Rupee hosts biggest party in two years on dollar decline
The dollar index, which maps the strength of the dollar relative to a basket of currencies, slid to 103.6. It was just shy of the 110 mark as recently as late January, with safe-haven demand roiling equities across the Emerging Markets, and prompting the most protracted slide in India’s benchmark stock gauges in nearly three […]
RBI allows IndusInd CEO one year extension instead of usual three
The Reserve Bank of India has approved a one-year extension for Sumant Kathpalia as CEO of IndusInd Bank, extending his term until March 23, 2026. Kathpalia, who has over 37 years of experience in the banking sector, has overseen significant growth despite challenges in the microfinance portfolio.
Edelweiss AMC to merge two Bharat Bond ETFs
Investors who wish to remain invested will need to submit their consent with the AMC by April 8. Money will be returned to investors who do not give consent.
Sebi chief bats for full disclosure by its board members
Buch, who led Sebi for three years, came under attack after the now-defunct Hindenburg Research and the Congress party levelled serious allegations against her around conflict of interest. Buch and Sebi issued statements denying these claims.
Sebi proposes lower application size for ZCZP
In its consultation paper, Sebi has proposed that minimum application size for ZCZP issuance should be reduced to Rs 5,000 or to a much smaller amount of Rs 1,000 so as to enable more retail participation in ZCZP issuances by NPO on SSE.
Finally, a week of relief: D-Street takes biggest leap of the year
The NSE Nifty ended 0.03% or 7.8 points higher to close at 22,552.50. The BSE Sensex declined 0.01% or 7.51 points to close at 74,332.58. Both indices rose 1.9% this week, the first advance after three weeks.