Indian equities are likely to begin Friday’s session on a cautious note, with benchmark indices expected to open slightly higher after breaking a prolonged losing streak in the previous session. GIFT Nifty futures were at 24,311.50 at 7:52 am, pointing to a mildly positive opening for the Nifty 50, which closed at 24,231.85 on Thursday….
Prop traders made Rs 44,000cr in F&O, retail traders lost Rs 72,000cr in FY26, says Sebi MUMBAI: Large institutions and proprietary traders continued to make a killing in the derivatives segment of the market during FY26. At the same time, it was retail traders who lost heavily during the fiscal, a Sebi study of F&O…
HDFC Bank raises record $1.8 bn via dollar bond issue MUMBAI: HDFC Bank has raised $1.75 billion through a dual-tranche dollar bond issue from its GIFT City branch to fund overseas lending and general banking operations.The issue comprises $500 million of three-year notes at 5.15% and $1.25 billion of five-year notes at 5.4%, settling Aug…
Noel Tata kicks off Tata Sons succession search MUMBAI: Tata Trusts chairman Noel Tata is understood to have informally kicked off the search process for Tata Sons’ eighth chairman, meeting former HDFC chairman Deepak Parekh at the Taj Wellington Mews Residences in Mumbai on Wednesday, according to people aware of the meeting.The meeting, which also…
US-Iran war hits Indian carriers harder as international passenger traffic falls 26% NEW DELHI: The US-Iran war’s impact on international air travel globally has, from an Indian perspective, hit homegrown carriers harder than foreign ones.While people flying in and out of India fell 10.5% to 1.7 crore during April-June, the traditional peak summer quarter, Indian…
Sugar imports open after decade as govt moves to check price surge NEW DELHI: Govt Thursday allowed the import of 10 lakh tonnes of raw sugar, the first such move in a decade, as it stared at a possible decline of at least 20% in the opening stock of the sweetener.The move came soon after…
The bond market remains at the heart of the recent market turbulence. US stock market today: Wall Street benchmarks retreated on Thursday as a rise in oil prices renewed concerns about inflation and pushed bond yields higher. This reversed some of the relief that followed the US Treasury Department’s announcement a day earlier. The US…
Domestic solar cell supply shortage short term, market set to realign soon India’s shortage of domestically made solar cells is expected to ease as manufacturers increase production to meet local-content rules, industry players have said. At present, the country has around 32 GW of solar cell manufacturing capacity and is expected to rise to around…
The move could also help broaden the international use of the rupee. In a bid to push for greater adoption of rupee for trade settlement purposes, the government on Thursday revised parts of the Foreign Trade Policy to give exporters greater flexibility to invoice overseas transactions and receive export proceeds in Indian rupees.The changes apply…
Alongside the import decision, the government has introduced tighter restrictions on sugar inventories held by large consumers. India has allowed duty-free imports of 1 million metric tons of raw sugar until October 31, the commerce ministry said on Thursday, as the government moves to boost domestic supplies and contain record prices ahead of the country’s…
