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The Reserve Bank of India introduced major reforms, allowing banks to finance mergers, acquisitions, and IPOs more freely. It raised limits on loans against shares and debt securities, easing borrowing rules for large companies. These changes, effective October 2025, aim to expand credit access, improve liquidity, and deepen capital market participation, complementing government reforms.

EFTA Bloc nations pledged $100 billion investments in India under a new trade deal, with Switzerland seeking a bilateral investment treaty and Liechtenstein a double taxation avoidance agreement. Pharma giant Roche committed $1.8 billion, alongside other companies, as India offers duty concessions on most EFTA imports, balancing interests with firm investment commitments.

Elon Musk has set a new record, becoming the first person ever to build a fortune of $500.1 billion. This unprecedented wealth surge is attributed to a rebound in Tesla’s stock, where he holds a significant stake, and soaring valuations of his other ventures, including SpaceX and xAI, with a massive pay package also proposed

Reserve Bank of India Deputy Governor Swaminathan J urged public sector banks to build strong capital buffers. He stressed proactive risk management amid global uncertainties. The government also notified a new Payments Regulatory Board. This board replaces the RBI’s internal payments body. RBI revised its liquidity framework to ensure predictable short-term interest rates. These changes

Tata Sons has missed the Reserve Bank of India’s listing deadline, with its application to surrender its core investment company registration still awaiting a decision. The banking regulator has not yet responded to Tata Sons’ March submission, creating uncertainty for the conglomerate. Lawyers indicate RBI could accept the request or extend compliance time.

Stock market recommendations: Mehul Kothari of Anand Rathi recommends buying HUDCO, IFCI, and City Union Bank today. HUDCO and IFCI are poised for uptrend continuation after retesting their 200 DEMA, offering attractive risk-reward. City Union Bank shows a breakout from consolidation with an inverse head & shoulder pattern, indicating further upside.