Fintech firm Zaggle Prepaid Ocean Services Ltd has entered into a five-year agreement with Hindustan Petroleum Corp. Ltd (HPCL) on Wednesday, July 1, to support the oil marketing company's flagship fleet programme, Drive Track Plus, the company said in an exchange filing.Under the agreement, Zaggle…
Domestic equity benchmarks rebounded on Wednesday, snapping a two-day losing streak as buying in heavyweight financials, Reliance Industries and automobile stocks helped offset continued weakness in the information technology pack.The Sensex advanced 444 points to close at 76,923, while the Nifty 5…
Tata Motors Ltd. on Wednesday reported a 35% year-on-year increase in total commercial vehicle sales for June, aided by strong growth in both domestic and international markets.Domestic commercial vehicle sales rose 31% to 36,599 units in June from 27,936 units a year earlier. International busines…
Anoop Vijaykumar, Head-Equities at Capitalmind AMC, said the investment firm has limited exposure to IT because of uncertainty around AI's impact on earnings and business models. He said large-cap IT offers better valuation comfort than midcaps, while select mid-sized private banks remain attractiv…
Tata Sons will hold its Annual General Meeting (AGM) on 18 August, with a decision on the reappointment of Executive Chairman N Chandrasekaran expected to be finalised by the board ahead of the meeting, sources familiar with the development told CNBC-TV18.According to the sources, shareholder appro…
Gold and silver prices declined sharply in the domestic futures market on Wednesday (July 1), tracking weakness in global bullion prices amid rising US Treasury yields, firm expectations of higher interest rates, and easing hopes of a near-term diplomatic breakthrough between the United States and…
Shares of Infosys Ltd. are trading with losses for the fourth day in a row on Wednesday, July 1, slipping below the mark of ₹1,000. That is a level it has not closed below since September 24, 2020.Infosys has had the worst start to a calendar year, having declined 38% in the first six months of 202…
APL Apollo Tubes Ltd. reported a 6% year-on-year decline in sales volume for the June quarter, with dispatches falling to 744,823 tonnes from 794,350 tonnes in the corresponding period last year, according to an exchange filing.The company said it sold 7.45 lakh tonnes during Q1FY27, marking a soft…
Private sector lender Karur Vysya Bank on Wednesday, July 1, reported healthy business growth for the quarter ended June 30, 2026, with total deposits and advances registering double-digit year-on-year growth, according to its provisional business update.The bank's total business rose 15.94% year-o…
MOIL Ltd. has revised the prices of its manganese ore products for July, lowering prices across most grades by 5%, while announcing a 10% reduction for select manganese ore codes, according to an exchange filing.The revised prices, effective from July 1, 2026, cover ferro-grade manganese ore, chemi…
Rocket Lab stock is in lift-off mode, surging about 20% after the company announced Monday it is acquiring Iridium Communications for roughly $8 billion.What grabbed my attention wasn't just the size of the deal. It's that the acquiring company rallied this hard on this smaller-sized deal, which al…
Coal India Ltd. reported a 7.5% year-on-year decline in coal production for the first quarter of FY27, while offtake rose 3.5%, according to its provisional operational update released on Wednesday, July 1.The state-run miner produced 169.6 million tonnes (MT) of coal during the April-June period…
Shares of Tata Motors Passenger Vehicles Ltd. (PV) declined on Wednesday, July 1, as brokerage firm Citi has maintained its "sell" rating on the stock even as it was positive on its recent Sierra EV launch.The brokerage's 'sell' rating comes with a price target of ₹320 per share, indicating a downs…
On a recent walk along the waterfront near my home, I noticed a yacht in the marina with the name "Leverage," a not-so-subtle reminder that many fortunes are built on borrowed money, labor and technology.It is not always a one-way ticket to success though. Investors use leverage to amplify returns…
India's new Reserve Bank of India (RBI) guidelines on funding for capital market intermediaries are expected to increase funding costs for proprietary trading firms, but the broader broking industry is unlikely to face major disruption, according to HDFC Securities Managing Director and CEO Dhiraj…
The United States has removed four Indian companies from its Russia-related sanctions list, according to an update issued by the US Department of the Treasury's Office of Foreign Assets Control (OFAC).The entities delisted from OFAC's Specially Designated Nationals (SDN) List are RRG Engineering Te…
Shares of Paisalo Digital Ltd. surged 20% on Wednesday, July 1, after the non-banking financial company (NBFC) said its promoters increased their stake by 4.97% through open market purchases during the first quarter of financial year 2027.The company said promoter shareholding has risen to 46.72% f…
Road construction companies could be heading into a better phase after nearly two years of slow project awards, according to Vijay Agarwal, Managing Director & Sector Lead-Infrastructure at Equirus Capital.He believes the biggest bottleneck, land acquisition, is gradually being resolved, paving the…
Bitcoin fell to a fresh 21-month low as the prospect of higher interest rates and concerns about the largest corporate buyer of the token weakened sentiment.Bitcoin dropped as much as 1.5% to $57,742 in Asian trading on Wednesday, its lowest level since Sept. 17, 2024, before steadying by 10 a.m. i…
China's manufacturing section recorded its strongest quarterly performance since late 2020, although growth eases marginally in June, indicating that factory activity remains resilient even as broader economic conditions remain fragile.The RatingDog China Manufacturing Purchasing Managers' Index (P…
