State Bank of India’s chairman CS Setty has reshuffled top management portfolios following the arrival of new MD Ravi Ranjan. Ranjan will now oversee risk, compliance, and stressed assets, while Rana Ashutosh Kumar Singh takes charge of international banking, global markets, and technology. The changes aim to streamline operations and leverage expertise across key banking...Read More

Axis Bank chief economist Neelkanth Mishra projects India’s real GDP to grow 7.5% in the next fiscal, driven by reforms and supportive policies. Headline inflation is expected to remain within the RBI’s comfort zone around 4%, with the central bank likely maintaining a softer monetary stance.Read More

Investor interest in Indian equities has hit a nearly two-year low, with average daily turnover declining significantly. This subdued activity stems from uncertainty and underperformance in mid- and small-cap stocks, impacting retail investors, HNIs, and brokerages alike.Read More

Seven companies, including Fusion Cx and Orient Cables India, have received Sebi’s approval for their IPOs. Fusion Cx plans a Rs 1,000 crore issue, while Orient Cables India aims for Rs 700 crore. Other companies like RSB Retail India and Lohia Corp also received nod for their offerings.Read More

ICICI Prudential Asset Management Company’s ₹10,602 crore IPO was subscribed 39.1 times on its final day, driven by strong demand from qualified institutional investors. The issue, which saw anchor investors contribute ₹3,021.8 crore, valued the AMC at ₹1.07 lakh crore, positioning it close to industry leader HDFC AMC.Read More

Sebi has alleged Pranav Adani shared price-sensitive information about Adani Group’s NDTV open offer with his brothers-in-law, violating insider trading norms. The regulator served show cause notices, citing communication frequency during the UPSI period. This comes after Sebi recently dropped a similar case against Pranav Adani and his relatives due to lack of evidence.Read More

Markets ended lower on the weekly expiry day, mirroring weak global and domestic cues, with analysts suggesting a consolidation view for the Nifty. Continued currency deterioration could widen the trading range, potentially dragging the index below 25,700. A stock-specific approach with hedged positions is recommended due to prevailing volatility.Read More

Indian equities declined as caution prevailed due to persistent FII selling and a weakening rupee hitting new lows. Analysts anticipate sideways trading in the near term, lacking significant triggers. The rupee fell to an all-time low of 91.01 against the dollar, attributed to a widening trade deficit.Read More

The Reserve Bank of India’s $5 billion dollar-rupee buy-sell swap program saw overwhelming demand, with bids reaching $10.35 billion. The central bank accepted $5.07 billion to inject durable liquidity into the inter-bank market, aiming to improve policy rate cut transmission. This initiative complements other liquidity measures, including substantial infusions through variable rate repo auctions.Read More