RBI draft norms aim to speed up cross-border remittances, mandate same-day credit
The Reserve Bank of India has proposed measures to speed up cross-border inward remittances, aiming for same-day credit to beneficiaries’ accounts. Banks will be required to reconcile nostro accounts near real-time and implement straight-through processing for faster settlements, with new guidelines taking effect six months after finalization.
A divided Fed cuts rate by 25 bps, sets end to balance-sheet runoff
The Federal Reserve has again cut interest rates by a quarter percentage point, citing a softening labour market and rising employment risks. Policymakers also announced an end to shrinking their asset portfolio by December 1. While economic growth is described as moderate, inflation remains elevated.
Indices hit 13-month high on hopes of India-US trade deal
Indian stock markets reached 13-month highs on Wednesday, fueled by optimism surrounding a potential US-India trade deal and anticipation of a US Federal Reserve interest rate cut. Both Nifty and Sensex saw significant gains, with analysts predicting further all-time highs driven by strong performance in IT, BFSI, and Oil and Gas sectors.
Sebi’s fee cut proposal sparks selloff in AMCs, brokerage stocks
Mutual fund fees and brokerage caps proposed by the capital markets regulator sent shares of brokerage firms and asset management companies tumbling. Investors fear a significant hit on revenues and profitability, with Jefferies estimating a 30-33% earnings impact on some AMCs. Mutual fund officials anticipate brokerages and distributors will bear the brunt of these changes.
Quess Corp Q2 Results: Revenue up 3%, headcount rises by 21,000
Quess Corp reported a 3% year-on-year revenue increase to ₹3,832 crore in Q2FY26, with EBITDA reaching a record ₹77 crore, up 11%. Growth was primarily driven by the General Staffing segment, which added 21,000 employees, and strong performance in Professional Staffing, particularly in the GCC segment.
Jefferies warns Sebi’s mutual fund fee cuts could shave up to 10% off AMC profits
Jefferies warned that Sebi’s proposed mutual fund fee revamp could trim AMC profits by up to 10% from FY27. The brokerage said cuts to exit load charges, brokerage fees, and total expense ratios may pressure earnings at top players like HDFC AMC and Nippon Life AMC.
Akasa Air will look at IPO in next 2-5 years, says CEO Vinay Dube
Akasa Air will look at an initial public offering in the next two to five years, its Founder and CEO Vinay Dube said on Wednesday and asserted that the airline will not chase “growth for the sake of growth”.
SAIL shares surge 8% to record high ahead of Q2 results. Should you buy, sell or hold?
Shares of SAIL surged 8.2% to a 52-week high of Rs 143.20 ahead of its Q2FY26 results, buoyed by optimism in metal stocks. Analysts highlighted strong technical indicators and bullish momentum, with traders eyeing targets of Rs 145–150. The stock has gained 24% in 2025 and 317% over five years.
Boat’s parent gets regulatory nod for Rs 1,500 crore IPO
Imagine Marketing, the parent company of boAt, has secured regulatory approval for its stock market debut. The Indian wearables brand’s initial public offering is valued at 15 billion rupees. This significant move includes a fresh issue of shares and a sale by existing investors. The Warburg Pincus-backed firm is set to list on the stock […]
Coal India Q2 Results: Cons net profit falls 30% YoY to Rs 4,354 crore, revenue slips 3%
Coal India Q2 Results: Coal India reported a significant 30% year-on-year drop in net profit for the second quarter ended September 2025, reaching Rs 4,354.24 crore. Revenue from operations also saw a slight decrease of 3.2%, totaling Rs 30,186.7 crore for the period.