Category: Business News & Economy

New Reserve Bank of India norms will prevent lenders from reselling acquired assets to defaulting borrowers. These prudential rules apply to banks, small finance banks, and NBFCs starting October 2026. Specified non-financial assets are those obtained when resolving stressed loans from borrowers. Lenders must establish board-approved policies for acquiring and disposing of these assets. These…

The QIP, which opened on Wednesday, drew interest from several marquee domestic mutual funds and foreign institutional investors, the people cited above said. The company launched the issue at a floor price of Rs 1,169.70 per share, 10% lower than its share price of Rs 1,298 on Wednesday.

SpaceX shares have fallen below their initial public offering price, signaling potential future volatility. Insider restrictions are set to lift soon, which could increase available trading shares. This event may impact the company’s market valuation significantly in the coming months. Analysts remain largely positive, recommending buys despite the recent stock decline. The company’s future performance…

U.S. stocks slipped as chipmakers dragged the Nasdaq and S&P 500 lower despite solid economic data and strong earnings expectations. Semiconductor weakness offset gains in healthcare, while rising oil prices and escalating U.S.-Iran tensions added pressure. Investors remain cautious amid volatility, even as retail sales and labor data signal underlying economic resilience.

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Dallas Fed President Lorie Logan signaled support for higher interest rates, warning inflation remains above target and policy is not restrictive enough. She flagged risks from strong demand, AI investment and Middle East tensions, indicating growing divisions within the Federal Reserve ahead of its July meeting on the policy path.

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Wall Street’s AI trade is expanding beyond chipmakers to power producers, grid builders and equipment suppliers as surging data-centre electricity demand drives investment. Companies spanning nuclear power, grid infrastructure and cooling systems are emerging as key AI beneficiaries despite valuation and execution risks.

Indian equities ended subdued amid geopolitical concerns, volatile crude prices and weak Asian cues. Analysts recommend Chennai Petroleum and ABB India after strong technical breakouts, supported by rising volumes, bullish price structures and trading above key moving averages, indicating sustained upside potential.

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