IndusInd Bank saga: 10 key takeaways from SEBI’s interim order
The regulator’s order sheds light on the timeline of events, internal communications, and trading activity under scrutiny.
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Long gold and short crude could be the trades for rest of the year: Peter McGuire
Peter McGuire anticipates continued US dollar weakness, benefiting the euro, yen, and pound. He expects bond yields to rise around 4.47% while closely monitoring Fed rate policy and tariff negotiations. McGuire maintains a long position on gold, targeting $3600-3700 in…
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HDFC Bank faces regulatory scrutiny over alleged mis-selling of Credit Suisse bonds in UAE
HDFC Bank faces scrutiny in the UAE over the alleged mis-selling of Credit Suisse bonds. A regulator is examining potential breaches of licensing conditions related to how HDFC conducted business across different jurisdictions, specifically between its UAE, DIFC, and Bahrain…
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Public sector banks drive record profits in India for FY25 amidst asset quality improvements
Indian banking profits soared to a record high in FY25, driven by public sector lenders’ strong performance. PSBs witnessed a 26% profit surge, narrowing the gap with private banks’ 7% growth. Improved asset quality, aided by regulatory measures and bankruptcy…
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Elon Musk quits Trump administration after criticising president’s ‘big beautiful bill’
Elon Musk is departing from his advisory role to President Trump, citing disappointment with the president’s legislative agenda, which he views as a massive spending bill. Musk’s departure follows his criticism of the bill’s impact on the federal deficit and…
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BP’s Castrol business draws interest From Reliance, Apollo and Lone Star
BP Plc’s Castrol lubricant business is drawing significant interest from a range of potential buyers, including Reliance Industries, Apollo Global Management, Lone Star Funds, Brookfield Asset Management, and Stonepeak Partners. Saudi Aramco is also considering a bid for the unit,…
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