Topic
Capital Markets
Finance RBI Deputy Governor Rohit Jain Calls for Wider Bond Market Access to Meet India's 2047 Goals
RBI Deputy Governor Rohit Jain said bond markets need more depth, not just scale, so that a wider range of enterprises can access market-based finance. Speaking at the Financial Institutions Leadership Conference, he emphasised that India's goal to become a developed economy by 2047 requires financial markets to mobilise substantially more long-term capital and distribute risk efficiently.
Finance CXMT Soars Over 500% on Debut, Becomes China’s Most Valuable Listed Company on AI Memory Boom
ChangXin Memory Technologies (CXMT) surged over 500% on its Shanghai debut, reaching a market capitalisation of 3.65 trillion yuan ($539.21 billion) and becoming China's most valuable listed company. The IPO, Asia's biggest this year, raised 57.92 billion yuan ($8.6 billion), reflecting strong investor demand for a domestic semiconductor champion central to Beijing's tech self-sufficiency drive.
Finance IPO Buzz: Over a Dozen Companies Set to Raise Rs 25,000 Crore in August 2026
Over a dozen Indian companies, including Zepto, Truhome Finance, and Shiprocket, are set to launch IPOs in August 2026, collectively targeting over Rs 25,000 crore. The offerings include fresh equity and offer-for-sale components, reflecting improving investor sentiment and market stability, according to merchant bankers.
Finance FPIs Infuse Over ₹3,000 Crore in Indian Domestic Market Last Week, Data Shows
Foreign Portfolio Investors turned net buyers in July, infusing ₹3,049 crore into Indian stocks last week and ₹14,946 crore month-to-date. The debt market also saw strong inflows of ₹9,521 crore via the Fully Accessible Route and ₹27,391 crore via the general route, according to depository data.
Business July FPI Inflows Hit Rs 42,000 Crore, Topping February Record as Equity Buying Resumes
Foreign portfolio investors (FPIs) recorded total inflows of nearly Rs 41,796 crore in July, the strongest month in 2026, breaking a four-month equity selling streak. Equity inflows of $1.6 billion were aided by participation in the SBI Funds IPO, while debt markets attracted $9.5 billion year-to-date. Despite the recovery, year-to-date total FPI flows remain negative at $18.4 billion.
Finance IPO Rush Ahead: Zepto, Shiprocket and 12 More Firms to Hit Primary Market; Eye Rs 25,000 Crore-Plus Fundraising
At least 14 companies are expected to launch IPOs in the coming weeks, targeting combined fundraising of over Rs 25,000 crore through fresh equity and offer-for-sale. Quick commerce leader Zepto leads with an Rs 8,010 crore fresh issue, while logistics platform Shiprocket and housing finance firm Truhome Finance are among other major names. Market participants expect robust activity as investor sentiment improves.
Finance Tulsian, Asit C Mehta, ICICI Pru, Green Lantern, Sundaram Lead PMS Alpha Generation in India
A bl.portfolio analysis of 554 active PMS strategies shows category-average returns beat benchmarks in three of six equity categories over five years. Multi- & Flexi-cap strategies stand out with two-thirds of strategies outperforming. Mid-cap remains challenging, with no strategy beating the Nifty Midcap 150 TRI. The industry has 530 SEBI-registered managers managing ₹8.9 lakh crore. Key cost and tax considerations are highlighted.
Finance Temasek widens India investment scope to industrials, AI with $42 billion portfolio
Singapore's Temasek is widening its investment scope in India to include industrials and artificial intelligence, alongside its traditional focus on consumer, financial services, and healthcare. The firm's India portfolio has grown to $42 billion as of March 2026, with plans to deploy another $9 billion in the next three years. Executives cited India as one of Temasek's best performing markets, driven by domestic consumption tailwinds and a growing manufacturing and AI ecosystem.
Finance CBDT Extends PAN Exemption to Category I and II AIFs to Ease Foreign Investments
The Central Board of Direct Taxes has amended Income Tax rules to exempt Category I and II Alternative Investment Funds, including those in IFSCs, from obtaining a Permanent Account Number (PAN). This move, effective from July 21, 2026, is expected to expedite onboarding of foreign investors by removing a compliance bottleneck, according to tax experts.
Finance SBI Funds Management Listing Makes Employees Crorepatis; Stock Debuts at 7% Premium to IPO Price
SBI Funds Management shares listed at a 6.27% premium on the BSE and at Rs 613.30 on the NSE, with 13 employees holding equity stakes valued at over Rs 1 crore each at the IPO price. Deputy MD Devinder Pal Singh's vested shares alone are worth Rs 121 crore. The IPO was subscribed 42 times, driven by strong institutional demand.
Finance No move to scrap LTCG tax on equities: Finance Minister Pankaj Chaudhary tells Lok Sabha
The Indian government informed Parliament that there is no current move to abolish long-term capital gains (LTCG) tax on equities for retail or domestic investors, ending speculation. The minister also clarified that the tax rate for domestic investors is 12.5%, matching that for FPIs in equities, while the government has rationalised tax treatment for FPIs in government securities to align with global standards.
Finance Young Retail Investors Bet Big on Tech Stocks Amid AI Rally and Volatile Markets
A wave of young retail investors is betting heavily on tech stocks, drawn by the AI-driven rally. However, extreme volatility, margin borrowing risks, and analyst warnings about overvaluation pose significant hazards for these traders.
Finance Asian Markets Tumble as AI Stock Sell-Off Deepens; Nikkei Sinks Nearly 6%, HSI Plunges 2%
Asian stock markets fell sharply on Friday as the sell-off in artificial intelligence-related shares deepened, with Japan's Nikkei 225 leading losses, dropping 5.8% to 62,945.97. Taiwan's benchmark fell over 5%, Hong Kong's Hang Seng index slipped 2%, and China's Shanghai Composite lost 1.6%. Oil prices extended gains on Middle East tensions. Indian equities bucked the trend, rising nearly 1%.
Trump Media to Launch Paid Data Feed of Truth Social Posts for Wall Street Firms
Trump Media & Technology Group, owner of Truth Social, is launching a paid service on 1 August to provide Wall Street firms with instant access to posts from key accounts, including potentially President Trump's. The service aims to create a steady revenue stream for the loss-making company and meets demand from traders seeking to react quickly to market-moving statements on trade and tariffs. Interim CEO Kevin McGurn said the move will block current unauthorized data copying, forcing firms to buy the official feed.
Finance SpaceX Share Price Falls Below IPO Price, Down 41% From Peak in Volatile Trading
SpaceX's share price dropped to $132.62 on Wednesday, below its initial public offering price of $135, and has fallen 41% from its post-float peak, BBC News reported. The decline reverses an initial frenzy that valued the company above Amazon and Microsoft and made Elon Musk the world's first trillionaire. If the price holds or falls further, investors who purchased at the IPO stand to lose money.
Finance Augmont Enterprises, NSE Tie-Up Aims to Accelerate Electronic Gold Receipt Adoption
Augmont Enterprises has tied up with the National Stock Exchange (NSE) to boost adoption of Electronic Gold Receipts (EGRs). The company expects to list EGRs within three months after the government resolves a GST issue on gold conversion. EGRs are SEBI-regulated instruments that dematerialize physical gold, enabling trading, pledging and lending through an exchange framework.
Finance Supreme Court Upholds Sebi Action Against Kotak AMC, MD Nilesh Shah Over FMP Violations
The Supreme Court upheld Sebi's regulatory action against Kotak Mahindra Asset Management Company, its trustee company, and senior executives including MD Nilesh Shah for violations related to six Fixed Maturity Plan schemes. The court rejected the argument that investors profited, emphasizing that regulatory breaches cannot be excused. It imposed costs of Rs 30 lakh on Kotak AMC and Rs 20 lakh on Kotak Trustee Company.
Finance Kospi Plunges 7% into Bear Market as Strait of Hormuz Closure Sparks Global Sell-Off
South Korea's Kospi index fell 511 points to 6,964.76, a 7% decline, placing it in bear market territory 25% below June peak. The sell-off was triggered by Iran's claim of closing the Strait of Hormuz, pushing oil prices up more than 4%. Technology heavyweights SK Hynix and Samsung Electronics led losses, falling 10% and 6% respectively. Despite the correction, the Kospi remains the world's best-performing major index in 2026, up 63% year-to-date.
Finance SpaceX IPO: Historic Debut Fades as Shares Sink 35% From Peak in First Month
SpaceX's record-breaking IPO on 12 June 2026 saw shares surge to an intraday high of $225, surpassing Amazon and Microsoft in market value. However, by the end of its first month, shares had fallen to around $145, down 18% from the first-day high and 35% from the peak, driven by Starlink price cuts and broader tech selloffs. Analysts note early retail investors are now 'definitely underwater.'
Finance India Equity Mutual Fund Net Inflows Jump 26% in June, SIP Flows Hit Three-Month High
Net inflows into equity mutual funds in India surged 26% in June to nearly Rs 29,000 crore, with SIP gross flows hitting a three-month high of Rs 31,800 crore. Mid-cap and small-cap funds saw strong inflows, while debt categories recorded net outflows of Rs 1.1 lakh crore due to quarter-end corporate tax payments. Industry AUM rose marginally to Rs 82.2 lakh crore.
Finance Bloomberg Launches Electronic Trading System for Indian Government Bonds, Opening Market to Global Investors
Bloomberg has launched a new electronic trading system that allows global investors to buy and sell Indian government bonds more easily, completing its first fully-electronic trade. The system connects foreign portfolio investors to India's official bond platform NDS-OM through the Bloomberg Terminal, replacing manual processes and improving efficiency.
SK Hynix raises $26.5bn in record US share sale, tapping AI chip demand
SK Hynix raised $26.5bn in a New York share offering, the largest ever by a foreign firm in the US. The South Korean chipmaker, a key Nvidia supplier, sold 177.9 million American depositary shares at $149 each, with demand reportedly over seven times the available shares. The listing gives US investors direct access to the AI chip boom without trading overseas.
Finance Nilekani's Fundamentum Launches Rs 2,200 Crore Fund III for Growth-Stage Indian Tech
Fundamentum Partnership has launched its third fund with a target corpus of Rs 2,200 crore, including a Rs 400 crore greenshoe option. Co-founded by Infosys co-founder Nandan Nilekani and veteran investor Sanjeev Aggarwal, the fund will focus on growth-stage Indian technology companies, with initial cheques of Rs 100-150 crore. The firm reported a 26% gross IRR from Fund II and expects to make 8-10 investments from Fund III.
Business What NSE and Jio Platforms IPOs reveal about India's changing economy
India's National Stock Exchange (NSE) and Jio Platforms have filed for IPOs expected to raise a combined $7.3bn, marking a shift in the country's economic landscape. The listings highlight the financialisation of household savings and the digital revolution driven by Jio's cheap data tariffs.
Business OYO Parent Prism Files Updated IPO Papers for Rs 6,650 Crore Issue: Key Details
Prism, the parent company of OYO, has filed updated draft IPO papers with Sebi for a Rs 6,650 crore fresh issue, with no offer-for-sale. The company may also undertake a pre-IPO placement of up to Rs 1,330 crore. Proceeds will primarily repay borrowings, while improved financials and a rating upgrade support the offering.
Technology Taiwan's Unimicron targets $1.4 billion in global share sale at discounted price amid AI-driven chip demand
Taiwanese PCB substrate maker Unimicron is targeting $1.4 billion in a global share sale at a discounted price, driven by surging AI chip demand. The offering aims to capitalize on market momentum in the semiconductor supply chain.
Business Manipal Health Secures Sebi Approval for Rs 8,000-Crore IPO, Plans Debt Repayment
Manipal Health Enterprises has received Sebi approval for its Rs 8,000-crore initial public offering. The IPO includes a fresh issue of up to Rs 8,000 crore and an offer for sale of 4.3 crore shares. Proceeds will primarily repay borrowings of its subsidiary Manipal Hospitals and acquire minority stake in Sahyadri Hospital.
Finance Nuvama-Cushman & Wakefield Joint Venture Fund Raises ₹4,000 Crore for PRIME Offices Fund
Real estate fund NCW, a joint venture between Nuvama Asset Management and Cushman & Wakefield, has raised about ₹4,000 crore for its PRIME Offices Fund. The fund originally targeted ₹3,000 crore but was upsized due to strong investor demand. It has committed 45% of capital to office assets across major Indian cities.
Finance US stock market mixed: Dow up 0.3%, Nasdaq down 0.8% as AI stocks slide, per TOI report
The TOI Business Desk reported a mixed session on Wall Street: the Dow Jones Industrial Average rose 0.3% while the Nasdaq Composite fell 0.8%, attributed to a decline in AI stocks. The source article did not provide additional market details or context.
Finance Trump Rings NYSE, Nasdaq Opening Bells from Oval Office to Launch Trump Accounts for Children
President Donald Trump rang the opening bells of the New York Stock Exchange and Nasdaq from the Oval Office on Monday to launch Trump Accounts, a new investment programme for children created under the Republicans' 2025 tax and spending law. Treasury Secretary Scott Bessent noted that 38% of American families have no stock market exposure. The S&P 500 has posted strong gains in recent years, but inflation and cost-of-living concerns persist, with only 33% of US adults approving of Trump's handling of the economy.
Logistics Seanergy Maritime Launches €100m Bond on Euronext Athens for Dry Bulk Fleet Expansion
Nasdaq-listed capesize owner Seanergy Maritime has launched a €100m public bond offering on Euronext Athens, with proceeds earmarked for newbuilding payments and secondhand vessel acquisitions. The five-year bond aims to raise up to €100m, with net proceeds of about €95.6m. The company's fleet currently stands at 19 vessels, with seven newbuildings under construction. The move follows a broader trend of Greek shipping companies tapping local capital markets, including Safe Bulkers' dual listing on Euronext Athens.
Finance Sparrow Capital closes third fund at Rs 475 crore, targets larger cheques for startups
Sparrow Capital has closed its third venture capital fund at Rs 475 crore, with 60% of the corpus coming from global institutional investors. The Bengaluru-based firm will invest $1-2 million each in 25-30 startups over the next three years, a significant increase from its earlier cheque sizes. The fund's close comes as Indian early-stage funding sees larger average cheque sizes despite fewer rounds.
Finance FPIs' $5bn Bond Purchase Offsets Steady Equity Sales in June
Foreign portfolio investors (FPIs) recorded net inflows of $531 million in June, the first positive monthly print after months of sustained outflows. This was driven by a $5.8 billion surge in sovereign debt inflows, which offset continued equity selling of $5.2 billion during the month.
Finance Indian Brokers Plan GIFT City Route for US Stocks: How Groww, Zerodha, Angel One, Upstox, Dhan Will Ease Overseas Investing
India's largest discount brokerages – Groww, Zerodha, Angel One, Upstox, and Dhan – are setting up operations in GIFT City to offer overseas investing, making it easier for Indian investors to buy global stocks like Apple, Nvidia, and Tesla. The move widens access to international markets, with fractional investing allowing entry from as little as $1. Brokerage fees are around 25 bps, and forex conversion charges range from 1% to 1.5% per transaction. Investments under the RBI's Liberalised Remittance Scheme attract 20% TCS, but trades on GIFT City exchanges are exempt from Securities Transaction Tax.
Finance Chinese Investors Review Bond Portfolios as AAA Ratings Face Regulatory Scrutiny
Chinese domestic investors, including mutual funds and banks, are reviewing bond portfolios for downgrade risks after regulators tightened scrutiny of AAA-rated issuers. Over a quarter of China's nearly 6,000 bond issuers hold AAA ratings, compared to fewer than 1% in the US. At least 20 companies have withdrawn ratings, and analysts warn that downgrades could trigger selling and reduce collateral eligibility.
Finance Gokaldas Exports and Reliance Industries Top Buys for June 29, 2026 Week as Geopolitical Risks Loom
Motilal Oswal Wealth Management Research Desk has recommended Gokaldas Exports and Reliance Industries as buy stocks for the week starting June 29, 2026. Gokaldas Exports offers a 29% upside driven by robust export growth, while Reliance Industries targets a 26% gain backed by telecom, retail, and new energy momentum. Market sentiment will be shaped by US-Iran tensions, crude oil prices, and upcoming domestic macroeconomic data.
Finance Wall Street Outlook: Jobs Data, Fed Rate Bets to Test US Stock Rally After Strong First Half
The S&P 500 is on track for a 7% first-half gain, but June volatility and a pivotal jobs report could test the rally. Fed rate hike odds rise with inflation above 4%, while AI and semiconductor stocks remain volatile. Markets also monitor Middle East ceasefire impact on oil prices.
Finance India's Debt Market Not Equipped to Fund $7.3 Trillion Growth Target, Deloitte Warns
Deloitte's State of Financial Services in India report says the debt market is not equipped to finance the next growth phase, citing weaknesses in price discovery, risk differentiation, and offshore NDF trading. It proposes three structural reforms: deepening the market, making rates market-driven, and attracting global investors.
Finance Forex measures yield results: FPIs buy record $4.2 billion Indian government bonds in June; reserves may get a boost
Foreign portfolio investors (FPIs) invested a record $4.2 billion (Rs 39,640 crore) in Indian government bonds in June 2026, following measures by the government and RBI including capital gains tax exemption and wider access to longer-tenor bonds. The inflows are expected to support India's foreign exchange reserves, which stood at $672 billion as of June 12. The rupee recovered from a record low of 96.96 to 94.40, and the 10-year bond yield fell 20 basis points to 6.76%.
Finance RBI Proposes Sweeping Changes to Deepen Debt Markets, Open Term Money to Corporates
The Reserve Bank of India (RBI) has proposed comprehensive reforms to deepen debt markets, allowing corporate bodies to lend in the term money segment for the first time. The draft norms also introduce total return swaps in credit derivatives, raise primary dealers' borrowing limits, and extend trading hours. The changes mark a shift from the 2021 framework that restricted these markets largely to banks and primary dealers.
Finance Sebi Proposes Common Ad Code, Allows Celebrity Brand Endorsements for Mutual Funds
India's markets regulator Sebi has proposed a common advertisement code for all regulated entities, allowing individual mutual funds to use celebrity endorsements at the brand level. The new framework also shifts from pre-approval to post-reporting and introduces a unified technology-enabled platform for compliance.
Finance US Stocks Slide as IT Sell-Off Deepens; Nasdaq Falls Over 1.4%, Dow Jones Loses 197 Points
US stocks fell sharply on Tuesday, with the Nasdaq Composite dropping over 1.4% and the Dow Jones Industrial Average losing 197 points, as a broad sell-off in technology shares deepened. Concerns over heavy AI spending and rising interest rate expectations weighed on equities, with traders pricing in nearly a 90% chance of a rate hike by year-end. Global markets also declined, led by a 10% plunge in South Korea's Kospi.
Finance Indian Investors' FOMO Drives US Stock Market Inflows: Routes, Benefits, Risks Outlined
A Business Today report details the multiple routes for Indian investors to access the US stock market, including direct brokerage via LRS, domestic mutual funds, and the NSE IFSC at GIFT City. The article highlights the scale of the US market, fractional investing options, and the importance of understanding risks and tax implications.
Finance Bank of England Holds Interest Rates at 3.75% as Energy Uncertainty Persists
The Bank of England's Monetary Policy Committee voted 7-2 to hold interest rates at 3.75%, with Megan Greene and Huw Pill dissenting in favor of a 4% rate. Governor Andrew Bailey cited encouraging oil price drops but cautioned about inflationary pressure from high energy costs. Inflation remains at 2.8%, with expectations of a 3.25% peak later this year. The recent US-Iran peace deal may ease supply concerns through the Strait of Hormuz.
Finance Oaktree Files to Sell $103m in Torm Shares, Continuing Stake Reduction
US private equity firm Oaktree Capital Management has filed to sell 3.5 million class A shares in Torm, valued at about $103.2 million. The sale follows a series of reductions, including last year's $311.4 million block sale to Hafnia, and has triggered governance changes at the Nasdaq-listed product tanker owner.
Finance SEBI's Ease-of-Business Push: Consolidated Master Circular, Reduced Compliance Burden for Exchanges
SEBI has launched a comprehensive review of regulations for stock exchanges, clearing corporations, and commodity derivatives exchanges. Key proposals include a single consolidated master circular, a 50% reduction in circular size, and discontinuation of several reports. Stakeholder comments on the technology framework paper are invited until July 13, 2026.
Finance SpaceX Turns to Bond Market After Record IPO, Seeks Funds for AI and Starship
Elon Musk's SpaceX has issued its first bond following a record-breaking IPO that raised about $75 billion. The company holds over $100 billion in cash but posted a nearly $5 billion net loss from heavy spending on AI and Starship. Moody's and Fitch assigned investment-grade ratings. Shares fell sharply after the IPO.
Finance Young loss-making startups keep OFS portion lean as investor scrutiny grows
New-age loss-making startups are prioritizing large fresh issue components in their IPOs to fund growth, a shift from the 2021-22 cycle. Investors now prefer capital infusion for scaling and profitability over large shareholder exits. Companies like Zepto, Ola Electric, and PhysicsWallah exemplify this trend.
Finance Top Stocks to Buy This Week: SBI and Bharat Electronics Lead Motilal Oswal’s Picks for June 22, 2026
Motilal Oswal Wealth Management Research Desk has selected State Bank of India (SBI) and Bharat Electronics as top stocks for the week starting June 22, 2026. The recommendations come amid a holiday-shortened week with markets closed on Friday for Muharram. Equity markets will track US-Iran dialogue, crude oil prices, and foreign investor activity. The BSE Sensex gained 1.68% for the prior week.
Sebi eases share transfer for legal heirs, reintroduces open market buybacks
The Securities and Exchange Board of India (Sebi) has streamlined the process for transferring securities of deceased investors to legal heirs, eliminating the need for probate of wills and separate affidavits. The regulator also doubled small-value claim thresholds and reintroduced open market buybacks via the stock exchange mechanism. Additionally, Sebi eased intra-day borrowing for mutual funds and approved a new code of conduct for its employees.
Finance Jio IPO Risk Factors: Spectrum Renewals, AI Rules, Key Challenges in Draft Papers
Jio Platforms filed draft papers for a $4 billion IPO, flagging risks such as spectrum licence renewals, evolving AI regulations, cybersecurity threats, and intensifying competition. The company's unified telecom licence is due in 2033, and spectrum holdings expire in 2041-42.
Finance Sebi Clears SBI Mutual Fund IPO; ₹13,000 Crore Share Sale Expected Next Month
According to a Business Today report, the Securities and Exchange Board of India (Sebi) has cleared the initial public offering (IPO) of SBI Mutual Fund. The ₹13,000 crore share sale is likely to be launched next month, marking a significant milestone for the mutual fund industry.
Finance India Mutual Fund Equity Inflows Plunge 40% in May as US-Iran War Sparks Panic; SIPs Hold Above Rs 30,000 Crore
Net equity inflows into Indian mutual funds plunged to Rs 22,908 crore in May 2026, a 12-month low and a 40% drop from April, as the US-Iran war fueled market volatility. Lumpsum investments suffered, but SIP contributions held above Rs 30,000 crore for the third consecutive month. Debt mutual funds saw massive outflows of Rs 96,949 crore, while gold ETFs recorded their first monthly outflow in 13 months.
Finance Sebi brings back stock exchange buybacks, clears faster fundraising route for AIFs
The Securities and Exchange Board of India (Sebi) has reinstated stock exchange buybacks and cleared a faster fundraising mechanism for alternative investment funds (AIFs), according to a report by the TOI Business Desk in The Times of India. The article also includes links to various financial calculators.
Finance Jio Platforms IPO Announced at Reliance AGM; DRHP to Be Filed with SEBI Today
Mukesh Ambani announced at Reliance Industries' 49th AGM that Jio Platforms has approved its DRHP for an IPO, to be filed with SEBI. The IPO comprises a fresh issue of up to 27 crore equity shares, expected to be India's largest public issue, with funds raised directly by the company. The listing could unlock significant value, with analysts estimating a valuation of ₹8-10 lakh crore.
Finance Spacex Shares Slide Over 6% as Post-IPO Euphoria Fades; Valuation Drops $150 Billion
SpaceX shares fell more than 6% on Thursday, trading at $178.50, as the post-IPO rally lost momentum. The stock remained over 30% above its $135 IPO price but has now declined nearly 11% from its peak. The slide reduced SpaceX‘s valuation by over $150 billion, and the broader space sector also weakened. Analysts attributed the decline to profit-taking and the stock’s small public float.
Finance Asian Stock Markets End Mixed as Kospi and Nikkei Hit Record Highs; European Indices Trade Negative
Asian stock market indices ended on a mixed note with South Korea's Kospi jumping 2.2% to a record closing high of 9,064 and Japan's Nikkei 225 climbing 1.6% to an all-time closing high of 71,053. In contrast, Hong Kong's Hang Seng Index declined 1.6% and China's Shanghai Composite slipped 0.4%. Major European indices were trading negative, with London's FTSE 100 sliding over 1% while France's CAC 40 and Germany's DAX remained flat.
Finance NSE Files for Rs 30,000 Crore IPO, Poised to Become India's Largest Public Debut
The National Stock Exchange of India has filed a draft red herring prospectus for an IPO of up to 148,905,525 equity shares, estimated at Rs 30,000 crore. If completed, it will surpass Hyundai Motor India's Rs 27,859 crore IPO to become the country's largest market debut. The issue is a pure offer-for-sale, with State Bank of India as the largest selling shareholder.
Finance NSE flags regulatory, tech and AI risks in IPO filing as derivatives revenue dominates
The National Stock Exchange has filed draft IPO papers with Sebi, disclosing heavy dependence on derivatives for revenue and a wide range of risks including regulatory changes, technology failures, cyberattacks, and artificial intelligence-related challenges. The exchange warned that recent Sebi measures to tighten equity derivatives have already moderated trading activity.
Finance Kevin Warsh-led FOMC Keeps Rates Unchanged, Projects Hike by Year-End, Raises Inflation Forecast
The Federal Reserve, under new chair Kevin Warsh, kept its benchmark interest rate unchanged in the 3.5% to 3.75% range. The Summary of Economic Projections showed 18 of 19 officials expect at least one rate increase by year-end, while the central bank raised its inflation forecast, projecting PCE inflation at 3.6% by end-2026. Inflation currently stands at 4.2%, a three-year high, driven by fuel costs.