New York City’s financial sector braces for a new era with Mayor Zohran Mamdani’s election. Business leaders express apprehension about potential impacts on the city’s competitiveness and appeal. While some hope for moderation, others worry about proposed tax hikes and rent controls. The city’s economic future under Mamdani’s leadership is now a key focus.Read More

Bitcoin’s value has dropped significantly. This decline is not due to forced selling from leverage. Instead, long-term holders are selling their Bitcoin. This is causing a market imbalance. New buyers are not stepping in to absorb the supply. This trend could continue for several months.Read More

Oil prices remained largely flat early Thursday, following a dip to two-week lows due to weaker demand and a global oil glut. U.S. crude stocks unexpectedly surged last week, adding to oversupply concerns. Analysts predict continued downward pressure on prices, forecasting further declines by the end of 2025 and 2026.Read More

The US dollar remains strong near recent peaks. Riskier assets like the Australian and New Zealand dollars saw gains. Investors anticipate a dovish tone from the Bank of England, even if no rate cut occurs today. Sterling faces pressure ahead of the BoE announcement. The dollar’s strength is supported by higher US yields.Read More

Finbud Financial Services IPO: Issue opened on November 6 and will close on November 10. The fully fresh issue of 50.48 lakh shares is priced between ₹140 and ₹142 per share, with a minimum application size of 2,000 shares. The stock is set to list on the NSE SME platform on November 13.Read More

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Emirates NBD Bank plans to acquire a 26% stake in RBL Bank via an open offer at ₹280 per share, totaling ₹11,636 crore. This move, part of a larger $3 billion investment to gain a majority stake, marks a significant FDI in India’s banking sector. RBL Bank is seeking an increased FDI limit to facilitate...Read More

Jewellery stocks are experiencing a rally driven by robust festive demand and the upcoming wedding season, despite higher gold and silver prices. Analysts anticipate continued momentum, with strong quarterly results and shifting consumer preferences towards modern designs supporting sales and margins. While near-term outlook remains positive, potential moderation in gains is expected after the recent...Read More

Mahindra & Mahindra is set to exit RBL Bank by selling its entire 3.5% stake. The deal is valued at approximately $78 million. Kotak Securities is managing the transaction. The sale is scheduled for Thursday. This move represents a profitable exit for Mahindra, which had invested in the bank in July 2023.Read More

Hindustan Unilever Limited’s notice for Priya Nair’s appointment as CEO included an unusual offer: shareholders could obtain a copy of her CEO agreement via email. While not legally mandated, this move goes beyond typical inspection procedures, sparking debate on transparency versus competitive risks in executive contracts.Read More