Broadband technology firm Sterlite Technologies Ltd (STL) on Thursday (July 2) said it has raised ₹1,500 crore through a qualified institutions placement (QIP), with participation from domestic and global investors.The company said it allotted 2.57 crore equity shares to qualified institutional buy…
A block deal was launched in PB Fintech, the parent company of Policybazaar and Paisabazaar, on Thursday, July 2.MacRitchie Investments, an arm of Temasek, is likely to sell 1.19 crore shares, representing a 2.6% stake in the company, through the transaction.The deal is valued at around ₹1,908 cror…
Avenue Supermarts Ltd, which operates the DMart retail chain, on Thursday (July 2) reported its business update for April-June 2026. The retailer reported a 15.1% year-on-year rise in standalone revenue from operations for the quarter ended June 30, 2026. The company's standalone revenue from opera…
Ujjivan Small Finance Bank’s total deposits rose 25.1% year-on-year to ₹48,307 crore from ₹38,619 crore in the June quarter in the financial year 2026-27, supported by a 37.8% increase in current account and savings account (CASA) deposits to ₹12,930 crore.The bank's gross loan book expanded 28.9…
Adani Enterprises Ltd on Thursday (July 2) launched a qualified institutional placement (QIP) to raise up to ₹10,000 crore, sources privy to the developments told CNBC-TV18.The indicative issue price has been set at ₹2,883 per share, which is at a 9.2% discount to the last closing price, sources cl…
State-run lender Punjab National Bank (PNB) on Thursday (July 2) said its global business rose 10.32% year-on-year to ₹29,99,876 crore as of June 30, 2026, with growth supported by steady expansion in deposits and advances.Global deposits stood at ₹16,70,180 crore, while global advances were at ₹12…
US stock futures traded mixed on Thursday as investors waited for the June jobs report, a key macro-economic data that could influence expectations for future interest rate decisions by the US Federal Reserve.Futures linked to the Dow Jones Industrial Average rose about 0.2%, while S&P 500 futures…
Thrissur-based CSB Bank Ltd on Thursday (July 2) said total deposits rose 26% year-on-year to ₹45,415 crore as of June 30, 2026, driven by strong growth in term deposits and moderate CASA expansion.Term deposits increased 33% year-on-year to ₹36,600 crore, while CASA rose 4% to ₹8,815 crore. The ba…
Homegrown FMCG firm Marico Ltd on Thursday (July 2) said it expects consolidated revenue to grow in the early twenties in the first quarter of FY27, driven by broad-based growth across its core, digital and international businesses, while the India business delivered double-digit underlying volume…
South Korean electronics maker LG Electronics India Ltd on Thursday (July 2) said the GST authorities have dropped a proposed demand of ₹116.72 crore, including penalty, for FY2021-22 after deciding the matter in the company's favour.The company received an order dated July 1, 2026 from the Joint C…
Shares of Bank of Baroda Ltd. fell as much as 5% on Thursday, July 2, after the public sector lender announced an out-of-court settlement with the joint administrators of NMC Health PLC, NMC Healthcare Ltd. and NMC Holding Ltd.In a regulatory filing, the bank said it has agreed to pay $600 million…
Shares of Baazar Style Retail gained 5% on Thursday, July 2, after the value fashion retailer reported a 29% year-on-year increase in standalone revenue from operations for the June quarter to ₹486 crore from ₹377.8 crore in the year-ago period.According to its quarterly business update, same-store…
The equity benchmark indices ended largely higher on Thursday (July 2), with the Sensex rising 579 points and the Nifty closing above the 24,150 mark, led by gains in IT stocks, strength in downstream oil companies and positive market breadth.Here are the five key reasons behind today's move:1. Ben…
Renewable energy platform Inox Clean Energy Ltd has raised ₹700 crore from Adar Poonawalla Family Office, through their investment arm, Rising Sun Holdings Pvt. Ltd, at a valuation of ₹70,000 crore, as the company seeks to strengthen its balance sheet and support further expansion.The investment fo…
State-run Bank of Baroda Ltd on Thursday (July 2) said its global business grew 15.46% year-on-year to ₹30.51 lakh crore as of June 30, 2026, with global advances rising 17.42% to ₹14.17 lakh crore and global deposits increasing 13.81% to ₹16.34 lakh crore.Global advances rose from ₹12.07 lakh cror…
Renu Baid Pugalia, Senior Vice President of Research at IIFL Institutional Equities, laid out a bullish medium-term case for several Indian capital goods companies, pointing to Thermax's margin recovery, CG Power's grid equipment dominance, and steady export momentum from US data center projects as…
NBCC (India) Ltd. on Thursday, July 2, said it secured work orders worth ₹955.13 crore during the quarter ended June 30, in the normal course of business.According to the company's exchange filing, the orders were awarded across April, May and June and span multiple construction and redevelopment p…
In a year marked by geopolitical tensions, volatile equity markets and growing anxiety around artificial intelligence, Radhika Gupta, CEO, Edelweiss Mutual Fund, believes investors should resist emotional investing and focus on balance.“We live in a very social media-driven world that rewards extre…
India's macroeconomic outlook has improved with lower crude oil prices and better monsoon progress, but investors should continue to expect moderate equity returns as global capital remains focused on artificial intelligence (AI)-linked companies, according to S Naren, Executive Director and Chief…
Shares of Tata Technologies Ltd. rose as much as 7.5% on Thursday, July 2, after the company announced that it has expanded its partnership with Tenneco LLC through a $100 million strategic engagement over the next five years. With this, the stock has reversed a five-day losing streak.In an exchang…
