Global aluminium prices have surged due to plant shutdowns in Qatar and Bahrain and Strait of Hormuz disruptions, boosting Indian producers like Nalco, Hindalco, and Vedanta. These supply issues are expected to widen the global aluminium deficit, potentially driving prices higher through the first half of FY27.
The Reserve Bank of India has revised dividend payout norms for banks, linking them to Common Equity Tier 1 (CET1) ratios instead of CRAR and NPAs. The new guidelines, effective April 1, 2027, offer greater flexibility to well-capitalized banks, with payouts ranging from 0% to 100% of adjusted profit after tax, subject to a cap.
Oil prices plummeted by more than $10 a barrel on Tuesday after soaring to an almost four-year high in the previous session after U.S. President Donald Trump predicted the war in the Middle East could end soon, lowering expectations of prolonged disruptions to oil supply.
Deutsche Bank upgraded the U.S. and European technology sector to "neutral" from "underweight" on Tuesday and turned "overweight" on software, saying the months-long rout sparked by fears of AI-driven disruption has likely run its course.
Foreign investors sharply slowed their purchases of emerging market assets in February to below $22 billion even as flows remained positive across both debt and equities, data from a global banking trade group showed on Tuesday.
India is emerging as the top pick in Asia‑Pacific private markets, offering global investors scale and resilience as activity in the Asia-Pacific slows, a survey by McKinsey & Company and the Indian Venture and Alternate Capital Association showed.
The Reserve Bank of India has issued stricter prudential norms for bank dividend payouts and profit remittances. The framework links payouts to capital strength, asset quality, and regulatory compliance to ensure financial stability and adequate capital buffers across banks.
Morgan Stanley Asia Singapore bought shares worth ₹69.2 crore in Nazara Technologies through a block deal, acquiring 28.85 lakh shares from Think India Opportunities Master Fund as the gaming company continues global expansion and posts strong revenue and EBITDA growth.
The National Stock Exchange has instructed its members to report and pay any extra Securities Transaction Tax collected. This applies to tax collected for the financial year 2023-24 and previous years. The directive follows a request from the Income Tax Department. Members must submit details and remit excess tax with interest.
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