India’s insurance sector added its third new entrant of 2026 after the Insurance Regulatory and Development Authority of India (IRDAI) granted registration to Prudential HCL Health Insurance to operate as a standalone health insurer in the country.The approval was granted during the regulator’s 136…
SoftBank Group has reopened talks with a consortium of lenders for a $10 billion loan backed by its stake in OpenAI, after earlier attempts to secure a loan stalled over concerns about the difficulty of valuing private companies, two people familiar with the matter said.To make lenders more comfort…
Shares of CSM Technologies are set to make their Dalal Street debut on Thursday, July 2. Ahead of the listing, sentiment in the grey market remains subdued, with the IPO commanding a nil premium, indicating expectations of a flat market debut.However, investors should note that grey market premiums…
After a selloff in US chipmakers rekindled worries that the AI-driven rise has overtaken fundamentals, Asian markets declined.South Korea's KOSPI stumbled down the trading stairs, falling over 6% in early trade. Japan's coveted Nikkei 225 also fell, shedding over 2% of its value.The MSCI Asia Pacif…
Sensex Today | Stock Market LIVE Updates: The Nifty bulls enter today's weekly expiry session of the Sensex contracts on the back of a positive start to the new month, quarter and F&O series. There is no change to the range of either the Nifty or the Nifty Bank, although the bulls will take heart f…
The Nifty IT index declined 31% between January to June this year. The only performance, worse than this, during a similar timeframe, came all the way back in 2001, when the index had declined 44%. The index is also at a three-year low.Most largecap IT names are down between 30% to 35% during this…
Benchmark indices on Wall Street had a volatile start to the month of July as they gave up initial gains to end with losses following a sell-off in chipmaking companies. Investors also assessed an address from Fed Chair Kevin Warsh at the European Central Bank Symposium in Portugal.The Dow Jones ma…
US stocks closed mixed-to-higher on Wednesday as investors weighed Federal Reserve Chair Kevin Warsh’s remarks that inflation risks had eased in recent weeks, even as he declined to provide any forward guidance on the interest-rate path and outlined a sweeping review of central bank operations.The…
Wipro ADRs fell more than 13% on Wednesday, extending recent losses as investor sentiment remained weak amid concerns over the company’s earnings outlook and the growing impact of artificial intelligence on traditional IT services.The stock has been under pressure following weak quarterly earnings…
Indian Bankon Wednesday reported a 13.6% year-on-year increase in total business to ₹15.28 lakh crore for the quarter ended June 30, according to its provisional business update.The public sector lender's gross advances rose 13.9% year-on-year and 2.7% sequentially to ₹6.85 lakh crore, while total…
Foreign institutional investors (FIIs) remained net sellers in the Indian equity market on Wednesday, offloading shares worth ₹1,140.50 crore, according to provisional exchange data.Domestic institutional investors (DIIs), meanwhile, continued to provide support, emerging as net buyers to the tune…
Punjab & Sind Bankreported a 15.33% year-on-year increase in its total business for the quarter ended June 30, supported by healthy growth in both advances and deposits, according to its provisional business update.The bank's total business rose to ₹2.67 lakh crore from ₹2.31 lakh crore in the corr…
The Delhi High Court on Wednesday held that the National Stock Exchange of India (NSEI) is a ’public authority’ under the Right to Information Act.A bench of justices C Hari Shankar and O P Shukla dismissed an appeal by the stock exchange assailing a single judge’s decision which ruled that NSEI qu…
Ola Electric Mobility Ltd's vehicle registrations nearly doubled sequentially during the first quarter of FY27, driven by improved retail execution, stronger customer demand and better product availability.According to the company's exchange filing on Wednesday, July 1, VAHAN registrations rose to…
South Indian Bank reported steady business growth for the first quarter of FY27, with gross advances rising 17.01% year-on-year to ₹1.04 lakh crore from ₹89,198 crore in the corresponding quarter last year. The bank said the figures are provisional and subject to audit by its statutory auditors.Tot…
A lot has changed, but nothing has changed at the same time for the market. The new month, series, quarter has begun on a positive note but the Nifty remains locked in the same range as it has been for nearly two months.Such has been the consolidation in the market that the Nifty moves across the l…
Coal India Ltd. has secured a 600 MW solar power project in Uttar Pradesh, while separately reporting that its Single Window Mode Agnostic (SWMA) e-auction platform allocated 108.76 lakh tonnes of coal in June at an average premium of 42% over the notified price.CIL wins major solar project in UPTh…
State-owned NMDC Ltd. on Wednesday reported a 44.3% year-on-year increase in iron ore production to 5.15 million tonnes (MT) in June, while sales rose 11.2% to 3.98 MT.On a sequential basis, however, production declined 3% from 5.31 MT in May, while sales slipped 1.5% from 4.04 MT.Chhattisgarh driv…
Ashiana Housing Ltd reported a decline in bookings for the first quarter of FY27, with the area booked falling to 3.61 lakh sq. ft. from 5.95 lakh sq. ft. in the corresponding period last year. The value of the area booked also declined to ₹357.80 crore from ₹430.97 crore year-on-year.During the Ju…
Tamilnad Mercantile Bank Ltd. reported a healthy business update for the quarter ended June 30, 2026, with strong growth in both deposits and advances, driven by sustained lending momentum.According to the bank's provisional business figures, total business rose 23% year-on-year to ₹1.22 lakh crore…
