Startup Funding

India-Oman trade deal: How the CEPA will anchor India’s expanding Gulf strategy; strengthen strategic and investment footprint

India and Oman are set to sign a Comprehensive Economic Partnership Agreement on December 18, aiming to deepen economic ties and expand India's trade and strategic footprint in the Gulf. The pact will cover goods, services, and investment, reducing tariffs and facilitating business, while also carrying significant geopolitical weight.

Startup Funding

UGRO Capital's panel approves ₹500-crore NCD issue via private placement

The Investment and Borrowing Committee cleared the base issue size of up to ₹200 crore, with an option to retain oversubscription of up to ₹300 crore under a green shoe option. Shares of Ugro Capital Ltd ended at ₹171.20, down by ₹0.22, or 0.13%, on the BSE today, December 17.

Industry Trends

Rupee rebounds sharply as RBI intervention snaps five-day losing streak

The rupee snapped a five-day slide to post its strongest one-day gain in two months, rising 65 paise to 90.38 per dollar, amid suspected RBI intervention, heavy dollar selling by public banks, thin trading volumes and reassurance from strong forex reserves