397 stories mentioning BSE SensexUpdated 22h ago
Trading amid India's rising May trade flows and projections of large REIT/InvIT inflows by 2030; imports rose 19% and exports 15.8%.
India's annual wholesale price index (WPI)-based inflation rate rose to 9.92% year over year in August, according to data from the Ministry of Commerce and Industry released Monday.The reading exceeded the Investing.com consensus of 9.89% and was up from 9.78% in July.
India's central bank has turned down Tata Sons' request to give up its classification as a shadow lender, Bloomberg News reported Saturday, citing people familiar with the matter.The decision means the holding company of Tata Group will remain subject to the category's rules, including a requirement to pursue a public listing, the people said, according to the report.Tata Sons had sought an exemption from the listing requirement, which would bring tighter regulatory scrutiny and greater disclosure of transactions within the conglomerate, Bloomberg added.The Reserve Bank of India and Tata Sons did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Anthropic CEO Dario Amodei has called on artificial intelligence companies to slow model development, citing risks of losing control of AI systems, misuse of the technology for cyberattacks and bioterrorism and the potential for serious economic disruption.Amodei stressed the need for "adequate time to align and safeguard" AI companies' models in a recent essay.The call gained support from OpenAI CEO Sam Altman and Tesla and SpaceX CEO Elon Musk.However, US President Donald Trump downplayed the AI risks, telling reporters over the weekend in Ireland: "We could put guardrails. We can do this and that. But I think you have a lot of very negative forces that are bringing it up that shouldn't be bringing it up and they're bringing up things that won't happen," Reuters reported.
The National Stock Exchange of India has set a price band of 1,700 rupees to 1,785 rupees per share for its initial public offering, according to a Friday press release.The offer will comprise a sale of up to 126.4 million shares by certain existing shareholders. NSE has also reserved up to 700 million rupees of the offer for eligible employees.The bidding period will open on Sept. 17 and close on Sept. 21, with the shares expected to list on or around Sept. 24.NSE cut the size of the IPO by more than 15% on Thursday after some major investors reduced the number of shares they planned to sell, Reuters reported separately, citing sources.
Rentomojo's initial public offering was oversubscribed by 1.5 times in India, according to the latest data available on the National Stock Exchange's website on Thursday, indicating a strong demand for the company's shares and public confidence in the online furniture rental firm's growth story.The company had reserved 21.8 million shares for the offering but received bids for 31.9 million shares, per the data from the bourse operator.The company had previously disclosed in its prospectus that proceeds from the offering are expected to be used for debt repayment, certain rental and license fee payments, and general corporate purposes.Motilal Oswal, Axis Capital and IIFL Capitak are acting as lead bookrunners for the IPO.
India's markets regulator proposed easing rules on who can serve on the boards of stock exchanges and other market infrastructure institutions, according to a consultation paper published Wednesday.The regulator proposed allowing directors of companies with well-diversified shareholding to serve on MII boards even if another group company is a broker, clearing member or depository participant.It proposed defining such companies as those where no non-public-sector shareholder, alone or with persons acting in concert, owns or controls 10% or more.Separately, SEBI proposed standardized qualification, experience, skill and certification requirements for chief technology, information security, compliance and risk officers at MIIs.It also proposed filling vacancies in these roles within three months and sought views on appointing deputies to ensure continuity.SEBI has invited public comments on the proposals by Sept. 30.
India is advancing its free-trade ambitions by increasingly seeking ways to connect its payment systems with international trading partners to ease cross-border transactions, according to a Wednesday Bloomberg report.The report cited comments from Rajesh Agrawal, the country's commerce secretary, at a Mumbai event, who emphasized implementing such measures as part of trade discussions, especially with nations with a sizeable Indian population.New Delhi's recent trade talks with the European Union and New Zealand included provisions to connect payment systems, the report said. However, Indian government officials had not previously shared the big-picture view with the public.The news comes after the overseas Indian diaspora contributed $155 billion in foreign currency inflows for fiscal year 2025, insulating the rupee from external economic shocks. Prime Minister Narendra Modi has also been advocating for such connectivity through the homegrown money transfer solution, the Unified Payments Interface, which is currently online in 11 nations, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
National Stock Exchange of India is expected to price its proposed initial public offering at around 15% lower than the range marketed earlier, Bloomberg News reported Wednesday, citing people familiar with the matter.At the top of the proposed range of 1,700 rupees to 1,785 rupees per share, the 5.5% stake sale would raise about $2.6 billion and value NSE, the report added. India's biggest stock exchange operator will also be valued at $46.6 billion.NSE did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Volkswagen is exploring a strategic partnership with India's JSW Group to expand its portfolio, increase local sourcing, and strengthen manufacturing, Reuters reported, citing a company spokesperson.The partnership could involve joint control, shared vehicle platforms, and expanded production capacity, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
The National Stock Exchange of India is expected to price its initial public offering between 1,700 Indian rupees and 1,785 rupees per share, Bloomberg News reported Tuesday, citing people familiar with the matter.The reported range is lower than the earlier marketed range of 2,000 rupees to 2,100 rupees.The proposed pricing band would value India's stock exchange operator at about 4.42 trillion rupees, down from its earlier marketed valuation of 5.26 trillion rupees, the report said.The NSE did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
The week ahead in Asia has a number of key figures scheduled for release.The week starts with inflation numbers from Thailand and Taiwan, along with China's trade figures and Q2 GDP growth for Japan and South Korea.Mid-week, the calendar shows China's inflation and producer price numbers set to be published. Japan's Reuters Tankan index and machine tool orders are expected among other data.The week will close with Japan's producer price index numbers, while India's inflation data is expected to come out on Sept. 12.The 18th BRICS summit will take place in New Delhi, India, from Sept. 12 to 13, with members from a number of countries in attendance.MONDAY, Sept. 7Singapore's retail sales rose 1.5% year-over-year to SG$4.4 billion in July, slower than a 4% increase in the prior month.Elsewhere, Thailand's headline consumer price index rose 2.53% in August from a year earlier, accelerating from a 1.95% increase in July.TUESDAY, Sept. 8China is expected to see a trade surplus of $119.1 billion for August, with exports increasing 27.5% according to Citi forecasts, the Wall Street Journal reported.ING experts project the country's trade surplus at $107 billion, with export and import growth coming in at a respective 24.1% and 32.4%.Japan's revised annualized GDP growth for the second quarter is expected to come in at 1.8%, according to a market consensus forecast reported by ING.South Korea will also release Q2 GDP data, with growth projected at 3.7% year over year, according to ING.Taiwan's annual inflation for the month of August is expected to fall between 2.3% and 2.5% based on economists' expectations, according to the WSJ.WEDNESDAY, Sept. 9China will post inflation and producer price data for August.Inflation is expected to rise 0.9% year over year, according to ING economists. The producer price index is projected to rise slightly to 3.6%, Trading Economics said.Japan's Reuters Tankan manufacturing index will likely fall to +15 points in September from +18 points a month prior, according to Trading Economics. The country will also post machine tool order data for the month.South Korea's unemployment rate for August is expected to fall slightly to 2.7%.Elsewhere, Taiwan expects to see a trade surplus of $21.9 billion for August, with export and import growth coming in at 32.7% and 33.5%, respectively, according to forecasts by ING experts. Economists project exports to climb about 30%, the WSJ said.Malaysia is set to release industrial output figures for July.THURSDAY, Sept. 10A speech by Bank of Japan's policy board member Kazuyuki Masu is anticipated to give investors clues about a potential rate hike in September.Indonesia will post retail sales for July, while consumer confidence numbers are expected from Thailand.FRIDAY, Sept. 11Japan's producer price index (PPI) is expected to rise 7.4% year over year in August, up from 7.2% in July, according to market consensus forecast data by ING.Malaysia will publish retail sales and unemployment numbers.SATURDAY, Sept. 12India will post inflation data, with CPI expected to jump 4.7% year over year in August, an ING forecast showed.
Different energy profiles among markets will define data center growth in Asia-Pacific, S&P Global Ratings said in a Friday release.Rapid expansion in data center demand for Malaysia and India will require a faster transition to renewables, especially with the impact on regional grid infrastructure, S&P said.However, grid constraints and power availability could lead to developers adopting independent and possibly less clean power sources, the rating agency said.Water-efficient cooling technologies should be the norm for regions seeing data center growth and facing high water stress at the same time, according to S&P.The rating agency sees emerging markets as next growth catalyst for the data center business, given a development pipeline that is double than the global operating capacity.
India's National Stock Exchange is targeting a listing in the week starting Sept. 21, Reuters reported, citing three people familiar with the matter.The development follows regulatory clearance for its long-delayed initial public offering on Friday.The listing is expected to be one of India's largest, potentially ranking alongside Reliance Industries' Jio Platforms, according to the report.NSE did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Rentomojo will launch its IPO on Sept. 9, made up of a fresh issue of equity shares worth 1.5 billion Indian rupees and an offer for sale of 27.4 million shares by existing investors.The Accel-backed online furniture rental platform's share sale will close Sept. 11, according to a press release filed with the Securities and Exchange Board of India.The company will use proceeds to repay borrowings, pay lease rental and license fees for warehouses and experience stores, and for general corporate purposes.The company has set a price band of 384 to 404 rupees per share for the IPO, Reuters said in a Friday report.
Skoda Auto Volkswagen India plans to cut about 12% of its workforce as it accelerates a restructuring program aimed at cutting costs ahead of its next investment cycle, Bloomberg reported Friday, citing people familiar with the matter.The three-year restructuring, which began in 2025, is expected to remove a few hundred white-collar and factory jobs and generate tens of millions of dollars in savings by 2027, the report noted. The program is separate from Volkswagen's broader global restructuring, it added.The company did not immediately respond to a request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Securities and Exchange Board of India (SEBI) said it may propose changes to the methodology for determining settlement prices of derivative contracts on expiry, following feedback from market participants during the first month of the Closing Auction Session, according to a statement issued by the regulator on Thursday.A consultation paper is expected to be issued in about a week.SEBI introduced the Closing Auction Session in the equity cash segment from Aug. 3 to determine closing prices of securities. Under the framework, the closing price set through the session is also used to determine settlement prices for derivatives on expiry.The regulator said it has monitored the implementation and engaged with exchanges, brokers, traders, software providers, mutual funds and other market participants to address operational issues.
Asset Reconstruction (India) or ARCIL is targeting fee-based recovery and collection services as it shifts toward retail and smaller distressed assets ahead of its initial public offering, Reuters reported Thursday, citing CEO Phanindranath Kakarla.ARCIL will launch its IPO on Sept. 9, offering for sale up to 52.7 million shares priced at 132 Indian rupees to 139 rupees each, with the issue valued at up to 7.33 billion rupees at the upper end of the price band, the report said.With a capital adequacy ratio of about 65%, the company's "internal accruals will sufficiently fund us in the short term," the executive told Reuters.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
India's Supreme Court has dismissed appeals by Indian market regulator SEBI against the National Stock Exchange of India, CNBC TV-18 reported Thursday, citing news agency Informist.The ruling removes a major regulatory hurdle for NSE's planned IPO.The appeals stemmed from cases involving NSE's co-location and dark-fiber arrangements, according to the report.
India and Belgium aim to double bilateral trade over the next five years, with both countries seeking to deepen investment and economic cooperation across key sectors, according to a joint statement.The two sides welcomed the launch of an India-Belgium Investment Fast-Track Mechanism to facilitate investment flows and address business bottlenecks.India and Belgium also highlighted opportunities in semiconductors, pharmaceuticals, critical minerals, chemicals, defense, renewable energy, logistics, ports and advanced manufacturing, while calling for greater private-sector participation.
Alipay+'s proposal to integrate with India's instant payment system Unified Payments Interface (UPI) has hit a roadblock over national security concerns, Reuters reported citing three people with knowledge of the matter.The Indian government's concerns emerge from Alipay+'s links to China and revolve around how consumer data will be used and stored, with risks of money laundering, data breaches and cyberfraud taking center stage, Reuters said.India's foreign ministry said the proposal was paused on "political grounds," according to one of the sources familiar with the discussions.The link-up, which was proposed in January, aims to enable Indians traveling to China and Hong Kong among other parts of Asia to make real-time payments at Alipay+ merchants.In the long term, international travelers to India would also be able to use Alipay+, which is run by Alibaba's (HKG:9988) Ant International.Ant International, Reserve Bank of India, National Payments Corporation of India, and India's ministries of external affairs, finance, and home affairs did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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