Whalesbook
NSE Nears SEBI Deal
The National Stock Exchange (NSE) is reportedly close to resolving a long-standing dispute with the Securities and Exchange Board of India (SEBI). A SEBI panel has recommended a settlement including a ₹1,800 crore payment from the exchange. This development helps clear governance issues that have repeatedly delayed the NSE's initial public offering (IPO).
HCLTech's Q4 Miss
IT services giant HCL Technologies (HCLTech) posted a disappointing fourth quarter. The company reported a 3.3% revenue drop in constant currency terms, a sharper decline than the previously expected 1% decrease. Margins also fell short of expectations, settling at 16.5% compared to an anticipated 17.6%.
Gold Demand Remains Strong
Despite gold prices trading near record highs of ₹1.5–1.55 lakh per 10 grams, demand for the precious metal remained strong during the Akshaya Tritiya festival. This continued buying, especially from organized retailers, suggests solid consumer confidence and changing buying patterns.
International Updates: Iran Ceasefire & Defence Talks
Meanwhile, U.S. President Trump announced an extension of the ceasefire with Iran while maintaining the blockade on Iranian ports. This development helps keep Brent crude oil prices near $100 a barrel. Defence Minister Rajnath Singh's visit to Germany aims to strengthen bilateral defence ties, potentially leading to more cooperation and technology exchange.
Florida Investigates OpenAI
Florida's Attorney General has launched a criminal investigation into OpenAI and its AI tool ChatGPT over its alleged role in a deadly shooting. The probe highlights growing regulatory attention on artificial intelligence.