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- Sebi proposes easier digital KYC for Indians living abroad
Sebi’s proposed overhaul would let NRIs, OCIs and eligible foreign nationals complete securities-market KYC digitally from abroad, easing onboarding and document-verification hurdles.
- US stocks mixed after retail sales data, Middle East in focus
The Dow Jones Industrial Average rose 0.01%, the S&P 500 rose 0.10%, the Nasdaq Composite rose 0.18%
- Dollar deluge prompts RBI to shut special FCNR scheme early; $52 bn raised so far
The decision to close the special scheme comes just a week after RBI governor Sanjay Malhotra said there was no plan for a premature closure
- Pulse of the Street: Tata jitters, metal rout weigh on Indian equities
Indian equities fell 0.8% this week as Tata succession uncertainty and a sell-off in metals outweighed gains in telecom and realty stocks, leaving India behind a broader AI-led rally across Asia.
- Cochin Shipyard Q1 Results: Net profit falls 19.5% to ₹151 crore as margins shrink
Cochin Shipyard reported a 19.4% year-on-year decline in net profit for June quarter, totaling ₹151.45 crore. This was attributed to lower revenue in shipbuilding and repair segments. Revenue from operations rose 2.4% YoY to ₹1,094.21 crore despite an increase in total expenses.