RBI brings home 64 tonnes of gold between March 2025 and Sept 2025
India’s central bank has brought home 274 tonnes of gold since March 2023. The move to accelerated repatriation of gold started post the Russia- Ukraine war and the Taliban’s takeover of Afghanistan.
Asian stocks open higher as AI, Fed lift sentiment
Asian markets opened higher today. Investors are optimistic about artificial intelligence driving profits for tech giants. Bets on a Federal Reserve interest rate cut are also boosting sentiment. Major tech companies are set to report earnings, with investors watching for continued investment in computing infrastructure. The yen gained as US Treasury Secretary commented on Bank […]
Can Orkla India’s IPO deliver long-term gains for investors?
Orkla India is set to launch its IPO, aiming to raise ₹1,668 crore by offering shares. The company, known for brands like MTR and Eastern, has seen revenue and profitability growth over the past three years. With a strong base in South India and significant export presence, investors with a high risk appetite may find […]
Government may pare LIC stake by year-end to boost public float
The Indian government is planning to sell a stake worth $1-1.5 billion in Life Insurance Corp (LIC) by year-end to increase its public float to 10%. Roadshows are expected soon to gauge investor demand for the sale, which will be conducted in multiple tranches to avoid impacting the stock price.
Double delight for credit card biz; Spends, fresh issues hit a record
September saw record spending on credit cards and a surge in new card additions. Festivals and tax cuts fueled domestic consumption. Total monthly card spends exceeded ₹2.16 lakh crore, a significant year-on-year increase. E-commerce spending was particularly strong. This trend is expected to continue into October with ongoing festive promotions and discounts.
MCX hit by 4-hour technical glitch, Sebi seeks details
Securities and Exchange Board of India has asked Multi Commodity Exchange of India for a detailed report. A technical glitch caused a delay of over four hours in trading on Tuesday. Brokers and traders could not log in or execute trades. MCX shifted operations to a disaster recovery site. Trading resumed later in the afternoon.
RBI returns Jana Small Finance Bank’s universal bank application
Jana Small Finance Bank’s plan to transition into a universal bank has hit a setback after the Reserve Bank of India (RBI) returned its application citing non-fulfilment of eligibility criteria. Managing director Ajay Kanwal said the bank will reapply after addressing the gaps, adding, “We respect RBI’s decision and will work to fulfil the requirements.”
Sebi proposes major changes to mutual fund fee structures for increased transparency and efficiency
India’s capital markets regulator has proposed significant changes to mutual fund fee structures, aiming for greater transparency and cost efficiency for investors. These proposals include reducing expense ratios for equity mutual funds and excluding statutory levies from total expense ratio limits. The move seeks to ensure investors benefit more from the industry’s economies of scale.
Shapoorji Pallonji plans to raise Rs 22,000-cr in early 2026 to retire high-cost debt
Shapoorji Pallonji Group plans to raise $2.5 billion next year to retire high-cost debt. The infrastructure conglomerate is contacting existing investors to gauge their repayment preferences, aiming to refinance $1.7 billion of existing debt. This move is part of a capital restructuring for group entity Goswami Infratech.