The Reserve Bank of India has opened a special foreign exchange window to supply dollars to state-run refiners, easing pressure on the rupee. This move, likely routed through state-run lenders, aims to reduce the significant daily dollar demand from oil companies. Analysts expect this intervention to lead to rupee appreciation.Read More

The Securities and Exchange Board of India has approved IPOs for four companies, including Avaada Electro, Brookfield-backed Avaada Group’s solar PV manufacturing arm. Chennai-based Grand Housing will launch an entirely offer-for-sale IPO by its promoter. Sebi provided observations for Avaada Electro’s confidential DRHP filed in October 2025.Read More

Irdai has maintained the mandatory 4% cession rate for FY27, directing general insurers to place this share with GIC Re. This decision aims to solidify GIC Re’s position in India’s reinsurance market, despite the entry of new domestic players like Jio-Allianz Re and Valueattics Re, who are poised to challenge its dominance.Read More

The Nifty has reached a significant point of maturity. This suggests a strong bottom is in place. Analysts believe this sets the stage for the next phase of a bull market. The Nifty target has been revised upwards. Historically, major corrections have bottomed out and led to substantial rallies.Read More

Gautam Adani has officially claimed the title of Asia’s wealthiest individual, overtaking Mukesh Ambani with a net worth of $92.6 billion as of April 16. The surge in Adani Group stock prices has fueled this remarkable comeback after earlier hardships. Adani now proudly ranks 19th on the prestigious Bloomberg Billionaire Index, highlighting a significant turnaround...Read More