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Asian stocks saw modest gains following Wall Street's record highs, fueled by anticipation of a Federal Reserve interest-rate cut this week. The S&P 500 surpassed 6,600 amid bets on Fed easing, while a TikTok deal and potential Trump-Xi talks also boosted sentiment.
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News and Media
Anand Rathi Share and Stock Brokers plans a 745-crore IPO launch this month. This marks the second company from the financial services group to enter the primary market. The IPO consists entirely of a fresh share issue. The company intends to allocate 550 crore from the proceeds to meet long-term working capital needs.
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News and Media
Super Retail Group has fired CEO Anthony Heraghty. This is because he did not fully reveal details about a workplace relationship. The company's shares fell sharply after the announcement. David Burns is now the interim CEO. The board is reviewing the situation. Legal proceedings are underway. The company will defend its position. Investors are watching closely.
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News and Media
JPMorgan Chase plans to reduce the influence of major bond issuers in its emerging-market index. This shift will re-route investment from countries like China and India. Smaller nations are set to gain from this adjustment. The change involves lowering the issuer cap to 9% by 2026. This move aims to balance regional exposure and boost index yield.
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News and Media
In August, fund managers actively adjusted their portfolios, focusing on stock-specific opportunities. Significant shuffling occurred within the automobile sector, involving Maruti Suzuki, Mahindra & Mahindra, and others. Financial and IT sectors also saw rotations, with increased interest in Kotak Mahindra and ICICI among larger banks, while consumer saw Varun Beverages being bought and ITC and Hindustan Unilever being sold.
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News and Media
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