IDBI Bank disinvestment: DIPAM clarifies bidding process and valuation methodology
DIPAM explains IDBI Bank's second bidding round, valuation methodology and tax indemnity, saying Fairfax's Rs 81 per share offer exceeded benchmark fair value.
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G-Sec 10-year yields come down 5 bps to 7.39% on Fed signals
The yield on 10-year benchmark government bonds decreased to 7.39% on Thursday, marking the largest fall since July. US Treasury yields eased following comments from the Federal Reserve indicating a less hawkish stance. Oil prices declined modestly, contributing to the drop in bond yields. Forecasts…
Kotak Bank shares gain 30% since April as earnings outlook brightens
Kotak Mahindra Bank shares experienced a significant rise, reaching a record high as growth prospects improved. The stock has shown a substantial increase of nearly 30% since April. Analysts anticipate stronger earnings attributed to various financial factors such as credit growth and higher lending…
Amazon shares fall 6% as AI spending and slower e-commerce growth worry investors
Amazon shares fall 6% as AI spending tops $77 billion in the quarter, e-commerce growth slows and free cash outflow reaches $42.4 billion.
India Post and UTI Mutual Fund expand doorstep KYC verification services
India Post and UTI Mutual Fund expand doorstep KYC verification services to improve investor access, particularly in remote and underserved areas across India.
Global emerging market funds invest record $42.4 billion in Brazil stocks
Global emerging market funds held a record $42.4 billion in Brazil stocks, with nearly three-fourths overweight the country despite election-related volatility.
Intel shares plunge 21% as fourth-quarter revenue forecast misses estimates
Intel shares plunge 21% after its fourth-quarter revenue forecast misses estimates, as weak PC demand and supply-chain issues weigh on its outlook.
Health insurers seek expense cap tweaks
Standalone health insurers have requested that mandatory insurance products be excluded from expense-of-management calculations. They argue that including these products creates an imbalance for their business model. The Insurance Regulatory and Development Authority of India is considering changes…
West Asia conflict drives 15-20% rise in corporate working-capital demand at banks
Working-capital demand from banks has increased significantly due to the ongoing conflict in West Asia. Higher raw-material costs and elongated shipping timelines have led to greater funding needs for corporates. Mid- and large-sized companies reported a 12-20% increase in working-capital requiremen…
Fintechs to lay out a code for technology vendors amid rising cyberthreats and security risks
Unified Fintech Forum is developing a framework to encourage best practices among technology service providers. This initiative aims to improve cybersecurity preparedness and operational resilience in the fintech sector. Banks and fintech companies increasingly rely on third-party vendors for variou…
Unauthorised cross-border crypto transfers: Why ED searched Mudrex and Instadapp; what is the case?
An ED investigation into alleged foreign exchange violations involving crypto transfers above ₹4,900 crore has brought Mudrex and Instadapp under scrutiny.
World’s No. 2 Gold Miner Says Diesel Risks Driving Up 2027 Costs
Agnico Eagle Mines Ltd. warned that rising diesel prices risk raising the cost of producing gold by as much as $80 per ounce next year, signaling mounting inflationary pressures for the mining industry.