36 C 
State Bank of India mobilized nearly two billion dollars under a central bank incentive. This amount significantly surpasses other state-owned and private sector banks' efforts. Other lenders like Bank of Baroda and Canara Bank raised smaller sums. Banks are now focusing on attracting overseas currency inflows from the Indian diaspora. This strategy aims to provide greater flexibility for high-net-worth clients.
Private insurers seek tweaks in unlisted investment plan
Private insurers want Irdai to change proposed investment norms for unlisted companies. They suggest linking exposure limits to shareholders' funds instead of surplus. This change could unlock billions for investment in privately held businesses. The proposed framework may expand sector investment capacity significantly. Insurers seek greater flexibility in managing investment portfolios.
Role reset as AI rises, managers emerge as new change agents
As AI technology continues to permeate workplaces, managers have become crucial players in its successful integration. Their role has evolved from merely overseeing tasks to fostering environments of learning and adaptability. Organizations are prioritizing the development of AI-ready teams through ongoing education, with managers guiding their teams in understanding and utilizing new technologies effectively.
QR code invention story: QR codes originated from manufacturing needs in the early 1990s. Existing barcodes struggled to store sufficient information for evolving production. Engineers at DENSO WAVE developed a compact, two-dimensional code for faster scanning. This new code offered greater data capacity and error correction for factory environments.
BJP to protest in Kashmir against NC-led govt's 'failures'
The Jammu and Kashmir BJP will protest on July 20 against the current government. This protest aims to expose alleged failures in governance and electoral promises. The opposition party criticizes the administration for neglecting key issues. They state the government diverts attention from its own shortcomings. The BJP intends to voice public concerns across Kashmir.
Fed's Lorie Logan sees no current inflationary pressure from wages
According to Dallas Federal Reserve President Lorie Logan, the labor market is not a contributing factor to current inflation. She highlighted that some Texas businesses are unexpectedly elevating wages. While expressing worry over the risk of a wage-price spiral, Logan noted that it is still too early to ascertain whether these trends will persist, stressing the need for continued evaluation.
Border infra indispensable in tech-driven warfare: Rajnath Singh
Defence Minister Rajnath Singh emphasized border infrastructure's vital role in future warfare. Strategic projects will define India's civilization for centuries to come. He praised the Border Roads Organisation's unprecedented speed in challenging terrains. Connectivity improvements are transforming remote villages into vibrant border communities. Modern technology and human resolve are driving this significant national development.
Charles Simonyi, known for Microsoft Word and Excel, avoided property taxes by living on a superyacht. His custom-built vessel, Skat, offered waterfront views and freedom from regulations. The yacht featured a minimalist interior inspired by art galleries and advanced noise reduction engineering. Simonyi later transitioned to space tourism before upgrading to another large yacht. He sold Skat in 2021, continuing his unique lifestyle choices.
'Should Todd Blanche's DOJ target Trump's enemies?': Schiff asks; Ashcroft delivers blunt response
Supreme Court says bulldozer demolition contempt pleas should be decided by high courts
The Supreme Court declined to hear contempt petitions regarding demolitions. It observed that each case involves different factual circumstances requiring high court adjudication. The bench transferred all contempt proceedings to the respective high courts for resolution. Senior advocates argued for intervention in cases of egregious violations of court orders. The court clarified its judgment did not offer blanket protection to illegal constructions.
Tech Mahindra revs up while Wipro slows down in a tale of two IT firms
While Tech Mahindra remains more optimistic, Wipros commentary was in line with TCS's and HCLTech's. TCS CEO K. Krithivasan said the demand environment remained unchanged, while HCLTechs C. Vijayakumar said the unchanged geopolitical environment was translating into muted client spending.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian equities ended subdued as geopolitical tensions capped gains despite optimism around Q1 earnings. Analysts expect stock-specific action, with financials, autos and digital firms in focus, while Nifty remains range-bound between key support and resistance amid cautious investor sentiment.
CEATs 22% revenue growth masks margin squeeze; 1,205-crore expansion raises the stakes
CEATs Q1 FY27 earnings were impacted by raw-material inflation and higher finance costs, despite strong demand and Camso consolidation boosting revenue to 4,318 crore
Market Trading Guide: ABB India among 2 stock recommendations for Friday
Indian equities ended subdued amid geopolitical concerns, volatile crude prices and weak Asian cues. Analysts recommend Chennai Petroleum and ABB India after strong technical breakouts, supported by rising volumes, bullish price structures and trading above key moving averages, indicating sustained upside potential.
ITC focusing sharply on addressing evolving consumer needs for taste and nutrition
ITC bets on premiumisation and health-focused products in packaged foods
Lack of revenue visibility had held back Tech Mahindras hiring plans
Company to restart campus hiring following revenue visibility
De Beers' Forevermark bets on India retail push as lab-grown diamonds surge
The opportunity in India stands in contrast to the crisis facing De Beers core mining business. The company has made one of its biggest rough-diamond price cuts in years as weak demand, excess inventory and the rise of lab-grown stones weigh on the industry.
We plan to raise ore output to 12 lakh tonnes annually with 1,200 cr investment
Expansion, renewable energy, and ferrochrome capacity additions position IMFA for sustained growth ahead
Maruti Suzuki to challenge Raipur consumer forum order to replace E20 fuel vehicle
The Commission asked the Maruti Suzuki dealer in Raipur to replace the vehicle, which was E20-compliant, after holding that the dealer sold a vehicle made 16 months ago and failed to rectify recurring engine problems despite repeated repairs
Heritage Q1 PAT dips to 25 crore
Consolidated revenue in the first quarter rose 18% to 1,338 crore
Myntra expands AI across shopping, seller operations to speed up product launches
The company is also expanding AI-led shopping experiences through conversational commerce, contextual styling and virtual outfit recommendations.
De Beers Forevermark Diamond Jewellery bets on India to build 1,000-crore business in five years
The natural diamond jewellery brand aims to nearly double its network to 20 stores by December 2026
Wipro reports mixed Q1: Guidance improves, margins contract
Tech majors operating margins slipped to a 15-quarter low and net profit declined sequentially
SAIC-JSW India JV's new platform adds to deepening of Auto Inc tech ties with China
JSW MG Motor India has launched MG Adapt, a new SAIC-based vehicle platform meant to cut car development costs by over a third and support four powertrain types. The launch reflects warming India-China tech ties, with FY27 product launches and 1,400 crore in fresh capex planned.
JSW MG expects 80% of total sales to come from NEVs
EV penetration in passenger vehicles rises to over 8% in June
New incentive scheme cheers Indian phonemakers, stocks rally
Indian electronics manufacturing services see the Centre's new 62,500-crore incentive scheme boosting their margins.
India issues 28,000 cr EPC tender for Mahi Banswara nuclear power plant
This is the largest Nuclear Island EPC packages ever floated for Indias indigenous Pressurised Heavy Water Reactor (PHWR) programme
PepsiCo India sees robust growth in H1, will set up food manufacturing facility in Tamil Nadu
Jagrut Kotecha, Chief Executive Officer, PepsiCo India & South Asia, said while there are uncertainties, consumption remains robust and the company remains cautiously optimistic
New Reserve Bank of India norms will prevent lenders from reselling acquired assets to defaulting borrowers. These prudential rules apply to banks, small finance banks, and NBFCs starting October 2026. Specified non-financial assets are those obtained when resolving stressed loans from borrowers. Lenders must establish board-approved policies for acquiring and disposing of these assets. These assets will be disclosed separately on balance sheets, not as NPAs.
SBI Funds Management's 9,813 crore IPO was subscribed 42 times, led by 140-fold QIB demand. India's largest mutual fund house attracted bids worth nearly 2.97 lakh crore, while the grey market premium indicated potential double-digit listing gains.
Elgi Equipments receives 25 crore in tariff refunds from US
The US Supreme Court had directed the US Government to refund excess tariff collected from importers
Onida charts rewiring plans with ambitions to grow 5x in five years
The 45-year-old company, which admits it lost ground to global electronics majors in the last decade, is also moving away from contract manufacturing business to focus entirely on branded product business
Jio Financial Q1 Results: Profit skyrockets 155% YoY to Rs 830 crore
Jio Financial on Thursday reported 155% year-on-year (YoY) growth in its consolidated net profit at Rs 830 crore in the first quarter. The same stood at Rs 325 crore in the same quarter last year.
Uber in $15 billion deal for Delivery Hero to create global takeout giant
The acquisition advances the U.S. ride-hailing firm's efforts to build a global food-delivery business that can better compete with Just Eat, owned by Dutch group Prosus, and U.S. rival DoorDash
Nike out of World Cup contention as Adidas-outfitted teams head to final
Adidas had sponsored a total of 14 national teams in the tournament. None of Nike's 12 teams, including semi-finalists England and France, managed to secure a spot in the final match
Mint Explainer: India's new urea policywhy it matters for fertilizer security
India imports about a fifth of its annual urea requirement. NIPU-2026 aims to attract investment, add up to 10 million tonnes of capacity and reduce the country's exposure to global supply shocks and fertilizer prices.
BHEL among 6 midcap stocks that hit 52-week highs and rallied up to 20% in a month
Despite a flat Sensex close, six BSE 150 MidCap stocksIpca Laboratories, Sona BLW Precision Forgings, BHEL, Gujarat Fluorochemicals, Lupin and Bioconhit fresh 52-week highs, signalling strong buying interest, improving investor confidence and sustained bullish momentum.
Polycab Q1 Results: Profit surges 33% YoY to Rs 797 crore, revenue jumps 39%
Polycab India delivered its strongest-ever first quarter, with revenue rising 39% and net profit increasing 33%, driven by robust wires and cables demand and strong FMEG growth. Management expects infrastructure spending, capacity expansion and distribution growth to sustain long-term momentum.
PepsiCo cautiously optimistic on H2 amid robust demand, weather uncertainties: CEO
Kotecha reiterates PepsiCos long-term commitment to the country and calls it one of their top priority markets globally
Market wrap: ICICI Lombard, IndiGo among top gainers & losers on Nifty and Sensex today
Indian equities ended subdued on weekly expiry as investors weighed Iran-US tensions, firm crude prices and rupee weakness. Analysts expect Q1 earnings to drive stock-specific action, while Nifty remains in a consolidation phase with key support near 24,000 and resistance around 24,300.
Consumer forum asks dealer to replace faulty car with E20-compliant model, orders 1 lakh payout
The forum said Maruti Suzuki and the dealer committed deficiency in service and indulged in unfair trade practice by refusing to take back the defective vehicle and provide a new vehicle equipped with an E20-compatible engine
Bancassurance slowdown hits HDFC Life, ICICI Pru as banks recalibrate insurance sales
Slower sales at key partner banks are weighing on bank-led insurance distribution even as agency channels grow, adding pressure to an industry already facing regulatory scrutiny over bancassurance.
BHEL shares jump 4% after Maharatna PSU posts net profit of Rs 377 crore in Q1, revenue jumps 40%
BHEL reported a consolidated Q1 FY27 net profit of 377 crore against a year-ago loss, driven by 40% revenue growth and a sharp recovery in operating margins. Strong power segment performance lifted sentiment, sending the PSU stock over 4% higher.
Sanjay Ghodawat Group, Nordstar Estates launch 5,000 crore real estate JV
In Mumbai, the JV will target micro-markets across South and Central Mumbai, the Western and Central Suburbs, and lifestyle destinations including Alibaug, Karjat, and Vasai
'Keith Ellison lied under oath': Sen. Hawley 'exposes' Minnesota Somali fraud alongside Nick Shirley
SC seeks ECI's response on MDMK's plea against SIR in Tamil Nadu
The Supreme Court is reviewing a plea against Tamil Nadu's electoral roll revision. Several political parties have also approached the apex court challenging this exercise. The Special Intensive Revision aims to update voter lists across several states. This process could potentially disenfranchise voters without due process. The final voter list is scheduled for publication on February 7, 2026.
Exim Bank India presents Rs 428 cr dividend cheque to FM Sitharaman for FY26
EXIM Bank of India presented a Rs 428 crore dividend cheque to Finance Minister Nirmala Sitharaman. The bank reported a net profit of Rs 4,273 crore for the financial year 2025-26. Ten percent of this net profit was transferred as a balance to the government of India. Exim Bank recorded thirty-two percent growth in net profit and robust financial indicators.
From handcart in 1960 to 1,300 flavours: How an Ahmedabad family built an Ice cream brand
What began as a hand-churned ice cream cart on the streets of Ahmedabad in 1960 has grown into a premium ice cream brand with more than 1,300 proprietary flavours. The journey of Shankar Ice Cream Library spans over six decades of adapting to changing customer preferences.
Blackstone appoints Ami Momaya to lead India infrastructure investments
Momaya joins as managing director and head of infrastructure for India, as the private equity firm builds its first dedicated infrastructure platform in Asia Pacific.
African Proverb of the Day highlights the meaning of No matter how tall your grandfather is, you have to do your own growing. The saying emphasizes that while family, mentors, and past generations can provide guidance, opportunities, and inspiration, personal growth is ultimately an individual responsibility. It reminds us that success, wisdom, and character cannot be inheritedthey are earned through our own efforts, choices, and perseverance.
India, UK trade pact to enhance exports competitiveness, slash trade costs: Experts
The India-UK free trade pact is expected to reduce trade costs significantly. Domestic goods will gain enhanced competitiveness in the British market. Labour-intensive sectors now enter the UK market with zero duty. Experts believe this agreement will achieve a USD 100 billion bilateral trade target. Indian enterprises must now leverage these commitments for tangible outcomes.
Iran launches fresh strike towards Kuwait amid escalating Gulf tensions
Kuwait's military said it intercepted a fresh round of incoming fire from Iran, as tensions in the Gulf continue to escalate following intensified US strikes on the Islamic Republic amid the Strait of Hormuz conflict.
Navi Mumbai Airport goes global: First international flight takes off for Abu Dhabi
Google founder Larry Page's net worth surpassed $300 billion recently, making him one of the richest men in the world. This milestone occurred after a significant rally in Alphabet's stock shares. Legendary investor Warren Buffett admitted to regretting not investing in Alphabet much earlier. Berkshire Hathaway's initial investment in Alphabet has now grown substantially.
Piramal Finance posts 67% jump in Q1 profit, board clears 4,000 crore fundraise
The stock closed at 2,186.50 on the NSE on Thursday, up 0.76% on the day, giving the company a market capitalisation of approximately 49,620 crore.
Wipro declares interim dividend worth Rs 2/share, fixes record date. Check details
Wipro declared an interim dividend of 2 per share, with July 27 fixed as the record date. The IT major reported modest Q1 FY27 profit and revenue growth, issued cautious quarterly guidance and reiterated its focus on AI-led business transformation.
AI-driven cyberthreats spark revenue, funding surge for cybersecurity startups
Investor interest in cybersecurity has strengthened with funding that almost doubled to $89 million in H1 2026 from $47 million in H1 2025 earlier, according to Venture Intelligence.
SBI Mutual Fund CEO Mishra outlines four priorities to drive growth
SBI MF's Mishra has outlined four priorities as the fund house aims to double AUM and its customer base in five years. The push comes as parent SBI's asset management arm wraps up a strongly subscribed IPO, with its Amundi partnership unchanged.
Mint Expainer | Semicon 2.0: What's different this time?
For the first time, large companies beyond startups will be eligible for government support to design chips in India, which is crucial for India to have control over its technology and capture more value from the global chip industry.
South Indian Bank net profit up 17.4% on higher net interest income
Hero MotoCorp enters German market in partnership with KSR Group
Company expands European presence to five markets with premium motorcycle portfolio
Tech Mahindra Q1 Results: Net profit rises 28% YoY to Rs 1,465 crore, revenue up 18%
Tech Mahindra announced a consolidated net profit of Rs 1,465 crore for the first quarter. This represents a substantial 28% increase compared to the previous year's earnings. The company also saw its net profit rise over 8% sequentially from the prior quarter. Revenue from operations experienced an 18% year-on-year jump to Rs 15,712 crore. These results reflect strong financial performance for the IT services major.
Wipro Q1 Results: Profit flat YoY at Rs 3,352 crore; co declares Rs 2/share dividend
Wipro Q1 Results: Wipro reported a modest 1% year-on-year rise in June-quarter net profit to Rs 3,352 crore, while revenue grew 11%. The IT major declared an interim dividend of Rs 2 per share, but maintained a cautious outlook for the September quarter, guiding for flat to slightly negative sequential IT services revenue growth.
Waaree Energies commissions 5.15 GWh BESS container manufacturing facility in Gujarat
The facility has an annual capacity of 5.15 GWh, upgraded from the originally planned 3.5 GWh through production debottlenecking and improved battery cell energy density
ITC Hotels Q1 net up 36% at 181.91 cr
Board approves 155-crore acquisition of GHK Hospitality & Infrastructures Ltd
Market Wrap: Sensex ends flat, Nifty holds 24,050 as Iran-US conflict keeps optimism in check
Sensex gained a mere 1 point to end at around 77,187, and Nifty 50 dropped around 6 points to close at nearly 24,073 on Thursday. Broader markets slipped into the red, with Nifty Midcap 100 and Nifty Smallcap 100 indices closing up to 0.4% lower.
BHEL swings to 376.71 cr net profit in June quarter
BHEL had clocked a loss of 455.50 crore in the corresponding first quarter of the preceding 2025-26 fiscal
Sotefin Bharat IPO opens: Issue 16% subscribed on day one so far, GMP suggests 12% listing pop
Sotefin Bharat's Rs 89.76 crore SME IPO opened to a cautious 16% subscription on Day 1, with the GMP suggesting a modest listing premium of around 11.76% over its Rs 187 upper price band.
Hyundai Motor Group to buy SoftBank's remaining stake in Boston Dynamics
The deal will provide Hyundai Motor Group with greater flexibility to manage Boston Dynamics, enabling long-term investment, strategic decisions, and a potential IPO
Can music labels be taxed for promoting songs they own? Supreme Court to decide
The Supreme Court will decide whether promotional obligations in music-rights deals amount to a taxable service, a ruling that could have implications beyond the music industry.
ITC Hotels Q1 net up 36% at Rs 181.91 crore
ITC Hotels reported a thirty-six percent rise in net profit for the first quarter. Consolidated revenue from operations also increased compared to the previous year. The company announced the approved acquisition of GHK Hospitality & Infrastructures Ltd. This strategic move will expand their owned-asset portfolio in Ahmedabad. The hotel business and new branded residences vertical showed strong revenue growth.
HSBC dangles 19x leverage to lure NRIs under RBIs dollar deposit scheme
A customer pledging $100,000 can borrow $1.9 million from HSBC to create a $2 million FCNR(B) deposit, implying a leverage of up to 19 times. The bank has 2 categories of leverage: lower and higher. Under the first category, leverage of nine times is available, while the second one offers 19 times.
SWREL Q1 profit grows 38% to over Rs 53 crore
Sterling and Wilson Renewable Energy reported a 38 percent net profit increase. This growth occurred in the June quarter, supported by reduced expenses. The company's total income saw a decrease during the April-June period. However, Sterling and Wilson Renewable Energy achieved its highest-ever unexecuted order value. This strong order book reflects customer confidence and future growth expectations.
Agri-tech platform Rize secures $31 million Series B funding to scale across Southeast Asia
The raise brings Rizes total funding to date to $47 million
Naturis Cosmetics raises 100 cr in funding round led by Sharrp ventures
Other participants were Mirabilis Investment Trust, Anicut Capital, Niveshaay, and D2C sector investors including Suyash Saraf and Yogesh Kabra
Godrej Agrovet appoints Gaurav Pande as Creamline Dairy CEO
Godrej Agrovet has appointed Gaurav Pande as CEO of its dairy subsidiary, Creamline Dairy Products Ltd. Pande will lead Creamline's next phase of growth, focusing on market leadership and business transformation. He brings over twenty-two years of experience across various consumer sectors to the role. Creamline Dairy, owner of the Godrej Jersey brand, operates in southern India. The company aims to expand its diverse portfolio of value-added dairy products.
Centre floats another draft of CAFE-III; gives special recognition to ethanol and bio fuel cars
Industry stakeholders have until August 6 to respond to the latest draft; the proposed CAFE norms have sharply divided the automobile industry, with manufacturers of smaller and larger vehicles taking opposing positions and competing proposals emerging over how the regulations should be framed
Sterling & Wilson Renewable Energy stock tumbles 7% despite record order book of 13,000 crore
The stock opened at 241.76 and hit a low of 218.79 during the session, with sell-side pressure heavily dominant.
Onward Technologies posts record Q1 revenue of 151.2 crore, stock surges 6.4%
Onward Technologies total market capitalisation crosses 673 crore
Shyam Metalics commissions aluminium foil facility in Odisha
Targets to start FRP production in September, the company has made cumulative investment of Rs 800 cr
RateGain ties up with Sri Lankas Citrus Leisure to drive direct hotel bookings
The partnership aims to reduce Citrus Leisures dependence on third-party online travel agents and improve direct revenue by giving the group unified visibility across its demand generation, pricing, and distribution operations.
Vijay Kedia buys over 3 lakh shares of Websol Energy; solar stock zooms 1,080% in 3 years
Veteran investor Vijay Kedia increased his stake in Websol Energy System during Q1FY27, acquiring over 3.4 lakh shares and raising his holding to 47.85 lakh shares (1.1%), valued at nearly Rs 47 crore at the latest market price. The solar stock has surged 1,080% over three years, despite declining 28% in the past year.
Marico plans to step up acquisitions in FY27 as digital brands cross 1,100 crore ARR
Marico has kept the door open for more acquisitions in FY27 as it pivots from buying digital-first consumer brands to scaling them profitably, with analysts estimating its Beardo, Just Herbs and Plix portfolio has crossed 1,100 crore in annualised revenue.
Aswath Damodaran explains why country risk is no longer just an emerging market problem
Valuation expert Aswath Damodaran argues that country risk is no longer limited to emerging markets as global companies face political, legal and economic shocks across borders. From US sovereign debt concerns to overseas revenue exposure, investors must factor country-specific risks into valuations regardless of where companies are listed.
India bets 10,000 crore on a leap from generic drugs to biologics
Biopharma SHAKTI aims to build the research, clinical-trial and manufacturing ecosystem India needs to move from low-cost generic copies to high-value biological medicines.
Consulting war: boutique firms target Big Fours market share with niche strategies
Advisory firms Uniqus Consultech, Grant Thornton Bharat and Protiviti are challenging PwC, KPMG, EY and Deloitte by poaching their partners and specializing in niches like IPO-readiness.
May rethink over Delimitation Bill if Opposition's amendments incorporated: Sanjay Raut
Shiv Sena (UBT) MP Sanjay Raut stated opposition to the Delimitation Bill. He indicated potential support if amendments are incorporated by the government. Raut also addressed allegations of embezzlement at the Ram Temple in Ayodhya. He questioned Maharashtra Chief Minister Devendra Fadnavis regarding temple donation theft. Concerns were also raised about activist Sonam Wangchuk's deteriorating health.
India's drinkers are moving beyond whisky. Modi Illva is following
Modi Illva is introducing new flavoured vodka and premium spirits to align with changing consumer preferences. The company aims to address a growing demand for approachable, flavorful options as the vodka market evolves, especially among younger consumers.
After KFC, cyberattack hits Japanese ice cream giant
A major Japanese ice cream maker said Thursday that it is seeing shipment delays following a cyberattack at its logistics partner that has already affected Kentucky Fried Chicken and a large sushi chain. Kura Sushi Inc, a conveyor belt sushi chain with nearly 700 locations in Japan and abroad, said on Wednesday that its outlets in the west were experiencing shipment delays for some products.
Ajay, Ashish Mishra not involved in Lakhimpur Kheri witness intimidation: UP police to SC
Uttar Pradesh police told the Supreme Court that Ajay Mishra and Ashish Mishra were not involved in witness intimidation. The investigation revealed that neither of the Mishras were involved in the alleged offense. The trial in the main Lakhimpur Kheri violence case is expected to conclude soon. Charges were framed against Ashish Mishra and twelve others in December 2023.
