In a significant investment move, SBI Mutual Fund (MF), ICICI Prudential MF, and Nippon India MF collectively acquired a 4.12% stake in travel distribution firm TBO Tek through open market transactions on Friday. The total purchase was valued at ₹537 crore. Investment Breakdown According to bulk deal data, the three mutual fund houses purchased a…
March 22 (Reuters) – European Union member states are advocating for flexibility in meeting gas storage targets over the next two years, as they seek to mitigate the financial strain caused by soaring market prices. A new provision, drafted by Poland, proposes allowing member states to deviate by up to 5 percentage points from the…
Auto major Samvardhana Motherson has announced a 50% interim dividend for eligible shareholders, putting the stock under the bulls’ radar in the upcoming trading sessions. The company has set March 28, 2025, as the record date for the dividend, meaning investors holding shares on March 27, 2025, will be eligible for a dividend payment of…
Swap markets in Asia are reflecting a moderate improvement in interest-rate cut expectations as the U.S. dollar declines, enabling central banks to turn their attention to stimulating economic growth instead of defending their currencies. Increased Expectations for Policy Easing India, Malaysia, and Thailand swaps are showing increasing expectation of monetary policy relaxation, as the weaker…
The euro strengthened on Friday following news that German political parties had reached a fiscal agreement that could boost defence spending and stimulate economic growth in Europe’s largest economy. Meanwhile, the U.S. dollar weakened against the euro but gained ground against the Swiss franc and Japanese yen, supported by optimism that the U.S. government will…
JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has successfully acquired 100% shares of Virya Infrapower Private Limited. With this acquisition, Virya Infrapower has now become a step-down subsidiary of JSW Energy. About Virya Infrapower Private Limited Virya Infrapower is a renewable energy-focused company in India, established on December 17, 2014….