The Economic Times Markets
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UBS Group AG acquires 4.8% stake in 360 ONE WAM after exercising warrants
In a notable development, UBS Group AG has secured a 4.8% stake in 360 ONE WAM by exercising warrants. This action comes over a year after UBS shifted its local wealth management operations to the company. The Swiss bank has now executed…
The Economic Times Markets
Nippon AMC gets Sebi nod for settlement in Yes Bank AT1 case
Nippon Life India Asset Management Company has obtained in-principle approval from Sebi regarding a settlement case involving mutual fund investments in Yes Bank's AT1 bonds. With a settlement payment of ₹96.8 crore…
The Economic Times Markets
Yes Bank AT1 coupon due, bondholders seek clarity
YES Bank's bondholders have not received recent coupon payments which were due shortly after a court ruling. The Supreme Court restored the value of these bonds, raising uncertainty among investors. Bondholders have…
The Economic Times Markets
Banking liquidity surplus shrinks to Rs 541 crore as cash crunch increases
Liquidity surplus in the banking system was reported at ₹541 crore as of October 21. Banks have increased fund parking to meet their daily cash reserve requirements of 99%. The weighted average call rate (WACR) rose to…
The Economic Times Markets
Global Market Today: Asian stocks slide after US tech rout
MSCI Inc.’s regional equities benchmark slipped 0.3%, declining for a second day, leaving the gauge hovering around levels last seen in July. Taiwan’s stock exchange will be shut Friday due to a typhoon. Sentiment…
The Economic Times Markets
Sun Pharma falls short of bond fundraising target amid rising yields
Sun Pharma successfully secured ₹7,816 crore in its latest fundraising round, yet it fell short of its ambitious ₹10,000-crore target. The company opted for five- and seven-year bonds, pricing them at 8.05% and 8.20%…
The Economic Times Markets
Rupee declines first time in eight sessions as Brent oil prices rise above $112
On Thursday, the Indian rupee declined for the first time in eight trading sessions. This occurred even amid foreign portfolio investment inflows for the Jio Platforms IPO. Brent oil prices climbed to over $112 per…
The Economic Times Markets
Stocks in news: Swiggy, Infosys, HPCL, eMudhra, Adani Power, Shriram Finance, Tata Motors and NLC India
Indian equity markets faced continued downward pressure, marked by persistent selling and negative global indicators. The Nifty 50 index saw a decline, with analysts pointing out critical resistance and support points…
The Economic Times Markets
D-Street poised for a positive start as GIFT Nifty trades firmly higher
Indian equity benchmarks experienced a third consecutive session of declines due to selling pressure. Global cues remained weak, impacting market sentiment and performance. A recovery is possible if the index reclaims…
The Economic Times Markets
Government plans to pare stakes in 4 PSU banks to 75%
The Union government announced in the 2021-22 budget that, besides IDBI Bank, it would take up two public sector banks and one general insurance company for privatisation.
The Economic Times Markets Full text
US stocks today: Nasdaq slumps 2.5%, S&P 1% as revived AI doubts ignite tech selloff
US stocks fell sharply as renewed concerns over massive AI spending triggered a selloff in technology and semiconductor shares. The Nasdaq suffered its steepest one day decline since June, while the S&P 500 also dropped. Tesla and Meta…
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Moderna stock crashes 25%, loses about $24 billion after cancer vaccine data leak
Modernas stock price dropped over 25% after trial results for its personalized melanoma vaccine with Merck were disclosed. The decline erased approximately $24 billion from Modernas market value, ending a significant rally this year…
The Economic Times Markets Full text
Treasuries see best day in over a year as AI selloff revives haven demand
US Treasury bonds surged as a sharp selloff in AI-linked stocks revived demand for safe-haven assets. Treasury yields posted their biggest declines in more than a year, despite Brent crude rising above $112 a barrel. Investors also scaled…
The Economic Times Markets Full text
Neocloud short sellers rack up $6 billion as AI debt fears deepen
Short sellers betting against US neocloud and data centre companies have made about $6 billion in paper profits this month as AI debt fears trigger a sharp selloff. CoreWeave, Nebius, IREN, Applied Digital and Core Scientific face heavy…
The Economic Times Markets
Pershing's Ackman sees a $1 trillion Israeli company within a decade
Billionaire investor Bill Ackman said he remained bullish on Israel’s economy and financial markets, predicting the country could produce a $1 trillion company within a decade. He highlighted Israel’s technology…
The Economic Times Markets
Average long-term US mortgage rate eases to 7.32% in first pullback since late August
US mortgage rates eased for the first time since late August, with the average 30-year fixed rate falling to 7.32% from 7.40% last week, Freddie Mac said. The decline offers some relief to homebuyers, but borrowing…
The Economic Times Markets
Ahead of Market: 10 things that will decide stock market action on Friday
Indian equities fell sharply as rising crude prices, rupee weakness and global uncertainties pressured sentiment. Sensex lost over 460 points, Nifty declined 124 points, and BSE-listed companies lost Rs 3 lakh crore in…
The Economic Times Markets
Yes Bank unlikely to pay AT1 bond coupons despite bond holders demand, sources say
Yes Bank has announced potential non-payment of coupons on additional tier-1 bonds this fiscal year following a Supreme Court decision that annulled the previous write-off of these bonds. Bondholders are advocating for…
The Economic Times Markets
Sebi warns investors against WhatsApp stock tips. Here's how you can avoid such traps
SEBI has cautioned investors against exclusive WhatsApp groups spreading unauthorised stock tips and fake profit claims. The regulator flagged astroturfing, overseas numbers, replacement groups and suspicious trading…
The Economic Times Markets
Anthropic IPO stands alone as AI market jitters sideline others
Anthropic plans to move forward with its initial public offering next month, navigating a challenging IPO landscape. While many companies in the AI field have delayed their public listings due to fluctuating interest…
The Economic Times Markets
NCDEX launches NDEX and FINNDEX to expand into equity benchmarks
NCDEX has launched NDEX and FINNDEX, two equity benchmarks tracking 20 large, liquid Indian stocks and 15 financial sector companies. Their multi-factor methodology incorporates market capitalisation, trading activity…
The Economic Times Markets
CreditAccess Grameen Q2 profit jumps fourfold to Rs 502 crore
CreditAccess Grameen reported a fourfold rise in Q2 net profit to Rs 502 crore, driven by higher income, lower expenses and credit costs. Improved asset quality prompted upward revisions to profitability guidance, while…
The Economic Times Markets
Tesla shares slip as capex cut clouds Musk’s AI, robotics ambitions
Tesla's shares dipped by 2% after it reduced its capital spending forecast for 2026, now predicting $20 billion instead of the previous $25 billion. This move has raised eyebrows among investors, especially with Tesla's…
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