Category: Business

Business

Chola Investment trashes corporate misgovernance allegations as malicious, baseless

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Chola Investment trashes corporate misgovernance allegations as malicious, baseless

Murugappa Group firm Cholamandalam Investment and Finance Company (CIFCL) on Tuesday (December 23, 2025) dismissed corporate misgovernance allegations as “malicious and baseless”, asserting that they were driven by ulterior motives. Allegations were levelled against some of the companies of the Murugappa Group by the Cobrapost website. It alleged that it has identified transactions aggregating upwards…

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Gold, silver futures hit record highs on rate-cut hopes, tensions

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Gold, silver futures hit record highs on rate-cut hopes, tensions

In 2025, gold has soared by 70%, putting it on course for its strongest annual gain since 1979. File | Photo Credit: Reuters Gold and silver prices dominated their record-breaking run on Tuesday (December 23, 2025) as investors stacked up safe-haven assets amid rising geopolitical tensions and growing anticipation of interest rate cuts next year by…

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Stock markets decline in early trade after two days of rally

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Stock markets decline in early trade after two days of rally

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Equity benchmark indices Sensex and Nifty declined in early trade on Tuesday (December 23, 2025) after two days of sharp rally, dragged by IT stocks. The 30-share BSE Sensex dropped 116.57 points to 85,450.91 in early trade. The 50-share NSE Nifty declined by 27.15…

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Rupee falls 5 paise to 89.73 against U.S. dollar in early trade

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Rupee falls 5 paise to 89.73 against U.S. dollar in early trade

Image used for representation | Photo Credit: Reuters The rupee fell 5 paise to 89.73 against the U.S. dollar in early trade on Tuesday (December 23, 2025) amid FII outflows and a weak opening in the domestic equity markets. However, a weaker greenback and a drop in global crude oil prices prevented sharper losses in…

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Mercedes-Benz agrees to pay $149.6 million to settle multistate emissions allegations

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Mercedes-Benz agrees to pay 9.6 million to settle multistate emissions allegations

Mercedes-Benz. File | Photo Credit: AP Mercedes-Benz USA and parent company Daimler AG have agreed to pay $149.6 million to settle allegations that the automaker secretly installed devices in hundreds of thousands of vehicles to pass emission tests, a coalition of attorneys general announced Monday. According to the coalition, between 2008 and 2016, the German…

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Shriram Finance expects MUFG transaction likely to finalised around March-April

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Shriram Finance expects MUFG transaction likely to finalised around March-April

We would want the MUFG transaction to be finalised by April-March next year, Parag Sharma, managing director and chief executive officer at Shriram Finance told The Hindu in response to a query about the timeline for completion of the transaction. “We would ideally want the transaction to be completed around March-April next year,” he stated,…

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