Sat, Nov 30, 2024 4:26 PM
Mithun Sacheti buys 1.75% stake in Arihant Foundations and Housing
A Flip by Shubhangi Gupta
The U.S. dollar edged higher on Thursday on expectations the currency would be boosted next year by policies by the incoming Donald Trump administration that are expected to boost growth and lift inflation. Trading volumes were light on Thursday with many traders on holiday after Wednesday’s Christmas holiday and before next week’s New Year holiday.
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Wall Street's main indexes opened lower on Thursday in light trading volumes after the Christmas holiday, as investors took stock of their portfolios and looked for a year-end boost from the so-called Santa Claus rally. DJIA fell 95.2 points, or 0.22% to 43201.85. S&P 500 fell 15.1 points, or 0.25% to 6024.97, while Nasdaq Composite dropped 51.9 points, or 0.26%, to 19979.251 at the opening bell.
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Sumitomo Mitsui Financial Group (SMFG) of Japan on Thursday said it has made a capital infusion of ₹3,000 crore in SMFG India Credit Co Ltd (SMICC) through a rights issue to expand business. This investment also includes ₹300 crore directed towards its wholly-owned subsidiary, SMFG India Home Finance Co. Ltd (SMFG Grihashakti).
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