Several mid-sized lenders, including Kotak Mahindra Bank, RBL Bank, and IndusInd Bank, are slowing new credit card issuances due to ongoing sector stress and a focus on cleaning up books. This contrasts with larger banks like HDFC Bank and ICICI Bank, which continue aggressive portfolio expansion.Read More

Asian stocks opened higher, mirroring record highs in US and global equities following the Federal Reserve’s interest-rate cut. SoftBank Group saw a significant jump, while caution lingered for some tech names despite the broader rally. The market anticipates continued momentum into year-end and potentially 2026.Read More

ICICI Prudential AMC is set to raise ₹10,600 crore through an offer for sale. This move will reduce promoter shareholding to 90.1%. The company shows strong growth in assets under management and a growing investor base. Its performance is linked to retail investors and market volatility.Read More

Indian equities rose on Thursday, with the Nifty ending its three-day decline. Foreign institutional investors continued their selling streak for the eleventh consecutive session. Key economic data releases from India and the UK are anticipated today, while the Indian rupee hit an all-time low against the US dollar.Read More

Indian markets saw a rebound on Thursday after three days of decline. Analysts suggest caution until a key resistance level is cleared. Investors should watch banking and IT stocks closely for market direction. Global market trends, especially from the US, will also play a role.Read More

Fairfax Financial seems poised to take the lead in acquiring a significant stake in IDBI Bank, with Kotak Mahindra Bank hot on its heels. As financial bids draw near, there’s speculation about a potential deadline extension. Fairfax is leaning towards a full cash offer amidst the government and LIC’s plans to offload more than 60%...Read More

Bitcoin retreated towards the lower end of its recent trading range, dipping below $90,000 amid concerns over demand for risky assets. Analysts suggest a drop below $88,000 could break the current uptrend. Despite a Fed rate cut and inflows into Bitcoin ETFs, the crypto market remains cautious, with $85,000 seen as a critical support level.Read More

Indian stock markets saw a rise on Thursday, snapping a losing streak. This followed a US Federal Reserve interest rate cut. However, ongoing trade deal negotiations between the US and India are expected to influence market sentiment in the coming weeks. Analysts anticipate the Nifty to trade within a defined range. Foreign investors continue to...Read More

ICICI Prudential AMC raised ₹3,022 crore from 148 anchor investors, including top global funds, domestic insurers, pensions and mutual funds, signalling strong institutional confidence ahead of its ₹10,600 crore IPO opening on December 12.Read More

Indian markets reversed a three-day losing streak as Sensex and Nifty rose on Fed’s 25-bps rate cut, boosted by easing US yields, strong auto and IT buying, and broad-based domestic gains despite a weaker rupee and global volatility.Read More