BusinessLine (Kolkata)
Chasing global AI stocks getting riskier by the day
The RBI Bulletin released last week revealed an interesting factoid — that outward remittances by resident individuals for overseas investments reached $457 million in June — the highest ever. Given the scale and the lure of AI trade in overseas...
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Jio Platforms gets SEBI nod for a record ₹37,700-crore IPO
Reliance Industries’ digital arm Jio Platforms on Friday received SEBI’s nod to float India’s largest-ever initial public oer of about ₹37,700 crore. The company received the observation letter on the Draft Red Herring Prospectus filed for its...
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BRICS Summit may push for cross-border payment systems
The BRICS Summit in New Delhi next month is likely to push for mechanisms to facilitate cross-border payments between members, including links between digital payment systems and central bank digital currencies (CBDCs). India has projected this as a...
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FM pitches for Canadian investment in new sectors
The government has stepped up its outreach to global investors with Finance Minister Nirmala Sitharaman beginning her nine-day tour of Canada and the US by strongly pitching India as the fastest-growing major economy oering a combination of scale,...
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Persisting retail F&O losses spur call for tighter eligibility filters
Nearly two years after the Securities and Exchange Board of India (SEBI) launched a series of measures to curb excessive retail speculation in the derivatives market, industry participants are increasingly backing tighter eligibility and suitability...
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CEO exits rise at India Inc, stocks feel investor heat
India Inc is seeing a rise in CEOs exiting before completing their terms, with some departures causing investor unease, as reflected in stock price movements. The number of Nifty500 company chiefs who exited rose sharply in FY26, with nearly 42 per...
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SBI targets ₹200 lakh crore business in four years
The State Bank of India, the country’s largest lender, has set its sights on its next big landmark — building a ₹200 lakh crore business franchise. Having already crossed ₹100 lakh crore in combined deposits and advances in the second quarter of FY26...
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US bond turmoil signals rising global macro pressures
James Carville, lead strategist for former US President Bill Clinton, famously remarked that if reincarnation exists, he would want to come back as the bond market because it can intimidate everybody. History provides ample evidence of this power. Past...
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Centre notifies ₹62,500 crore mobile phone making scheme
The Centre on Friday notified the ₹62,500 crore Mobile Phone Manufacturing Scheme (MPMS) to provide production-linked incentives (PLI) for making in India and to support Indian brands. The scheme aims to increase India’s global competitiveness by...
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SEBI curbs cool F&O market, still traders lost ₹91,685 crore
The Securities and Exchange Board of India’s measures to curb excessive speculation in equity derivatives coincided with a sharp cooling in retail participation, with the number of active individual traders falling for the first time since...
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Copthall, Mansi Share barred for Sensex CAS manipulation
SEBI has cracked down on two entities after finding prima facie evidence of manipulation in last week’s Sensex expiry close during the newly-introduced Closing Auction Session (CAS) by placing aggressive buy and sell orders. The markets regulator...
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Tata Sons’ AGM adjourned first time ever over quorum
Tata Sons 108th Annual General Meeting was adjourned for the first time in the company’s history due to a lack of quorum resulting from a regulatory restriction on one of its two key shareholders. The quorum issue stems from regulatory restrictions on...
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El Nino seen deepening India’s rainfall deficit through Sept
India appears to be facing a widening rainfall deficit, with the current regional wet spell likely to fade by end-August as the influence of drought-inducing El Nino strengthens, according to the European Centre for Medium-Range Weather Forecasts...
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Amid US sanctions, India works out Chabahar handover to Iran
India is finalising the modalities for handing over operations at Chabahar Port’s Shahid Beheshti Terminal to the Iranian government after a US sanctions waiver for the project expired in April. At the same time, India is seeking safeguards to regain...
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US names India as a hub routing Chinese goods to evade tariffs
India is among the over 40 countries named by Washington of helping China circumvent higher US tari s by allowing Chinese goods to be illegally re-routed through their territories to the American market. Responding to allegations made against India in...
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SEBI mulls SME IPO route for firms valued up to ₹5,000 crore
The Securities and Exchange Board of India (SEBI) is considering raising the maximum post-issue paid-up capital for companies listing on the SME platform to ₹100 crore from the current ₹25 crore, a move that could allow companies with market valuations...
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Chandra not to seek third term as Tata Sons Chairman
N Chandrasekaran, popularly known as Chandra, on Wednesday announced that he will not seek a third term as Tata Sons Chairman starting February 2027 after failing to secure the backing of Tata Trusts Chairman Noel Tata for the top post. Chandra’s...
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After 30 months, large-cap MFs see net outflow in July
Large-cap mutual funds recorded their first monthly net outflow in more than two-and-a-half years in July as investors booked profits after a sharp rebound in frontline stocks, according to Association of Mutual Funds in India (AMFI) data. The...
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No bar on airport operators owning airlines, clarifies govt
The government on Monday clarified in Parliament that there is no policy restricting operators of major airports from holding substantial equity in or operating scheduled airlines, but acknowledged that contractual restrictions in some public-private...
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India unlikely to curb Russian oil purchase despite US threat
India is unlikely to rein in crude oil purchases from Russia, its largest oil supplier, despite mounting pressure from Washington, with the US Senate overwhelmingly passing a sanctions Bill empowering President Donald Trump to impose taris of up to 100...
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Retail participation in IPOs turns lacklustre as investors eye quality over listing gains
Notwithstanding the early signs of a revival in the primary market, retail participation in initial public offerings (IPOs) has remained lacklustre as investors have focussed on the quality of issuances over the lure of listing day gains. Of the 12...
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CBI chargesheet exposes NEET paper leak network
The CBI chargesheet in the NEET-UG 2026 examination paper leak scandal shows that questions were allegedly passed from NTA-appointed subject experts to middlemen and finally to candidates, both physically and through social media platforms including...
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Tata Sons listing hinges on RBI’s de-registration call
The RBI’s latest list of nonbanking financial companies (NBFCs) in the upper layer for 2026-27 has once again put the spotlight on Tata Sons and revived a key question: Will the holding company eventually have to list, or could it get regulatory...
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MPC holds repo rate at 5.25% amid uncertainties
The Reserve Bank of India’s Monetary Policy Committee (MPC) unanimously voted to keep the policy repo rate unchanged at 5.25 per cent and retained its “neutral” monetary policy stance, citing uncertainties around the South-West monsoon, El Nino...
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Closing auction: Nifty swings on Day 2 raise eyebrows
The sharp swings in the Nifty 50’s o cial closing value for a second straight session on Tuesday have intensified the debate around SEBI’s newly introduced Closing Auction Session (CAS), with settlement prices for weekly derivatives expiry getting...
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Closing price discovery catches traders off-guard as CAS lifts Nifty 200 points
The Nifty 50’s o cial closing value surged nearly 200 points after continuous trading ended on Monday, surprising market participants on Day 1 of the Closing Auction Session (CAS) for futures and options (F&O) stocks. The Nifty 50 ended at 24,774.30,...
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RBI funding restrictions hit derivatives trading volumes
The RBI’s tighter funding norms for capital market intermediaries have started reflecting in derivatives trading volumes, with turnover in NSE’s index futures and options segment declining sharply in July. Market participants, however, believe the...
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India’s active MFs lag benchmarks, yet beat global peers
Indian actively-managed equity funds continue to struggle to consistently outperform their benchmarks , particularly in large- and midcap categories. Yet, compared with active funds in most major markets, their record remains relatively favourable. A...
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As deficit narrows, uneven spread of monsoon a worry
Uneven spread of the SouthWest monsoon is causing concern in India despite one per cent above-normal rainfall in July making up, to some extent, for the 35 per cent deficient rain in June. The situation looks a little worrisome with the India...
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Windfall dividends, divestment receipts give govt fiscal cushion
Higher-than-expected dividend and surplus payouts by the Reserve Bank of India and state-run financial institutions have provided the Centre much-needed fiscal elbow room. Total collections under this head have already outpaced the fullyear Budget...
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AERA moots big overhaul of airport tariff structure
The Airports Economic Regulatory Authority (AERA) has suggested increasing the use of non-aeronautical revenue (NAR) to o set airport charges in a move that could substantially reduce user development fee (UDF) and other aeronautical levies paid by...
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In FCNR (B) race, small banks raise deposit rates to woo NRIs
Small and mid-size banks, not wanting to be left behind in the race to mobilise fresh foreign currency non-resident (bank), or FCNR (B), deposits, are playing the “interest rate” gambit. These banks are overcoming the inability to oer leverage to...
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MSRDC case: HDFC Bank board warns CEO, CFO, staff
The board of HDFC Bank has decided to issue warning letters and impose a monetary penalty of ₹1 lakh each on Managing Director and CEO Sashidhar Jagdishan, the Chief Financial O cer, and the Group Head of Retail Assets in connection with the...
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Inflation remains RBI’s foremost priority: Governor
Mumbai Reserve Bank of India Governor Sanjay Malhotra has said that inflation control remains the RBI’s foremost priority even as it remains mindful of growth risks. He said the Monetary Policy Committee (MPC) would continue to adopt a data-dependent...
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IT’s a chasm between management and investors
As another lacklustre earnings season from IT services companies concludes, the contradictions between managements and investors have already been starker. From global industry leader Accenture, which reported results last month, to Infosys, which...
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US levies lower 10% tariff on India; trade concerns remain
India has secured a lower 10 per cent US tari under Washington’s new Section 301 forced-labour regime, placing it on par with Bangladesh, Sri Lanka, Indonesia, Malaysia and Pakistan after New Delhi tightened its import rules to prohibit goods made with...
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Infosys Q1 net slips 8.6% q-o-q, trims FY27 revenue guidance
Infosys entered FY27 on a cautious note, moderating its constant currency revenue growth guidance to 1.5-3 per cent and lowering the upper end of its earlier forecast. In the June, or the first quarter of FY27, revenue climbed 3.9 per cent...
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Government plans aviation reforms to spur new airlines
Against the backdrop of an increasingly concentrated domestic aviation market, the Centre is preparing a comprehensive package of structural reforms aimed at lowering barriers to setting up new airlines, intensifying competition and attracting fresh...
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To support rupee, NPS may be opened to NRI, OCI dollars
To bolster the recent government and RBI measures to attract foreign capital, plans are under consideration to allow non-resident Indians (NRIs) and overseas citizens of India (OCIs) to subscribe to the National Pension System (NPS). This proposal...
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NEET leak: Lakhs march to Parliament, seek Pradhan’s exit
The removal of activist Sonam Wangchuk from his over-20-day fast at Jantar Mantar, followed by a call for a march to Parliament on the opening day of the Monsoon Session, elicited a massive response in the national capital on Monday. Lakhs of...
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FCNR(B) mobilisation slow; banks upbeat on Sept targets
The initial excitement around the FCNR (B) deposit scheme appears to be moderating, with inflows likely to remain well below the $50-70 billion market estimates that surfaced after the scheme’s launch. Nearly six weeks into the programme, banks have...
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The valuation U-turn bank investors missed
India, as the fastest growing major economy, has had the weakest performing large private banks. Large private lenders — HDFC Bank, Kotak Mahindra Bank and Axis Bank — have not only lost the race to PSU peers in terms of shareholder returns, but also...
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Reliance Ind revenue jumps 25% in Q1 led by O2C and Jio
Reliance Industries reported a robust set of Q1 FY27 earnings, with strong performances from its oil-to-chemicals (O2C) and telecom businesses helping it surpass street expectations. While reported profit declined due to a high base from a onetime gain...
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Govt floats CAFE-III with super credits, carbon trading
A day after issuing draft amendments to the existing CAFE-II regulations, the Ministry of Power (MoP) on Thursday released the draft Corporate Average Fuel Economy (CAFE-III) norms for 2027 and invited comments from stakeholders. The new norms, which...
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₹1.9-lakh-cr boost for phone manufacturing, chipmaking
The Union Cabinet on Wednesday approved a new ₹62,500 crore Mobile Phone Manufacturing Scheme aimed at driving deeper localisation and domestic design in India’s high-tech manufacturing sector over the next five years. Slated to run from financial...
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New Services Index out; 14 sub-sectors grow strongly
The government on Tuesday unveiled the trial Index of Services Production (ISP), a new high-frequency indicator that showed formal services activity remained resilient in April despite the West Asia conflict, with 14 of the 19 sub-sectors tracked...
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FM asks banks to step up NRI outreach to boost forex inflows
Finance Minister Nirmala Sitharaman on Monday urged public sector banks (PSBs) to step up their outreach to Non-Resident Indians (NRIs) to sustain the momentum in foreign currency inflows, even as lenders said fundraising through external commercial...
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TCS backs sovereign AI, in talks with Indian developers
Amid growing concerns over AI sovereignty and access to frontier models, TCS has begun discussions with Indian AI model developers, and said the country will need sovereign AI capabilities for sensitive workloads. “India will need a sovereign model...
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SME IPO mirage: Debut dazzle, long-term damage
India’s SME IPO market, with far lighter listing requirements than the mainboard, has rarely lacked takers. How else can one explain frenzied bidding for a two-showroom motorcycle dealer, a regional chakki atta maker or a farming business deriving most...
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Ethanol blending to shield users from oil shocks: Govt
The Centre on Friday argued that the ethanol blending programme is to shield consumers from global crude oil price shocks rather than reducing petrol prices at the pump, even as it acknowledged that E20 petrol is costlier to produce than conventional...
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TCS holds steady as net profit rises 4.7% in Q1
The net profit of Tata Consultancy Services (TCS) grew 4.7 per cent to ₹13,420 crore for the first quarter of FY27, led by positive annual growth across most verticals and AI transformation-focused deals. Net profit declined 2.6 per cent on a...
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Sensex tanks over 2% as crude rises on West Asia war fears
Indian equities witnessed their sharpest single-day decline in four months on Wednesday after a sharp deterioration in global risk sentiment triggered by US President Donald Trump’s remarks suggesting the ceasefire with Iran had effectively collapsed,...
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RBI lending restrictions dent proprietary derivatives trading
The RBI’s move to tighten bank lending for proprietary trading in the equity derivatives market from July has become evident in the sharp decline in trading turnover over the last four trading sessions. The average daily turnover (ADT) in the...
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AAI builds new runway into pilot training business
The Airports Authority of India (AAI) is preparing to enter the country’s pilot training ecosystem by establishing Full Flight Simulator (FFS) and Type Rating Training Organisation (TRTO) facilities across its airport network, marking a strategic...
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India moves to build strategic gas reserves after W. Asia crisis
The recent West Asia conflict has prompted the government to begin work on creating India’s first strategic natural gas storage system, with public sector oil companies evaluating multiple options, including underground salt caverns and above-ground...
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Top IT stocks stare at great valuation reset
Welcome to the new guessing game in town, that is, ‘Are IT stocks cheap?’. The debate has been raging the last six months and each time it appears cheap enough, another blow knocks it lower. A few weeks back it was Accenture’s disappointing outlook...
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The time is now right for a dedicated law on AI: MeitY
After years of a light-touch regulatory approach towards artificial intelligence (AI), making rules when required, the Centre on Friday signalled a shift in India’s AI policy by underlining that the time has come for formulating a dedicated regulatory...
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SC scraps tribunal rulings over fake AI precedents
In a landmark ruling that could shape the use of artificial intelligence in India’s legal system, the Supreme Court on Thursday set aside judgments of the National Company Law Tribunal and the National Company Law Appellate Tribunal after finding that...
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Ahead of Monsoon Session, JPC to take up key Bill that seeks to sack jailed PM, CMs, ministers
The government appears set to move the 130th Constitution Amendment Bill, 2025, in the upcoming Monsoon Session of Parliament, with the Joint Parliamentary Committee (JPC) scheduling a crucial meeting on July 17 to finalise and adopt its draft...
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Govt clears ₹1.25 lakh cr for Semicon Mission 2.0
The Finance Ministry has approved a budget proposal of approximately ₹1.25 lakh crore for the India Semiconductor Mission 2.0 (ISM 2.0). This funding supports the expansion of domestic chip-making facilities and aims to attract global companies,...
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Little political appetite in Delhi to seal US trade pact right now
There is currently little political appetite in India to conclude the proposed bilateral trade agreement (BTA) with the US as any deal that imposes a disproportionate tari -reduction burden on the country, particularly in the politically sensitive...
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India eyes discounted Iranian oil after US waiver
India is keen to take advantage of the 60-day US sanctions waiver on Iranian oil by resuming imports of discounted crude from Tehran, although some refiners may wait to see if there will be more operational guidance from the US Treasury’s Office of...
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Will old adage of ‘dumb money’ return?
For much of market history prior to the Covid crash in March 2020, retail money was often termed ‘dumb money’. But as with everything in markets, nothing lasts forever. Post the crash, retail investors turned the tables and bought aggressively. In...
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SEBI scuttles Reliance Infra bid to settle ₹6,526 crore case
The Securities and Exchange Board of India (SEBI) has rejected the settlement applications filed by Reliance Infrastructure and Anil Ambani in a case relating to the company’s exposure of ₹6,526 crore to engineering contractor CLE Pvt Ltd, according to...
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Amazon raises India investment by $13 billion for AI, cloud infra
Amazon plans to invest another $13 billion in India, raising its total planned investment in the country to $48 billion by 2030, Global CEO Andy Jassy announced on Thursday after meeting with Prime Minister Narendra Modi. This topup comes just six...
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India-US trade talks progress, pact timeline remains elusive
Two days of intense negotiations between US Trade Representative Jamieson Greer and Commerce Minister Piyush Goyal ended on Wednesday without a breakthrough on the proposed interim bilateral trade agreement (BTA). Both sides reported “substantial...
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NSE, SBI Mutual Fund IPOs may yield ₹5,400 cr tax bonanza
The proposed initial public offerings (IPOs) of the National Stock Exchange (NSE) and SBI Mutual Fund are set to deliver a double bonanza — hefty gains for selling shareholders and a sizeable tax windfall for the Centre. Since both the issues are...
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Kunal Shah to lead WhatsApp as Meta pumps $900 m into CRED
Meta is investing $900 million (about ₹8,550 crore) into fintech start-up CRED, valuing the company at $4.5 billion, while founder Kunal Shah will step away from the business to take over as the global head of WhatsApp, marking one of the most...
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Centre plans to set up seven defence manufacturing clusters
For the first time, the Centre is working towards creating clusters of States and Union Territories, each backed by dedicated IITs and other centres of excellence, to build a federal architecture for defence manufacturing aimed at reducing import...
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Domestic flows help cash market defy correction
Indian equities may have fallen sharply in early 2026, but the cash market did not freeze. On the contrary, trading activity increased. The average daily turnover (ADT) in the cash market climbed from ₹1.02lakh crore in December 2025 to ₹1.35lakh...
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Jio files for likely record IPO as focus shifts to monetisation
Jio Platforms, the digital and telecom arm of Reliance Industries, has filed draft papers with the Securities and Exchange Board of India for what could become India’s biggestever initial public offering, as the company pivots from a decadelong...
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Trump’s Iran deal extends ceasefire, opens Hormuz
US President Donald Trump formally agreed to an interim peace deal with Iran, shifting focus to the planned reopening of the Strait of Hormuz and a complex 60day negotiating period over Tehran’s nuclear programme. Trump signed the socalled memorandum...
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Modi, Trump talk trade pact, seamen safety on G7 sidelines
US President Donald Trump said that the IndiaUS trade deal was “very close” to being finalised but maintained that the talks have been at this stage for a while as Prime Minister Narendra Modi is a “very tough negotiator”. “We’ve been there for a...
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Banks dangle mega returns to lure NRIs to FCNR(B) deposits
In a bold push to attract global Indian capital, Indian banks are spotlighting their FCNR(B) deposit scheme with a headlinegrabbing promise: Dollar returns of up to 14 per cent annualised and paired with a leverage facility. Aimed squarely at...
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Markets surge on W. Asia ceasefire hope, oil slide
Markets gained sharply on Monday after early signs of easing geopolitical tensions in West Asia lifted investor sentiment, though analysts cautioned that the upside may remain measured. A preliminary understanding between the US and Iran to reopen the...
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