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🇮🇳52d ago
Bank NPA Provisions Fall Second Quarter as Asset Quality Improves
Aggregate loan loss provisioning by Indian banks declined significantly year-on-year in the second quarter, driven by improving asset quality and fewer fresh loan slippages. Public sector banks cut provisions by 19.8 percent while private sector banks reduced provisioning by 33.6 percent, indicating sustained improvement in credit quality across the banking sector.
🇮🇳52d ago
Indian Indices Recover Despite Oil Headwinds, DIIs Provide Support
Indian benchmark indices opened with minimal movement Thursday as elevated crude oil prices weighed on sentiment, but recovered during the Closing Auction Session to finish in positive territory. Domestic institutional investors stepped in as net buyers while foreign portfolio investors reduced positions.
🇮🇳52d ago
Canara Bank, Vodafone Idea, Premier Energies Drive Indian Market Activity
Indian equity markets staged a modest recovery on Thursday, with several major companies announcing significant corporate developments including capital raising, debt financing, and strategic partnerships. The announcements span banking, telecommunications, and renewable energy sectors, signaling continued corporate activity despite recent market pressures.
🇮🇳52d ago
Gujarat Fluorochemicals shares surge 34% on growth prospects
Gujarat Fluorochemicals shares have gained 34% over three months, supported by strong June quarter results and planned capital investments in advanced fluoropolymers. The company is targeting high-growth sectors including semiconductors, green hydrogen, and battery materials to drive future earnings expansion.
🇮🇳52d ago
India's IPO Fundraising Set to Exceed Rs 1 Lakh Crore in 2026
Indian IPO fundraising is projected to surpass one lakh crore rupees in 2026, with major listings from NSE and Jio Platforms expected to drive collections. This marks a repeat of the milestone achieved in 2021, 2024, and 2025, underpinned by elevated valuations and strong domestic investor demand.
🇮🇳52d ago
US stocks fall as oil surge, yield rise fuel Fed rate hike bets
US equities declined as Brent crude jumped 6% to $107 per barrel and Treasury yields reached multi-year highs, bolstering expectations for an imminent Federal Reserve rate increase. Technology stocks including Nvidia and Micron retreated while Apple advanced following its latest iPhone launch.
🇮🇳52d ago
Advent, Temasek in talks to acquire Fairfax's IIFL Finance stake
Advent International and Temasek Holdings are reportedly in advanced discussions to acquire Fairfax Financial's stake in IIFL Finance, valued at approximately ₹3,500 crore. The transaction would enable Fairfax to exit the investment and secure funding for its planned acquisition of IDBI Bank while meeting regulatory requirements.
🇮🇳52d ago
Canara HSBC Life fined Rs 1 crore for mis-selling policy to 88-year-old
Canara HSBC Life Insurance Company was penalized Rs 1 crore by India's insurance regulator IRDAI for mis-selling a deferred annuity policy to an 88-year-old customer through Canara Bank. The case underscores regulatory enforcement against improper sales practices and disclosure failures in India's insurance sector.
🇮🇳52d ago
RBI Governor: Fintechs Must Treat Data as Fiduciary Duty, Not Asset
Reserve Bank of India Governor Sanjay Malhotra has emphasized that fintech companies must adopt a fiduciary approach to customer data, treating it as a trustee responsibility rather than a profit-generating business asset. The directive highlights regulatory expectations around data protection, consent management, and the critical role of operational resilience in maintaining financial system stability.
🇮🇳52d ago
US bond yields hit multi-year highs amid oil surge and rate hike bets
US Treasury yields reached multiyear highs as oil price increases reignited inflation concerns and strengthened expectations for Federal Reserve rate increases. The 10-year yield approached 5%, pressured further by rising government debt supply and fiscal concerns ahead of key inflation data.
🇮🇳52d ago
Oil Surges 5% as Tanker Attacks Stir Supply Disruption Fears
Oil prices jumped 5% with Brent crude reaching $106.60 and US crude (WTI) crossing $100 a barrel, driven by escalating US-Iran tensions and attacks on tankers that have raised concerns about potential supply interruptions. The rally reflects a combination of geopolitical risks, rising Chinese demand, and tighter OPEC output levels keeping markets on edge for further supply shocks.
🇮🇳52d ago
Hotter US Producer Prices Boost Fed Rate Hike Bets to 70%
US producer prices have risen, prompting traders to price in a 70 percent probability of a quarter-point rate increase from the Federal Reserve at its next meeting. Upcoming consumer inflation data and geopolitical tensions in the Middle East are expected to further shape the central bank's monetary policy trajectory.
🇮🇳52d ago
SBI Chief Says $127B FCNR Inflow Won't Spark Lending Surge
State Bank of India Chairman CS Setty stated that $127 billion in foreign currency non-resident deposits will be absorbed gradually over coming months, addressing concerns about sudden lending pressure. The inflows, attracted by the central bank's swap facility, represent significant capital but will not trigger an immediate surge in lending activity.
🇮🇳52d ago
Indian Markets Rally on Buying Interest Despite Global Headwinds
Indian stock indices Sensex and Nifty reversed intraday losses during Friday's closing auction, ending higher and snapping a three-session decline. The recovery occurred amid crude oil trading above $102 per barrel, weak global cues, and elevated yields, though cautious sentiment persisted as Nifty formed a hammer candlestick pattern indicating potential support.
🇮🇳52d ago
Coinbase CEO Armstrong Says Bitcoin Could Hit $400,000 by 2030
Coinbase CEO Brian Armstrong has predicted that Bitcoin could reach $400,000 by 2030, asserting that the cryptocurrency has found its market bottom after a prolonged downturn. According to Armstrong's outlook, upcoming halving events and regulatory developments are expected to support future price appreciation despite continued market volatility.
🇮🇳52d ago
Copper Falls as White House Reconsiders Tariff Plan
Copper prices declined following reports that the White House is reconsidering its tariff plans, citing concerns about rising manufacturing costs. The selloff was evident across major trading venues, with three-month copper on the London Metal Exchange dropping substantially from recent highs and COMEX futures also declining.
🇮🇳52d ago
ECB Raises Interest Rates Amid Iran Conflict and Inflation Concerns
The European Central Bank has raised interest rates in response to mounting inflation pressures, with geopolitical tensions involving Iran cited as a contributing factor to price concerns. The rate increase reflects the ECB's efforts to combat inflation in the eurozone economy.
🇮🇳52d ago
American Eagle shares tumble on flat margin guidance, brand weakness
American Eagle Outfitters' stock declined sharply after the company projected stagnant gross margins for the coming quarter amid sluggish demand and excess inventory. While the Aerie brand showed strength, it was insufficient to offset persistent challenges in the core American Eagle label.
🇮🇳52d ago
Finolex Cables, Jindal Saw, Emmvee Among Friday Stock Picks
Indian market analysts recommended three stocks—Finolex Cables, Jindal Saw, and Emmvee Photovoltaic Power—for Friday trading, citing bullish technical setups amid volatile market conditions driven by crude oil prices, rupee weakness, and rising bond yields. The recommendations came on an expiry day when multiple macroeconomic headwinds pressured overall sentiment.
🇮🇳52d ago
RBI to Conduct 26-Day VRRR Auction to Absorb Rs 5 Lakh Crore Surplus
The Reserve Bank of India announced a 26-day Variable Rate Reverse Repo (VRRR) auction scheduled for Friday, designed to withdraw Rs 5 lakh crore from the inter-bank market. The operation addresses persistent surplus liquidity in the financial system driven by foreign investments.