Cyril Amarchand Mangaldas advised Fusion Finance on its ₹8,000 million rights issue of partly paid-up equity shares, which was oversubscribed 1.5 times. IIFL Capital Services acted as the lead manager for the deal. The firm also advised Fusion Finance’s promoters,…
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The Centre’s production linked incentive (PLI) scheme for the food processing sector has succeeded in attracting investments to the tune of Rs 7,000 crore and creating over 2.5 lakh jobs so far, according to a senior official of the Union…
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Gold are prices likely to rise back again, helped by the plethora of factors defying softening safe-haven assets demand and expectations of fewer rate cuts this year by the US federal reserve bank, reported by Gulf news on Wednesday.
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The Nifty Bank opened at 55,060, up by 182.85 points, or 0.33 per cent. The Nifty Midcap 100 also opened in green at 56,249.60, up 66.90 points or 0.33 per cent.
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Despite weathering effects precipitated by global upheavals, Indian economy stays largely resilient and is projected to clock a GDP growth around 6.4-6.5 per cent in Q4 FY25, an SBI report said on Wednesday.
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Moody’s Ratings indicates India’s strong domestic growth and low export dependence buffer it against US tariffs and global trade disruptions. Government initiatives boosting consumption, manufacturing, and infrastructure, alongside easing inflation, support economic resilience. While Pakistan-India tensions pose minimal economic disruption…
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