Your daily market briefing

A conventional mutual fund is largely a long-only product, while an SIF has more room to manoeuvre; a more relevant question is what does an SIF do that a mutual fund cannot?

In a letter written to Tata Sons Private Ltd, the banking sector regulator has asked the holding company of the Tata Group to prepare for an immediate public listing

Unlawful utilisation of the official logo, emblem, and design of the Indian Patent Office (IPO) has come to the attention of the Office of the Controller General of Patents, Designs and Trade Marks

The comments come as more U.S. lawmakers urge new rules to govern AI systems

India’s insolvency regulator is proposing tighter safeguards for personal guarantor cases, including zero voting rights for related-party creditors, independent asset valuations and scrutiny of questionable transactions. Creditors may also have to explain why a repayment plan offers a better outcome than bankruptcy, particularly when recoveries are low.

The US has finalized duties on solar cells and panels imported from India. Anti-dumping and countervailing duties were set for several Indian companies. Investigations into crystalline silicon photovoltaic cells are ongoing. The US International Trade Commission will determine injury to American manufacturers. This development occurs as India and the US negotiate a bilateral trade agreement.

BRICS leaders opposed unilateral measures like carbon border adjustments. They agreed to expand cooperation on intellectual property rights and AI applications. Leaders also emphasized resilient and inclusive global value chains for trade. They will explore policy levers to enhance intra-BRICS trade and connectivity. BRICS members aim for equitable participation in global manufacturing segments.

BRICS leaders are calling for faster and cheaper cross-border payments among member nations. They also support greater interoperability between national payment and messaging systems. The group encourages the BRICS Payment Task Force to continue its work on these initiatives. Iranian President Pezeshkian advocated for reduced dependence on dominant currencies. Measures were outlined to strengthen intra-BRICS trade and investment cooperation.

India’s car leasing market remains small relative to the overall passenger vehicle market, accounting for less than 2% of India’s passenger vehicle market.

BRICS leaders strongly advocate for restoring the WTO dispute settlement mechanism. They committed to strengthening the organization through necessary reforms and negotiations. The Appellate Body's functioning stalled after the US blocked member appointments. Developing nations believe a two-tier system is fundamental for dispute resolution. BRICS members will engage constructively in WTO reform discussions.

Indian Prime Minister Narendra Modi and Chinese President Xi Jinping addressed concerns around border dispute and the trade imbalance.