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

Software stocks saw a strong rebound on Tuesday. This followed news of new AI tools developed by Anthropic with its partners. These tools aim to assist in areas like investment banking and HR. Shares of companies like LSEG, FactSet, Salesforce’s Slack, and DocuSign saw gains. This positive movement comes after recent fears about AI’s impact...Read More

Markets remained volatile as Nifty slipped below its 21EMA amid long unwinding but found support near the 200DMA. Analysts see a 25,300–25,750 range with heightened India VIX. A decisive break below 25,400 may trigger further downside, while selective buying continues in specific stocks.Read More

Artificial intelligence has ​triggered a generational shift in the U.S. labor market and could lead to a possible rise in the unemployment rate that the U.S. central bank may not be able to counter with lower interest rates, ‌Federal Reserve Governor ⁠Lisa ⁠Cook said on Tuesday.Read More

Artificial intelligence lab Anthropic on Tuesday unveiled 10 new ways for business customers to plug in its technology to key areas of their work, weeks after other releases sparked an aggressive selloff ‌in traditional software ⁠company shares.Read More

Copper prices rose to ​their highest level in more than ​a week on Tuesday, propelled by positive sentiment and firmer demand ​in top metals consumer China, where markets reopened after a holiday.Read More

Government will sell up to 4% stake in Indian Railway Finance Corporation (IRFC) via an offer for sale (OFS) which opens on Wednesday for non-retail investors while retail investors will be able to place bids on Thursday.Read More