FinSiddhi – Page 1762

Citi has joined London’s over-the-counter gold market clearing network, becoming the fifth bank to do so. This significant move expands the bullion trade’s settlement infrastructure, which handles approximately $160 billion in daily transactions. Citi’s entry, the first in a decade, signals progress in making the market more accessible. The bank will now offer Loco London…

Business News

Sebi aims to ease shorting by nearly doubling stocks eligible for borrowing: Report

FinSiddhiJuly 6, 2026

India’s market regulator is set to nearly double the number of stocks available for short selling, aiming to invigorate the cash market and steer investors from riskier derivatives. Collateral requirements are also slated for reduction. These moves follow past tightening of rules and seek to include more liquid shares, with final details expected by year-end.

Business News

Raymond shares rise 4% after former BEL chief joins defence business

FinSiddhiJuly 6, 2026

Raymond shares rose nearly 4% after the company appointed former Bharat Electronics Chairman and Managing Director Bhanu Prakash Srivastava as CEO of its defence business. The company expects his nearly four decades of experience in defence technologies and programme execution to strengthen its expansion into defence electronics, systems integration, aerospace and related engineering businesses.

Business News

Why did market rise today? Sensex gains 520 points, Nifty closes above 24,400. 6 key factors

FinSiddhiJuly 6, 2026

Indian stock markets surged for a fourth straight day, driven by renewed monsoon hopes following heavy rainfall and a return of foreign institutional investors as net buyers. Key indices Sensex and Nifty saw significant gains, boosting market capitalization. Positive sentiment was further fueled by easing geopolitical tensions and falling oil prices, with heavyweight stocks leading…

Business News