Mumbai: Bank lending to industry in the first two months of FY27 was led by the power sector, followed by chemicals, and vehicles, even as exposure to telecommunications declined, reflecting a shift in sectoral credit allocation by lenders.According to data for the period between end-March 2026 and end-May 2026, gross bank credit to industry rose…
Rupee kicked off Tuesday’s session on a firm footing, rising 15 paise against the US dollar as lower crude price expectations and easing tensions in the Middle East improved market sentiment. Saudi Arabia’s decision to sharply cut oil prices for Asian buyers added to the positive mood. The currency opened at 95.33 in the interbank…
The AI-driven rally that turned South Korea into one of the world’s hottest equity markets ran out of fuel on Tuesday. As of 9:50 am IST, the Korean benchmark tumbled over 7%, to trade at 7,478.61, down 572.72 points. The plunge comes as a sharp reversal for a stock that inched record highs this year,…
BENGALURU: India’s IPO pipeline is gathering momentum, with the National Stock Exchange (NSE) and Bengaluru-based Manipal Health Enterprises lining up two of the country’s biggest public issues even as smaller new-age companies prepare to tap the market. While NSE is targeting a Rs 30,000-crore IPO in Sept that could value the exchange at over Rs…
Top stocks to buy today (AI image) Stock market recommendations: Mankind Pharma, Bajaj Auto, UNO Minda, and Jubilant FoodWorks – Somil Mehta, Head of Retail Research at Mirae Asset Sharekhan has identified these four as the top stocks to buy on July 7, 2026:Mankind Pharma: Buy in the range between Rs 2541- Rs 2542; Stop…
NEW DELHI: India is in the final stages of preparing Semicon 2.0, the next phase of its semiconductor mission, with govt set to broaden incentives beyond chip fabrication to support the country’s wider semiconductor ecosystem.Speaking during an online session hosted by the India Semiconductor Mission (ISM) on Monday, ISM CEO Amitesh Kumar Sinha said the…
Strong buying in banking heavyweights and easing crude oil prices helped Indian equities end Monday on a positive note, extending the market’s recent rally. The BSE Sensex rose 521.16 points, or 0.67%, to settle at 78,285.07, while the NSE Nifty gained 159.50 points, or 0.66%, to close at 24,430.35. The movement reflected improving investor confidence…
AI generated image, used only for representational purpose Oil prices inched higher on Tuesday as traders are now focused on supply demand and recovering shipments across the crucial Strait of Hormuz. Around 7 am, WTI crude was trading at $68.83 a barrel, up 0.41% while Brent crude rose 0.38% to $72.26 a barrel.However, the gains…
In a sign of intense competition among oil producers, Saudi Arabia on Monday slashed crude prices by $11 a barrel for Aug, the sharpest fall in 26 years.The discount on Arab Light Crude follows a $6/barrel cut for July after the Strait of Hormuz opened, resulting in oil prices crashing to pre-Feb 28 levels. Saudi’s…
Mumbai: Flipkart‘s board has approved a second Esop (employee stock ownership plan) liquidity event, allowing eligible employees to liquidate up to 5% of their outstanding options vested over the past three years at Rs 713.4 per option, an internal email from group CEO Kalyan Krishnamurthy showed.The second liquidity event is likely to be around $25…
