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MAX Green

Following the announcement of the transaction with MUFG, which will spend ₹39,620 crore to purchase a 20% stake, shares of Shriram Finance Ltd., a non-bank lender and member of the Nifty 50, saw a strong increase.

Oben Electric, an electric motorbike manufacturer based in Bengaluru, has received 85 crore in a pre-Series B investment for its next stage of expansion.

Several Indian American Family Offices, including Raj K Soin, Musa Dakri, Ramesh Bhutada, and other current investors, participated in the round.

The Nifty 50 index has maintained a good lead and is now trading close to 25,950.

The Nifty IT index is under pressure, as it has given up gains racked up earlier in the day.

Rajeshwar Rao, Frmr DG, RBI

Dinesh Khara, Frmr SBI Chairman

N Jayakumar

Trades a three-times book, and including this ₹39,000 crores, their net worth will move up to close to ₹90-92,000 crores, which makes it more capitalised than several banks. In fact, even the large private sector banks aren’t capitalised to this extent, other than maybe the top four.

Gurmeet Chadha, Complete Circle

Abizer Diwanji, NeoStrat Advisors LLP

The shares of Shriram Finance jumped over 4% from the lows after MUFG said it will take up a stake in the company.

On Thursday, December 18, Aarti Industries Ltd. said that it has strengthened feedstock security for its speciality chemicals business by signing several long-term supply contracts for essential raw materials like toluene and methanol.

Cipla–Pfizer strategic deal: Cipla secures exclusive rights to market, distribute & sell Corex, Dolonex, Neksium & Dalacin C across

CNBC-TV18 newsbreak confirmed, Shriram Fin-MUFG deal announced, Japan MUFG to acquire 20% stake in Shriram Fin

Pradeep Kumar Kheruka, Executive Chairman, Borosil Renewables On CNBC-TV18

HCC JV wins ₹901 Crore Railways contract

Alert: The project has been awarded to the HCC-VCCL Joint Venture (HCC-VCCL JV), in which HCC holds a 65% stake.

The shares of Groww surged by over 11% after Jefferies initiated coverage for the company.

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Jefferies on Groww

Initiate Buy, TP Rs 180

Groww is the largest broker in India w.r.t. active clients, despite starting the business in FY21

Think Groww has several levers to drive 35% EPS CAGR over FY26-28e, a function of:

(i) 19% growth in broking business led by client vintage & mkt share gains,

(ii) 5x growth in new initiatives like margin trading facility & wealth mgmt

(iii) 700 bps margin expansion

NBCC bags order worth ₹179 cr from IIM, Sambalpur

Somil Mehta, Head of Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan

USL sees a sharp fall, nearly 1% off its highs

Delhi HC seeks customs dept response to IndiGo plea over ₹900 cr refunds

The Nifty Oil & Gas index rose, evolving to be one of the best-performing sectors, as the price of crude oil slipped again.

The government is likely to sell its stake in 3 PSU Banks soon via OFS to meet the public float norm.

Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India

After making gains earlier in the week, many AMC stocks, including Aditya Birla AMC declined on Friday.

In its most recent note dated Friday, December 19, broking company Phillip Capital began covering Indian shipbuilders Mazagon Dock Shipbuilders Ltd., Cochin Shipyard Ltd., and Garden Reach Shipbuilders Ltd.

Sonal Varma, Nomura Financial Advisory & Securities (India) Private Limited

Siddharth Rai Mangala of Stockbox Technologies

Sudeep Shah, Head of Technical and Derivative Research, SBI Securities

Fitch Revises Vedanta Resources Outlook To ‘Positive’, Affirms IDR At ‘B+’

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