Key reductions:

• FIIs trimmed their stake in Urban Company Ltd from 65.63% to 55.77%, a decrease of 9.86%.
• FIIs reduced their stake in ICICI Bank Ltd from 43.87% to 34.48%, marking a decrease of 9.39%.
• FIIs decreased their stake in Aavas Financiers Ltd from 24.72% to 16.74%, reflecting a decline of 7.98%.
• FIIs trimmed their stake in Restaurant Brands Asia Ltd from 16.82% to 10.59%, down by 6.23%.
• FIIs reduced their stake in Manappuram Finance Ltd from 28.78% to 23.23%, representing a decrease of 5.55%.

This trend is not isolated; FIIs have consistently reduced their stakes in several mid-cap stocks over the past four quarters. The ongoing portfolio rebalancing aligns with profit booking strategies observed across the market.

Other significant reductions include Max Healthcare Institute Ltd, where FIIs decreased their stake from 50.55% to 45.39%. Bliss GVS Pharma Ltd saw its stake drop from 14.54% to 10.45%. CarTrade Tech Ltd experienced a reduction from 64.58% to 60.15%, while Landmark Cars Ltd fell from 9.82% to 5.05%.

The overall market capitalisation of these firms may reflect the cautious approach taken by investors, as they navigate uncertain economic conditions and sector performance variability.

The current stake for Adani Total Gas Ltd stands at 12.75%, down from previous levels, while IRCTC has seen its share drop to 4.86%. As the landscape evolves, further developments are expected as FIIs reassess their positions amidst changing market dynamics.

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Hajdini has worked at JPMorgan for 15 years and is currently an executive director. She categorically denies all allegations made against her. Rana did not report to Hajdini; they were colleagues on the same team but reported to different managers.

Rana attempted to negotiate a multi-million dollar settlement to leave JPMorgan before filing the lawsuit. The lawsuit names JPMorgan Chase as a defendant, accusing the bank of retaliation against him. A spokesperson for JPMorgan stated, “Following an investigation, we don’t believe there’s any merit to these claims.”

The lawsuit has been retracted for corrections, and no trial date has been set. Amid the controversy, Hajdini’s LinkedIn account was deleted. Observers note that Rana has tarnished her reputation with what they describe as a complete fabrication.

The exact details of the allegations and the motivations behind the lawsuit remain unclear. Rana is now a principal at investment firm Bregal Sagemount, having previously worked at JPMorgan.

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“The first Saturday of the month is a working day for banks in India, so branches were open on April 4,” a banking official stated. This marks a significant point in the banking calendar, as banks typically follow a schedule where only specific Saturdays are designated as non-working days.

On April 5, 2026, however, banks will observe their weekly off, closing their doors to the public. This pattern is consistent across bank branches throughout India, which typically operate on a five-day workweek.

The next cluster of state-wise bank holidays is set to occur between April 14 and April 21, 2026. April 14 is particularly notable, as it is observed for Dr B R Ambedkar Jayanti, Tamil New Year, Vishu, and Bohag Bihu in various states.

Following this, April 15 will see the celebration of Bengali New Year in some regions, while April 21 is designated for Mahavir Jayanti in several states. These holidays reflect the diverse cultural observances across the country.

According to banking regulations, only the second and fourth Saturdays are recognized as official holidays, which can lead to confusion among customers. “Bank holidays in India are not always straightforward,” an industry expert commented.

For customers needing to conduct transactions during these holidays, it’s important to note that services such as UPI, IMPS, NEFT, and RTGS remain available 24×7, including on bank holidays. This ensures that financial transactions can continue even when physical bank branches are closed.

As the banking landscape evolves, understanding the holiday schedule becomes crucial for both consumers and businesses alike. With the upcoming holidays, customers are encouraged to plan their banking activities accordingly.

Details remain unconfirmed regarding any potential changes to the holiday schedule or banking operations in the near future. Stakeholders are advised to stay updated on announcements from banking authorities.

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Before the announcement of the bank holidays in April 2026, expectations were set for a relatively standard banking schedule. However, the situation has changed dramatically with the confirmation of multiple holidays coinciding with significant religious and public observances.

April 1, 2026, marks the Annual Bank Closing, which is a routine event. Following this, banks will observe Good Friday on April 3, and Dr. B.R. Ambedkar Jayanti on April 14, among other holidays. This series of events leads to a total of 14 days when banks will be closed throughout the month, including weekends and state-specific festivals.

The decisive moment came when the Reserve Bank of India (RBI) outlined the holiday schedule, which includes not only national holidays but also regional observances such as Vaisakhi and Tamil New Year. As a result, the banking sector will face significant operational challenges due to these closures.

For customers and businesses, this means limited access to banking services during these crucial days. While online banking, ATMs, and UPI services will remain operational, the physical branches will not be available for transactions, which could disrupt financial activities for many.

Experts have noted that the clustering of holidays in April 2026 is unprecedented, with April 2 also being a holiday for Ram Navami, further complicating the banking landscape. The impact of these closures will likely be felt across various sectors, particularly in retail and services that rely heavily on cash transactions.

In addition to the holidays, banks will also observe their regular closures on Sundays and the second and fourth Saturdays of the month, as mandated by RBI guidelines. This means that customers should plan their banking activities accordingly to avoid inconvenience.

Data indicates that the total number of bank closures in April 2026 will reach 14 days, a significant number that could affect cash flow and financial planning for many individuals and businesses alike.

As the month approaches, stakeholders are advised to stay informed about the holiday schedule and prepare for the potential impacts on their financial operations. Details remain unconfirmed regarding any additional measures that banks may implement to mitigate these challenges.

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Jio Financial Services Ltd has received a ‘Sell’ rating as of March 20, 2026, reflecting significant concerns regarding its financial performance and market position. This rating indicates a cautious stance for investors, especially as the company faces declining profitability and high valuation metrics.

As of the latest evaluation, Jio Financial Services is trading at a price-to-book value of approximately 1.1, which raises questions about its valuation. The company reported a return on equity (ROE) of just 1.2%, highlighting its struggles to generate returns for shareholders.

Further compounding these issues, the profit before tax (PBT) excluding other income fell by 21.2% to ₹370.94 crores, while the net profit after tax (PAT) decreased by 33.1% to ₹268.98 crores. These figures suggest a troubling trend in the company’s financial health.

Additionally, Jio Financial Services has seen its cash and cash equivalents drop to ₹3.66 crores, raising liquidity concerns. The stock has lost 17.92% in value year-to-date, reflecting a bearish sentiment among investors.

The PEG ratio stands at 96.1, indicating overvaluation concerns that further complicate the investment landscape for Jio Financial Services. The stock has delivered a modest 4.53% return over the past year, which is insufficient to attract new investors given the current market conditions.

Technical indicators also paint a negative picture, with a decline of 18.47% over the past three months, suggesting limited upside potential for investors at present. Analysts recommend that investors weigh the company’s good quality against its expensive valuation and flat financial trends.

In light of these developments, the ‘Sell’ rating reflects a comprehensive evaluation of Jio Financial Services Ltd’s market position. Investors should interpret this rating as a signal to approach the company with caution, particularly given the combination of expensive valuation, flat financial performance, and bearish technical indicators.

Details remain unconfirmed regarding potential strategies the company may adopt to address these challenges. As the situation evolves, further developments are expected to clarify the future trajectory of Jio Financial Services Ltd.

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“Current market conditions mean our attrition rates are very low within certain parts of our audit population, which is why we are proposing to right-size those areas,” said a spokesperson for KPMG UK.

The firm has warned nearly 600 audit staff that their roles are at risk, with up to 440 employees potentially leaving the company after a consultation period. This move is part of a broader trend affecting the auditing industry, which has seen significant cuts in recent months.

The layoffs would impact approximately 6 percent of the audit division’s workforce, which totals around 7,100 employees. The cuts are primarily focused on assistant managers who are qualified accountants.

In addition to the audit staff reductions, KPMG is also set to eliminate 120 roles across its advisory arm, further indicating the firm’s efforts to streamline operations amid changing market dynamics.

KPMG’s decision comes as the consulting industry has been quietly retracting after years of rapid hiring. The firm has already made the steepest cuts in 2023 compared to its competitors, including Deloitte, EY, and PwC.

“This isn’t a decision we take lightly, and we will support our people throughout this consultation,” the spokesperson added, emphasizing the firm’s commitment to its employees during this challenging time.

Details remain unconfirmed regarding the exact timeline for the consultation process. As KPMG navigates these changes, the impact on its workforce and the broader implications for the auditing sector remain to be seen.

The layoffs reflect a significant shift in the industry, as firms adjust to new economic realities and changing client demands. KPMG’s actions may set a precedent for other companies in the sector as they evaluate their staffing needs moving forward.

As the situation develops, stakeholders will be closely monitoring KPMG’s next steps and the outcomes of the consultation process.

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LPL Financial Holdings Inc. reported total advisory and brokerage assets of US$2.43 trillion and US$9.1 billion in organic net new assets for February 2026. This growth underscores the firm’s robust position in the financial services industry, with advisory assets now representing 59.3% of total assets.

The firm anticipates reaching $23.0 billion in revenue and $1.9 billion in earnings by 2028, indicating a strong outlook for future performance. LPL Financial’s market capitalization currently stands at $23.81 billion, with a price-to-earnings (P/E) ratio of 26.97.

In a notable development, Assenagon Asset Management S.A. acquired an additional 26,509 shares of LPL Financial in the fourth quarter, bringing its total holdings to 28,912 shares. This acquisition reflects growing confidence in LPL Financial’s business model and market strategy.

Kelly Lawrence, a representative from LPL Financial, emphasized the firm’s commitment to its clients, stating, “Our clients span every background imaginable, but the common thread is that they are all genuinely good people.” This sentiment highlights the firm’s focus on building strong relationships with its clientele.

Lawrence further noted, “LPL gives us the independence of an entrepreneurial practice along with the technology, tools and support you’d expect from a much larger institution — without the proprietary product pressures.” This approach has been pivotal in attracting independent financial advisors to LPL’s platform.

Scott Posner, another key figure at LPL, expressed enthusiasm about the recent integration of the Gibson Financial Group team into the Linsco community, stating, “We’re pleased to welcome the Gibson Financial Group team to the Linsco community.” This integration is expected to enhance LPL’s service offerings and expand its reach in the market.

LPL Financial is recognized as a U.S.-focused financial services firm that provides brokerage, custodial, and advisory platforms to independent financial advisors. The company’s shift toward fee-based advisory relationships remains a core focus of its business model, positioning it well for future growth.

Details remain unconfirmed regarding any further strategic initiatives or partnerships that may arise as LPL Financial continues to expand its operations and enhance its service offerings in the financial sector.

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LPL Financial Holdings Inc. has announced impressive figures for February 2026, reporting total advisory and brokerage assets of US$2.43 trillion and US$9.1 billion in organic net new assets. These figures highlight the firm’s strong position in the financial services industry, particularly as it continues to shift towards fee-based advisory relationships.

As of February 2026, advisory assets accounted for 59.3% of LPL’s total assets. This strategic focus on advisory services aligns with the company’s long-term goals, as it aims to enhance its offerings to independent financial advisors. Kelly Lawrence, a representative from LPL, emphasized the diverse backgrounds of their clients, stating, “Our clients span every background imaginable, but the common thread is that they are all genuinely good people.”

Looking ahead, LPL Financial projects a revenue of $23.0 billion and earnings of $1.9 billion by 2028. This optimistic forecast reflects the firm’s confidence in its business model and the growing demand for its services. Lawrence further noted, “LPL gives us the independence of an entrepreneurial practice along with the technology, tools and support you’d expect from a much larger institution — without the proprietary product pressures.”

In recent developments, Assenagon Asset Management S.A. has increased its stake in LPL Financial by acquiring an additional 26,509 shares. As of its latest filing, Assenagon’s holdings in LPL Financial were valued at $10,326,000. This investment underscores the confidence that institutional investors have in LPL Financial’s growth trajectory.

LPL Financial also announced a quarterly dividend of $0.30, which was paid on March 24, 2026. This move is seen as a positive signal to shareholders, reinforcing the company’s commitment to returning value to its investors. The firm currently boasts a market capitalization of $23.81 billion and a price-to-earnings (P/E) ratio of 26.97, indicating a strong valuation in the market.

As LPL Financial continues to expand its services and enhance its platform for independent advisors, observers are keenly watching how these strategic initiatives will play out in the coming years. The firm’s ongoing commitment to innovation and client service is expected to drive further growth, but details remain unconfirmed regarding any potential new partnerships or service offerings.

In summary, LPL Financial Holdings Inc. is positioned strongly within the financial services sector, with substantial assets and a clear growth strategy. The firm’s focus on advisory services and its recent financial performance indicate a promising future as it seeks to solidify its market presence.

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Jio Financial Services Ltd has recorded a significant decline in its stock performance, with a day change of -3.99%. This downturn is part of a broader trend affecting the Finance/NBFC sector, which saw an overall drop of -4.04% during the same trading session.

The company’s stock reached an intraday low, marking a 4.16% fall to Rs 229.2. Over the past three consecutive trading days, Jio Financial Services has lost -7.51%, indicating persistent downward momentum.

In a wider context, the Sensex index closed at 72,754.35, reflecting a 2.39% drop. This decline marks the third consecutive week of losses for the Sensex, which has now lost 7.81% over this period.

Jio Financial Services Ltd currently holds a Mojo Score of 37.0, indicating a Sell grade. Furthermore, the company has faced a year-to-date loss of 22.55%, raising concerns among investors.

The stock’s position below all major moving averages suggests that the downward momentum may continue, posing challenges for recovery in the near term. Market analysts are closely monitoring these developments as they unfold.

Details remain unconfirmed regarding potential strategies the company may implement to counteract this trend. Investors are advised to stay informed as the situation evolves.

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The Amir Chand Jagdish Kumar Exports IPO is currently open for subscription, having entered its second day on March 25, 2026. This ₹440 crore book-building issue consists entirely of a fresh issue of 2.08 crore shares, with a price band set between ₹201 and ₹212 per share.

The lot size for an application is 46 shares, requiring a minimum investment of ₹14,840 for retail investors. As of today, the overall subscription status stands at 1.27 times, indicating a positive response from the market.

Breaking down the subscription figures, Qualified Institutional Buyers (QIBs) have subscribed 0.58 times, while Non-Institutional Investors (NIIs) have shown significant interest with a subscription rate of 4.82 times. Retail Individual Investors (RIIs) have subscribed 0.46 times.

The Grey Market Premium (GMP) for the IPO is ₹7 over the IPO price, reflecting investor sentiment towards the offering. The IPO is set to close on March 27, 2026, with the basis of allotment expected to be finalized by March 30, 2026.

Looking ahead, the tentative listing date on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) is April 2, 2026. The company plans to utilize ₹400 crore from the IPO proceeds towards funding working capital requirements.

Details remain unconfirmed regarding any further developments or potential changes in the subscription status as the closing date approaches. Investors are advised to stay updated on the latest information as the IPO progresses.

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