MUMBAI: Home Credit India Finance, a subsidiary of TVS Holdings, signed a share purchase agreement on Wednesday, to acquire Varthana Finance which specialises in lending for education, in an all-cash deal valued at Rs 967 crore.The transaction will result in Varthana becoming a wholly owned subsidiary of Home Credit India, and a step-down wholly owned…
Stock market today: Nifty seen opening steady as Fed rate-cut hopes, DII buying support sentiment Indian equity markets are expected to open on a steady note on Wednesday, with Gift Nifty trading around 24,085, up 43 points, indicating a mildly positive start for benchmark indices. While global market cues remain mixed, investors will continue to…
Former Reserve Bank of India (RBI) governor Raghuram Rajan is set to play a role in shaping the future of US monetary policymaking after being appointed by the Federal Reserve to a high-level task force reviewing its policy framework. The appointment is part of five expert panels unveiled by newly appointed Federal reserve chairman Kevin…
July brings a series of bank holidays across India, with closure dates varying by state depending on regional festivals and other occasions. If you are planning to visit a bank branch on Thursday, July 16, it is worth checking the bank holiday calendar first. Banks will remain closed in several parts of the country to…
Crude oil prices continued to inch higher for the fourth day straight, staying beyond the $85 per barrel mark, on Thursday. The hike comes as investors react to a fresh escalation in the conflict between the United States and Iran, with concerns mounting over the security of major global energy shipping routes.Around 7 am IST,…
Top stocks to buy today (AI image) Top stock market recommendations: Anant Raj, Sobha Ltd, and PNB Housing Finance have been identified as the top stocks to buy by Aakash K Hindocha, Vice President – Research, Nuvama Professional Clients Group/Nuvama Wealth Management for July 16, 2026. Views on Nifty and Bank Nifty have also been…
Heads or tails? In both cases, it’s Donald Trump. After triggering controversy and legal debate, the US President is finally set to appear on a commemorative $1 coin—making him the first living president to feature on US currency. The US mint has begun producing the new commemorative coin featuring Trump as part of celebrations marking…
NEW DELHI: The Union cabinet on Wednesday approved two schemes, with govt support of Rs 1.9 lakh crore, aimed at taking India’s electronics manufacturing ambitions beyond assembly lines into semiconductor fabrication, advanced packaging, materials and homegrown mobile phone brands.The Cabinet cleared Semicon 2.0 with an outlay of Rs 1,27,500 crore and the Mobile Phone Manufacturing…
File photo: Workers wait for customers at a souvenir store as foreign tourists walk by Wangfujing shopping street in Beijing China’s economy slowed more than expected last quarter to the weakest in more than three years, raising pressure on policymakers to speed up public spending to ensure their annual growth goal is met.Gross domestic product…
File photo: Ficci president Anant Goenka Ficci president Anant Goenka, who is the vice-chairman of the RPG Group, believes that the economic momentum is sustaining, especially after oil prices moderated. He tells TOI that the trade deals are positive and it is now for industry to take advantage of it. Excerpts:What is your assessment of…
