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Federal Bank, Indian Bank, MCX & Nalco in MSCI Global
Global index provider MSCI has announced significant changes to its indices. Federal Bank, Indian Bank, Multi Commodity Exchange of India, and National Aluminium Company are set to join the Global Standard Index. This move is anticipated to bring substantial investment into these stocks. Adani Energy Solutions will not be added due to surveillance measures.
Rupee slips to its lowest-ever intraday level of 95.80 against the US dollar
The Indian rupee hit a record low of 95.71 against the US dollar due to high energy prices and overseas debt repayments. Despite tariff hikes on precious metals, economists warn of sustained pressure on the currency amid rising inflation and geopolitical tensions.
MSCI rejig: MCX, Indian Bank included, but RVNL, Kalyan Jewellers out
MSCI’s May 2026 index rejig kept India’s overall representation in the MSCI Standard Index unchanged at 165 stocks, even as four companies, including MCX and Indian Bank, were added and four others, such as Rail Vikas Nigam Limited and Kalyan Jewellers, were removed. The changes will take effect after market close on May 29. MSCI also carried out a major clean-up in the Small Cap index, where more than a dozen Indian stocks are set to exit.
MSCI Rejig: MCX, Indian Bank make the cut; RVNL, Kalyan Jewellers dropped
On the flip side, HUL, Bajaj Finance, TCS, ONGC, UltraTech, Infosys, HAL, Coal India, Mahindra & Mahindra, Nestle India, Power Grid are among the 75 names whose weightage will see a decline on the MSCI Standard Index.
Indian banks poised for double-digit corporate credit growth on infra, energy, data centre push
Indian banks foresee robust corporate loan growth this fiscal year. Demand is surging from key sectors including renewable energy, infrastructure, and manufacturing. Major lenders like SBI and Bank of Baroda report strong loan pipelines. This expansion signals a positive outlook for business lending across the country. However, banks face liquidity challenges in sustaining this growth.
Indian Banks poised for double-digit corporate credit growth on infra, energy, data centre push
Indian banks foresee robust corporate loan growth this fiscal year. Demand is surging from key sectors including renewable energy, infrastructure, and manufacturing. Major lenders like SBI and Bank of Baroda report strong loan pipelines. This expansion signals a positive outlook for business lending across the country. However, banks face liquidity challenges in sustaining this growth.
SBI board approves raising up to $2 billion from overseas markets in FY27
The bank said the fundraising will be carried out in a single or multiple tranches under Reg-S/144A through public offers or private placements of fixed or floating rate bonds denominated in US dollars or other major foreign currencies.
Bank PSU stock SBI to declare raising of up to $2 billion funds through the overseas bonds
SBI has received approval to raise up to $2 billion in FY27 through overseas bond issuances. The plan includes a mix of public offerings and private placements, aimed at enhancing capital and enabling business growth in international funding markets.
SBI plans to raise up to $2 billion via overseas bonds in FY27
The bank stated that the plan is subject to market conditions and regulatory approvals as applicable.
Rethinking ‘idle money’ in a rising rate environment
Indian savings accounts are evolving beyond mere transactional tools. With rising interest rates, institutions like IDFC FIRST Bank are offering higher yields, challenging the traditional view of savings accounts as low-return options. This shift encourages a more active approach to managing funds, highlighting the opportunity cost of holding 'idle' money.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades 200 points lower; Indian Hotels in focus
The Nifty failed to cross 24,000 intraday and that will be the first level to watch on the upside. For the Nifty Bank, 54,000 - 55,000 is the range for the index. Among things to watch will be any follow-up selling pressure in jewellery and tourism stocks, along with result reactions from names like Syrma SGS, Anant Raj and of course, a potential block deal in Groww.
IHCL shifts focus to overseas expansion as domestic business runs on autopilot
The Indian Hotels Company, affectionately known as IHCL, is setting its sights on global horizons. With its domestic operations thriving, the company is primed for international growth through management contracts and operating leases.