Nonetheless, uncertainty looms over Iran’s attendance, with worries arising from reported ceasefire breaches and recent actions in Lebanon. Pakistan is gearing up to host delegations from the three nations, but Tehran’s confirmation remains pending.
In other news, market sentiment surged positively as Indian stocks recorded their strongest weekly gains in five years, breaking a six-week losing streak amid decreasing geopolitical tensions. In policy updates, the RBI has suggested a new classification framework for NBFCs.
US Vice President JD Vance departs from Washington for The Islamabad Summit with IranUS Vice President JD Vance is headed to Islamabad, Pakistan, for crucial peace negotiations with Iran scheduled for Saturday. Vance will lead the American delegation alongside special envoy Steve Witkoff and Jared Kushner.Doubts persist regarding Iran’s participation as Pakistan prepares for US-Iran-Israel peace discussionsAs Pakistan makes arrangements for delegations from the US, Iran, and Israel for peace talks in Islamabad, uncertainty surrounds Iran’s involvement due to Israel’s ceasefire violations and attacks on Lebanon.
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Oil prices to remain steady above $80; gold upside appears restricted in near term: Nirmal Bang SecuritiesKunal Shah, VP of Commodities Research at Nirmal Bang Securities, suggests that oil prices are unlikely to experience a significant decline despite recent sluggishness.
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Best week in five years: Markets end six-week losing streak on global cuesIndian equity markets made a significant recovery this week, halting a six-week decline and achieving their strongest weekly performance in five years, supported by easing geopolitical tensions following a US-Iran ceasefire initiative. The rally was broad-based, with all sector indices closing higher and nearly 90% of stocks advancing.
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RBI’s draft rules for new NBFC classification — what’s changing
The Reserve Bank of India (RBI) has proposed a substantial modification of the classification framework for upper-layer non-banking financial companies (NBFCs), moving towards a simpler asset-size-based system.
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Also Read: RBI suggests time lag, tighter measures to combat digital payment fraud; seeks feedback by May 8
SP Group advocates for Tata Sons listing ahead of RBI’s decisionThe Shapoorji Pallonji Group, a significant shareholder in Tata Sons, is urging the Reserve Bank of India (RBI) to encourage the company to go public, as the central bank is expected to render a verdict on the issue by month’s end.
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US Secretary of State Marco Rubio to travel to India as both nations aim to enhance trade relations
U.S. Secretary of State Marco Rubio addresses reporters in a departure lounge before heading back to Washington after meetings with Caribbean Community (CARICOM) leaders at Robert L. Bradshaw International Airport in Basseterre, Saint Kitts and Nevis, February 25, 2026. REUTERS/Jonathan Ernst/Pool
US Secretary of State Marco Rubio is scheduled to visit India in May 2026 as New Delhi and Washington seek to mend ties strained by US tariff policies.
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Swiggy co-founder Nandan Reddy resigns; board restructuring in progress
Swiggy co-founder Nandan Reddy has stepped down from the company’s board to pursue independent endeavors, marking a significant leadership transition.
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GoPro joins Oracle, Microsoft in layoffs; plans to reduce 23% of global workforce
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American camera maker GoPro has announced a significant round of layoffs. Following tech companies Microsoft and Oracle, it plans to cut about 23% of its global workforce as part of a larger restructuring initiative aimed at cost savings and restoring profitability.
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Former IAS Subodh Agarwal arrested in Jal Jeevan Mission ‘scam’Subodh Agarwal, a former senior bureaucrat in Rajasthan, was detained by the Rajasthan Anti-Corruption Bureau (ACB) from New Delhi on Thursday, March 9, in connection with alleged malpractice in the Jal Jeevan Mission.
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Mounjaro experiences market share decline in March as Semaglutide generics riseEmerging data from the Indian weight-loss drug market highlights that Mounjaro, containing the active ingredient tirzepatide, appears to be losing ground as semaglutide generics entered the market on March 21. Early data for the month indicates this trend.
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We’ll see you on Monday with another engaging ‘Top 10@10.’
