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Nifty's Midcap 150 index fell 1.7% on Friday, the Smallcap 250 index dropped 2.15% and the Nifty 50 fell 0.5% at close. The declines took the total losses in both midcap and smallcap indices so far in 2025 to 6.8% and 9.9%, respectively. The Nifty 50 is down 2.3% in the period.
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News and Media
Major paint companies like Pidilite, JSW Paints, Berger, and Indigo Paints have submitted bids for acquiring Akzo Nobel India. The acquisition is valued at approximately 13,107 crore, following Akzo Nobel NV's strategic decision to sell its Indian operations. This move comes amid growing consolidation in the Indian paints industry.
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News and Media
Lenders issued around 820,000 new credit cards in December, the highest in four months, driven by increased spending during the wedding season. HDFC Bank and SBI Cards led with significant contributions. Despite stress in unsecured segments, credit card spending surged by nearly 11%, reaching 1.9 lakh crore.
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News and Media
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