Business News Today — Markets & Economy
The latest business news today — markets, economy, companies and finance, summarized clearly and updated continuously on Plax.
Morgan Stanley tops estimates as equities trading revenue beats expectations by $909 million
Morgan Stanley topped expectations on the top and bottom lines for the third quarter.
CNBC · 14 Oct, 08:22 pmBank of America shares drop after third-quarter revenue miss and regulatory penalty
Bank of America shares fell Wednesday after the company posted weaker-than-expected trading revenue and the impact of a $1.2 billion Treasury fine.
CNBC · 14 Oct, 08:20 pmBank of America hired 1,000 contractors to patch software flaws exposed by Anthropic's Mythos
Bank of America hired 1,000 contractors to patch software flaws exposed by Anthropic’s Mythos, offering a rare look at costs involved in defending against AI.
CNBC · 14 Oct, 08:06 pmIndia working to rebuild ties with China but last word yet to be scripted: Goyal
India’s ties with the US are very good and the two continue to have a consequential relationship, the minister said
The Hindu Business · 14 Oct, 04:59 pmFairfax faces CSB conundrum after winning IDBI Bank bid; Merger emerges as likely route
The Cabinet Committee on Economic Affairs (CCEA) approves “10955230 Canada Inc.” as the strategic buyer in the restructuring of IDBI Bank
The Hindu Business · 14 Oct, 04:58 pmIDBI exit brings ₹26,337 crore to LIC, but limited upside for shareholders
Despite a substantial cash inflow and a residual 19 per cent stake in IDBI Bank, the transaction is unlikely to materially alter LIC’s valuation, analysts say
The Hindu Business · 14 Oct, 04:51 pmIDBI Bank stake sale to push MCR receipts beyond ₹90,000 crore, providing fiscal relief
This mop up will provide relief to government finances at a time when collections from excise are set to be down while expenditure on subsidy and on other welfare scheme is set to go up
The Hindu Business · 14 Oct, 04:50 pmCCEA approves strategic restructuring of IDBI Bank, govt & LIC to get over ₹52,000 crore
The government is offloading 30.48 per cent of its stake and expected to get over ₹26,500 crore, while LIC to sell 30.24 per cent and likely to get over ₹26,300 crore
The Hindu Business · 14 Oct, 04:46 pmBS VII draft proposes battery durability norms, vehicle passport for passenger cars
Proposed norms to be introduced in three phases from April 2029
The Hindu Business · 14 Oct, 04:37 pmPeople in Tamil Nadu face the highest consumer inflation in September
Official data shows that the gap between TN’s and the national inflation has also widened steadily through the year from 0.6 in January to 1.2 percentage points in September
The Hindu Business · 14 Oct, 04:36 pmIndia’s Largest IPO: Jio Platforms sets ₹1,065-1,119 price band, below street estimates
The IPO comprises a fresh issue of up to 27 crore equity shares with a face value of Rs ₹10 each
The Hindu Business · 14 Oct, 04:27 pmMFI constitute the largest share of lending portfolio in June 2026
This share stayed at around 36% to 38% between June 2022 to June 2025, making this the most significant increase in five years
The Hindu Business · 14 Oct, 04:20 pmZetwerk raises ₹2,251 crore from 99 anchor investors ahead of October 15 IPO
Global investment funds and domestic institutions participated in the anchor book as the manufacturing platform prepares to enter the public market
The Hindu Business · 14 Oct, 04:17 pmReview Govt’s decision to sell majority stake in IDBI Bank: Employees’ union
The Forum seeks suspension of further steps towards transferring ownership and management control of IDBI Bank to the foreign entity
The Hindu Business · 14 Oct, 04:16 pmDGCA to investigate hijack alarm scare on Air India flight
According to sources, the pilot-in-command denied squawking transponder code 7500, while ATC maintained that it had received the signal from the aircraft
The Hindu Business · 14 Oct, 04:15 pmStocks making the biggest moves premarket: Bank of America, BlackRock, HPE & more
These are the stocks posting the largest moves premarket.
CNBC · 14 Oct, 11:36 amChina's exports and imports surge past expectations in September
The country's customs agency released September trade data on Wednesday.
CNBC · 14 Oct, 03:41 amGoldman says investors are looking for 'profitable' Chinese business growth overseas
Sluggish consumer demand in China has pushed many companies, such as electric car brands, to accelerate plans for entering other countries.
CNBC · 13 Oct, 11:05 pmJPMorgan Chase blocks outside AI agents like Muse, Instinct from directly accessing accounts
JPMorgan Chase CEO Jamie Dimon warned of rogue agents operating at scale and said the bank is building defensive tools.
CNBC · 13 Oct, 08:48 pmWilliams says Fed may not have to hike rates in 2027, at odds with traders
New York Fed President John Williams sees one more rate hike in 2026 but no additional increase in 2027 as inflation pressures ease.
CNBC · 13 Oct, 07:46 pmStocks making the biggest moves premarket: JPMorgan Chase, Micron, UnitedHealth & more
These are the stocks posting the largest moves before the bell.
CNBC · 13 Oct, 11:49 amVisa gets Beijing's green light for bank card business after 40 years of working with China
The incremental approval comes as the U.S. and Chinese presidents are due to meet for a third time this year next month.
CNBC · 13 Oct, 06:20 am'Boring is not bad': CEO of Southeast Asia's largest bank pitches Singapore as a haven amid global turmoil
Singapore is a bastion of safety amid global turmoil, according to the CEO of DBS.
CNBC · 13 Oct, 01:26 amThe bull market turned 4 years old on Monday. Investors say reaching a fifth birthday could be challenging
The S&P 500 has climbed almost 120% since its closing low on Oct. 12, 2022.
CNBC · 12 Oct, 06:18 pm