Latest Financial News & Market Updates
- 57th GST Council Meeting Live Updates: Union Finance Minister Nirmala Sitharaman will chair the 57th GST Council meeting in New Delhi on October 8 to discuss tax rates, compliance, and business reforms.
- Trade ministers who met at the Milwaukee venue agreed to create dedicated sectoral platforms covering autos, EVs, batteries, chemicals, semiconductors and solar panels.
- India’s real interest rate has fallen sharply as inflation picks up, leaving it close to negative territory despite the RBI’s first rate hike in more than three years. With price pressures expected to persist, the real policy rate could slip below zero in the near term.
- Former Chief Economic Adviser K Subramanian says India’s next phase of growth will depend on reforms that help manufacturers achieve scale, reduce business costs and improve access to finance. He also sees human capital becoming increasingly important with AI. For reforms to succeed, he says political leaders must have conviction and clearly explain their need […]
- The Reserve Bank of India (RBI) on Wednesday said it will conduct a 29day variable rate reverse repo (VRRR) auction for a notified amount of Rs 2 lakh crore on October 8 to absorb surplus liquidity from the banking system.
- Economists expect the Reserve Bank of India’s shift to a “Calibrated Tightening” stance to keep the focus on further rate increases, with the repo rate potentially reaching 6%. But the policy outlook will also depend on inflation, liquidity conditions, bond yields, capital flows and the rupee, with experts divided over how quickly the central bank […]
- Following the Reserve Bank of India raising the repo rate to 5.50 percent, banks including Bank of Baroda and Bank of India have increased their lending rates by 25 basis points.
- SBI Chairman CS Setty said banks may see some relief over the next two to three quarters as higher policy rates feed through to EBLR-linked loans. He expects adequate system liquidity to limit near-term pressure on deposit rates, while inflation will remain key to credit demand. Setty also discussed asset quality, account aggregator interoperability and […]
- Rajiv Kumar, former Vice Chairman of Niti Aayog, said India's next phase of growth will depend on creating a more supportive environment for businesses to invest. He called for lower regulatory and compliance burdens, predictable policies and stronger Centre-state cooperation, while warning that higher interest rates could weigh on consumption, investment and smaller businesses in […]
- Indian households are feeling the heat from rising prices, with their perception of inflation and expectations for the months ahead climbing sharply in September. The RBI survey comes as the central bank turns more hawkish amid signs that price pressures are broadening.
- Sensex Today | Stock Market LIVE Updates: There does not seem to be any respite yet, as markets trade under pressure again. The Nifty is down to 22,500 with a fall of about 100 points. The Nifty Bank is down 150 points, falling further away from 55,000. ITC, Bajaj Finserv and SBI Life are the […]
- Info Edge's recruitment solutions business reported billings of ₹613.8 crore, up 12.6% YoY from ₹545 crore in the year-ago quarter. After adjusting for the timing of customer renewals, underlying recruitment growth was estimated at around 14-15% YoY.
- Nomura now expects PB Fintech's Cash Flow to grow at a Compounded Annual Growth Rate (CAGR) of 13.2% compared to the earlier projection of 15.1% over financial year 2026-2030.
- Maharashtra Seamless shares are in focus as its board approved demerging operations into MSL Seamless Tubes Ltd and United Seamless Ltd, pending regulatory and shareholder approvals.
- The company opened 88 new Domino’s stores in India during the quarter, taking its expansion momentum further. On a two-year compounded annual growth rate (CAGR) basis, LFL growth stood at 6.5%, in line with the company’s guidance of 5-7%.
- Matt Orton, Chief Market Strategist at Raymond James Investment says higher yields and FII outflows are challenging markets, while favouring selective opportunities in M&M, Eicher Motors, Nykaa and Adani Ports.
- On asset quality, Muthoot Microfin's collection efficiency stood at 98.11%, improving 477 basis points from Q2FY26. Collection efficiency excluding advances stood at 99.9%, the company said.
- Same Store Sales Growth (SSSG) for Senco grew by 19% from last year during the September quarter, while diamond jewellery sales value grew by 40% from last year. In volume terms, the growth stood at 7%.
- The Indian rupee opened at 96.68 against the US dollar, recovering slightly after slipping amid RBI rate hike concerns and surging crude oil prices.
- ITC does not have any promoter shareholding and all of the equity is held with public shareholders.