The regulator last year proposed to halve the minimum amount of ‌shares large ⁠companies ⁠had to offer in their IPOs, allowing those valued at above ​Rs 5 lakh crore ($57 billion) after listing to sell just 2.5% of their ​paid-up capital. This has now been formally notified by the governmentRead More

The rupee hit a fresh closing low of 92.46 against the dollar on Friday, driven by concerns over rising crude oil prices and geopolitical worries in the Middle East. Sustained foreign fund outflows and importer demand further pressured the currency, with the Reserve Bank of India intervening to slow its fall.Read More

US stocks experienced a downturn on Friday, with major indices set to end the week lower amid mixed economic data and escalating Middle East conflict. Investors are now anticipating fewer Federal Reserve rate cuts this year, as rising energy costs and slowing economic growth fuel stagflation fears.Read More

The surge in energy prices triggered by the conflict in the Middle East has significantly strengthened the dollar, paradoxically undermining US President Donald Trump’s economic objectives.Read More

After a strong rally ​this year, U.S. consumer staples stocks are falling out ​of favor, with investors starting to question the high valuation as earnings prospects dim, analysts said.Read More

The Reserve Bank of India injected Rs 50,000 crore into the banking system via an open market operation to manage liquidity ahead of tax payments. This move supported India’s benchmark 10-year bond yield, which remained flat. The RBI has infused a total of Rs 3.50 lakh crore through OMOs this calendar year.Read More

India is set to ​shelve the ​bids it received for a majority stake ​in its state-owned IDBI Bank , as the amounts were below the minimum price sought, Bloomberg ‌News reported ⁠on ⁠Friday, citing people with knowledge of the matter.Read More

Investors’ wealth eroded by Rs 33.68 lakh crore since the beginning of the West Asia conflict, which has now entered its 14th day.Read More

Adobe’s ​battered shares fell another 6% ​on Friday as news that the Photoshop maker’s long-time CEO ​will step down cast fresh doubts over its strategy to battle mounting AI competition.Read More

World markets, rocked by a Middle East war that could trigger ​another inflationary shock, are looking back at the play book from Russia’s invasion of Ukraine in 2022 for clues on what’s next.Read More