Bino Pathiparampil, Head of Research, Elara Securities (India), says Indian markets are nearing a medium-term bottom after a prolonged correction and is turning constructive on banks, power, select new-age companies, IT and real estate. While pharma remains a defensive bet, he expects margin pressu…
The Reserve Bank of India (RBI) has revised the application form and indicative checklist for voluntary surrender of Certificate of Registration (CoR) by Non-Banking Financial Companies (NBFCs), including Housing Finance Companies (HFCs), following recent regulatory amendments issued in April 2026…
The sell-off seen in shares of KPIT Technologies Ltd. on Wednesday, July 1, has also impacted its fellow ER&D companies, Tata Elxsi Ltd. and Tata Technologies Ltd., both of which have extended their losing streak.Shares of Tata Elxsi are trading with losses of 5% and are the second-worst performers…
BlackRock Investment Institute sees India as a potential beneficiary of a shift in global investor allocations as easing energy prices and improving geopolitical conditions strengthen the country's investment case, according to Ben Powell, Chief APAC & Middle East Investment Strategist at BlackRock…
The markets were surprised by Ashok Vaswani’s decision to step down from Kotak Mahindra Bank, whose shares slid over 3% on the first trading day after the announcement.But many insiders saw the signs as early as January this year, when the bank onboarded 55-year-old Anup Saha as an executive direct…
Shares of Waterways Leisure Tourism Ltd., the operator of cruise company Cordelia Cruises, listed on the bourses at a discount in comparison to their issue price.The stock began trading at a price of ₹681 per share, a discount of 16% in comparison to its issue price of ₹808 per share.The ₹585 crore…
Bank of Baroda and Mizuho Bank have entered into a strategic partnership aimed at expanding collaboration in mergers and acquisitions (M&A) financing, structured lending, cross-border financing solutions, and corporate and investment banking services.The partnership was announced in Mumbai on June…
Shares of VA Tech Wabag Ltd. shares gained nearly 6% on Wednesday, July 1, after the company won a "large" order with regards to the expansion of the Donauinsel Water Works in Vienna, Austria.The company classifies international contracts in the $30 million to $75 million range as "large."VA Tech W…
Companies have begun reporting sales figures for the month of June and we at CNBC-TV18 will bring you all the updates right here. Here's a look at the numbers reported so far:Mahindra & MahindraMahindra & Mahindra Ltd. reported sales figures for the month of June on Wednesday, July 1, which include…
The Indian rupee opened slightly weaker at 94.68 against the US dollar on Wednesday (July 1), compared with Tuesday’s (June 30's) close of 94.66, as investors balanced improving macroeconomic signals with caution over global market conditions.Despite the marginal decline at the opening, sentiment a…
The Reserve Bank of India's new rules for proprietary trading, which came into effect on July 1, are expected to significantly increase funding costs for domestic broking firms and high-frequency traders, according to Rajesh Baheti, Managing Director of Crosseas Capital Services.Baheti said, “It's…
Shares of NCC Ltd., RITES Ltd., RailTel Ltd., Newgen Software Ltd. and Paras Defence and Space Technologies Ltd. and Prestige Estates Projects Ltd. are in focus on Wednesday, July 1, after reporting order wins, launches and more.NCCNCC said its transportation division won two orders, cumulatively w…
Gold and silver prices remained under pressure on Wednesday (July 1), extending recent declines amid cautious sentiment in global markets. COMEX gold was trading at $3,993 per ounce, down $45.50 or 1.13%, while COMEX silver fell 2.93% to $57.735 per ounce in the latest trade.Gold prices weakened af…
Brokerage firm Jefferies has initiated coverage on exchange service provider Multi Commodity Exchange of India (MCX) Ltd. in its latest note on Wednesday, July 1.Jefferies has initiated coverage on MCX with a "buy" rating and a price target of ₹3,600, which implies an upside potential of 28% from T…
India Ratings and Research (Ind-Ra) has downgraded Jana Holdings’ non-convertible debentures (NCDs) to ‘IND D’ from ‘IND BB’/Stable after the company and its parent, Jana Capital, extended the maturity of their debt obligations originally due on June 30.In a press release dated June 30, Ind-Ra said…
Shares of Housing and Urban Development Corporation Ltd. gained nearly 2% on Wednesday, July 1, after the company reported an increase in loans sanctioned and disbursed in the first quarter compared to the previous year.HUDCO, in its business update for the June quarter, stated that its loans sanct…
Bharat Heavy Electricals Ltd. (BHEL), the state-run capital goods company, has continued its good run over the last five years in the first half of 2026 as well, with the stock going up by 45% during this period.BHEL's returns in the first half of 2026 come on the back of five consecutive years of…
Shares of KPIT Technologies Ltd., having already declined 10% over the last two sessions, are down another 10% on Wednesday, July 1, after the company warned of its June quarter results to be weak.What Did KPIT Tech Say On June 30?On Tuesday evening, KPIT Tech said in an exchange filing that it exp…
Oil prices rose after witnessing their biggest quarterly drop ever since the Covid-19 pandemic, as traders tracked the US-Iran peace talks and the return of shipping via the Strait of Hormuz.Brent was above $73 a barrel, while West Texas Intermediate was close to $70 a barrel.US negotiators Jared K…
Asian shares increased on Wednesday after they capped their best quarter in around 17 years.Stocks in South Korea and Japan advanced as the Kospi, taking the MSCI Asia Pacific index up 0.3%.The gains came after a tech-fueled rally lifted US stocks, with the S&P 500 climbing 0.8% and the Nasdaq 100…
