Dollar soft as traders brace for Trump-Xi, central bank meetings
The dollar weakened as central banks prepare for meetings. Investors watch President Donald Trump’s Asia tour for a trade deal with China. The US Federal Reserve is expected to cut rates. The Bank of Japan and European Central Bank also hold meetings. Markets anticipate progress on trade issues, boosting risk assets.
Strong order booking, project ramp ups to keep Coforge revenue upbeat
Coforge shares rose 4% after strong Q2 results, driven by robust deal wins, margin expansion, and revenue growth ahead of peers. Analysts raised 12-month targets by 5–7%, citing improved visibility and stable attrition.
Asian stocks lose steam at open; gold slips below $4,000
Global stock markets are taking a pause after a record rally. Investors are now watching for big tech company earnings and decisions from major central banks. This week’s focus is on how technology firms perform and what the Federal Reserve will do with interest rates. Trade talks between the US and China are also a […]
Sebi weighs higher threshold for cos with high-value debt
The Securities and Exchange Board of India (Sebi) is proposing to increase the threshold for identifying high value debt listed entities (HVDLEs) from ₹1,000 crore to ₹5,000 crore. This adjustment aims to significantly reduce the compliance burden for companies, as current extensive requirements are proving costly and disproportionate, especially for non-banking finance companies.
White metal may still give up to 50% return in a year
Silver prices have seen an 18% drop in the past two weeks, presenting a buying opportunity for investors. Analysts predict a potential 50% surge by next year, with prices consolidating before moving towards $75 per ounce. Supply constraints and increasing industrial demand are key drivers for this optimistic outlook.
Sebi puts Vedanta Group’s Sterlite Electric IPO on hold
The Securities and Exchange Board of India (Sebi) has put Sterlite Electric’s proposed initial public offer on hold, withholding its observations without providing a specific reason. The specialized capital goods manufacturer, formerly Sterlite Power Transmission, had recently filed its draft papers for the public issue, which is set to include both a fresh issue and […]
Axis Bank puts ₹511-crore Lavasa Corp debt on sale
Reserve price has been set at ₹80 cr. Other lenders are weighing the future as litigations continue to delay bankruptcy resolution.
Can India’s stock indices sustain gains ahead of US Fed’s rate decision?
Indian stock markets rose on Monday. Easing US-China trade tensions boosted investor confidence. Investors now await the US Federal Reserve’s rate decision. The Nifty and Sensex saw gains, nearing record closing levels. Analysts expect the rally to continue. Mid and small-cap stocks also advanced. Foreign investors sold shares, while domestic investors bought.
RBL to seek DPIIT nod to raise its FDI ceiling to 74%
RBL Bank plans to seek government approval to raise its foreign direct investment limit to 74% from 49%. This move is crucial for processing Emirates NBD Bank’s $3 billion acquisition of a 60% stake, marking the largest FDI in Indian banking. Shareholder approval for the deal is expected on November 12.