Financial news
Headlines curated from India's leading financial publications. Every story links to its original source.
MintOn September 28, the Indian stock market faced significant selling pressure, with indices dropping due to rising crude oil prices and global monetary tightening fears. The Nifty 50 fell 1.54%, closing below 23,000 for the first time since April, as multiple sectors showed losses.
MintKalpataru Projects International share price rose 2.5% on September 28 after the listing of its subsidiary, Linjemontage i Grastorp AB, on Nasdaq Stockholm. KPIL remains a majority stakeholder, holding approximately 65.9% in LMG, which successfully completed its IPO at SEK 46 per share.
MintPrathamesh Kadival, Research Analyst at Bonanza, believes that India's insurance sector is entering an important phase as IRDAI pushes for lower costs, greater transparency and better value for policyholders
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