SEBI's first interim order against manipulation of the Closing Auction Session names a JPMorgan unit (Copthall Mauritius) and Mansi Share for rigging Sensex's expiry-day close, impounding ₹3.68 crore. It signals the regulator is watching the new auction window: a deterrent ahead of Nifty and Sensex monthly expiries.
BSE has signed a pact with MSCI to explore launching futures and options in India benchmarked to MSCI indexes, pending regulatory approval. The move gives local investors new tools to hedge India exposure, tracking benchmarks linked to over $21 trillion in assets under management. No timeline or specific indices were disclosed.
NSE plans to let its own shares trade on its platform via the "permitted to trade" category after listing on rival BSE, sidestepping rules that block exchange self-listing. With SEBI approval, the move could preserve volume and even make NSE stock eligible for Nifty benchmarks. Some 250 unlisted firms already trade this way.
Flipkart co-founder Sachin Bansal's fintech Navi raised $100 million from Dutch tech investor Prosus in its first institutional round, valuing it around $1.3 billion. The capital funds growth as Navi refiles for a $2 billion IPO this fiscal year, now consolidated-profitable with Navi Finserv at $1.3 billion in AUM.
RBI kept the repo rate at 5.25% but its August MPC minutes now put tightening in play: inflation is projected to peak at 5.9% in Q3, and the governor and deputy governor both flagged a hike could come if those risks materialize. The neutral stance keeps both a cut and a hike live.
The Centre is weighing scrapping mandatory performance bank guarantees on MSME government contracts, replacing them with existing credit guarantee schemes. The move could unlock significant working capital, with roughly ₹15 trillion estimated frozen in guarantees; MSMEs took 50% of the government's ₹2.3 trillion FY26 procurement.
An Angel One report warns India could miss $270 billion in added manufacturing GDP by 2035 and $1 trillion by 2047, with a $5.1 trillion gap by 2047 if it skips AI, automation, and semiconductor leadership. India trails the US and China on AI-led growth. Wider adoption could add $1.1 trillion to manufacturing by 2047.
India's billionaire and ultra-HNI families face an intergenerational wealth transfer exceeding $1.5 trillion over the next decade, pushing family offices to professionalize with formal governance and investment committees. That shift is expected to widen portfolios and help alternatives AUM grow from ~$400 billion toward $2 trillion by 2034.
India is halving dealer stockholding limits on sugar to 15 days from September 1 through November 30, after prices hit a record 10% spike on festival demand and patchy rains hurt the cane crop. The squeeze aims to force more supply to market before Ganesh Chaturthi, Dussehra and Diwali.
A Russian-backed grain exchange letting producers sell directly to buyers is set for the Sept 12-13 BRICS summit in New Delhi, with a digital farm-trade platform also mooted. If adopted, members could bypass dominant global grain exchanges and reshape how farm commodities get priced and traded.
Brent retreated from its $118 war peak, but refined fuels haven't: European diesel is up over 70% and U.S. diesel margins hit a record $100 as the war knocked out 20% of Middle East refining capacity and Russian throughput fell 30%. Fuel stockpiles are draining fast, with U.S. diesel inventories at 30-year seasonal lows, keeping inflation pressure alive.
India's small-caps returned 29% last quarter while mid-caps gained 17% and large-caps 9%, yet the ownership data tells a different story: mutual funds raised stakes in two-thirds of large- and mid-cap firms while FPI sold across the board and retail trimmed mid/small-cap exposure. Mint's analysis of 4,367 BSE-listed companies shows domestic SIP inflows, not foreign money, are now propping up blue chips.
You’re caught up.
That was all 12 stories in the 20 August issue.