business

Asian markets showed mixed performance as investors digested President Trump’s positive remarks on his meeting with Xi Jinping, which included tariff reductions and China’s commitment to resuming soybean purchases. Central banks in Japan and Hong Kong maintained steady or adjusted policies, while cautious signals from the Federal Reserve regarding future rate cuts influenced global sentiment.

SEBI is proposing significant changes to the KYC verification process for new mutual fund investors, aiming to streamline access and reduce delays. The regulator also plans to revise the mutual fund fee structure, removing an additional 5 bps charge and tightening brokerage limits to enhance transparency and lower costs for unit holders.

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Thursday on weak global cues. While Nifty50 went below 26,000, BSE Sensex was down over 200 points.

OpenAI, the parent company of ChatGPT, is reportedly exploring a Wall Street debut as early as the second half of 2026, with a potential valuation of up to $1 trillion. The artificial intelligence giant is examining raising around $60 billion, aiming to fund its ambitious AI infrastructure goals and reduce reliance on Microsoft.

US President Donald Trump hinted at a potential trade deal with China during high-stakes talks with Xi Jinping in South Korea. Amidst looming tariffs and trade tensions, both leaders expressed a desire for constructive management of their complex relationship, acknowledging existing frictions but seeking stability.

US Senators have dealt a significant blow to President Trump’s tariff order on Canada, revoking his authority to impose steep duties. The resolution passed with bipartisan support, including four Republicans, as lawmakers argue the tariffs lack justification under emergency powers. Concerns over economic harm to states like Maine also fueled opposition.

Honda is set to transform India into a global manufacturing hub for its upcoming electric car, the Honda 0 α (alpha), slated for a 2026-27 debut. Developed for India and other Asian markets, the vehicle will be produced at Honda’s Rajasthan plant.

Mehli Mistry’s Exit Helps Chairman Noel Tata Deepen Influence, Expected To Streamline Decision-Making Processes At The $180-Bn Conglomerate

Fintech giant Fiserv Inc. experienced a significant 44% stock crash following a drastic cut to its full-year earnings and revenue guidance. The company cited Argentina’s economic downturn as a primary drag on growth. Alongside these disappointing results, Fiserv announced a sweeping leadership overhaul and plans to move its stock listing to Nasdaq.

Paramount Skydance Corporation is implementing a significant restructuring, announcing plans to eliminate approximately 2,000 jobs, representing about 10 percent of its workforce. This move, detailed in an internal memo from CEO David Ellison, aims to streamline operations and achieve substantial cost savings following the merger with Skydance Media.