The Securities and Exchange Board of India, SEBI, is simplifying investment processes. A Letter of Confirmation for credit of securities will no longer be required. Instead, securities will be directly credited to investors’ demat accounts. This change aims to speed up the process significantly. The new system will be effective from April 2, 2026.Read More
Glenmark Pharmaceuticals posted 16% growth in December-quarter profit on strong India formulations demand, improved North America performance and margin expansion, with EBITDA surging 45% and regulatory clearance enabling manufacturing restart at its US facility.Read More
Investors holding physical securities can now breathe easy. Sebi has opened a special one-year window, from February 5, 2026, to February 4, 2027, allowing them to transfer and dematerialise shares that faced procedural or documentation issues before the April 2019 mandate. This initiative aims to resolve long-standing grievances and grant rightful access to these assets.Read More
American Express forecast annual profit largely above Wall Street expectations on Friday, underscoring resilient spending by its young and affluent customers, but a small miss on holiday-quarter profit weighed on its shares.Read More
Bombardier shares dropped 9% on Friday after U.S. President Donald Trump threatened to decertify the private jet maker’s large-cabin planes “and all Aircraft made in Canada” and slap 50% import tariffs on new planes until Canada certified the latest aircraft produced by U.S. rival Gulfstream.Read More
SAIL reported a sharp rise in December-quarter profit to Rs 374 crore, driven by higher volumes, operating leverage and disciplined cost control, despite volatile input costs and competitive pricing, while total income also rose strongly year-on-year.Read More
Odds of a partial U.S. government shutdown rose on Friday after new barriers emerged in the Senate to a deal that would ensure funding for agency operations would not be interrupted.Read More
U.S. stocks opened lower on Friday after President Donald Trump nominated former Federal Reserve Governor Kevin Warsh to head the U.S. central bank, as traders mulled over the monetary policy path under the new Fed leadership.Read More
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