Finance -

Fed, crude prices & more: What will guide Dalal Street this week

TazaPulseSeptember 13, 2026

What will set the tone for Dalal Street this week? With only four trading sessions, investors will be watching a clutch of key triggers, the US Federal Reserve’s interest rate decision, domestic inflation data, crude oil prices and developments in the Middle East for cues on the market’s next move, analysts said.Markets will be closed...

HDFC Bank sends names of 2 CEO candidates to RBI

TazaPulseSeptember 13, 2026

MUMBAI: HDFC Bank has submitted two names in order of preference to RBI for appointment as its next managing director and CEO, setting in motion the succession process ahead of Sashidhar Jagdishan’s exit at the end of Oct.Alongside the CEO shortlist, the board also approved a revamp of its senior management by elevating chief credit...

Sebi for changes to CAS timing, derivatives settlement prices

TazaPulseSeptember 13, 2026

MUMBAI: Markets regulator Sebi on Saturday proposed to make some changes to the recently introduced Closing Auction Session’s (CAS) timings and to the derivatives pricing mechanism. Launched on Aug 3, CAS had created controversy in the market with traders and investors pointing out that it increased volatility in stock prices and index values.Last week, Sebi...

Local Currency Trade: India rules out Brics currency proposal, backs local currency trade settlements

TazaPulseSeptember 12, 2026

Leaders pose for a family photo during the Brics summit in New Delhi (Picture credit: Reuters) There is currently no proposal to introduce a common Brics currency, while discussions on settling bilateral trade in local currencies will continue as a way to reduce transaction costs, Sudhakar Dalela, secretary (economic relations) in the ministry of external...

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Inflation is outpacing wage growth again, squeezing Americans’ paychecks

TazaPulseSeptember 12, 2026

Wage growth for U.S. workers has cooled substantially from the pandemic period while inflation remains elevated, a trend that is adding to economic pressures. Diy13 | Istock | Getty Images Americans face a renewed squeeze on their paychecks as inflation once again rises faster than wage growth, putting further pressure on consumer wallets. “A substantial...

Data centre boom: India’s infrastructure opportunity could hit $90 billion

TazaPulseSeptember 12, 2026

India’s infrastructure opportunity could hit $90 billion India’s growing data centre sector could open up a $90 billion opportunity for construction and infrastructure companies by FY35, according to a KPMG report. The opportunity is expected to rise from $30 billion by FY30 as the country adds more data centre capacity.India’s data centre capacity is expected...

CAS closing price under review: Sebi proposes 2 options for expiry settlement

TazaPulseSeptember 12, 2026

Sebi proposes 2 options for expiry settlement The closing auction session (CAS) could see a change in how its closing price is used for settling index and stock derivative contracts on expiry, with markets regulator Sebi proposing two alternative methodologies after reviewing the newly introduced framework.Sebi’s consultation paper released on Saturday seeks stakeholder views on...

Minor child had Rs 1.17 crore interest income, father faced Rs 12.83 lakh penalty; ITAT Delhi cancels it, rules tax-rate dispute isn’t under-reporting

TazaPulseSeptember 12, 2026

Clubbing of income is a provision under the Income Tax Act. Can a minor child’s interest income lead to an income tax notice for the father? The Income Tax Appellate Tribunal (ITAT) Delhi has held that a father cannot be subjected to a Rs 12.83 lakh penalty under Section 270A when the income declared in...

Nvidia weighs $10 billion investment in Anthropic’s mega IPO: Report

TazaPulseSeptember 12, 2026

Anthropic plans massive IPO Anthropic is planning what could be the biggest IPO in history, with the artificial intelligence giant looking to raise as much as $100 billion at a valuation of around $2 trillion. Nvidia is in talks to become a major early investor in the offering, according to two people familiar with the...

Nine IPOs attract bids worth 1.4 lakh crore

TazaPulseSeptember 12, 2026

MUMBAI: In one of the busiest weeks for the primary market in recent times, six mainboard IPOs closed on Friday, along with three on SME platforms of the two bourses. The nine primary offers together saw total demand worth about Rs 1.4 lakh crore against a mobilisation target of about Rs 3,100 crore, bidding data...