Trump’s new tariff threats show trade uncertainty here to stay
Hopes for easing trade tensions under Donald Trump were dashed as he threatened new tariffs on the EU and smartphones, causing market instability. Despite some progress with the UK and potential deals with India, Trump asserted his aggressive trade strategy, leaving business leaders wary of ongoing uncertainty.
Markets poised for stability as earnings downgrades ease: Dikshit Mittal
LIC Mutual Fund’s Dikshit Mittal suggests focusing on companies catering to the upper-middle class and affluent Indian consumers, along with selective domestic pharma. He is bullish on industrials and capital goods, particularly those in power generation and import replacement.
Oil climbs after Trump extends EU trade talks deadline to July
Oil prices saw a rise in early Asian trade. This happened after US President Donald Trump extended the trade talk deadline with the European Union. Concerns about US tariffs on the EU have eased. Limited progress in US-Iran nuclear talks also helped. US firms cut operating oil rigs due to lower prices. OPEC+ may increase […]
Can NSE Clearing achieve financial independence before the NSE IPO?
NSE’s listing plans hinge on resolving the financial relationship between the exchange and its clearing arm, NSE Clearing. SEBI has suggested NSE Clearing should become financially independent, potentially by directly collecting fees from brokers. This move aims to strengthen NSE Clearing’s balance sheet and ensure its stability post-IPO, addressing concerns about its reliance on the […]
Bank of India allocates Rs 2000 crore for IT upgrades
Bank of India allocates ₹2,000 crore for IT in FY26. The investment aims to upgrade tech and boost cybersecurity. Digital initiatives will improve products and operations. MD Rajneesh Karnatak emphasizes transforming the bank into a tech-driven entity. Automation efforts saved 12,000 manhours. The bank added 5.2 million mobile banking customers, reaching a total of 9 […]
Titan set to add Rs 2,500 crore Damas facet to portfolio
Titan Co is in advanced discussions to acquire a 72% stake in Damas International, a prominent Gulf jewellery retailer, for approximately Rs 2,500 crore. The Tata group company has commenced due diligence, with the remaining stake held by Mannai Corp. The deal, expected to be finalized in the second quarter of FY26, aims to replicate […]
Four major IPOs to hit the market this week to garner Rs 6,600 crore
The IPO market is set to revive. Next week, Schloss Bangalore and Aegis Vopak Terminals, along with Prostar Info Systems and Scoda Tubes, will launch their IPOs. These companies plan to raise over Rs 6,600 crore. This follows a slowdown in IPOs this year, after a strong performance in 2024. Many companies are awaiting regulatory […]
Vigil over unsecured loans may weigh on credit growth: Binod Kumar, MD, Indian Bank
The Indian retail credit industry remains far from saturation due to several factors. The country continues to add many working-age citizens, particularly millennials and Gen Z, who have better incomes and changing spending habits. Increased global integration and upward social mobility have significantly influenced consumer behaviour, creating new demand for credit, says Indian Bank managing […]
ARCs seek bigger role in RBI’s new securitisation framework
The RBI’s draft allows pooling and securitising stressed retail and corporate loans, barring categories like farm loans, education loans, fraud, and wilful defaults. Investors must not be related to borrowers or disqualified under IBC norms.
What does Nifty’s surge above 200-DMA mean for investors?
The Nifty’s recent surge above its 200-Day Moving Average signals a bullish trend among blue-chip stocks, though optimism isn’t universal. Axis Securities reports 226 of the top 500 stocks are trading above this key indicator, up from 95 in March.