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The Indian rupee posted a modest gain on Friday, capping off a week of notable appreciation. Sustained dollar inflows and strategic repositioning by traders contributed to the domestic currency’s strength, even as regional peers in Asia faced downward pressure. Weekly Performance and Key Drivers At 12:16 p.m. IST, the rupee stood at 86.1475 against the U.S. dollar, reflecting a 0.25% daily gain and pushing its total weekly appreciation to 0.72%. This marks the rupee’s best weekly performance in nearly two years, underscoring growing inves

On Thursday, the Securities and Exchange Board of India (SEBI) announced that, effective immediately, reports concerning certain exemptions in share acquisitions under the 'Takeover Regulations' can now be filed both via email and through its newly launched intermediary portal. This dual submission mechanism will remain in effect until May 14, 2025, after which all such reports must be submitted exclusively through the SEBI Intermediary Portal (SI Portal). The transitional phase is designed to provide reporting entities ample time to adapt t

On March 21, shares of prominent domestic defence manufacturers surged after the Defence Acquisition Council (DAC) sanctioned eight capital procurement projects worth over ₹54,000 crore. This bullish sentiment propelled the Nifty India Defence index upward by over 1%, reaching around 6,245 during early trading hours. This marked the index's seventh consecutive session of gains, underlining the sustained investor interest in India's defence manufacturing space. The approvals come at a time when the government is aggressively pushing for self-

Private sector lender IndusInd Bank has announced that its board has resolved to engage an independent professional firm to thoroughly examine irregularities detected within its derivatives portfolio. In a regulatory filing, the bank stated, “At its meeting today, the Board of Directors decided to appoint an external professional firm to carry out an extensive investigation aimed at identifying the underlying causes of the discrepancies, verifying the accuracy and appropriateness of the accounting practices related to derivative contracts as

Indian benchmark indices, the Sensex and Nifty 50, extended their winning streak for a fifth straight session on Friday, March 21, buoyed by strong gains in financial stocks. The Sensex surged by 600 points (0.80%), while the Nifty 50 also climbed 0.80%, crossing the 23,350 mark during intraday trading. Over the past five sessions, the Sensex has added more than 3,000 points, and the Nifty has gained over 4%, despite lingering global uncertainties. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now

Manappuram Finance witnessed a notable surge in its stock price, climbing nearly 3% on March 21 after disclosing a significant investment deal with Bain Capital. The shares were trading at ₹224.31 apiece during morning hours, reflecting investor confidence and anticipation of future growth. As of 12:30 pm, Manappuram Finance share price were trading at ₹236.03 on the NSE, marking a 8.52% increase. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning { display: flex; flex-wrap: wrap; a

India’s domestic equity markets are poised to attract inflows ranging from $1.4 billion to $1.6 billion following the market close on March 21. This comes as 14 companies are being inducted into the FTSE All-World Index during its latest rebalancing exercise. These changes are set to be implemented after trading concludes today. Key Additions to the FTSE All-World Index Several prominent Indian firms have been added to the global index, including Bajaj Housing Finance, CRISIL, Fortis Healthcare, and BSE. According to IIFL Securities, the

The UTI Income Plus Arbitrage Active Fund of Fund is an open-ended mutual fund scheme that aims to generate long-term capital appreciation by investing in units of debt-oriented and arbitrage mutual fund schemes. The scheme is launched by UTI Mutual Fund and is categorized under Other Scheme - FoF Domestic. The New Fund Offer (NFO) opens on March 21, 2025, and closes on April 3, 2025. The minimum subscription amount is Rs 1,000, with no entry or exit load charges. Please note that there is no assurance that the investment objective will be achi