Brookfield India Real Estate Trust has secured 2,000 crore from its first sustainability-linked bonds. The International Finance Corporation acted as an anchor investor. This marks another significant fundraising effort for the REIT. These funds will support future growth and expansion plans. Indian REITs are increasingly using bonds for financing acquisitions and diversification.
Japan's MUFG Bank will invest 39,620 crore for a 20% stake in Shriram Finance. This is India's biggest foreign investment in financial services. The deal will strengthen Shriram Finance's capital and accelerate its growth. MUFG will appoint two directors to Shriram Finance's board. This partnership aims to leverage global expertise with local strength.
ICICI Securities sees Nifty heading towards 29,500 by 2026 and has named Bank of India, Marico, Ultratech Cement, TCS and Sun Pharma as its top five stock picks with upside potential of up to 26% over the next year.
Ambit Capital has drawn parallels between stock markets and classical physics, outlining five laws that explain price behaviour. From inertia and momentum to mean reversion and valuation resistance, the framework helps investors decode why some stocks outperform while others stagnate, and why rich valuations often cap long-term returns.
The Japanese Yen saw a significant drop against major currencies on Friday. This happened after the Bank of Japan increased interest rates to a three-decade high. However, the central bank did not provide clear guidance on future rate increases. This lack of clarity led traders to sell the Yen.
The uneasy feeling spans political affiliation in the town, which is split between two largely rural and somewhat impoverished counties, although some were more hopeful than others that there are signs of reprieve on the horizon.
Elon Musk, already the worlds richest man, scored another huge windfall Friday when the Delaware Supreme Court reversed a decision that deprived him of a $55 billion pay package that Tesla doled out in 2018.
The Christkindlmarket at Aurora's RiverEdge Park, located at 360 N. Broadway, has been open Thursdays to Sundays since Nov. 21 and is now open every day through Christmas Eve.
Federal labor investigators are looking into the overnight death of an airline maintenance technician killed in a crash between two cherry-picker machines at Denver International Airport, authorities confirmed Friday.
