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🇮🇳26d ago
Asian Tech Stocks Decline After Rally; Oil Holds Steady
Asian markets experienced a pullback led by heavyweight chip stocks following recent gains, while US futures remained steady after a volatile Wall Street session that saw significant declines in tech giants like Apple. Investors are monitoring the sustainability of elevated technology valuations amid concerns over artificial intelligence spending and potential Federal Reserve interest rate adjustments.
🇮🇳26d ago
Brokerages Stay Bullish on Laurus Labs as CDMO Momentum Strengthens
Laurus Labs' stock has surged 30% following robust FY26 results, driven by strong contract manufacturing performance and an improved product mix. Analysts have raised earnings forecasts and maintained bullish ratings, citing expected continued growth from the company's expansion into high-value CDMO services.
🇮🇳26d ago
Adani Ports emerges top contender for Karanja Terminal takeover
Adani Ports has emerged as the leading bidder to acquire Karanja Terminal & Logistics, with creditors approving its ₹625-crore recovery plan that includes full repayment of financial creditors' outstanding dues. The acquisition follows Prudent ARC's purchase of nearly all of Karanja's debt, marking a consolidation move in India's port sector.
🇮🇳26d ago
RBI Opens Door to Short Positions in G-Secs to Boost Liquidity
The Reserve Bank of India has released draft rules permitting market participants to take short positions in government securities, alongside a framework for when-issued securities trading, to enhance market liquidity and price discovery. The proposals, which include specific position limits for different participant categories, are open for public consultation until July 17.
🇮🇳26d ago
Vedanta Resources Buyback Garners $943M in Bond Bids
Vedanta Resources received approximately $943 million in bond tenders during an early participation window of its debt buyback program, representing 45% of its $2.1 billion outstanding bonds. The strong uptake indicates investor confidence in the mining company's refinancing capabilities and debt management strategy.
🇮🇳26d ago
JPMorgan Names Two Co-Presidents in Dimon Succession Push
JPMorgan Chase appointed Doug Petno and Troy Rohrbaugh as co-presidents, with Petno leading the commercial and investment bank and Rohrbaugh overseeing consumer and community banking. The moves represent a significant step in the bank's succession planning for CEO Jamie Dimon, narrowing the field of potential candidates for the top role.
🇮🇳26d ago
Tata Chemicals Surges on Tata Sons Listing Speculation
Tata Chemicals shares jumped on Thursday following the Reserve Bank of India's new guidelines for upper-layer NBFCs, with market participants viewing the regulatory change as potentially paving the way for a Tata Sons listing. The development has sparked investor optimism that Tata Chemicals, which holds a stake in the unlisted conglomerate parent, could unlock substantial value if Tata Sons goes public.
🇮🇳26d ago
Cooling crude prices drive Indian equities to third week of gains
Indian stock markets closed slightly higher on Thursday, extending a three-week rally as falling crude oil prices boosted investor sentiment. Analysts expect the oil price decline to support corporate profit margins in the second quarter, potentially attracting dips.
🇮🇳26d ago
FPIs pump record Rs 39,640 crore into Indian G-Secs in June
Foreign Portfolio Investors have channeled a record ₹39,640 crore into Indian government securities during June, propelled by tax exemptions and improved access to sovereign debt instruments. The strong inflows reflect growing confidence in Indian debt markets and fuel speculation about potential inclusion in major global bond indices.
🇮🇳26d ago
US Stocks Fall as Tech Megacap Declines Outweigh Chip Sector Strength
US equities closed mixed on Thursday, with the Nasdaq and S&P 500 declining amid concerns over Big Tech's artificial intelligence spending, while the Dow edged higher. Economic data revealing rising inflation and robust GDP growth, combined with strong chipmaker earnings, created conflicting signals that left investors cautious about the Federal Reserve's future policy moves.
🇮🇳26d ago
India's Active Credit Cards Surge Past 120 Million in May
India's credit card market reached 120 million active cards in May, driven by robust new customer additions that rose 34% year-on-year to 1.02 million cards, according to RBI data. However, spending growth decelerated significantly, increasing only 6.3% to ₹2.02 lakh crore, signaling potential consumer caution amid economic headwinds.
🇮🇳26d ago
PFC, REC merger plan aims to help government retain majority stake
Power Finance Corp and REC are finalizing a merger plan with two options to help the Indian government maintain its majority shareholding cost-effectively. Financial advisors favor issuing preference shares at ₹10 each, requiring approximately ₹800 crore, over subscribing to ₹24,000 crore in non-tradable bonds due to lower long-term costs.
🇮🇳26d ago
RBI Pushes Banks to Offer Better Forex Rates for Retail Customers
India's central bank is encouraging banks to provide improved foreign exchange rates to individuals and small businesses through a new direct trading platform designed to reduce mark-ups and increase transparency. The RBI will monitor bank performance on this initiative on a quarterly basis to ensure retail customers receive competitive rates comparable to larger corporate clients.
🇮🇳26d ago
RBI Opens Term Money Market to Financial Institutions
The Reserve Bank of India has expanded term money market access to All India Financial Institutions and housing finance companies, while raising borrowing limits for primary dealers. The central bank aims to deepen market participation and improve liquidity conditions across the financial system.
🇮🇳26d ago
Binance to suspend crypto services in several EU countries
Binance announced Thursday it will suspend services across multiple European countries starting next week after failing to secure regulatory approval under the EU's MiCA framework. The world's largest crypto exchange by volume withdrew its authorization application in Greece and plans to reapply in another EU member state.
🇮🇳26d ago
RBI Finalizes Credit Derivatives Rules for Indian Markets
The Reserve Bank of India has released final regulations enabling resident non-retail users to freely deploy credit derivatives including credit default swaps and total return swaps, while restricting non-resident access to hedging purposes only. The framework aims to develop India's credit derivatives market while managing systemic risks.
🇮🇳26d ago
US inflation hits 4.1% in May, keeping Fed rate hike possibility alive
US inflation climbed to 4.1% in May, marking the first time in three years that the measure topped the 4% level, driven primarily by rising energy prices and keeping the Federal Reserve's potential September interest rate hike in consideration. The inflation reading emerged amid strong consumer spending fueled by tax refunds and stock market gains, along with a rebound in business investment, particularly in AI-related technology.
🇮🇳26d ago
Pakistan's Gen Z fuels stock market surge with 41% of new accounts
Pakistan's Generation Z investors accounted for 41% of new stock exchange account openings in fiscal year 2025-26, according to stock market managers, signaling a notable shift in retail participation. The surge reflects improved investor confidence driven by strong market returns, IMF support, and increased foreign deposits, though overall investment levels remain modest compared to neighboring countries.
🇮🇳26d ago
HDFC Mutual Fund acquires 10 lakh Global Health shares for Rs 130 crore
HDFC Mutual Fund has purchased an additional 10 lakh shares of Global Health, the operator of Medanta hospitals, from co-founder Sunil Sachdeva for Rs 130 crore, representing a 0.37% stake. The transaction follows a prior acquisition last month and comes as Global Health reported a 39.7% year-on-year increase in fourth-quarter profit after tax to Rs 141.7 crore.
🇮🇳26d ago
Copper Rebounds on Bargain Hunting, Weaker Dollar
Copper prices recovered on Thursday as investors capitalized on lower valuations, supported by a weakening dollar and improved market sentiment driven by strong technology earnings. Other base metals including aluminium, nickel, zinc, lead, and tin also posted gains despite ongoing headwinds from elevated U.S. interest rate expectations.