IndusInd Bank is likely to investigated by SEBI over alleged understatement of derivative losses and possible insider trading as per sources. Meanwhile, Donald Trump has threatened a 200% tariff on European wine, champagne, and other alcoholic products, escalating trade tensions with the EU.
While back home, SEBI's Secondary Market Advisory Committee may introduce a suitability test for retail F&O traders, assessing their financial capacity and risk awareness.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Here's the roundup of news that made headlines today:
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
IndusInd's SEBI Nightmare
SEBI is likely to investigate IndusInd Bank over alleged understatement of derivative losses and possible insider trading, sources say. The probe may focus on accounting discrepancies and whether insiders acted on non-public information before selling holdings.
If violations are confirmed, IndusInd Bank could face regulatory action under SEBI's disclosure and fraud norms. SEBI has not responded to queries on the matter.
Could this turn into a major regulatory storm for IndusInd Bank?
Trump's Wine War
Donald Trump has threatened a 200% tariff on European wine, champagne, and other alcoholic products, escalating trade tensions with the EU. The move is in response to the EU's tax on US whiskey, which was introduced as retaliation for Trump's steel and aluminium tariffs.
Trump warned that if the EU does not remove the whiskey tariff immediately, the US will impose heavy duties on European alcohol imports. He claimed this would benefit American wine and champagne businesses.
Will this tariff battle push US-EU trade ties to a breaking point?
F&O Traders Tested?
SEBI's Secondary Market Advisory Committee may introduce a suitability test for retail F&O traders, assessing their financial capacity and risk awareness. The proposal is yet to be discussed but could require brokerages to vet traders before allowing them into the segment.
The move aims to control F&O volumes, which SEBI has been curbing since last year through measures like limiting weekly expiries and upfront premium payments. Exchanges and brokers saw revenue drops as a result.
Will stricter rules reshape India's F&O trading landscape?
Wall Street Drops Post-PPI, Fed Pause Bets Firm Up
US stocks fell as producer inflation data surprised on the downside, but investors remained cautious amid rising bond yields and tariff uncertainty. The S&P 500 and Nasdaq 100 declined, with traders betting the Federal Reserve will hold rates steady until at least June or July.
In India, markets ended the holiday-shortened week lower, with the Nifty down 0.69% and the Sensex slipping 0.68%. Both indices fell on Thursday, marking a second straight session of losses for the Nifty and four consecutive declines for the Sensex. Markets remain closed Friday for Holi.
SEBI's Appraisal Shake-Up
SEBI has removed the digital management information system linkage from employee appraisals and plans to reassess its performance review method, sources say. An internal circular has been issued regarding the changes.
While SEBI is reviewing the process, it will not entirely discard the older appraisal methods. The key result areas (KRAs), in place for over 20 years, may undergo modifications as part of the update.
What changes could SEBI introduce in its appraisal system?
Gold's $3,500 Bet
Macquarie predicts gold could hit $3,500 an ounce by the September quarter, citing its safe-haven appeal. Analysts expect an average price of $3,150, with support from concerns over the US deficit and inflation risks.
Gold has already risen 12% this year, driven by geopolitical uncertainties and Trump's tariff policies. Macquarie believes investors and institutions are willing to pay more for gold's stability amid economic risks.
Will gold's rally continue, or is a pullback coming?
Tamil Nadu's Rupee Move
Tamil Nadu has dropped the rupee symbol from its FY26 budget, replacing it with a Tamil letter for ‘Ru'. The move comes amid a heated language debate between the DMK-led state government and the BJP-led Centre.
The decision aligns with Tamil Nadu's longstanding opposition to the alleged imposition of Hindi, reignited by the National Education Policy 2020. The DMK has strongly criticised the policy, arguing it undermines Tamil.
Is this the latest flashpoint in Tamil Nadu's language battle with the Centre?
UP's E-Rickshaw Surge
Uttar Pradesh leads in e-rickshaw adoption, selling 40,142 electric three-wheelers in 2024, compared to just 1,070 in Gujarat. Despite similar total three-wheeler sales, UP's EV penetration stands at 53.82%, while Gujarat lags at 1.69%.
Regulatory differences play a key role. Gujarat embraced CNG early, while UP heavily regulated ICE and CNG autos, pushing demand toward electric alternatives. Without regulatory caps, e-rickshaws rapidly gained traction in cities like Lucknow.
Why is Gujarat hesitant while UP surges ahead?
Here are other top stories that you cannot miss
Trump tariffs are good thing for the world, says Blackstone CEO as markets roil.
FIIs to reduce underweight positions on perception of growth: M&G Investments' Vikas Pershad.
US Jobless Claims edge down, remaining near pre-covid levels.
India's M&A activity soars 14% to three-year high in February on attractive valuations: Grant Thornton Bharat.
Urban Company enters quick commerce race, introduces 15-minute maid booking services.
L&T's water treatment division to build desalination plant in Saudi Arabia.
Voltas to transfer Dubai, Abu Dhabi branches to step-down subsidiary.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
