Stocks Surge on Global Relief
Indian stock markets achieved their biggest weekly gain in half a decade, breaking a six-week losing streak. The broad rally saw nearly 90% of listed companies gain, with all sector indices ending the week higher. Optimism grew as geopolitical tensions eased and a US-Iran ceasefire appeared possible.
RBI Overhauls NBFC Rules
Beyond market movements, the Reserve Bank of India (RBI) is signaling significant regulatory changes. A draft proposal details a new classification system for upper-layer Non-Banking Financial Companies (NBFCs). This approach will move from current structures to a simpler system based mainly on a company's asset size.
Diplomatic Talks Underway
Meanwhile, US Vice President JD Vance is traveling to Islamabad for crucial peace talks involving Iran. Pakistan is set to host talks that could involve the United States, Iran, and Israel. However, Iran's final confirmation remains uncertain due to concerns over reported ceasefire violations.