Author: Aruna Kaim

The Reserve Bank of India (RBI) has issued a draft proposal aimed at deepening the country’s short-term wholesale funding markets. Under the newly unveiled framework, non-banking financial companies (NBFCs)—including mortgage lenders—and non-financial corporate houses will be granted direct entry into the term money market, an arena previously restricted to commercial banks and standalone primary dealers. www.angelone.in The draft guidelines follow through on an initial policy intent announced during the central bank’s April monetary policy meeting. The financial community has until July 17, 2026, to submit formal feedback on the proposals. www.angelone.in The Proposed Framework The draft rules establish new boundaries…

Corporate India’s profitability impact from the West Asia conflict is now expected to be half as severe as initially feared, according to a revised assessment by Crisil Ratings. If the fragile US-Iran ceasefire holds and energy supplies continue to normalize following the reopening of the crucial Strait of Hormuz, the hit to India Inc’s operating margins will likely be contained at 100 basis points (bps) for fiscal 2027, down from an earlier stress-case projection of a 200 bps contraction. The Macro Shift: Under the Armistice Crisil’s revised outlook, which covers 34 sectors accounting for roughly 65% of rated corporate debt,…

The Aditya Birla Group (ABG) has approached State Bank of India (SBI) and Axis Bank to secure a ₹15,000 crore rupee term loan. The capital is earmarked for an all-cash acquisition of Sprng Energy, the Indian renewable energy platform currently owned by oil major Shell Plc. If finalized, the deal is expected to be valued between $1.7 billion and $1.8 billion (~₹14,500 to ₹15,500 crore), positioning it as one of the largest mergers and acquisitions (M&A) in the history of the Indian green energy market. Deal Snapshot Parameter Details Potential Acquirer Aditya Birla Group (via its renewables arms / Grasim)…

The total remuneration of ITC Chairman and Managing Director, Sanjiv Puri, saw a 6.8% decline during the financial year 2025–26 (FY26), slipping to ₹23.91 crore. According to the diversified conglomerate’s latest annual report, the reduction was primarily driven by lower payouts in performance-linked bonuses and long-term incentives, balancing out an upward revision in his base pay. The Compensation Breakdown While Puri’s core salary structure grew, a conservative variable payout trimmed his overall year-on-year take-home package. Remuneration Component FY26 (Current Fiscal) FY25 (Previous Fiscal) Change Trend Basic / Consolidated Salary ₹3.85 Crore ₹3.53 Crore ▲ Up 9.0% Perquisites ₹0.88 Crore ₹0.73…

For decades, Micron Technology was viewed by Wall Street as a classic cyclical commodity play—slashing prices during tech gluts and riding short-lived waves of consumer PC and smartphone upgrades. That old playbook has officially been rewritten. Following its blockbuster Fiscal Q3 2026 earnings report, Micron proved that the explosion in artificial intelligence infrastructure has fundamentally structurally altered the global memory ecosystem. With a near-$100 billion backlog of un-cancelable long-term strategic contracts, Micron has achieved something once thought impossible in the memory space: highly predictable, high-margin, multi-year revenue visibility. The Q3 2026 Record Book Micron’s financial results blew past Wall Street…

Microsoft shares have faced notable headwinds recently, triggered by a Stifel price-target reduction and mounting anxieties over its aggressive artificial intelligence spending. Alongside a minor friction point from increased Xbox console pricing, the stock has hit a temporary plateau, prompting investors to scrutinize the tech giant’s near-term math. Yet, beneath the surface-level caution, Wall Street’s long-term conviction remains remarkably steady. Here is why analysts are treating this dip as a potential entry point rather than a structural red flag. The Near-Term Friction: Margins vs. Spending The recent pullback isn’t a demand problem — it’s a cost problem. Investors are experiencing…

Japan’s benchmark Nikkei index suffered a sharp 4% drop on Friday, wiping out most of its gains from a historic, record-shattering run. The reversal was triggered by a steep sell-off in technology heavyweight SoftBank Group, following reports that OpenAI is considering postponing its highly anticipated stock market debut. The Closing Bell Numbers Nikkei 225: Fell 4.15% (down to 69,360.88), shedding its momentum after hitting an all-time record high in the previous session. The index fell 2.65% for the week. m.economictimes.com+ 1 Topix: Declined 1.32% to close at 3,963.36, capping off a 2% weekly loss. m.economictimes.com Key Market Drivers SoftBank Slumps:…

US stock markets opened lower on Friday as a heavy sell-off in technology and semiconductor shares dragged down the major averages. The pullback comes at the close of a strong quarter, as investors hit the brakes to reassess lofty market valuations and the massive capital investments pouring into artificial intelligence (AI). The Opening Bell Numbers Nasdaq Composite: Dropped 253.2 points (1.00%) to 25,105.41 S&P 500: Fell 44.7 points (0.61%) to 7,312.74 Dow Jones Industrial Average: Declined 116.9 points (0.23%) to 51,803.77 Key Market Drivers AI Reality Check: After a historic quarterly run fueled by AI optimism, investors are growing increasingly…

The setup on Torrent Power looks like a classic mean-reversion play after a sharp correction. When a fundamentally stable power stock drops 20% and tests its 200-day Daily Moving Average (200-DMA), it usually draws the attention of institutional buyers looking for value. Here is a breakdown of the technical risk-to-reward dynamics based on Kshitij Anand’s analysis: The Trading Setup Metric Level / Value Context Recent Peak Rs 1,824 (April 27, 2026) Major overhead resistance zone. Correction Depth ~20.2% Healthily cools down overbought indicators. Recent Close Rs 1,455 (June 23, 2026) Base formation level. Short-Term Target Rs 1,565 Represents a ~7.5%…

The tech sector is currently locked in an unyielding debate: Is artificial intelligence the greatest productivity engine in human history, or are we inflating a dot-com-style financial bubble? Amid skyrocketing valuations for hardware giants, chip manufacturers, and algorithmic startups, Warren Buffett’s most famous aphorism has never felt more timely: “You only find out who is swimming naked when the tide goes out.” Buffett penned this iconic line exactly 25 years ago in his 2001 Berkshire Hathaway Annual Shareholder Letter. That year, the financial tide didn’t just recede—it vanished entirely. The dot-com crash wiped out trillions in speculative paper wealth, a…