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Every trading day ends with a single number: the closing price. It looks innocuous. It is anything but. That number determines mutual fund NAVs, influences the Nifty and Sensex, and settles expiry-day derivatives. If the closing price is distorted, the consequences do not end with traders. They travel quietly through the financial system. On August…
99.97% haircut? How the scissors worked in the Subhash Chandra case NCLT has approved a resolution plan allowing Zee founder Subhash Chandra to pay about ₹6.5 crore against ₹22,006.57 crore in admitted claims in insolvency case. The 99.97% haircut has sparked controversy, but the claims relate to his role as a personal guarantor, not personal…
India’s residential real estate market is undergoing a structural shift, with developers increasingly focusing on premium and luxury housing while the share of affordable homes in new launches continues to decline, according to CareEdge Ratings. The shift comes even as overall housing sales across India’s top cities moderated in the first quarter of 2026, with…
Following US Fed Chairman Kevin Warsh’s speech at the Jackson Hole Symposium, traders have sharply increased their bets on a rate hike, with the probability of a hike now at 57%, up from 30% before his speech in Wyoming, according to official CME FedWatch data. The shift in expectations extends beyond the September meeting. For…
99.97% haircut? How the scissors worked in the Subhash Chandra case NCLT has approved a resolution plan allowing Zee founder Subhash Chandra to pay about ₹6.5 crore against ₹22,006.57 crore in admitted claims in insolvency case. The 99.97% haircut has sparked controversy, but the claims relate to his role as a personal guarantor, not personal…
Bitcoin was once conceived as a way to escape the financial system. Increasingly, some of its biggest holders are choosing to move deeper inside it. Wall Street is making it cheaper and easier for investors to swap large crypto holdings for shares in exchange-traded funds, allowing them to retain exposure to Bitcoin while moving their…
The Indian stock market closed higher on Friday as a sharp surge in heavyweight IT stocks helped the market record gains after a two-day losing streak. Sensex gained 331 points to close at 77,264 while Nifty 50 rose around 85 points to end the session at around 24,176 on Friday. The broader markets also closed…
India’s IPO market may be headed for its biggest month of the year, with investment banking sources expecting companies to raise as much as Rs 70,000 crore in September if one of the two mega issues, Jio Platforms or NSE, hits the market. More than 25 IPOs are expected to be launched during the month,…
CNG prices will come down after US-Iran situation normalises: BJP spokesperson Shahnawaz Hussain In Delhi, the cost of CNG has gone up by Rs 3.89 per kg, reflecting a response to rising import costs and geopolitical uncertainties on a global scale. Significant unrest in West Asia has disrupted vital shipping lanes for natural gas. Nonetheless,…
India’s primary market is set for another busy week, with 11 mainboard companies lined up for IPO-related activity between August 31 and September 4. Three companies are scheduled to launch their public issues, seeking to raise a combined Rs 1,264.72 crore, while eight companies have listing dates in the pipeline for the week. Of the…