Oil prices experienced a notable rise following remarks from President Trump, who announced Indian Prime Minister Modi’s commitment to ceasing oil imports from Russia. This pivotal decision is poised to shake up global oil dynamics. Market watchers are now on alert for upcoming US inventory data to guide their next steps, especially after a recent...Read More
Indian markets surprisingly jumped after the S&P 500 finished higher. Big banks like Morgan Stanley and Bank of America saw a boost from solid earnings, and chip stocks climbed thanks to increased AI spending. Even with ongoing trade issues with China, investors are focusing on how well companies are doing financially.Read More
Positive signals from high-frequency indicators paint an optimistic picture for growth in the September quarter. Nevertheless, Reserve Bank of India Governor Sanjay Malhotra has urged caution for the latter half of FY26, highlighting concerns over the repercussions of US tariffs.Read More
Market regulator Sebi has banned eight people from capital markets. They are accused of insider trading in Indian Energy Exchange shares. This activity allegedly resulted in illegal gains exceeding Rs 173 crore. The ban is interim and effective immediately. Sebi initiated an examination after a significant fall in IEX shares following a CERC directive.Read More
Torrent Pharmaceuticals is planning a ₹14,000-crore bond sale to finance its acquisition of JB Chemicals & Pharmaceuticals. The company is in discussions with major banks for the funding package, which will be repaid through internal accruals. The proposed merger is awaiting regulatory approvals.Read More
Axis Bank reported a 26% drop in September-quarter net profit to ₹5,090 crore, primarily due to a one-time ₹1,231 crore standard asset provision for discontinued crop loan variants. Despite this, net interest income rose 2% year-on-year to ₹13,745 crore, with the bank optimistic about GST cuts and retail loan growth.Read More
Singapore High Court approved WazirX’s parent Zettai’s restructuring plan, allowing the Indian crypto exchange to resume operations and begin asset redistribution. Following a creditor re-vote, WazirX expects to reopen by late October, prioritizing orderly withdrawals and enhanced security with third-party custodians like BitGo.Read More
SEBI has directed public interest directors on market infrastructure institution boards to consider system failures as financial irregularities. Directors must now understand emerging technologies and ensure systemic stability and data integrity, especially with AI adoption. They are urged to exercise independent judgment and proactively report risks to SEBI.Read More
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