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Aditya Birla Capital is planning a big move, using Rs 3,500 crore to boost its business! They said, "we will utilise Rs 3,500 crore" from a recent fundraise. Another Rs 500 crore is for general company needs. This money comes from group companies and IFC, with Grasim Industries putting in the most.
Aditya Birla Capital is planning a big move, saying they'll use ₹3,500 crore to grow their business! They also plan to use another ₹500 crore for general company needs. This comes after they announced raising ₹4,000 crore from group companies and IFC. Shareholders will vote on this fundraise on June 12, 2026.
Gold jewellery sales volume is expected to drop 13-15% this fiscal, after falling last year. This is because gold prices are high and import duty was recently increased. Despite this, sales revenue should grow 20-25% due to higher prices. Crisil Ratings said, "The central government's decision to more".
Applying for too many credit cards at once can really hurt your credit score, especially before you need a big loan. Lenders see many applications as a sign of needing money fast. Financial experts say, "apply selectively," because too many checks can lower your score and make future loan approvals harder.
Border fencing has finally started in Bengal's Phansidewa area after the state gave 27 km of land to the BSF. This long-awaited work aims to boost security along the India-Bangladesh border. Residents are relieved, with one saying, "Before, we couldn't even raise cows here." This move strengthens surveillance in a sensitive region.
Many retirees in India are now using credit cards for convenience and emergencies, with transaction values rising sharply. Experts say, "credit cards also help provide retirees with lucrative rewards." Using them wisely for planned expenses and paying bills on time can be a helpful financial tool, but careful consideration of pros and cons is advised.
If the Strait of Hormuz stays shut, oil prices could jump to $200 a barrel, a report warned. This chokepoint is "the most critical chokepoint in global energy markets." A long closure would hurt economies, with over 11 million barrels of oil supply already affected.
Allcargo Terminals made a profit of ₹9 crore in March, a big change from last year's loss! Cargo volumes and earnings before interest, taxes, depreciation, and amortization (EBITDA) also went up. The company said, "we enhanced capacity at one of our two JNPT facilities." This growth is thanks to more cargo and expanding their facilities.
Nifty 50 started higher today, May 22, 2026, and is now up 0.5 per cent. Many stocks like Asian Paints and Axis Bank are doing well. While Nifty futures are near a resistance level, analysts believe "it can extend the rally to 24,100" if it breaks through 23,800.
LTM is buying Randstad's tech and consulting business in Europe and Australia for $186 million. This deal is expected to add over $500 million in yearly revenue for LTM. The companies said the deal is part of a "360-degree collaboration," which includes a five-year IT services partnership.
Prestige Estates saw its profit jump a huge 10 times to ₹250 crore in the last quarter! This amazing growth happened because their income more than doubled. The company said, "we are eyeing growth," and it looks like they're definitely on track for more success.
If the Strait of Hormuz stays shut, oil prices might jump to $200 a barrel, a report warned. This could even cause a global recession. The Strait is super important for energy, and closing it affects lots of oil and gas. As one expert said, "The Strait of Hormuz is the most critical chokepoint."