IPO Calendar: Shadowfax among 4 IPOs worth Rs 2,066 crore to hit the market; Bharat Coking Coal to lead 7 listings
India’s primary market gears up for a busy week as four IPOs seek ₹2,066 crore, led by Shadowfax Technologies. Strong subscription buzz around Bharat Coking Coal and multiple listings underscore firm investor appetite entering 2026.
Auto upcycle gains depth; M&M and TVS Motors stand out, Siddhartha Khemka explains
India’s auto sector shows sustained post-festive momentum, with Q3 volumes up 17% year-on-year across segments. Strong demand, lean inventories and easing discounts are lifting revenues, profits and margins, supporting a positive medium-term outlook for automakers and ancillaries.
Budget 2026: Bond market vs equity market expectations
Investors await Union Budget 2026-27 amid global and domestic headwinds, assessing whether fiscal prudence, tax relief and growth measures can align bond and equity interests, revive FPI inflows, support earnings, and sustain India’s macro stability through disciplined deficits and reforms.
US dollar gains as odds drop on Hassett being made Fed chair
The dollar strengthened Friday as President Trump’s comments suggested economic adviser Kevin Hassett is unlikely to chair the Federal Reserve, boosting political credibility. Meanwhile, Japan warned of currency intervention as the yen weakened significantly against the dollar, with some Bank of Japan policymakers considering earlier rate hikes to combat inflation.
Venezuelan banks will get $300 million of oil money to sell on exchange market, sources say
Venezuelan banks will receive 300 million dollars from oil revenues. This money comes from an account in Qatar. The banks will sell these dollars to Venezuelan companies. These companies need foreign currency to import materials. This move aims to ease a dollar shortage. The U.S. had previously seized Venezuelan oil tankers. This action impacted the […]
Oil prices settle up as US begins holiday weekend
Oil prices increased on Friday as traders rushed to close short positions ahead of the extended weekend. Heightened fears about a possible US operation against Iran contributed to the fluctuating prices, pushing both Brent crude and US West Texas Intermediate to gain ground. The recent deployment of a US Navy carrier group to the Persian […]
Gold falls over 1% as profit‑taking, easing geopolitical risks weigh
Gold prices dropped on Friday after reaching record highs. Investors took profits as geopolitical tensions eased, reducing gold’s safe-haven appeal. Despite the dip, gold is set for its second consecutive weekly gain. Silver also saw a decline after hitting an all-time high. Analysts suggest gold could still reach $5,000 this year, with corrections expected.
Bitcoin is a safe asset only until decrypted: Chris Wood
Jefferies’ global equity strategist, Chris Wood, has expressed serious concerns about Bitcoin’s future, citing the potential threat posed by quantum computing. He has shifted his portfolio away from Bitcoin towards gold and gold-mining stocks, fearing that advanced quantum computers could compromise Bitcoin’s security. The digital asset community is actively discussing solutions to safeguard against this […]
RBI bans advance remittances for bullion imports in new forex rules
The Reserve Bank of India has stopped advance payments for gold and silver imports. This move aims to prevent money laundering. Banks will now play a key role in monitoring all import payments. New rules also simplify trade for businesses. These changes take effect from October 1. Stricter rules will apply for future advance payments […]
Rupee posts worst fall in 2 month on US dollar demand
In a dramatic turn, the Indian rupee plunged significantly, marking its steepest decline in over two months. This downturn was fueled by heightened dollar demand tied to off-market trades nearing maturity. The Reserve Bank of India stepped in but chose not to thwart the rupee’s descent. Meanwhile, bond yields surged, reaching heights not seen in […]