Insurers are adapting motor insurance for electric vehicles (EVs) to address battery-related risks, a major EV cost component. Performance-linked battery failure coverage is being developed, unlike internal combustion engine (ICE) vehicles where claims are mainly accident-related. Insurers are collaborating with automakers to create specialized covers, including residual charging protection and performance guarantees, reflecting the unique...Read More

Brokerages anticipate a limited impact on Indian IT companies’ earnings due to Donald Trump’s $100,000 H-1B levy. They expect increased offshoring and localization to largely compensate for the levy. Nomura, Kotak, and BofA suggest accumulating large-cap stocks like Infosys and TCS during market dips, viewing the disruption as temporary.Read More

Seshaasai Technologies, a payment card fulfillment provider, is launching an IPO to raise ₹480 crore for debt repayment and expansion, alongside a ₹333 crore offer for sale. While revenue dipped slightly in FY25 due to the absence of a large renewal project, net profit doubled, and EBITDA margins improved significantly.Read More

Anand Rathi Share & Stock Brokers is set to launch an IPO. The company aims to raise ₹745 crore. This fresh equity will fund long-term working capital needs. The IPO will dilute promoter stake to 69.9%. The firm’s active clients have increased significantly. Revenue has nearly doubled in recent years. The company provides broking and...Read More

Markets experienced volatility, closing lower, with analysts predicting consolidation between 25,500 and 25,000. TCS will announce Q2 earnings and consider a dividend on October 9. Vedanta’s contract extension for a key oil and gas block was rejected, while IndusInd Bank appointed a new CFO. Brigade Enterprises secured a residential project, and KEC International won new...Read More

Indian equities experienced a downturn on Monday, influenced by concerns surrounding President Trump’s H-1B visa fee changes. Investors are closely watching Piyush Goyal’s upcoming US visit for trade negotiations amid existing tariff tensions. Technically, the Nifty’s 25,000 level is crucial, while the rupee weakened against the dollar.Read More

The Reserve Bank of India has authorized standalone primary dealers to deal in non-deliverable rupee derivatives, effective immediately. This decision follows the RBI’s August 2022 authorization allowing PDs to offer foreign exchange facilities. The move aims to strengthen PDs’ role as market makers, broaden forex customers’ currency risk management options, and enhance India’s forex market.Read More

Dalal Street veteran Kirti Doshi, through Antique Securities, has acquired a significant 21% stake in Emkay Global Financial Services. This investment, along with contributions from promoters Krishna Kumar Karwa and Prakash Kacholia, totals ₹227.5 crore via a warrant issue. The move has boosted investor confidence, with Emkay Global’s stock price surging 20% to ₹315.2.Read More

SEBI is proposing changes to the framework for technical glitches in stockbrokers’ online trading systems, excluding issues outside trading hours or beyond their control. The new rules will apply to brokers with over 10,000 clients, exempting 457 smaller firms. Financial penalties will be waived for glitches with minor operational impacts, and exchanges will disclose glitch...Read More

The Indian rupee weakened to 88.28 against the dollar on Monday, influenced by concerns over Trump’s H-1B visa fee hike and its potential impact on Indian remittances. Traders fear the increased visa costs could lead to equity outflows from the IT sector and pressure the rupee.Read More