India’s forex reserves surge $44.9 billion to record $785.7 billion, fourth largest globally
India’s foreign-exchange reserves surged to a record $785.706 billion. This surge was driven by a dedicated dollar-mobilisation programme and strong inflows. Foreign currency assets increased significantly, while gold reserves saw a contraction. The central bank’s intervention supported the local currency and curbed volatility. These substantial inflows have stabilized the foreign exchange market and improved sentiment.
Sitharaman calls AI a ‘double-edged sword’, urges soft-touch regulation and faster digital rupee push
Finance Minister Nirmala Sitharaman highlighted artificial intelligence as a double-edged sword for financial systems. She advocated for a soft-touch regulatory framework for emerging technologies and innovation. The minister urged the Reserve Bank of India to accelerate its digital rupee pilots and capabilities. Sitharaman also dismissed pessimism regarding India’s demographic dividend, emphasizing youth-led growth.
NSE IPO set to open for public on September 17; price band at 1,700-1,785
The National Stock Exchange of India’s IPO opens September 17, closing September 21. Its price band is set between ₹1,700 and ₹1,785 per share. This offer for sale will raise ₹22,561.5 crore from existing shareholders. The issue size was reduced by fifteen percent from earlier proposals. Share allotment is expected September 22, with listing on […]
GFF 2026: Digital finance has scaled, now trust and resilience must catch up, says RBI’s Deputy Governor Murmu
India’s digital finance sector now prioritizes trust and resilience over access. Technology transforms finance, but trust remains the essential bedrock. Operational and cyber resilience are key priorities for the nation’s financial infrastructure. Inclusion must extend beyond smartphones to reach all citizens. Technology distributes services, but responsibility always remains with regulated institutions.
Jefferies cuts KEI Industries target price by 11%. Will UltraTech’s entry put the company at risk?
Jefferies has cut its target price for KEI Industries by 11% to Rs 6,150, citing concerns over UltraTech Cement’s entry into wires and cables. The brokerage expects some retail market-share pressure but believes KEI can offset the impact through power transmission cables and exports, retaining its Buy rating on the stock.
Bernstein names Paytm stock as its top pick, lists 3 strong growth drivers for fintech giant
Bernstein has named Paytm its top pick, citing strong merchant lending growth, operating leverage and potential UPI MDR as key earnings drivers. The brokerage has set a Rs 2,200 target, implying further upside, while flagging key downside risks.
BSE shares fall 3% as rival NSE gets closer to mega IPO. More pain ahead?
BSE shares fell on Friday after rival NSE announced its Rs 22,662-crore IPO, with the issue set to open on September 17. Bernstein has an ‘Underperform’ rating on BSE, citing moderating retail participation and potential peaking of market share gains in FY27. The stock remains sharply higher over longer periods.
HDFC Bank shares fall 2% to fresh 52-week low despite victory in Credit Suisse AT1 bonds cases in Bahrain
HDFC Bank shares fell despite the rejection of all seven Bahrain cases linked to Credit Suisse AT1 bonds. The stock remains under pressure amid governance concerns, recent losses and investor focus on earnings, while brokerages maintain positive views.
10 smallcap stocks zoom up to 235% in 1 year; 8 turn multibaggers! Own any?
The stock market’s strongest performers can often reveal where investor interest and momentum have been concentrated.
FII darling turns into exit trade: Is HDFC Bank’s 10% foreign holding drop a worrying sign?
HDFC Bank has seen a sharp decline in foreign investor ownership since its merger with HDFC, reflecting concerns over slower growth, funding pressures, margins and leadership changes. FII holding has fallen from 52.13% in September 2023 to 41.82% in June 2026. While valuations have become more attractive, investors await clearer signs of improving growth, profitability […]