Oil stabilises after Ukraine peace talks push prices to one-month lows
Oil prices saw a slight rebound after a dip, as Ukraine signaled progress towards a peace deal with Russia. This potential agreement could lead to the lifting of sanctions on Russian oil, a development that market analysts suggest might drive prices lower. Meanwhile, expectations of a U.S. Federal Reserve interest rate cut are offering some […]
Excelsoft Technologies shares to list today. Check GMP ahead of debut
Excelsoft Technologies is set for its stock market debut on Wednesday. Early signs suggest a modest listing premium. The education-technology firm’s Rs 500 crore IPO saw strong investor interest. The company offers AI-powered learning and assessment products globally. Financials show significant revenue and profit growth. The IPO valuation is considered high compared to peers. Proceeds […]
Alphabet on pace to hit $4 trillion market value as AI gains momentum
Alphabet was poised to reach a historic $4 trillion market valuation on Tuesday, driven by a strong year-long surge in its stock. This rally is attributed to the Google parent’s intensified focus on artificial intelligence tools, positioning it among Big Tech leaders in the AI race.
Dollar slips as investors bet on US rate cuts; kiwi jumps after RBNZ decision
The dollar weakened as U.S. economic data suggested a December rate cut, with a potential dovish Fed chair nominee further pressuring the currency. The New Zealand dollar surged on a hawkish outlook, while the Australian dollar saw a brief boost from inflation figures. Sterling remained steady ahead of a significant budget announcement.
Will Blackstone’s Rs 6,196-crore infusion plan propel Federal Bank’s next phase of growth?
Federal Bank’s shares surged 27% in three months, driven by Blackstone’s ₹6,000 crore investment and management’s guidance of net interest margin expansion. The capital infusion will fuel growth and potential inorganic opportunities. The bank anticipates NIM improvement due to repricing term deposits and strong CASA momentum.
Asian stocks extend gains on Fed rate-cut bets
Asian markets are rising for a third day, following Wall Street’s lead. Weak US consumer data has boosted expectations for a Federal Reserve interest rate cut next month. Investors are closely watching Chinese equities. US Treasury yields have eased, and the dollar has weakened.
Sebi panel mulls overhaul of promoter definition for IPO-bound companies
Sebi’s primary market reforms panel is reviewing how company promoters are defined for IPOs. The committee proposes companies must justify their promoter identification in offer documents. This aims to prevent misleading investors by clarifying who truly controls a company. The panel suggests focusing on actual control rather than just shareholding. Upcoming discussions will shape new […]
Sebi to simplify process for issue of duplicate share docs
The Securities and Exchange Board of India (Sebi) is proposing to simplify the process for investors to obtain duplicate share certificates. The regulator suggested increasing the simplified documentation limit for duplicate securities to ₹10 lakh from ₹5 lakh, acknowledging the growth in market capitalization and investor portfolios. This move aims to reduce procedural burdens and […]
Commercial credit surges 24% YTD as loans, bonds fuel revival
India’s commercial sector credit surged 24% year-to-date, reaching ₹20 lakh crore by October 31, FY26. This revival, driven by lower lending rates and tax relief, saw significant contributions from non-banking sources like bonds and ECBs, indicating renewed business and investment activity.
ASK Auto promoter sells Rs 373-crore stake in a bulk deal
Mumbai promoter Kuldip Singh Rathee divested shares of ASK Automotive valued at ₹373 crore in a significant bulk deal on NSE. He sold 78.85 lakh shares, representing 4% of the company’s equity. SBI Mutual Fund was noted as one of the buyers in the transaction.