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Mumbai: Indian stocks and the rupee tumbled on Wednesday as the US launched fresh strikes on Iran, with President Donald Trump declaring that the Gulf war ceasefire was over, sending oil prices surging and triggering a broad market sell-off. India’s Volatility Index, the street’s fear measure, soared 26% on Wednesday, the highest single-day jump since…
ET Intelligence Group: Laser Power & Infra, a manufacturer of power cables and conductors, plans to raise ₹542 crore through a fresh issue to repay debt and ₹200 crore through an offer for sale. The promoter stake will fall to 75.3% after the IPO from 100%. The company is expected to benefit from increasing demand…
After losing roughly $1 trillion in market value in less than two months, Nvidia Corp’s stock is the cheapest it’s been since before the AI boom kicked off and sent the shares into the stratosphere. The chipmaker’s graphics processing units, or GPUs, still dominate the artificial intelligence data center market. But the stock has tumbled…
Women investors accounted for over 13% of crypto futures traders and their average leverage remained lower than that of male traders, according to a release by Giottus analysing its 1.3-million-strong customer base during the September 2025-May 2026 period. The release further said that women traders also showed a stronger preference for XRP, Bitcoin, and gold-linked…
Markets regulator Sebi has replaced the existing US dollar-denominated registration fee for Foreign Portfolio Investors (FPIs) and Foreign Venture Capital Investors (FVCIs) with a rupee-denominated fee structure. To implement the change, the Securities and Exchange Board of India (Sebi) has amended the rules governing FPIs. The revised provisions will come into effect after six months,…
SBI Funds Management, a subsidiary of State Bank of India, has filed its red herring prospectus with the Registrar of Companies for its proposed initial public offering. The IPO will open for public subscription on July 14 and close on July 16. Anchor investors will be able to place bids on July 13, one working…
The S&P 500 ended lower on Wednesday after U.S. President Donald Trump said an interim deal aimed at ending the war with Iran was “over,” while Broadcom led gains among recently battered chip stocks. Speaking at a NATO summit in Turkey, Trump said he had no interest in further talks with Iran and warned that…
Public Provident Fund (PPF) is a long-term savings scheme with a 15-year lock-in period and attractive features such as tax advantages on investments, interest earnings, maturity proceeds, and a decent interest rate of 7.1% per annum. However, account holders are required to make at least one contribution every financial year to keep the account active….
Despite improved repayment behaviour and positive trends supporting consumer lending, credit card penetration in India is low compared to many other developing countries. India has 5.2 crore credit cardholders, which is just 25% of the overall credit-active population of about 25 crore, Bhavesh Jain, TransUnion CIBIL MD and CEO said, adding that developed and developing…
The possibility of a major salary hike under the 8th Pay Commission has generated interest among central government employees and pensioners. There are expectations in some corners of a possible 60% hike in payments, once the recommendations of the 8th Pay Commission are implemented. The projected increase is not driven solely by how high the…