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Subscribe to enjoy similar stories.Representatives of the Association of NSE Members of India (ANMI) met with central bank officials on Wednesday, seeking a relaxation of an imminent regulatory restriction on lenders funding capital market proprietary traders, arguing that not all such trades are speculative, according to a person aware of the discussions.While Reserve Bank of India (RBI) officials heard out the ANMI delegation, they offered no commitment , he said, requesting anonymity.While confirming the meeting, an ANMI official said, "A lot of things get discussed. It's unfair to be point-wise and specific about what is discussed or not." "With due respect, everything discussed in a closed room is not open to transmission everywhere," the official added.The meeting, requested for by the brokers' body, came after the central bank on 30 March deferred its 13 February circular on banks' capital markets exposure for three months through 1 July.

Subscribe to enjoy similar stories.BENGALURU: Godrej Properties Ltd (GPL), the country’s highest-selling residential developer, is stepping up its push into high-value housing, lining up a series of premium and luxury launches across key markets as part of a ₹48,000 crore pipeline for fiscal year 2027 (FY27), executive chairperson Pirojsha Godrej said Wednesday.GPL is targeting ₹39,000 crore of sales bookings this year, on the back of a strong launch pipeline and demand for branded developers.The planned launches span prime micro-markets, including Golf Course Extension Road in Gurugram, Ashok Vihar in Delhi, and Bandra Bay in Mumbai, underscoring a clear tilt towards higher-ticket projects.The shift follows a year of aggressive land acquisitions in top locations and marks a more pronounced move into luxury, even as GPL has previously developed such projects.In Gurugram, now emerging as one of India’s key luxury hubs, GPL will develop a project on an 11.36-acre land parcel acquired earlier this year, with a revenue potential of about ₹4,500 crore. In Delhi, the company plans to launch a much-awaited project spread over around 27 acres in Ashok Vihar, where apartments are likely to be priced at ₹5 crore and above.In Mumbai’s Bandra Bay, where developers such as Adani Realty and others are preparing luxury launches, GPL is planning a project with apartments priced at over ₹15 crore each, as per analyst estimates.“The launches this year will reflect the kind of business development GPL has done last year, where it has acquired land in key micro-markets within the cities it operates in.

Subscribe to enjoy similar stories.Kevin Warsh, who is expected to be confirmed by the Senate later this month as the next Federal Reserve chair, will inherit a central bank that appears to be stuck in policy limbo due to concerns about escalating inflation. But Warsh may have more options than investors think.Bond traders no longer expect the Fed to cut interest rates this year.

Subscribe to enjoy similar stories.Patience may be the greatest virtue, but few professional investors have the privilege of practising it. In real life, money managers live in constant fear that their investors will flee—and their jobs will be toast—if they fail to keep up with their benchmarks for several quarters or, heaven forbid, years. The only living exception is Warren Buffett.

Subscribe to enjoy similar stories.It says something about the memory business when skyrocketing profits can actually be a cause for worry.Profits have never been a sure thing in the volatile industry. Memory chip makers Micron Technology and Sandisk, as well as hard-drive makers Seagate and Western Digital, have all produced annual operating losses at least once in just the last three years.

Subscribe to enjoy similar stories.Mahindra & Mahindra’s March quarter (Q4FY26) shows why it’s one of the most consistent growth stories in India’s auto sector. It beat Street expectations on revenue and profit. Better-than-expected realizations in SUVs – its primary segment, and a sharp rise in other income were the key drivers.

Subscribe to enjoy similar stories.Industry bellwether Larsen & Toubro (L&T) didn’t go unscathed from geopolitical tensions despite strong order inflows and a robust backlog. The management estimates the company lost almost ₹5,000 crore of revenue in the March quarter (Q4FY26).

Subscribe to enjoy similar stories.In recent months, a palpable sense of concern has begun to ripple through investors. Inflationary pressures—once dismissed as a transitory aftershock of global recovery—now risk becoming entrenched.The drivers form a difficult triad: destruction of energy infrastructure in West Asia leading to volatile oil and gas prices, persistent supply chain constraints, and a domestic agricultural squeeze triggered by a lower-than-anticipated monsoon and record-high fertilizer costs.The RBI’s decision to raise the inflation forecast for FY27 to 4.6%—up from an earlier target of 4%—signals that these fears are grounded in reality.

Subscribe to enjoy similar stories.India’s securities enforcement framework has long faced a contradiction. Parliament has progressively introduced minimum penalties to strengthen deterrence. At the same time, it has retained broad adjudicatory discretion through mitigating factors.

Subscribe to enjoy similar stories.A savings bank account is the default parking spot for emergency funds. It is liquid, familiar and easy to access.But large idle balances kept “for safety” often earn just 2–4% interest — not enough to beat inflation.

Subscribe to enjoy similar stories.Air India has pushed the start of its maintenance, repair and overhaul (MRO) facility at Kempegowda International Airport in Bengaluru by at least a year to January–March 2027, as construction remains unfinished, according to three people familiar with the matter.The airline’s inability to source construction materials including steel and bolts from domestic manufacturers is the key reason for the delay.Planned on a 35-acre site, the facility, designed with 12 hangar bays to service both narrow-body and wide-body aircraft, is still under construction, one of the persons quoted said, requesting anonymity due to the sensitivity of the issue.In its first phase it will have 3 widebody and 2 narrowbody hangar bays. Hangars are spaces where aircrafts are parked, maintained, and repaired.

Subscribe to enjoy similar stories.Artificial intelligence (AI) is changing finance, but its most important impact may not be on stock exchanges or global asset managers. It may be on the bank account of a 25-year-old Indian professional.The next big disruption in wealth creation is personal, not institutional. It is about how young earners budget, save, invest and avoid mistakes.

Subscribe to enjoy similar stories.Chennai-based Veritas Finance, a non-banking financial company, is exploring a private transaction worth ₹800–1,000 crore to facilitate exits for early investors after facing repeated delays in its public listing, three people familiar with the matter said.“The transaction is expected to give exits to some of its early backers like Lok Capital and British International Investment (BII), who have been invested in the company for a long time,” one of the people cited above said.Veritas’ move to explore a private market deal comes as it seeks to improve financial performance and reattempt a listing when public market valuations become more stable and conducive.“The round is likely to be secondary in nature and could become larger if other investors including Kedaara Capital and Norwest Venture Partners also look to sell some stake opportunistically,” the second person said.The person added that the company has also held discussions with investment banks including Avendus for a private transaction, although a formal banker appointment is due in the coming weeks.Veritas competes with Shriram Finance, Aye Finance, Vistaar Finance, Five Star Business Finance, Indostar Capital, Bajaj Finserv, Equitas Small Finance Bank and Lendingkart, among others.Veritas, Avendus, Norwest, and BII declined to comment while Kedaara and Lok Capital did not respond to Mint’s emails sent on Tuesday.“While the exact deal terms are yet to be decided, the company doesn’t need much primary capital at this stage so the round will largely be a secondary transaction,” a third person said, confirming the above details.In a secondary transaction, shareholders sell their stakes to other existing or new investors, and no

Subscribe to enjoy similar stories.Just a few weeks ago, the case for gilt funds, which hold government bonds with long tenures, seemed compelling.A sharp rise in government bond yields had made valuations attractive, market sentiment had turned very pessimistic, and several fund managers argued that much of the concern around elevated borrowing and supply pressures was already priced in.Government bond yields rose amid inflation fears stoked by the West Asia war. A rise in yield means a drop in prices, making gilt funds attractive.

Subscribe to enjoy similar stories.For more than a decade, Android tablets have lived in a strange limbo. They were declared dead when phones grew larger, dismissed as pandemic‑era stopgaps, and overshadowed by Apple’s iPad.

Subscribe to enjoy similar stories.Representatives of the Association of NSE Members of India (Anmi) are scheduled to meet Reserve Bank of India officials on Wednesday to seek a relaxation on recent measures which effectively bar banks from funding proprietary traders for capital markets trades, two people aware of the matter said.The meeting, requested for by ANMI, comes after the central bank on 30 March deferred its 13 February circular on banks' capital markets exposure for three months through 1 July. Prop traders are brokers who trade for themselves."There will be a meeting between three to four members of Anmi and relevant RBI officials," the first person said.

Subscribe to enjoy similar stories.Despite the increasing emphasis on renewable energy, coal continues to dominate as the primary source of power generation in India.With one of the lowest per capita electricity consumption levels globally, the country is expected to witness a surge in energy demand unmatched by any other nation over the next decade.This trend suggests that coal demand will likely remain robust. This editorial examines the outlook for Coal India's stock.This analysis is not a stock recommendation.Coal India holds a near-monopoly position in India’s coal mining and production sector.

Subscribe to enjoy similar stories.Competition between OpenAI and Anthropic, the two most prominent artificial intelligence start-ups, is intensifying as they race to expand relationships with major financial institutions.San Francisco-based Anthropic, which makes the Claude AI assistant that rivals OpenAI’s widely used ChatGPT, is launching a slate of new AI agent offerings for banks, investment managers, and insurers.The agents are meant to help those companies’ employees build presentations, synthesize webs of data sets and filings, build financial models, and complete other tasks, Anthropic said on Tuesday.Anthropic announced the new agents one day after it said it would partner with Blackstone, Goldman Sachs, and private-equity firm Hellman & Friedman to create a new, unnamed entity for expanding Claude across midsize companies. OpenAI is forming a similar venture, Bloomberg News reported on Monday, underscoring stiff competition.Anthropic, run by the former OpenAI executive Dario Amodei, has muscled further into financial services since it launched a suite of tools catering to banks, financial-technology firms, and others last year.The so-called agents have pressured software stocks, whose businesses, investors worry, could be threatened by the AI-driven tools.

Subscribe to enjoy similar stories.Data released on Tuesday by the Federation of Automobile Dealers Associations in India shows that automobile retail sales rose 13% from a year earlier to over 2.6 million units in April, the best-ever performance for this month. The growth was broad-based, with five of the six main segments posting record numbers; all barring construction equipment, that is.

Subscribe to enjoy similar stories.The emphatic victory of the Bharatiya Janata Party (BJP) in elections to the West Bengal assembly focuses attention on an important aspect of India’s political economy: the role of politics and governance in economic development. The link is hard to quantify, especially in an era where economics is increasingly about mathematical models.

Subscribe to enjoy similar stories.Fashion retailers are speeding up deliveries to keep pace with instant-gratification shopping driven by quick-fashion startups, with established players and newer brands taking sharply different approaches.For example, brands such as Biba and The House of Rare have adopted a more calibrated, infrastructure-led strategy rather than a rapid overhaul of existing store networks. “We’ve been doing this in a very soft way but not necessarily from the same stores because that affects the customer experience,” said Siddharth Bindra, managing director of Biba.Bindra said using retail stores as fulfilment hubs for rapid delivery creates operational constraints, particularly given store sizes and layouts.