Sebi Allows Mutual Funds to Trade Credit Default Swaps to Boost Bond Market Liquidity
India's market regulator, SEBI, has given mutual funds the flexibility to both buy and sell Credit Default Swaps (CDS). This change, aimed at boosting liquidity in the corporate bond market, allows mutual funds to hedge against credit risks in debt securities. Previously, they could only participate as buyers. The move opens a new investment avenue for mutual funds, while SEBI has set risk management measures to ensure safe participation
Andhra Pradesh Unveils New Liquor Policy, Eyes Rs 2,000 Crore Revenue Boost
Andhra Pradesh has introduced a new liquor policy aimed at boosting revenue by Rs 2,000 crore annually. The policy, effective from October 1, allows private players to operate liquor retail outlets and ensures the availability of affordable and high-quality liquor. The government also plans to reserve 10% of liquor licenses for the toddy-tappers community and promises a transparent lottery system for retail allocations
Sensex Surges Past 84,500, Nifty Nears 25,800 as D-Street Hits New Peak
The Indian stock market hit a new high, with the Sensex closing above 84,540 and the Nifty just shy of 25,800. Heavy buying in financial and auto stocks, including gains from ICICI Bank and Mahindra & Mahindra, helped drive the surge. This strong performance came amid positive cues from global markets and investor optimism
Tata Steel Boosts Kalinganagar Expansion with Rs 27,000 Crore Investment
Tata Steel has committed Rs 27,000 crore to expand its Kalinganagar plant in Odisha, increasing its steel production capacity from 3 million tonnes per annum (MTPA) to 8 MTPA. This expansion is part of Tata Steel's broader goal to reach 40 MTPA in India by 2030. With this investment, Odisha will become Tata Steel’s largest investment destination, having attracted over Rs 100,000 crore in total investments. The expansion will support growing demand across industries like automotive, infrastructure, and shipbuilding
"Costly Retirement Mistake: IIM Alumnus Warns Indian Parents About Education Expenses"
An IIM alumnus has sparked a heated debate online by revealing that many Indian parents are spending over 60% of their retirement savings on their children's foreign education. This trend raises concerns about financial planning, with parents prioritizing their children's studies over securing their own future. The viral post emphasizes the need for balanced financial decisions, urging families to plan better and avoid jeopardizing their retirement for costly education abroad
Top Bankers Push Government to Speed Up Bank Disinvestment Plans
Leading bankers are urging the government to fast-track the disinvestment process for public sector banks. They argue that privatizing banks will boost efficiency and competitiveness while reducing government control in the financial sector. This move aligns with India’s broader policy to encourage private sector involvement in non-strategic sectors and improve public sector performance through strategic divestment
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