Indian automakers are experiencing a significant boost due to the government’s decision to cut consumption taxes, leading to a surge in market value. The reduction in Goods and Services Tax (GST) on passenger vehicles, making them more affordable, is expected to drive demand, particularly during the upcoming festival season. Mahindra & Mahindra, Eicher Motors, and...Read More

The collapse of Prime Minister Francois Bayrou’s government after a no-confidence vote leaves France facing political instability, weak growth, high borrowing costs, and rising debt, raising concerns about fiscal consolidation and eurozone economic stability.Read More

Standard Chartered expects the US Federal Reserve to deliver a 50-basis-point cut in September, double its earlier projection. The revision follows weak August jobs data, signaling labor market softness. Other global banks remain divided on the magnitude and timing of policy easing.Read More

Goel Construction shares debuted strongly on the BSE SME platform, opening at a 15% premium of Rs 302.50. The IPO witnessed significant investor interest, being oversubscribed across all categories. The company, specializing in industrial and infrastructure projects, reported substantial revenue and profit growth in FY25, supported by a robust order book.Read More

Bank Indonesia acted to stabilise markets. This followed the unexpected removal of Finance Minister Sri Mulyani Indrawati. The move triggered a selloff in the Rupiah and Indonesian bonds. Bank Indonesia bought longer-dated government bonds. They also intervened in the foreign exchange market. This was to ensure the Rupiah’s exchange rate aligned with fundamentals. The interventions...Read More

Dev Accelerator is launching its Initial Public Offering on September 10. The IPO aims to raise Rs 143.35 crore. There is strong investor interest, with shares trading at a premium in the grey market. The company plans to use the funds for expansion and debt repayment. Listing is expected on September 17 on BSE and...Read More

SpiceJet shares rose sharply after the airline completed a $24 million (approx. Rs 200 crore) payment to Credit Suisse, closing a long-standing liability. The full settlement strengthens its balance sheet, boosts investor confidence, and marks a key step in its turnaround efforts.Read More

Glenmark Pharmaceuticals’ shares surged following its subsidiary’s $700 million upfront payment from AbbVie for an exclusive licensing agreement concerning IGI’s lead drug candidate, ISB 2001. The deal grants AbbVie rights in key markets, while Glenmark retains commercialization in emerging regions.Read More

Gold futures on MCX soared to a record high of Rs 1,09,000/10 grams, fueled by expectations of aggressive US Fed rate cuts. Silver futures also remained firm, while international spot gold hit an all-time high of $3,646.53/oz. Weak U.S. job data has increased the likelihood of these rate cuts, weakening the dollar and supporting precious...Read More

The rupee gained 14 paise to 87.95 on equity strength, but US tariff concerns and global risks capped recovery; Sensex and Nifty rose as US trade tensions escalated.Read More