IndiGo faces a DGCA probe over widespread flight disruptions, with over 200 cancellations and hundreds of delays impacting passengers. The airline cites new pilot duty rules, tech glitches, and weather as causes. IndiGo is implementing schedule adjustments and offering passenger support. Shares saw a decline amid these operational challenges.Read More

Asian stocks rose, mirroring US gains after weak jobs data bolstered expectations for a Federal Reserve rate cut next week. Bitcoin slipped as traders priced in a high chance of a December reduction. Investors are watching Japan’s bond auction and the dollar’s impact on Asian currencies.Read More

Indian markets experienced a volatile session, closing marginally lower due to a weakening rupee and caution ahead of the MPC meeting. IndiGo faced an investigation by DGCA for flight disruptions, while NHPC synchronized a unit of its Subansiri project. ONGC’s chairman received a one-year extension, and RIL partnered with Surrey County Cricket Club for the...Read More

Indian equities extended their losing streak on Wednesday, dampened by persistent foreign fund outflows and a record low for the Indian rupee. Analysts anticipate range-bound trading in the near term, influenced by currency trends, RBI policy, and trade negotiations. Foreign portfolio investors were net sellers, while domestic institutional investors bought shares.Read More

Indian markets surged as economic data fueled hopes for a Federal Reserve interest rate cut next week. Despite a dip in Microsoft shares, positive sentiment prevailed, with investors closely watching upcoming inflation and employment reports. This optimism boosted small-cap stocks, signaling a potential shift towards a more dovish monetary policy.Read More

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Oil prices edged higher as Ukrainian attacks on Russia’s Druzhba pipeline and stalled peace talks hinted at potential supply disruptions. Despite these factors, weak global demand and oversupply concerns limited gains, with Fitch Ratings lowering its future oil price assumptions due to these market conditions.Read More

Gold prices held steady above $4,200 on Thursday, driven by weak private payrolls data. This reinforced expectations of a U.S. interest rate cut at the Federal Reserve’s upcoming meeting. The dollar also hit a five-week low, further favoring non-yielding assets like gold.Read More

The U.S. dollar weakened as lackluster economic data bolstered expectations of a Federal Reserve rate cut. This boosted the euro to a near seven-week high and provided relief to the yen. Investors are also considering the potential impact of Kevin Hassett as the next Fed Chair, who is expected to advocate for further rate reductions.Read More

The bank now has a capital adequacy ratio of over 17%, so it does not need funds. As a promoter, we have always stated that whenever funds are required, it will be provided, says Ashok Hinduja, chairman, IndusInd International Holdings (IIHL).Read More