India’s forex reserves cross $700-billion mark
India’s foreign exchange reserves have surpassed $700 billion, reaching $702.966 billion after a $4.698 billion increase in the week ending September 12, according to RBI data. These reserves provide import cover for approximately 11.5 months.
India’s regulators push for growth in corporate bond index derivatives trading
Indian financial regulators, including Sebi and RBI, are collaborating on policies to promote corporate bond index derivatives trading, aiming to boost trading volumes. Sebi emphasizes the need to popularize corporate bond trading, which currently lags significantly behind equity market activity. Outstanding corporate bonds have surged from ₹17.5 trillion in FY15 to ₹53.6 trillion in March […]
Sebi verdict in Hindenburg probe lifts Adani stocks
Adani Group shares surged following Sebi’s clearance of the conglomerate and its founder from Hindenburg Research’s accusations of stock manipulation and accounting fraud. The regulator found no evidence of fraudulent transactions, boosting investor confidence and adding ₹66,000 crore to the group’s market capitalization.
Standard treatment workflows to help expand health cover
To standardize healthcare delivery and control rising medical inflation, ICMR, NHA, and WHO have developed 157 Standard Treatment Workflows across 28 specialties. This move aims to bring transparency in hospital billing, prevent overcharging, and ensure consistent, evidence-based treatment for all patients, potentially leading to more affordable health insurance premiums.
After solid start, treasury gains may weaken for banks in Q2
Banks’ treasury gains, boosted by open market operations and softening yields in the first quarter, are expected to decline significantly in the second quarter. Rising yields and the absence of OMOs will negatively impact bond investment earnings. Analysts anticipate muted gains compared to the previous quarter, potentially leading to mark-to-market losses for some institutions.
Markets slip 0.5% as US revokes Chabahar sanctions relief; weekly gains intact
Indian equity indices experienced a decline of nearly 0.5% on Friday, ending a three-day winning streak due to US sanctions relief revocation concerning the Chabahar port. Despite Friday’s dip, the indices concluded the week 0.8% higher, marking the third consecutive week of gains. Investors engaged in profit booking amidst tariff negotiation uncertainties, influencing market caution.