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India is now mildly overweight in Bank of America's Asia Fund Manager Survey, reflecting its appeal as a diversification option. With 10% of fund managers favoring India, it ranks third in Asia, while Japan leads and China sees a decline in investor sentiment. Continue Reading »
Azim Premji's Prazim Trading acquired 5.06 crore units (2.61% stake) in NHIT for ₹754.24 crore at ₹149.06 per unit. Vidyaniti LLP sold the same number of units. NHIT's units rose 0.57% to ₹149 on the NSE. Continue Reading »
Gold rate today: Gold prices surged to record highs on December 22, driven by expectations of US Federal Reserve rate cuts in 2026. MCX gold reached ₹1,36,458 per 10 grams, marking a 77.5% year-to-date gain. Silver also hit a record high of ₹2,14,583 per kilo. Continue Reading »
Gujarat Kidney IPO saw strong demand on its first day, with bids for 2.02 crore shares against an offer of 1.32 crore, achieving 1.53 times subscription. Retail investors showed the most interest at 5.06 times. The IPO is priced between ₹108-114 per share. Continue Reading »
Excel Realty N Infra's board approved increasing authorized share capital from ₹500 crore to ₹750 crore. The company will also change its name to Landsmill Green Limited and raise investment limits for foreign investors, pending consent through a postal ballot. Continue Reading »
Shriram Finance confirmed it will not apply for a banking license after MUFG's $4.4 billion investment for a 20% stake. The company prefers to remain an NBFC, focusing on retail lending opportunities without structural changes in management. Continue Reading »