Markets stabilize after brutal sell-off US stock futures edged higher Friday morning as investors tried to steady the ship after Thursday’s rout, but the week is still on track to end in the red. Dow futures rose roughly 0.4%, S&P 500 futures gained 0.2%, and Nasdaq-100 futures hovered near the flatline as Wall Street attempted … Read more
Shares of SBI Funds Management, India’s largest asset management company by quarterly average assets under management, fell below their IPO issue price for the first time on Friday, July 24, 2026. Price action: SBI stock slipped 1 per cent to ₹572.15, dropping below its issue price of ₹574 per share on the BSE in intra-day … Read more
Paris, June 13, 2026 — French gaming giant Ubisoft has announced another devastating round of workforce reductions, closing two additional studios in Winnipeg, Canada and Belgrade, Serbia while cutting staff across at least five global locations — marking the company’s sixth restructuring event in 2026 alone. The Latest Layoff Details Metric Impact Studios Closed Winnipeg, Belgrade (2 studios) Total … Read more
New York, June 13, 2026 — Two of the world’s largest private capital firms, Apollo Global Management and Blackstone, have engineered one of the most massive private credit deals ever: a complex $35 billion financing package secured against AI chips and computing power, marking a revolutionary shift in how institutional capital is mobilized for the digital infrastructure buildout underpinning … Read more
New Delhi, June 13, 2026 — India’s foreign exchange reserves fell by $711 million to $681.610 billion during the week ended June 5, marking a decline primarily driven by a sharp drop in foreign currency assets, according to Reserve Bank of India data released on Friday. Key Forex Reserve Figures Component Amount Weekly Change Total Forex Reserves $681.610 … Read more
India’s corporate bond market is showing signs of a slowdown as borrowing costs surge to their highest level in seven years, creating fresh challenges for companies seeking to raise funds. The sharp increase in bond yields has significantly raised financing costs for businesses, prompting many firms to reconsider their fundraising strategies. Corporate bond yields have … Read more
The Reserve Bank of India (RBI) is facing one of its most difficult policy decisions in recent years as the ongoing conflict involving Iran continues to disrupt global energy markets and create uncertainty for economies around the world. The crisis has pushed crude oil prices higher, weakened the Indian rupee, and increased concerns about inflation … Read more
Foreign institutional investors (FIIs) have sold over ₹30,374 crore worth of Indian equities in May 2026 alone, pushing total net outflows on year‑to‑date basis to a staggering ₹2.22 lakh crore, forcing policymakers and market participants to reassess the outlook for India’s equity market. What began as a cautious foreign‑capital exit in early 2026 has turned into one of … Read more
Fairfax India Holdings Secures Majority Control in IIFL Capital with $211 Million Infusion. Canadian billionaire Prem Watsa’s Fairfax India will hike its stake to 51% in IIFL Capital Services Ltd. via a ₹2,000 crore ($211 million) investment, announced May 7, 2026, marking a pivotal vote of confidence in India’s wealth management boom. Deal Structure The … Read more
India’s government is set to divest a 3-4% stake in state-run Coal India Ltd., valued at ₹10,000 crore ($1.06 billion), via an offer-for-sale (OFS) route. The move, reported exclusively by CNBC-TV18 on May 7, 2026, underscores the Modi administration’s aggressive push to meet FY27 disinvestment targets amid fiscal pressures. Stake Sale Mechanics The divestment involves … Read more