The National Stock Exchange (NSE) has flagged a wide range of risks to its business from regulatory changes and technology failures to cyberattacks and artificial intelligence-related challenges in its draft IPO papers, while highlighting its heavy dependence on derivatives trading for revenue, PTI reported.The disclosures, made in the draft red herring prospectus (DRHP) filed with…
The National Stock Exchange of India has officially set the stage for one of the biggest market events in the country’s history, filing its draft red herring prospectus (DRHP) for an initial public offering (IPO) of up to 148,905,525 equity shares. The issue, valued at an estimated Rs 30,000 crore, is poised to become the…
Thousands of Indian professionals working in Britain through Indian employers will stop paying dual social security contributions from July 15, with officials estimating that 90-95% of such workers will benefit from the India-UK social security pact coming into force alongside the free trade agreement.The Agreement on Social Security, or Double Contribution Convention (DCC), is expected…
India is reportedly in talks with multilateral lenders to secure around $2.5 billion through existing credit lines. The move comes as New Delhi explores fresh sources of capital after the Middle East conflict has affected the government’s ability to increase spending.The World Bank and the Asian Development Bank (ADB) are discussing loans worth $1.5 billion…
The sanctions waiver in place since almost the start of the US-Iran conflict has benefitted India. (AI image) In wake of the US-Iran understanding for a peace deal and the signing of an MoU, the Trump administration has quietly let the sanctions waiver for Russian crude oil to lapse. US President Donald Trump had earlier…
The Strait of Hormuz is back in business after more than 100 days of disruption, with over 60 million barrels of crude set to leave the pipeline. Following a US-Iran peace deal, one of the world’s most important oil routes is set to reopen, releasing millions of barrels of crude that had been stuck inside…
Gold has its target set on 160,000 as the next resistance, and the setup continues to shape up well for the upside in the sessions ahead. (AI image) Gold and silver price prediction today: Gold prices are consolidating and silver prices are exhibiting a sideways to bullish bias, says Abhilash Koikkara, Head – Forex &…
Energy shipments in the Gulf have once again resumed sailing, after the US and Iran signed an interim agreement. After months of disruptions to the Strait of Hormuz, activity appears to have finally resumed, with a liquefied natural gas (LNG) loaded tanker now moving towards the strategic waterway.The reopening of the waterway is expected to…
Trade negotiations between India and the United States are set to gain momentum after Prime Minister Narendra Modi and US President Donald Trump held wide-ranging talks on the sidelines of the G7 Summit. Seeking to advance discussions on the trade pact, the two leaders directed officials to work towards concluding a balanced, mutually beneficial and…
Rupee began Thursday on a weak note, falling over 20 paise against the US dollar in early trade. The fall came as the American currency strengthened globally after the US Federal Reserve’s hawkish policy stance. Rupee opened at 94.66 against the dollar in the interbank foreign exchange market and later slipped to 94.71, down 21…
