JP Morgan and Jefferies have upgraded HDFC Bank, citing attractive valuations after a significant share price decline. Both brokerages see a favorable risk-reward, with JP Morgan highlighting a strong core franchise and Jefferies pointing to potential re-rating catalysts like board clarity and CEO term rollover.Read More
U.S. stocks closed mostly lower as President Trump’s conflicting messages on Iran and escalating Middle East conflict weighed on markets. Despite optimism over discussions, threats to the Strait of Hormuz and Iranian oil facilities fueled investor concerns. Fed Chair Powell’s comments on inflation offered some support, while financial stocks rose on new 401(k) guidelines.Read More
Top Democratic Senators are demanding answers from the Securities and Exchange Commission. They are questioning the sudden exit of the agency’s chief enforcement officer. Reports suggest disagreements arose over cases involving cryptocurrency firms with ties to President Donald Trump and his family. Senators Richard Blumenthal and Elizabeth Warren seek records and communications related to these enforcement actions.Read More
The Reserve Bank of India has postponed new acquisition finance rules. The implementation is now set for July 1, 2026. This decision follows feedback from stakeholders. The central bank also updated its capital market exposures framework. These changes aim to clarify lending for mergers and acquisitions. The RBI is refining guidelines for domestic lenders.Read More
Federal Reserve Chair Jerome Powell on Monday said the U.S. central bank can wait to see how the Iran war affects the economy and inflation, noting that policymakers typically look through shocks such as those from higher oil prices.Read More
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