Indian companies and financial institutions significantly reduced their short-term borrowing from the debt market in August, issuing ₹1.18 lakh crore in commercial papers, a drop of 23% month-on-month. This decline is attributed to hardening bond yields, which made debt market financing more expensive.Read More

Indian markets saw gains on Friday. Britannia Industries is focusing on localized strategies. Hyundai aims for growth through domestic sales and exports. Alembic Pharma received US FDA EIR. Diamond Power secured a Rs 236 crore order from Adani Energy. GMR Airports reported a passenger traffic decline. RailTel received a Rs 209 crore order.Read More

Nifty extended its winning streak for the eighth consecutive session, fueled by global market optimism and hopes for a US Fed rate cut. The near-term market outlook remains positive, supported by a rising support base around the 24,900 level. FIIs and DIIs were net buyers, while the Indian rupee recovered, contributing to the positive market...Read More

China’s shift towards yuan appreciation is poised to boost emerging-market currencies, fueled by expectations of lower US interest rates. The yuan’s influence as a regional anchor and its impact on trade flows extend beyond Asia. This policy change signals a departure from maintaining yuan stability, potentially easing central bank policies and benefiting the broader emerging...Read More

Asian stocks began cautiously as markets anticipate potential rate cuts from the U.S. Federal Reserve and possibly the Bank of Canada this week. Investors are closely watching the Fed’s future guidance amid economic concerns and President Trump’s criticism. China’s economic data and U.S.-China trade talks are also key factors influencing market sentiment, alongside oil price...Read More

SBI and a group of private banks are poised to receive a tax exemption on ₹13,483 crore income from selling their stake in Yes Bank to SMBC. The Yes Bank Reconstruction Scheme, 2020, exempts banks from capital gains tax on profits from the share sale. This deal marks Japan’s largest bank’s entry into India.Read More