KPIT Tech plunges 24% in 3 months as auto demand weakens
KPIT Technologies faces a substantial 24% decline in stock value, predominantly due to obstacles in the automotive sector. The company’s net profit has notably decreased, attributed to project delays and financial cutbacks. Although management forecasts a rebound in the latter half of the year, the September quarter might reflect ongoing weaknesses.
SP Group to raise $125 million via tap issue, Rs 3,250 crore in rupee bonds
In a significant financial move, Shapoorji Pallonji Group plans to generate $125 million through a tap issue of current dollar bonds, targeting an impressive ₹3,250 crore via unrated rupee-denominated bonds for refinancing purposes. This capital-raising endeavor is likely to finalize by Thursday, with payments assigned for October 1. The influx of interest has led to […]
Global Market Today: Asian shares rise as tech stocks lead, bonds in focus
The MSCI Asia Pacific Index climbed 0.6% with stocks in Japan and South Korea gaining. The moves came after gains for a key gauge of US semiconductor shares, while President Donald Trump rejected regulations on artificial intelligence.
Sensex falls over 20% in dollar terms in 2026 as weak sentiment, rupee drag returns
The benchmark Sensex and Nifty have both experienced significant declines in dollar terms this year. Foreign investors have been less interested in Indian equities due to various global factors. The rupee’s depreciation has further amplified losses for overseas investors converting Indian investments. Despite the downturn, strong domestic mutual fund inflows have offset foreign portfolio outflows […]
Bond supply may outweigh demand, push yields higher
Bond yields in India are anticipated to increase in the latter half of this fiscal year. This rise is primarily due to higher government borrowing and ongoing inflationary pressures. Analysts expect demand for government securities to fall significantly short of supply. The trajectory of bond yields will also be heavily influenced by oil prices, particularly […]
Investment banks earn Rs 2,274 crore from 81 mainboard IPOs
During the initial nine months of 2026, investment banks generated fees totaling ₹2,274 crore by managing 81 mainboard IPOs. This figure showcases a notable uptick in both earnings and amounts raised versus last year. The September quarter alone yielded around ₹1,600 crore, highlighting a remarkable rebound in the primary market.
202 BSE 500 stocks trade below five-year average valuations
An analysis indicates that more than 50% of companies within the BSE 500 are trading below their five-year average valuations. Furthermore, close to two-thirds of these organizations have not provided any returns in the past two years. Geopolitical tensions have resulted in marked volatility in energy prices, impacting logistics and commodity costs on a global […]
Panel proposes raising RBI’s ways and means advances corpus by 11.2% to Rs 67,839 crore
The panel has also recommended an annual review of the WMA corpus capping annual upward revision at 4%. The extent of upward revision could be based on the last three years of accounts while there would be no reduction in the existing limit.
Jobs in line as IRDAI commission caps force insurance brokers to rethink models
Facing new commission regulations from the IRDAI, insurance brokers, including Quickinsure, are tweaking their business approaches. This pivot might cause a staggering loss of over 100,000 jobs as the industry reduces reliance on fixed sales teams. Brokers are expected to embrace more flexible cost structures and optimize sales output. Unfortunately, smaller brokers lack the established […]
Rupee breaches 96 per dollar as oil surge stokes pressure; RBI intervention limits fall
The Indian rupee breached the 96-per-dollar mark for the first time since July as surging crude oil prices and a firm dollar weighed on the currency. RBI intervention helped the rupee recover and close at 95.98, but economists expect gradual depreciation over the longer term amid persistent external pressures.