A founder’s dystopian AI scenario published on Sunday triggered a stock market meltdown on Monday, with major indexes and specific company shares plummeting. The report, “The 2028 Global Intelligence Crisis,” detailed mass white-collar layoffs and a deflationary cascade, sparking investor anxiety already heightened by AI-related selloffs.Read More

Standard Chartered’s India operations saw a 15% rise in profit before tax to $542 million in 2025, driven by lower expenses and provisions, despite a 3% drop in operating income. India climbed to the fourth position in profit contribution, aided by a 24% decline in China profits. Total loans fell 5% to $12.28 billion, while...Read More

Omnitech Engineering plans to raise ₹418 crore via a fresh issue and ₹165 crore through an offer for sale to fund new facilities and repay debt. Despite a loyal customer base and strong export revenue, the company faces geographical and tariff risks, a longer working capital cycle, and negative operating cash flow in FY25, prompting...Read More

Indian benchmark indices experienced a sharp decline, ending their two-session rally due to the monthly Nifty F&O expiry. Analysts observe Nifty consolidating within a specific range, with a breakout or breakdown expected to signal the next directional trend. Volatility is anticipated to persist amidst global uncertainties.Read More

Markets declined sharply on Tuesday due to weak global cues, with the Nifty retesting crucial support near 25,400. Several stocks like IRFC, Voltas, IDFC First Bank, Alembic Pharma, and Lupin are in focus today due to significant news developments, including government stake sales, price hike expectations, and USFDA approvals.Read More

The government is divesting up to a 4% stake in Indian Railway Finance Corporation (IRFC) through an offer for sale. The divestment begins with a 2% stake sale, with an additional 2% green shoe option available. The offer opens for non-retail investors on Wednesday and retail investors on Thursday, with a floor price of ₹104...Read More

The Indian rupee closed at 90.95/$1 on Tuesday, pressured by maturing non-deliverable forwards and equity sales. The Reserve Bank of India intervened to prevent the currency from breaching the 91/$1 mark. A stronger dollar index and rising crude oil prices also contributed to the rupee’s weakness.Read More

IDFC First Bank has settled ₹583 crore with the Haryana government despite an ongoing financial fraud investigation. The bank confirmed full payment of principal and interest, emphasizing its commitment to customer-first principles and cooperation with authorities to apprehend those responsible. This proactive payment was made without waiting for the investigation’s conclusion.Read More

India’s SME stock platforms, designed as a launchpad to the mainboard, are seeing a significant slowdown in company migrations. Stricter listing norms and increased tenure requirements implemented by exchanges have effectively filtered out smaller players, leading to a sharp decline in the number of companies successfully transitioning to the mainboard in recent years.Read More

BookMyForex users face fraud after a major data breach. Thousands of customers are reportedly defrauded, with unauthorized transactions occurring on their forex cards. Many users could not access the platform to secure their funds. The company has escalated the issue to Yes Bank, its banking partner, for chargeback proceedings.Read More