Monday, August 24
Shares of Coal India jumped 1.5% to their day’s high of Rs 406.75 on the BSE on Wednesday, December 24, after the company received in-principle approval from its board for the listing of two of its key subsidiaries, Mahanadi Coalfields Limited (MCL) and South Eastern Coalfields Limited (SECL).The move follows directions from the Ministry of Coal, which had earlier asked the company to take steps towards listing its subsidiaries in the upcoming financial year.According to a circular resolution passed by the CIL Board, the company has accorded in-principle approval for the listing of SECL. This development will now be formally communicated to the Ministry of Coal for onward submission to the Department of Investment and Public Asset Management (DIPAM).The proposed listing, however, is subj
Even as Indian investors show a growing appetite for global diversification, regulatory and structural constraints continue to play a decisive role in shaping overseas investment decisions in 2026.Limits under the Liberalised Remittance Scheme (LRS), higher Tax Collected at Source (TCS) requirements, and capacity caps on India-domiciled international funds have emerged as key bottlenecks, influencing both access and allocation strategies.In an interaction, Alekh Yadav, Head of Investment Products at Sanctum Wealth, explains how these factors are impacting investor behaviour, even as interest in global themes such as AI, technology and defence continues to rise amid domestic market underperformance and a weakening rupee. Edited Excerpts –Q) Thanks for taking the time out. Global investing
The Serious Fraud Investigation Office (SFIO) has launched an investigation against IndusInd Bank in connection with the discrepancies in its derivatives trade portfolio. The private lender on Wednesday informed the exchanges about receiving a letter from the white collar crime probe agency."In furtherance to our intimation dated December 18, 2025, wherein we had informed that matters relating to accounting of internal derivative trades, certain unsubstantiated balances in “other assets” and “other liabilities” accounts of the Bank and micro finance interest income/ fee income were reported to the Serious Fraud Investigation Office (SFIO), Ministry of Corporate Affairs, on June 2, 2025. We had also mentioned that the SFIO had telephonic conversation with Bank official and a written
After a year dominated by gold and metals, Indian equities—especially small and midcaps—could be poised for a comeback in 2026, according to Dipan Mehta, Director at Elixir Equities.Speaking to ET Now, Mehta said 2025 was a reminder that no asset class leads forever. “If you had asked me a year ago, I would have said equities all the way. But 2025 belonged to gold. Hardly anyone predicted the kind of rally precious metals delivered,” he noted.While the success of multi-asset strategies in 2025 is evident, Mehta believes 2026 could mark a rotation back into equities, particularly segments that have lagged for years. “Small- and midcaps have been in the wilderness for two to three years. Earnings have caught up and valuations are far more reasonable now,” he said.Copper demand st
London, Precious and industrial metals are surging to record highs as the year ends, driven by economic and geopolitical uncertainty, robust industrial demand and, in some cases, tight supply.Below AFP examines the reasons for the surge in demand.- Safe havens -Gold and silver are traditionally seen as safe-haven assets, and demand has soared amid mounting geopolitical tensions, from US President Donald Trump's tariffs onslaught to wars in Ukraine and Gaza, as well as recent pressure by Washington on Caracas.Investors are also uneasy about rising public debt in major economies and the risk of a bubble in the artificial intelligence sector.These uncertainties are driving up gold and silver, with other metals now starting to see the impact as investors seek to diversify their portfolios, exp
