IT stocks surge as Trump signals progress in US-India trade talks
IT stocks surged following positive comments from Donald Trump regarding US-India trade negotiations, easing concerns about potential tariffs. Optimism surrounding a possible US Federal Reserve rate cut and Infosys’ share buyback further fueled the rally. Investors are anticipating more buybacks from other IT companies, contributing to the sector’s positive momentum.
Asian shares steady as US stocks climb on Fed rate cut hopes
Asian equities displayed mixed performance following Wall Street’s rally, fueled by hopes of Federal Reserve rate cuts after a drop in producer prices. US futures saw slight gains as the S&P 500 reached a new record.
Corporate credit demand likely to revive this quarter, says SBI MD
State Bank of India anticipates a rise in corporate credit demand this quarter. Bond yields are increasing, making bank loans more attractive. Previously, corporations favoured bonds due to lower rates. Reserve Bank of India’s rate cuts had initially boosted bond issuances. India aims to be a major global economy, requiring strong credit growth.
Saree retailers in south set to raise Rs 20,000 crore through IPOs
Several prominent saree retailers from South India, including RSB Retail, Marri Retail, Pothys, and Nalli Silk Sarees, are preparing to launch IPOs in the next 6-8 months, aiming to raise approximately ₹20,000 crore.
Oracle shares surge 43%, co-founder Ellison tops Musk as world’s richest
Oracle shares saw a significant surge. This happened after a strong forecast for its cloud sector. Larry Ellison’s wealth increased substantially. He briefly surpassed Elon Musk as the world’s richest person. OpenAI plans a large purchase of Oracle’s computing power. Oracle is becoming a major player in AI cloud computing. It competes with Microsoft and […]
RIL ups deal size of asset-backed notes on strong demand
Reliance Industries has increased its asset-backed securities issuance to ₹21,000 crore, driven by strong investor demand. The securities, offering a 7.75% coupon, are backed by receivables from Reliance’s operating businesses and feature a four-year tenor. ICICI Prudential Mutual Fund is expected to lead investments, with participation from other major asset managers.
Will RBI’s policy moves help calm India’s bond market turbulence?
Indian government bonds are poised for a resurgence, with demand expected to pick up from October. Analysts anticipate that benign inflation, resilient fiscal footing, and potential RBI action to address market dislocations will revive demand. Experts suggest that strategic policy interventions and upcoming key events could further soften yields on long bonds.
Retail flows into equity MFs see a sharp 21% drop in Aug
Equity mutual funds experienced a 21% drop in inflows in August, totaling ₹33,430 crore, due to weaker retail investor interest and fewer new scheme launches. While SIP inflows remained relatively stable, debt funds saw outflows of ₹7,980 crore, primarily from liquid schemes. Sectoral funds witnessed the most significant decline, while flexicap funds remained popular.
Sebi cancels registration of 18 investment advisers for fee non-payment
Markets regulator Sebi on Wednesday cancelled the registration of 18 investment advisers for failing to pay renewal fees, a statutory requirement under its regulations.
Rs 6,256-crore Kotak Bank block deal: BlackRock, BofA, Nomura among marquee buyers as SMBC exits
Sumitomo Mitsui Banking Corporation divested its 1.65% stake in Kotak Mahindra Bank for Rs 6,256 crore through block deals, with shares sold at Rs 1,940.8 apiece to various domestic and foreign investors. Kotak Mahindra Bank’s shares closed higher, despite trading below key moving averages.