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Recent stories on markets, banks, money and investing.

  1. SEBI forms working group to review Innovators Growth Platform frameworkThe Securities and Exchange Board of India has formed a working group to review the existing regulatory framework for the Innovators Growth Platform, including the rules…
  2. Binance reports $6.3 billion heist involving malware and AI-driven social engineeringBinance disclosed a $6.3 billion theft from its hot wallets, an operation the exchange says began in June. According to the company, attackers used malware, a September…
  3. UPI records 25.47 billion transactions in October as daily value exceeds ₹1 lakh croreIndia's Unified Payments Interface processed 25.47 billion transactions in October, a 5.8% month-over-month increase. Total transaction value reached ₹31.53 lakh crore, up 7.4%…
  4. Binance reports covering 90% of losses following $6.3bn hack, BBC reportsBinance has reportedly covered 90% of losses stemming from a $6.3 billion hack, according to data from two analytics firms cited by the BBC.
  5. Binance reportedly freezes $3 billion following security breach and suspends withdrawalsBinance has reportedly frozen $3 billion and suspended platform withdrawals following a security breach, according to The Indian Express. The exchange has not yet provided full…
  6. Binance reports $6.3bn hack, reportedly linked to North Korean actorsCryptocurrency exchange Binance says it is managing a cyber-attack involving approximately $6.3bn in digital assets. Two analytics firms attributed the breach to a North Korean…
  7. Federal Reserve holds interest rates steady in final meeting before midtermsThe Federal Reserve kept interest rates unchanged on Wednesday, maintaining levels among the highest in 20 years. The board voted 10-2 to hold, with two members dissenting in…
  8. The Guardian: Chinese stock markets lose trillions amid AI sustainability concernsTrillions of dollars have been erased from China's stock markets in recent months. The STAR 50 Index, which tracks innovation companies on the Shanghai exchange, has fallen 40%…
  9. BBC reports Japan’s domestic borrowing costs rise following policy shiftAccording to the BBC, borrowing costs within Japan are increasing. This shift follows decades of ultra-loose monetary policy that kept rates near or below zero, signaling a…
  10. AI developer Anthropic files for US initial public offeringSan Francisco-based Anthropic has publicly filed for a US initial public offering, listing under the ticker ANT. Founded in 2021, the company previously submitted a confidential…
  11. RBI sets April 2027 implementation date for Basel III operational risk standardsThe Reserve Bank of India has issued the Second Amendment Directions, 2026, establishing an April 1, 2027, implementation date for the Basel III Standardised Approach regarding…
  12. Jio IPO draws record bids with 22-times subscription, reports The Indian ExpressJio’s initial public offering has concluded with a subscription rate of 22 times the available shares, according to The Indian Express. The offering drew record-level bids during…
  13. The Guardian reports: French government bond yields reach 24-year highFrance’s 10-year government bond yields have surpassed 5% for the first time in 24 years. This surge follows political deadlock over the government budget and ongoing civil…
  14. France imposes curfews as violent unrest triggers bond and stock market sell-offFrance has been hit by widespread rioting, resulting in thousands of arrests, looted shops, and burned public buildings. The interior minister reported that police lost control…
  15. Reliance Jio IPO anchor book reportedly draws Rs 2.5 lakh crore in demandThe anchor book for the Reliance Jio Platforms IPO has reportedly attracted Rs 2.5 lakh crore in demand, marking a 30-fold oversubscription. According to The Indian Express, the…
  16. Indian Express reports: Supreme Court upholds quashing of Yes Bank’s Rs 8,415-crore AT-1 bond write-offThe Supreme Court has upheld a decision to quash the write-off of Yes Bank's Rs 8,415-crore Additional Tier-1 (AT-1) bonds. The ruling affirms the invalidation of the bank's…
  17. Global tech stocks slide as inflation fears spark sell-off in AI sectorA sharp sell-off in AI-linked stocks has triggered global market declines. Traders concerned about rising inflation and interest rate hikes moved to dump shares in the heavily…
  18. 13 October: Sitharaman signals rupee-volatility measures and openness to LTCG debateOn 13 October, Finance Minister Nirmala Sitharaman said the RBI could take further steps to curb rupee volatility and that she was open to stakeholder views on long-term capital…
  19. Jio Platforms IPO opens 21 October; listing expected 28 OctoberThe Indian Express reports that Jio Platforms' IPO will accept subscriptions from 21–23 October at Rs 1,065–1,119 per share. Anchor bidding is scheduled for 19 October; the…
  20. The Guardian reports: IMF warns AI sector valuations and debt threaten global financial stabilityIn its twice-yearly Global Financial Stability Report, the International Monetary Fund warned that elevated risks to global financial stability include a potential artificial…
  21. RBI policy shift pushes bond yields higher as inflation hits 5.54 percentFollowing a Reserve Bank of India policy shift and rate hike, the benchmark 2036 bond yield surpassed 7.35 percent, reaching a three-year high. Meanwhile, India's September…
  22. RBI opens special dollar window for public sector oil marketing companiesThe Reserve Bank of India (RBI) has established a special window to supply the full daily US dollar requirements for state-run firms Indian Oil Corporation, Hindustan Petroleum,…
  23. RBI restricts forex derivatives and mandates cash reserves to stabilize the rupeeThe Reserve Bank of India issued circulars restricting the rebooking of cancelled INR derivative contracts. The threshold for hedging without underlying exposure was reduced from…
  24. Federal Reserve issues enforcement action against American Express over anti-money laundering controlsThe Federal Reserve Board has issued an enforcement action against American Express Company. The regulator states the company failed to sufficiently detect and report certain…
  25. BBC reports India's stock market lagging despite world-leading economic growthAccording to the BBC, India's equity markets are among the world's worst performers in 2026. This decline coincides with the country maintaining its status as the world’s…
  26. economy.ac reports EU debt reached 5.4% of member-state GDP in 2025The Economy reports that outstanding EU-issued debt rose from 2.9% of member-state GDP in 2020 to 5.4% in 2025. Its analysis describes the Commission's expanded borrowing role;…
  27. Blue Owl Capital faces $4.2 billion in Q3 private credit redemption requestsBlue Owl Capital’s private credit funds received $4.2 billion in redemption requests in the third quarter of 2026. Although withdrawal demands eased from early 2026 peaks, total…
  28. RBI reports falling bank deposit rates and lower median benchmark lending rateReserve Bank of India data shows scheduled commercial banks cut fresh term deposit rates to 5.67% in August 2026 from 5.85% in July. The 1-year median Marginal Cost of Funds…
  29. RBI reports India's non-food bank credit growth accelerated to 18.8% in August 2026According to the Reserve Bank of India, non-food bank credit grew 18.8% year-on-year in the fortnight ended August 31, 2026, up from 10.2% a year earlier. Services credit rose…
  30. RBI expands Benchmark Issuance Strategy to seven additional states and UTsThe Reserve Bank of India extended its Benchmark Issuance Strategy to six additional states—Assam, Goa, Haryana, Mizoram, Nagaland, and Tripura—and the Union Territory of Jammu…
  31. India to auction ₹33,000 crore in four dated securities on October 1The Government of India announced the re-issue and sale of four dated securities totaling ₹33,000 crore on October 1, 2026. The issuance includes ₹9,000 crore in 6.20% GS 2029,…
  32. US banking agencies publish resolution plan feedback for 15 institutionsUS banking agencies published evaluation letters assessing resolution plans submitted by 15 banking organizations. The Federal Reserve announced the feedback, which reviews how…
  33. Supreme Court refuses stay on 0.4% UPI merchant discount rate frameworkThe Supreme Court of India declined to issue an interim stay on a 0.4% merchant discount rate for UPI transactions exceeding 2,000 rupees. While allowing the fee structure to…
  34. Nvidia authorizes record $150 billion share buyback amid AI competitionNvidia has authorized an expanded capital return plan featuring a record $150 billion share buyback program. The decision follows mounting competition in the artificial…
  35. RBI completes ₹25,000 crore bond sale, drawing ₹67,655 crore in bidsThe Reserve Bank of India accepted ₹25,000 crore in its Open Market Operation bond sale on September 28, 2026, drawing ₹67,655 crore in total bids across six government…
  36. SoFi Bank moves $25 billion in credit card volume to stablecoin SoFiUSD, Pluang reportsSoFi Bank has launched an integration moving $25 billion in annual credit card volume onto its proprietary bank-issued stablecoin, SoFiUSD. The commercial deployment links…
  37. India evaluates revised IDBI Bank bids from Fairfax and Emirates NBD, ET Government reportsThe Indian government is evaluating revised financial bids from Fairfax Financial Holdings and Emirates NBD for a 60.72% stake in IDBI Bank, according to ET Government. The…
  38. NPCI chief says proposed 0.4% UPI merchant fee could generate ₹15,000 croreA proposed 0.4% Merchant Discount Rate (MDR) on UPI transactions could generate ₹15,000 crore in its first year, according to the National Payments Corporation of India chief.…
  39. RBI schedules ₹25,000 crore bond sale auction for September 28The Reserve Bank of India announced an Open Market Operation sale auction of government securities totaling ₹25,000 crore for September 28, 2026. The auction features six bonds…
  40. Reserve Bank of India reports $143.6 billion in foreign exchange swap inflowsThe Reserve Bank of India reported $143.596 billion in total foreign exchange inflows through its special USD-INR swap facility as of September 18, 2026. Non-resident deposits…
  41. ECB to bring central bank money to tokenised finance and invest own funds via PontesOn September 21, 2026, the European Central Bank announced that the Eurosystem will bring central bank money to tokenised finance. In a related release, the ECB confirmed it will…
  42. Japan raises interest rate to new 31-year high to curb pricesJapan has raised its benchmark interest rate to a 31-year high to combat rising inflation. The decision follows similar moves by central banks worldwide that have hiked rates in…
  43. US 10-year Treasury yield reaches 5% amid surging crude oil pricesThe benchmark 10-year US Treasury yield touched 5% and reached 5.04% before easing back, its highest level since 2007. Surging crude oil prices and persistent inflation…
  44. ET Government reports: NPCI to levy 0.4% fee on select merchant UPI transactions over ₹2,000NPCI will introduce a 0.4% Merchant Discount Rate on select person-to-merchant UPI transactions exceeding ₹2,000 starting October 15, subject to a cap. Meanwhile, the central…
  45. RBI cancels bond auction bids and schedules ₹1 lakh crore OMO salesThe Reserve Bank of India rejected over 50 percent of planned bids for three-year government bonds to contain rising sovereign borrowing costs amid global market volatility.…
  46. wtvbam.com reports: Global bond sell-off pushes 10-year US Treasury yields toward 5 percentA global bond sell-off driven by rising energy prices and heightened interest rate expectations has pushed sovereign borrowing costs across major economies to multi-year highs.…
  47. Mastercard and IFC launch $500 million settlement exposure facilityMastercard and the International Finance Corporation (IFC) launched a $500 million global settlement exposure facility. The risk-guarantee model reduces credit exposure for…
  48. washingtonpost.com reports: US stock indexes slide as Brent crude nears $100 amid Middle East fightingU.S. stock indexes fell as Brent crude oil prices approached $100 per barrel following an escalation in Middle East fighting. The sharp rise in energy costs drove the downturn…