​​Last year on April 5, Sebi issued a show cause notice to Dahiya alleging failure to identity acquisition of 26.72% shares of YKNP Marketing Management by PB Fintech through its subsidiary PB Fintech FZ-LLC as unpublished price sensitive information as per insider trading rules.

Modi said the ratio of relative valuations of Nifty s top 100 companies to Nifty 500 companies has just started reversing from a 20-year low period, and the top 100 could outperform the rest of the companies by a factor of as much as 15-30%.

The Mumbai Interbank Forward Offer Rate (MIFOR), which gauges currency risk when Indian companies bring dollar funds into India, has fallen over the past month after the RBI bought dollars from banks with an agreement to sell them back three years later, indicating the central bank is ready to lend dollars at a cheaper rate to the market.

Equities opened lower in Sydney and mixed in Tokyo after mayhem on Tuesday that saw a global index approach levels from the start of this year. Contracts for the S&P 500 rose 0.8% — after the index dropped 1.2% on Tuesday — echoing gains in late trading after Lutnick hinted at a compromise with Canada and Mexico.

Indian oil explorer Oil and Natural Gas Corp said its unit acquired clean energy firm PTC Energy for Rs 925 crore ($106.02 million) as the company looks to ramp up its green energy portfolio.

Given weak global cues and lack of domestic triggers, analysts said Indian equities are expected to remain largely subdued, though a continued buying interest in the broader market could provide some support to the market.

The Reserve Bank of India has directed large finance companies to stop renewing lines of credit for businesses due to concerns over disguised borrower stress. This credit facility allows flexible fund withdrawals and delayed principal repayment, making NBFCs less capable of gauging borrowers real-time cash flows.

M Pallonji Group and Divya Sehgal of True North have sought regulatory consent to establish a general insurance venture. If sanctioned, M Pallonji will hold 51% stake and launch with an initial ₹200 crore investment. This move marks a significant corporate-backed entry in India s insurance sector.

Jio Financial Services will acquire full ownership of Jio Payments Bank after SBI s divestment of its 17.8% stake. With the deal valued at ₹104.54 crore, the transaction awaits the Reserve Bank of India s approval and is expected to conclude within 45 days.

The new recommendations, if implemented, could allow short-selling in all stocks, barring those in the trade-to-trade, or T2T, segment, said sources with direct knowledge of the matter. Sebi officials, during the discussions, agreed to give the plan another thought, they said. An email to Sebi went unanswered till press time.