Leading non-banking financial company (NBFC) Shriram Finance on Friday said Japan-based MUFG Bank would invest Rs 39,618 crore, or $4.4 billion, to acquire a 20 per cent stake on a fully diluted basis through a preferential issue of equity shares.
Shriram Mhasane leads the All India Chess Masters FIDE Classical tournament after the seventh round, held in Mumbai. Mhasane secured a victory against Arjun Singh, giving him a clear lead as the tournament progresses.
Palaash Mapara's impressive winning streak has propelled him to the top of the leaderboard at the All India Chess Masters tournament in Mumbai.
Shreyansh Somaiya defeated Palaash Mapara in the sixth round of the All India Chess Masters, ending Mapara's reign as the sole leader. Somaiya now shares the lead with Shriram Mhasane and AGM Rajveer Nahar.
A special task force (STF) personnel and two gangsters were killed in a gunfight in Bihar's East Champaran district on Tuesday, officials said.
A special task force (STF) personnel and two gangsters were killed in a gunfight in Bihar's East Champaran district. In a separate incident, police arrested five criminals after an exchange of fire in Patna.
The son of a jailed kingpin has been arrested in connection with a large-scale codeine-based cough syrup trafficking network. The investigation has uncovered a multi-state racket involving shell companies and fake billing, with transactions worth crores of rupees.
A man in Faridabad, Haryana, has been sentenced to life imprisonment for the murder of his wife, whom he strangled after she refused to make him tea.
A man and a teenager died in Maharashtra's Beed district after a power transmission tower collapsed during an attempt to steal high-voltage cables. Police are investigating the incident and have made several arrests.
A leopard entered a residential area in Sikar, Rajasthan, attacking and injuring a 65-year-old woman before being tranquillised by forest officials.
Ola Electric Mobility Ltd is redirecting 575 crore from its initial public offering (IPO) proceeds, originally earmarked for research and product development, towards debt repayment and organic growth initiatives, signalling mounting pressure on the electric-vehicle maker.
A court in Beed district, Maharashtra, has granted temporary release to Jairam Chate, an accused in the Santosh Deshmukh murder case, to attend his brother's post-death rituals under police protection. The decision has sparked controversy and objections from the victim's family.
Investors with a 6 to 12 month horizon may consider them. They should align their holding period with the fund's maturity profile and prefer schemes with a lower expense ratio.
The easing of external commercial borrowing (ECB) norms by the Reserve Bank of India (RBI) is expected to significantly boost overseas fundraising by Indian companies, market participants said.
The market capitalisation of BSE-listed companies eroded by Rs 9,40,581.75 crore to Rs 4,50,61,658.60 crore (USD 4.90 trillion) in a single day.
Global risks include a potential delay in the US-India trade agreement, the possibility of a sharp correction in US equity markets, and renewed geopolitical tensions.
Less than 12 per cent of the exits were from companies with Rs 10,000 crore in market capitalisation or above.
Cleaner balance sheets, regulatory support and strong growth prospects helped Indian private banks attract over $6 billion in foreign capital, with more deals expected in 2026.
Leasing of retail space in shopping malls and high streets across India's top eight cities is estimated to rise 15 per cent to nearly 9 million sq ft this year on increased supply amid high demand from retailers, according to Cushman & Wakefield. The leasing of retail spaces stood at 7.8 million sq ft in 2024.
Shriram Finance's (SHFL's) profit after tax (PAT) rose 10 per cent year-on-year (Y-o-Y) to Rs 2,140 crore in the fourth quarter of the financial year 2024-25 (Q4FY25).
Non-banking financial companies (NBFCs) such as Bajaj Finance, Shriram Finance, Muthoot Finance, and IIFL Finance have regained their growth momentum after losing market share to banks in the post-Covid period. The growth surge is being led by diversified lenders and gold-loan companies while development-finance institutions such as Power Finance Corporation (PFC), REC, and Housing & Urban Development Corporation (Hudco) continue to grow at a slower pace.
The Reserve Bank of India (RBI) on Friday allowed multiple entities in a bank group to undertake the same business as long as they cater to different client segments, while mandating board approval to ensure that any overlap in business has proper rationale and justification.
Make sure the rider adds value rather than just adding to cost.
'It will support our growth aspirations. It's very positive as it helps expand the market in a segment that really needs it.'
Recent years have been turbulent for the insurance industry due to direct and indirect tax reforms, regulatory overhaul and other external pressures. The events cumulatively slowed growth rate to single digits from the high teens seen earlier.
Banks and NBFCs are launching festival offers, including lower loan rates, cashback, EMI schemes and GST-linked benefits to tap rising demand ahead of Diwali
New investors should avoid short-term, tactical entries and instead go for staggered buying via ETFs to manage volatility.
'This marks a turning point for Paytm, with the regulatory environment looking much clearer than it has been in the last two years.'
Karnataka Chief Minister Siddaramaiah condemned the alleged poisoning of drinking water at a government school in Belagavi district, reportedly to force the transfer of a Muslim headmaster. He termed it a 'heinous act' driven by religious hatred and fundamentalism.
Some of the key names include: Maruti, M&M, Ashok Leyland, Britannia, Ultratech, JK Cement, Havells, Voltas, Amber, Metro, Trent, LemonTree, Indian Hotels, Niva Bupa, HDFC Life, IGL, Acme Solar, Suzlon, Swiggy, Delhivery, ICICI Bank, HDFC Bank, Bajaj Finance, Shriram Finance," according to a report by Motilal Oswal Financial Services.
Truck rentals saw a positive momentum across most key trunk routes due to an increased pre-kharif agricultural activity and a resilient manufacturing sector. The Kolkata-Guwahati-Kolkata corridor witnessed a month-on-month (M-o-M) rise of 2.4 per cent, while the Mumbai-Chennai-Mumbai route grew by 1.9 per cent and the Delhi-Hyderabad-Delhi route saw a 1.6 per cent increase in truck rentals, said June edition of the Shriram Mobility Bulletin.
The factor fund launch spree by mutual funds (MFs) is moving from the passive to the active space. Two new fund offerings (NFOs) - ICICI Pru Active Momentum Fund and Bandhan Multi-Factor Fund - are currently open for subscription. Sundaram MF's multi-factor fund NFO closed this Wednesday.
Understand policy inclusions and exclusions to avoid surprises during claims.
Mutual funds (MFs) have significantly increased their ownership across market segments, but the midcap space stands out with comparatively higher growth. Data reveals that the number of midcap companies with over a fifth of MF ownership has doubled from nine in March 2022 to 18 by March 2025. In contrast, largecap stocks saw only a marginal rise, from three to four such companies during the same period.
With the interest rate cut cycle nearing its end, several debt fund managers are shifting their focus towards interest income rather than betting on duration in anticipation of capital gains.
'I believe that the overall demand for commercial vehicles will improve, even though there is a slowdown in the GDP.'
There have been multiple instances of the same entity appearing as both a public shareholder as well as under the promoter classification in some listed companies. And this dual-classification happened in the same quarter, according to data compiled by primedatabase.com.
Even if you have a comprehensive motor insurance policy, it may not provide sufficient protection against monsoon-related risks.
DCM Shriram Consolidated Ltd said Shriram Bioseed Genetics India Ltd became its subsidiary as the company increased holding in Shriram Bioseed to 51 per cent from 49 per cent.
The government is considering initiating a probe by the Serious Fraud Investigation Office (SFIO) against Gensol Engineering and its promoters, according to sources familiar with the matter. "It is under consideration at this stage. A final decision will be taken soon," a government official said.
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