On Monday, PSU bank stocks—including SBI—saw gains of up to 3% following a government directive urging them to monetize subsidiaries and JVs through IPOs or strategic sales. Around 15 such entities are in preparation for market listing over the next few quarters, aiming to unlock equity value, improve governance, and enhance returns on public assets. […]
As of June 30, 2025, the Indian rupee surged ~1.3% last week, rebounding to approximately ₹85.48 per USD—its strongest weekly performance in over two years. The upswing was driven by declining crude prices, a softer U.S. dollar, and weak U.S. consumer spending data that strengthened expectations for Fed rate cuts in September. Locally, 10-year yields
India’s NBFC sector is gearing up for a massive IPO wave, targeting ₹30,000 crore+ in fresh capital. Riding on supportive regulations, lower interest rates, and a strengthening credit cycle, NBFCs are looking to bolster their capital base and fund expansion. The uptick in IPO activity coincides with buoyant equity markets—indices are hovering near nine-month highs—offering attractive
During her visit to Gandhinagar’s GIFT City, Union Finance Minister Nirmala Sitharaman called for rapid reforms to elevate India’s International Financial Services Centre into a globally competitive hub. She stressed using India’s tech prowess and large domestic market to draw foreign capital, sovereign/pension funds, HNWIs, and strengthen the India International Bullion Exchange (IIBX). Regulatory and
Here’s the latest on JSW Steel’s review petition over the Bhushan Power & Steel deal: ⚖️ What’s happening? 📰 Today’s development: 📌 Who else is involved? 🔍 Why it matters: Concern Note Finality of IBC resolutions This case challenges whether once executed, resolution plans can later be invalidated—raising uncertainty for future bidders. Market confidence Legal
The e₹ (Digital Rupee), India’s central bank digital currency, is steadily gaining ground with retail and wholesale pilots in major cities and banks. Designed with both account-based and token-based models, it enables offline and online transactions, featuring programmable features that could revolutionize direct benefit transfers, merchant payments, and subsidy distribution—all while reducing physical cash-handling costs.
According to the latest HSBC Flash PMI, India’s private sector activity rose to 61.0 in June—up from 59.3 in May—marking the fastest expansion in 14 months. Both manufacturing (58.4) and services (60.7) saw strong growth, fueled by robust domestic demand and record-breaking export orders, the highest since 2014. This growth spurred hiring, with manufacturing jobs
The RBI’s recent inclusion of state debt into the Separate Trading of Registered Interest and Principal of Securities (STRIPS) program comes with a new caveat: a 14-year residual maturity cap. Life insurers, who rely on ultra-long bonds for matching long-term liabilities, warn that this limit may severely restrict their appetite for these instruments, reducing market
Geopolitical instability triggered by the U.S. strike on Iran’s nuclear site has put pressure on India’s economy—Oil prices spiked nearly 4%, driving down the rupee to 86.59 per USD and squeezing bond yields—Indian 10-year government bond yields hovered around 6.31%. Rising crude import costs may widen the current account deficit and fuel inflation. Markets are
Despite the market’s choppy opening, analysts have identified key short-term trading opportunities in stocks like BPCL, Maruti Suzuki, and Axis Bank. These companies have shown strong technical signals for upward movement, supported by positive volume action and sectoral trends. Intraday traders and momentum investors are advised to look for precise entry and stop-loss levels as
