The Securities and Exchange Board of India (SEBI) has mandated significant changes to key financial indices like the Bank Nifty, aiming to actively reduce concentration risk. The new norms require a minimum of 14 stocks in the index, ensuring greater diversification. Crucially, the weight of the single largest stock is now capped at 20% (down…
The MCX Gold Price Today saw a decisive decline on Friday, effectively ending its nine-week rally. The December futures contract dropped 0.44%, settling at ₹123,552 per 10 grams. This downturn is primarily attributed to significant investor profit-booking following the precious metal’s recent record highs (mcxindia.com). The selling pressure was amplified by a stronger US dollar…
Eyewear unicorn Lenskart has successfully secured approximately ₹90 crore in a key pre-IPO funding round from billionaire investor Radhakishan Damani. This strategic move, which involved the sale of shares from a promoter’s stake at the IPO’s upper price band of ₹402, provides a major confidence boost for the IPO. The public offer, valued at ₹7,278…
Senior citizen FD rates now climb up to 8.15% at twelve Indian banks, marking highly attractive returns for retirees. Utkarsh Small Finance Bank leads the market with an 8.15% offer for 2–3 year tenors. ESAF and Suryoday Small Finance Bank closely follow, listing 8.10% on select fixed deposit tenors (rates as of Oct 22, 2025,…
WazirX is set to resume trading on October 24, 2025, following a Singapore High Court-approved restructuring after the massive $234 million hack in July 2024. To incentivize users, the platform will offer 0% trading fees under a ‘Restart Offer’ across selected crypto-to-crypto pairs and the vital USDT/INR pair. The relaunch, which ends a 16-month suspension,…
Federal Bank has approved a major capital infusion, selling special shares (warrants) worth ₹6,196.51 crore to the massive US investment firm, Blackstone Group. Each warrant is priced at ₹227. If converted later, this deal grants Blackstone a significant 9.99% stake in the private bank, one of the largest foreign investments in an Indian bank this…
India’s foreign exchange reserves have officially surpassed the significant $700 billion milestone, rising by $4.5 billion to reach $702.28 billion for the week ending October 17, 2025, according to the Reserve Bank of India (RBI). This milestone was primarily driven by a massive $6.18 billion surge in gold reserves, which now stand at $108.55 billion….
