Lendingkart Finance founder Lunia steps down as MD
Harshvardhan Lunia resigned as Lendingkart Finance MD in June. The company awaits RBI approval for a new MD recommended by Fullerton Financial Holdings. Lendingkart reported a significant loss of ₹288 crore in FY25, a stark contrast to the previous year’s profit. Fullerton holds a 44% stake in Lendingkart Technologies.
Asian shares edge up as Trump open to tariff talks
Asian shares experienced a slight increase following President Trump’s indication of potential further negotiations despite imposing new tariff rates on nations like Japan and South Korea. The MSCI regional stock benchmark saw a modest rise, with Japanese and South Korean shares climbing.
Sebi may allow AMCs to handle family office funds
SEBI has proposed to permit asset management companies (AMCs) to extend their services to pooled non-broad based funds, including family offices. Currently, AMCs are restricted from managing or advising non-broad based funds without a portfolio management services (PMS) license. This new proposal aims to broaden the scope of AMCs’ services beyond broad-based pooled assets.
Sebi plans to heighten surveillance to check manipulation in derivatives market
Securities and Exchange Board of India will upgrade its surveillance to curb derivatives market manipulation. This follows action against Jane Street for alleged illegal index manipulation. Tuhin Kanta Pandey said monitoring will be strengthened at Sebi and stock exchange levels. Sebi had barred Jane Street and seized illegal gains of Rs 4,844 crore.
Nifty 50 companies to see 4.6% net profit growth amid mixed sector performance
Nifty 50 companies are projected to experience a modest 4.6% net profit increase and a 4.5% revenue rise for the June 2025 quarter, marking the first single-digit profit growth in nine quarters. Muted demand persists, impacting revenue growth for the fourth consecutive quarter.
Retail traders’ F&O losses up 41% in FY25
SEBI reports a significant surge in net losses for retail equity derivatives traders, reaching ₹1.05 lakh crore in fiscal 2025, a 41% increase from the previous year. Despite measures to tighten norms and reduce index options turnover, a large majority of retail traders continue to experience losses.
Improved consumption trends bring cheer to FMCG counters
FMCG stocks experienced a surge following positive business updates from Godrej Consumer, Dabur, and Marico, signaling improved demand prospects. Godrej Consumer led the gains, fueled by expectations of double-digit revenue growth. While some analysts caution against generalizing the trend, optimism is driven by a favorable monsoon and anticipated urban demand uptick, potentially favoring stocks with […]