic weakness. This move, supported by a 5-4 vote, aims to stimulate growth by lowering borrowing costs. The…
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This follows a DRT order releasing funds from attached shares, previously restituted to SBI by the ED. The investigation revealed loan diversion by Kingfisher Airlines, leading to attachments and prosecution complaints against its promoter Vijay Mallya.
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