Delays occur because many Indian banks contact the receiver before crediting their account to confirm the payment, or re-verify final account details. In addition, differences in how institutions update tracking information or credit client accounts-often tied to batch processing in back-office systems-slow down deals.Read More

Despite policy rate cuts, banks are hesitant to significantly lower lending rates to microfinance institutions due to lingering asset quality concerns and internal margin pressures. Smaller MFIs face tightened purse strings and higher risk premiums, hindering their access to crucial funding.Read More

Indian equity markets closed higher on Tuesday, propelled by gains in IT, pharma, and FMCG sectors. Technically, Nifty maintained its position above key EMAs, suggesting a continued short-term uptrend. However, analysts suggest potential consolidation or profit booking if the index fails to sustain above 25,000, with immediate support around 24,620.Read More

Markets saw gains amid weekly expiry, with several companies in focus. Prakash Industries declared a dividend, while Blue Jet Healthcare’s promoter will sell shares via OFS. Sumitomo Mitsui plans to sell its stake in Kotak Mahindra Bank, and Bajaj Auto will pass on GST reductions to customers. Vodafone Idea is challenging AGR demands in the...Read More

The Indian rupee began on a high note, peaking at 87.95 per dollar before reversing course. This fluctuation was driven by importers hedging against potential losses, which diminished the initial gains.Read More

Citigroup purchased 57,000 shares of Voltamp Transformers in a bulk deal on Tuesday. Other institutional investors such as Aditya Birla Sun Life and others acquired equity in the block deal amounting to Rs 364 crore. Voltamp Transformers shares closed lower today.Read More

Urban Company garnered Rs 854 crore from anchor investors before its IPO, which opens tomorrow. The IPO allocated 8.29 crore shares at Rs 103 apiece to prominent investors like SBI Fund and Goldman Sachs. Analysts highlight the company’s strong growth, profitability, and leadership in the home services market, despite valuation concerns.Read More

Indian equity benchmarks closed higher, led by IT and pharma gains, with Nifty sustaining above key levels. Analysts project a near-term move towards 25,000, while seven stock recommendations highlight fresh breakouts and bullish momentum for traders.Read More

Nebius Group N.V. shares surged 52% on Nasdaq after announcing a multi-billion dollar AI infrastructure deal with Microsoft. The agreement ensures long-term committed capacity from Nebius’ new Vineland, New Jersey data center.Read More

Indian markets ended higher as Infosys’ share buyback announcement boosted IT stocks, while consumer discretionary gained on GST optimism. Expectations of a U.S. Fed rate cut further lifted investor sentiment, with Sensex closing at 81,101 and Nifty at 24,869.Read More