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Baba Ramdev's Patanjali Ayurved, along with Dharampal Satyapal Group, has acquired a majority stake in Magma General Insurance from Sanoti Properties, valuing the insurer at 4,500 crore. This deal signifies Patanjali's expansion into the general insurance market and broader financial services sector.
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India's rupee strengthened by 20 paise against the US dollar, closing at 87.01 following positive retail inflation data. February's CPI reduced to 3.61% from January's 4.26%, prompting market speculations of potential rate cuts. The rupee's gains were trimmed late in the day due to dollar buying, with weak market flows ahead of the Holi holiday.
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News and Media
Car sharing has not taken off, but will electric cars boost its appeal?
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News and Media
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