Q4 results today: HCL Tech, Waaree Energies among 16 companies to announce earnings on Tuesday
The fourth quarter earnings season is gaining traction, with key reports expected from Waaree Energies, Tata Communications, and HCL Tech. HCL Technologies anticipates a sequential revenue drop due to seasonal factors, with projected YoY revenue growth around 5% and net profit growth at 8%. Investors will closely monitor the impact of macro conditions and deal […]
Dollar wallows near 3-year low as Trump’s attacks on Fed chief unnerve traders
The dollar weakened near a three-year low as President Trump’s criticism of Fed Chair Powell undermined investor confidence. Concerns arose about potential actions to replace Powell, triggering fears of a dollar panic. Escalating trade tensions with China further fueled economic anxiety, contributing to the dollar’s decline against major currencies like the euro and Swiss franc.
Wall Street ends sharply lower following Trump’s anti-Powell tirade
All three major indexes tumbled more than 2%, with big losses in the “Magnificent Seven” group of megacap growth stocks weighing heaviest on the tech-laden Nasdaq.
Asian stocks drop after US selloff, dollar steady
An index of Asian shares retreated while equity futures for US stocks rose slightly, indicating shares may bounce back after the S&P 500 fell more than 2% Monday. A gauge of the greenback steadied in early trading, after weakening to a 15-month low. Gold jumped to another record on haven demand.
Nifty Bank soars to new high on strong Q4 scores
The NSE’s Nifty Bank index surged 1.9% on Monday, boosting the gauge to record highs, scaling the highs last made on September 26. The broader NSE Nifty surged 1.15% to 24,125.55 points while the BSE Sensex was up 1.09% to 79,408.50 points.
IndusInd ropes in EY to conduct another audit, to probe Rs 600cr discrepancy in microfinance portfolio
IndusInd Bank has appointed EY to conduct a forensic audit into a ₹600 crore discrepancy related to interest income in its microfinance portfolio, flagged during the statutory audit. This investigation aims to identify any lapses and determine accountability. It is separate from the ongoing Grant Thornton Bharat probe into forex derivatives portfolio irregularities.
RBI eases final liquidity coverage ratio norms, offers relief to banks
The Reserve Bank of India has eased liquidity coverage ratio (LCR) norms for banks, giving them more flexibility in managing funds. The final rules, effective April 2026, reduce the run-off factor for retail deposits accessed via internet and mobile banking.
India cautious on direct play for foreign retail investors
SEBI is contemplating allowing foreign individuals to directly invest in Indian stocks, currently accessible via the FPI route. This proposal, still under consideration, aims to broaden the ownership base but faces hurdles like KYC compliance and money laundering risks. While most major markets permit direct foreign retail investment, Indian authorities are proceeding cautiously.
Nifty roars past 24,000 for first time since January
The NSE Nifty gained 1.2%, or 273.90 points, to finish at 24,125.55. The BSE Sensex moved 1.1%, or 855.30 points, higher at 79,408.50. Both indices have surged up to 6% each in the past five trading sessions.
Second among equals? Yes, say CCOs. Not by paycheck, counter cos
A recent Sebi circular mandating a higher reporting structure for company secretaries and chief compliance officers (CCOs) has sparked debate. While compliance heads welcome the move, listed companies fear potential disruptions to internal hierarchies and pay scales. Some CCOs are seeking parity with CFOs, prompting calls for clarification from the market regulator regarding the circular’s […]