Indian banks have largely exited their net open foreign exchange positions ahead of a regulatory deadline, reducing aggregate positions from $40 billion to an estimated $4-7 billion. This move, aimed at complying with central bank curbs, is expected to see the rupee trade in the 93/$ to 94.50/$ range with a depreciating bias.Read More

Financial services bore the brunt of foreign investor selling in the latter half of March, with outflows exceeding ₹60,000 crore, the highest since 2012. This broad-based selling, driven by valuation concerns and geopolitical uncertainty, saw significant withdrawals from banking, automobiles, and construction sectors.Read More

Banks are set to boost credit flow to MSMEs as regulators ease onboarding for the Trade Receivables Discounting System (TReDS). This move aims to improve liquidity and working capital efficiency for small businesses facing global economic strains. Revised guidelines and government mandates further support this shift towards dynamic, cash flow-based financing, crucial for timely payments...Read More

Indian equity markets saw profit booking on April 9, ending a five-day rally. Several companies like RIL, TCS, and IDFC First Bank are in focus due to news and Q4 results. Granules India faces US regulator scrutiny, while SpiceJet is ordered to pay $8 million to an engine lessor.Read More

Indian stock markets saw a dip on Thursday. Investors are watching developments in West Asia. Near-term support might come from easing tensions and stable oil prices. However, a sustained recovery depends on the US-Iran situation, energy prices, and liquidity. The India VIX, a fear gauge, increased. Foreign investors were net sellers.Read More

GIFT City’s ambition to be a share listing hub faced a challenge. XED Executive Development withdrew its IPO after failing to attract enough bids. This withdrawal highlights issues with investor onboarding and participation rules. Experts suggest changes to boost IPO success in Gandhinagar’s international finance centre.Read More

TCS reported a 12% net profit rise to ₹13,718 crore in Q4, exceeding expectations despite a 2.4% annual revenue decline in constant currency terms for FY26. The company saw strong AI revenue growth, crossing $2.3 billion, and secured significant deal wins, signaling a potential turnaround amidst cautious optimism.Read More

Oil prices edged up and Asian stocks saw a modest gain as investors remained cautious amid a shaky Middle East ceasefire ahead of US-Iran talks. President Trump threatened Tehran over vessel fees for the Strait of Hormuz, while technology shares rallied. Market sentiment hinges on the ceasefire’s durability and smooth oil flows.Read More

Nifty 50 snapped its five-day rally, falling sharply due to selling in financial, auto, and FMCG stocks. Analysts retain a positive outlook, recommending buy-on-dips, while highlighting key resistance at 24,000 and support near 23,500 amid ongoing volatility.Read More

The Reserve Bank of India is speeding up money transfers from abroad. Banks must now credit foreign payments to accounts on the same business day. This change aims to make remittances faster for everyone. Banks have six months to get ready. This move will help millions of people receive money quicker. India is the world’s...Read More