ICICI Prudential AMC Makes History With 18 Bankers for ₹10,000 Crore IPO
In a landmark move, ICICI Prudential Asset Management Company (AMC) has appointed a record 18 merchant bankers for its upcoming ₹10,000 crore IPO. This marks the first-ever mutual fund IPO…
SEBI’s Ban on Jane Street May Hold for Now, Say Legal Experts
Global high-frequency trading giant Jane Street, recently banned by SEBI from trading in Indian securities, may face a long legal road ahead before seeing any relief. According to legal experts,…
Govt Pushes Large NBFCs to Become Banks Under 2047 Vision
In a strategic push to strengthen India’s banking sector, the government is nudging large Non-Banking Financial Companies (NBFCs) to convert into banks. The move comes as part of India’s long-term…
SIDBI Posts Strong FY25 Results: Profit Rises to ₹4,811 Crore with Cleanest Loan Book in the Sector
In a standout performance among Indian financial institutions, the Small Industries Development Bank of India (SIDBI) has reported a net profit of ₹4,811 crore for the financial year 2024-25. What…
US Futures Tick Up Ahead of Trump Tariff Call, FOMC Minutes; Nasdaq, Dow Hint at Mild Gains
S&P 500, Nasdaq Futures Rise on July 9 as Market Eyes Trump’s Tariff Call and Fed Rate Path Clarity from FOMC Minutes US index futures ticked higher on Tuesday, July…
IndianOil-Adani Gas JV to Raise Rs.1,378 Cr via CCDs—Biggest Deal Since ATL’s March Issue
Joint venture eyes four-tranche CCD issue amid rising investor interest in hybrid structures; SBI Capital Markets to arrange the ₹1,378 Cr deal. IndianOil-Adani Gas Pvt Ltd, a joint venture between…
Nifty Metal Slumps 2% on Vedanta Short Report, Trump Tariff Jitters
Viceroy Research’s damning report on Vedanta Resources and Trump's 50% copper tariff plan trigger sharp selloff in metal stocks; Hindalco, Tata Steel, Vedanta among key losers. The Nifty Metal index…
Dixon Tech, Kaynes, Syrma SGS Rally on JPMorgan’s ‘Sunrise’ EMS Sector’s
JPMorgan initiates bullish coverage on India's EMS space; shares of Dixon, Kaynes, and Syrma SGS surge up to 8% on July 9 amid strong earnings growth outlook and Make in…
Tesla Soothes Indian Suppliers Amid Trump Tariff Threat; Auto Parts Stocks in Focus
Elon Musk’s Tesla assures Indian suppliers of unchanged procurement strategy despite Donald Trump’s looming tariff policy, providing relief to component makers like Sona BLW and Motherson Sumi. Tesla Inc. has…
Jane Street Hit with Rs. 4,800 Cr Penalty—No Relief Yet for Indian Investors
SEBI’s ₹4,800 crore disgorgement from Jane Street over alleged market manipulation won’t benefit affected retail traders due to the lack of a restitution framework in India. Indian retail investors hit…
