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Borrowing costs had been widely expected to be left unchanged with inflation, predicted to go up in the coming months.
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Infosys and Wipro ADRs fell after Accenture raised the lower end of its annual revenue forecast, reflecting strong demand for AI and cloud migration services. Accentures results indicate broader IT sector trends ahead of Indias earnings season in April.
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Bain Capital has agreed to acquire joint control in Manappuram Finance by investing Rs 4,385 crore for an 18% stake. The transaction will trigger an open offer for an additional 26% stake. Existing promoters will maintain a 28.9% stake. Manappuram Finance aims to fuel growth and expand with Bain Capital's support.
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News and Media
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