India’s rupee has hit record lows, exacerbated by Middle East conflict and domestic economic fragilities. The Reserve Bank of India’s currency controls backfired, signaling a loss of confidence. A rupee at 100 threatens to increase living costs, strain government finances, and impact aspirational spending, posing a harsh check on the nation’s ambitions.Read More

Asian stocks traded higher on Friday, supported by easing oil prices and improved global risk sentiment amid Middle East tensions. MSCI’s Asia Pacific Index rose up to 1% after Wall Street rebounded. Hopes of partial normalization in oil boosted liquidity outlook. Focus now shifts to key US nonfarm payrolls data, even as several regional markets...Read More

Pharma stocks fell Thursday after reports of US President Donald Trump mulling 100% tariffs on imported branded and patented medicine makers spooked investors in a weak market.Read More

The Indian rupee saw a strong surge on Thursday, gaining nearly 1.8% against the dollar. This appreciation followed new regulations by the Reserve Bank of India aimed at curbing speculative trading. The currency reached its best single-day gain since September 2013. Traders anticipate the rupee to trade within a specific range next week as banks...Read More

Indian benchmark indices rebounded on Thursday, closing higher after a rupee recovery spurred short covering ahead of an extended weekend. Despite early losses, Sensex and Nifty ended in positive territory, contrasting with global market weakness. Volatility remains a concern, though technical indicators suggest a potential near-term pullback.Read More

MOFSL Chairman Raamdeo Agrawal advises investors to prioritize survival during the current West Asia conflict, which he finds harder to predict than Covid. He notes that while India’s macro resilience has improved significantly, valuations are becoming attractive with the Nifty below 20 PE, suggesting the market is pricing in fear rather than an earnings collapse.Read More

Elon Musk’s SpaceX is reportedly targeting an IPO valuation exceeding $2 trillion, potentially making it the largest stock market listing ever. The company is in discussions with prospective investors, aiming to raise up to $75 billion. This ambitious valuation follows a recent merger with Musk’s AI startup, xAI.Read More

HDFC Bank has penalized at least 12 senior and mid-level executives, including Ashish Parthasarthy, for their alleged role in the mis-selling of Credit Suisse AT1 bonds. This action follows previous sackings and suspensions, with the bank attributing the issue to technical documentation and regulatory interpretation lapses rather than fraud.Read More

The Reserve Bank of India has banned banks from offering or rebooking rupee non-deliverable forward contracts. This move widens the gap between domestic and overseas currency markets. Banks are now selling dollars locally and buying them abroad. This action aims to curb speculative trading and support the Indian rupee against the US dollar.Read More

Sebi is proposing to bring back share buybacks via stock exchanges. This reverses a decision made a year ago. New tax rules have resolved earlier concerns about fairness and tax distortions. Public shareholders will now be taxed on actual capital gains, similar to market sales. This change aims to ensure equal participation for all shareholders.Read More