Citigroup has denied a Bloomberg report suggesting it was considering acquiring a U.S. regional bank, stating the speculation is "baseless." The bank emphasized its sole focus remains on organic growth and executing its ongoing transformation strategy. This denial comes as Citigroup works to complete regulatory compliance and improve profitability.
Securities and Exchange Board of India approved IPOs of six companies, including Vishvaraj Environment and SAEL Industries. Firms span sectors like renewable energy, chemicals and SaaS, while Jindal Supreme withdrew its draft papers, reflecting active primary market momentum.
The Centre is planning to mobilise Rs 8 lakh crore through dated securities during the April-September period of 2026-27 to fund the revenue gap, the finance ministry said on Friday.
The Reserve Bank of India (RBI) on Friday mandated the use of Legal Entity Identifier (LEI) and Unique Transaction Identifier (UTI) for transactions in financial markets.
Bitcoin hovers near $66,510 amid geopolitical tensions and a $14 billion options expiry, driving short-term volatility. Analysts see no trend reversal, with bullish cues targeting $75,000 once pressure eases, while broader market structure remains stable despite recent declines across major cryptocurrencies.
PSU bank stocks slumped sharply, with the index falling 16% over a month and individual stocks plunging up to 20% amid geopolitical tensions and weak macro cues. A broader market selloff wiped Rs 8 lakh crore in investor wealth, while a falling rupee and global uncertainty weighed heavily on sentiment.
Indian drug makers are launching affordable generic Semaglutide, the active ingredient in popular weight-loss drugs. Sun Pharma, Lupin, and Torrent Pharma are identified as potential market leaders. Despite initial stockouts online, companies are adjusting supply. The market for these diabetes and obesity drugs is expected to grow significantly in India.
Bitcoin and Ethereum saw a dip of nearly 3% in the last 24 hours. Major altcoins also experienced declines. Geopolitical tensions and inflation concerns are impacting market sentiment. Analysts suggest caution and waiting for a stronger move above $70,000 for Bitcoin. Institutional accumulation is helping absorb selling pressure, but overall sentiment remains fearful.
Japanese government bond yields rose across the curve on Friday, as recent hawkish central bank signals and the Middle East war heightened inflation concerns and prompted investors to reprice the path of rate hikes.
Aditya Birla Real Estate Ltd (ABREL) will redevelop a housing society in Mumbai and expects a revenue of Rs 1,700 crore from free-saleable area
Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.