Market regulator Sebi on Friday approved a raft of proposals, including the reintroduction of open market share buybacks through stock exchanges, relaxation of intra-day borrowing norms for mutual funds and a faster fundraising mechanism for alternative investment funds (AIFs), PTI reported.The decisions were taken at the regulator’s board meeting, which also cleared measures to simplify…
India’s foreign exchange reserves recorded their steepest weekly decline in months, falling by $9.985 billion to $671.625 billion in the week ended June 12, mainly due to a sharp drop in gold reserves, according to RBI data released on Friday.The country’s forex reserves had declined by $711 million in the previous reporting week to $681.610…
A sharp selloff in information technology stocks, triggered by Accenture’s weaker growth outlook, and fresh geopolitical concerns ended the market’s five-session winning streak on Friday, dragging benchmark indices lower.The BSE Sensex fell 607.08 points, or 0.78%, to close at 76,802.90, while the NSE Nifty declined 154.90 points, or 0.64%, to settle at 24,013.10.During the day,…
Experts warn against panic selling, emphasizing the need to maintain investment discipline. (AI image) The US-Iran war has not just hit portfolios of Indian investors, it has also led to record outflows, and fewer inflows in equities. One big sign of the impact of the ongoing uncertainty has been a jarring figure from May 2026…
India’s KL Rahul (AP Photo) With the ODI series already secured after victories in the first two matches against Afghanistan, India have used the opportunity to test different combinations and assess players outside their established core group.The absence of senior figures Virat Kohli, Hardik Pandya and Jasprit Bumrah has allowed the team management to experiment,…
NEW DELHI: Ivory Coast striker Elye Wahi has been cleared to travel to Canada for his country’s World Cup match against Germany despite being under investigation in France for alleged betting-related offenses.The Ivorian Football Federation (FIF) had earlier said the 23-year-old would not be able to travel to Canada, but confirmed on Thursday that the…
Private sector banks led a broad-based deterioration in data reporting quality in the March 2026 quarter, as the latest round of the Supervisory Data Quality Index (sDQI) showed a marked decline in their scores compared with the previous quarter.The sDQI, a quarterly metric compiled by the Reserve Bank of India, tracks the quality of regulatory…
India has launched an anti-dumping investigation into imports of Resorcinol, a key chemical used in tyres, rubber products and industrial applications, from China and Japan following allegations that low-priced shipments are hurting domestic manufacturers, PTI reported.The probe was initiated by the Directorate General of Trade Remedies (DGTR) after a complaint filed by Atul Ltd, which…
A sharp selloff in technology stocks weighed on sentiment. Fresh geopolitical concerns also added to the cautious mood in the market. (AI image) Stock market breaks winning streak: Indian equity benchmark equity indices, BSE Sensex and Nifty50, snapped their five-session winning streak on Friday, with the Sensex shedding 607 points and the Nifty settling at…
Iran football team (Image: X) The Football Federation Islamic Republic of Iran (FFIRI) is preparing to submit a formal complaint to FIFA, alleging that travel restrictions imposed during the FIFA World Cup 2026 have placed the national team at a significant disadvantage compared to other participating nations. Iranian officials believe the measures have disrupted the…