A family-owned, Winnetka-based private equity firm is nearing the final stages of an agreement to purchase the NHL's Pittsburgh Penguins from Fenway Sports Group.
The yen trimmed losses from the previous session as the Bank of Japan starts a two-day meeting that is expected to result in a hike in policy rates to a three-decade high.
Tata Power is set to raise 2,000 crore through a bond sale. This funding will support debt refinancing, renewable energy investments, and general corporate needs. The company will issue two securities, raising 1,000 crore each in three and five-year non-convertible bonds. This move marks Tata Power's return to the bond market after over two years.
Samvardhana Motherson International's shares surged to a 52-week high, driven by anticipated revenue growth and margin expansion. The auto ancillary firm is investing heavily in new facilities and acquisitions, bolstering its order book and positioning for long-term industry consolidation and EV transition benefits.
Investor borrowing via Margin Trading Funding reached a record high in November. However, the growth rate decelerated compared to previous months. This slowdown is linked to the weak performance of mid- and small-cap stocks. The overall equity market turnover on NSE also saw a decline. Analysts suggest this trend may continue until key market indices show sustained upward movement.
The capital market regulator has approved significant changes to mutual fund fee structures, aiming for greater transparency and cost efficiency for investors. These reforms include reducing total expense ratios and brokerage fees, alongside simplifying IPO disclosures and revamping stock broker regulations. The board also deferred a decision on managing internal conflicts of interest.
India's Volatility Index (VIX) hit a fresh lifetime low of 9.84, reflecting expectations of reduced market swings. This decline is attributed to muted trading, a lack of significant market triggers, and reduced derivatives activity, with analysts noting a contraction in realized volatility and lower option premiums.
