RBI to close FCNR(B) swaps a month earlier due to gush
The Reserve Bank of India has moved the FCNR(B) deposit deadline to August 31 in response to better-than-expected foreign currency inflows. This adjustment follows a positive uptake of the swap facility linked to these deposits, with inflows surpassing previous totals. Meanwhile, the swap schemes for External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs) […]
Wall St Week Ahead: With US Fed silent on next move, investors look to earnings to keep stocks afloat
Investors focus on corporate earnings to offset economic risks and rate concerns. Strong results, particularly from AI infrastructure spending, are bolstering market confidence. Companies are providing positive guidance, suggesting continued economic activity. Geopolitical tensions and oil prices remain potential inflation drivers. However, robust earnings are currently outweighing broader macroeconomic uncertainties.
Neo Wealth buys a 9.6% stake in Keertana Finserv
Neo Wealth Partners has taken a significant step by acquiring a 9.9% stake in Keertana Finserv for Rs 230 crore, reinforcing its commitment to the expanding gold loan sector. With the entry of major players like Bain Capital and Tata Capital, Keertana is poised for growth, targeting a portfolio expansion to Rs 6,000 crore by […]
US stock: S&P 500 ends lower as investors weigh data, Middle East tensions
The S&P 500’s streak came to an end, falling from its peak as weaker retail sales suggested caution among consumers. Despite a strong outlook, Applied Materials saw its shares slump, dragging down AI-related stocks. In contrast, rising oil prices helped lift the energy index. Reddit experienced a surge following news of its index inclusion.
Nvidia’s $500 billion plan envelops Wall Street in its AI frenzy
Nvidia has unveiled a major financing initiative aimed at supporting artificial intelligence chip acquisitions. By collaborating with prominent financial institutions, the plan seeks to provide substantial debt solutions tailored for AI startups. This multifaceted financing strategy is designed to address the skyrocketing demand for computing power, ultimately fostering the essential digital and AI infrastructure development […]
How a $900 million bet on SpaceX turned 100x into $94 billion for Alphabet
Alphabet’s initial $900 million SpaceX investment is now worth approximately $94 billion. This significant return makes Alphabet the largest institutional shareholder in the rocket company. Other early backers like Fidelity Investments and Saudi Arabia’s PIF also hold substantial stakes.
Sebi mulls digital onboarding for individual foreign investors to boost participation in securities mkt
Sebi has put forth a proposal for the digital onboarding of individual foreign investors, aimed at enhancing their access to markets. Intermediaries could utilize video verification for clients based abroad. Additionally, the framework suggests accepting KYC from other Sebi-registered entities. This initiative targets clients in FATF-compliant countries, with public feedback on the proposal requested by […]
Sebi broadens scope of online bond platforms, permits IFSCA-regulated products and tax-saving bonds
SEBI has expanded the scope for Online Bond Platform Providers (OBPPs), allowing them to offer IFSCA-regulated products and specific tax-saving bonds. Platforms must implement clear labelling, disclaimers, and updated compliance officer requirements to ensure investor transparency and regulatory adherence.
WeWork Global sells 2.5% stake in WeWork India Management for Rs 244 crore
WeWork Global has divested a 2.5% stake in WeWork India for Rs 244 crore, bringing its ownership down to 12.3% from 14.82%. Despite this stake reduction, WeWork India reported a consolidated net loss of Rs 4.30 crore for the first quarter while witnessing a total income increase to Rs 700.74 crore during the April-June period. […]
Ashok Leyland Q1 profit rises 2% as revenue jumps 10% to Rs 10,750 crore
Ashok Leyland reported a 2% rise in consolidated Q1FY27 profit to ₹668 crore, while revenue grew 10% to ₹10,750 crore. Record commercial vehicle sales supported performance, though rising material costs pressured margins, prompting cost-saving and pricing initiatives.