36 C 
Mahadev betting funds used for Ebix buy: Enforcement Directorate
The Enforcement Directorate alleges illegal betting funds financed a major acquisition. Vikas Garg's firm Eraaya Lifespaces acquired US software company Ebix using these funds. Money was routed through overseas structures and investment mechanisms. The agency has attached assets worth over 940 crore in this case. This investigation stems from multiple FIRs against betting platform operators.
MNCs shifting inventory to India amid West Asia crisis: DP World Exec
West Asian disruptions prompt companies to shift inventory to India. Multinational firms are establishing satellite distribution hubs alongside Dubai. This move diversifies supply chains away from single regional distribution points. Automotive and pharmaceutical sectors are leading this significant inventory relocation. Companies are building buffer stocks at multiple locations for resilience.
India's war-risk insurance pool faces its first real-world test
India's new maritime insurance pool has received its first claim. A vessel covered by the arrangement was damaged in a drone attack. This incident marks the pool's initial test amid regional tensions. The claim is currently being assessed for payout within the pool's capacity. Government backing provides an additional layer for larger potential losses.
OnePlus is planning to exit all non-Chinese markets, including India, by 2027: Report
OnePlus will begin exiting the US and Europe this week, with an India departure to follow by 2027, as parent company Oppo restructures its global phone business.
Morgan Stanley tops Q2 estimates as dealmaking, trading revenue hit record highs
Morgan Stanley also achieved a long-standing milestone by surpassing $10 trillion in wealth management assets
ICICI Pru Life says StanChart values tie-up amid talk the bank may exit as distributor
ICICI Prudential Life Insurance and Standard Chartered operate one of the most successful pan-regional bancassurance partnerships across 11 markets in Asia and Africa.
Cyber leak exposes Kudankulam, other Reliance Infra projects data
Reliance Group faces data breach of Kudankulam Nuclear Power Plant, Sasan coal mine projects, Mumbai metro project and Pokharan solar project among a few, revealing sensitive project details but ensuring core systems remain secure.
RBI wants banks and non-banks to have a data governance framework
RBI wants banks and non-banks to enhance risk management, ensure compliance with regulations, and manage data effectively.
Mondelez India betting strong on premiumisation in biscuits
The companys other recent launches include packaged brownieproductunder brand Cadbury on the e-commerce channel; Nitin Saini said that segment, though not well-developed in the country, offers strong growth potential
Angel One Q1 Results: Net profit doubles to Rs 231 crore
In the June quarter, Angel One reported impressive financial growth, with consolidated profit after tax soaring to Rs 231.4 crore, more than doubling year-on-year. The company experienced a robust 25.4 percent increase in total income, reflecting its expanding influence in the market. Additionally, its client base surged to 3.86 crore, prompting the declaration of an interim dividend of Re 1 per equity share.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian equities ended marginally higher after surrendering most intraday gains. Softer US inflation data supported sentiment, while elevated crude prices, West Asia tensions and mixed sector performance kept markets volatile. Analysts expect Nifty to remain range-bound unless it breaks above 24,350.
Jana Small Finance Bank plans to reduce unsecured loans to 22-23% of its portfolio over the next two years from 27%, with a long-term target of an 80:20 secured-unsecured mix. The lender expects its proposed partnership with the TVS Venu Group to accelerate two-wheeler financing. It also guided for up to 21% loan growth and an 80% rise in FY27 net profit.
Venture Catalysts exits TruNativ, clocks 12.7x return on 2021 investment
For Venture Catalysts, Indias first multi-stage VC firm and one of the countrys most active early-stage investor networks, the TruNativ exit highlights its broader strategy
Sebi tightens conflict safeguards with recusal framework
In a significant move, SEBI has established a formal framework for recusal among its senior officials. This code mandates that officials withdraw from matters where conflicts may arise, including personal, professional, and financial interests. Additionally, the regulator will keep digital records of recusals, ensuring that annual data is made available to the public for enhanced transparency.
Siddhartha Saxena, an IIT Kanpur graduate, achieved remarkable success in the United States. He co-founded Merlin, an AI-powered Chrome extension, which is now valued at fifty million dollars. Saxena revealed earning eight million dollars in a single day at the age of twenty-six. According to him, gaining admission to its Computer Science course is 20 times harder than getting into Harvard University.
'What will you do about Black unemployment?' Pressley vs Fed Chair Warsh explodes in tense hearing
SBI appoints Sunil Agrawal as chief financial officer
State Bank of India has appointed Sunil Agrawal as its new Chief Financial Officer. Agrawal previously served as the Chief Financial Officer for LIC, the nation's largest life insurer. He brings twenty-seven years of extensive experience in financial services and strategic planning. His expertise includes financial planning, capital management, and regulatory engagement.
Market Trading Guide: Inox India among 2 stock recommendations for Thursday
while the Fed maintained its focus on price stability without turning more hawkish. Q1 earnings remained the key domestic catalyst, though higher crude prices due to West Asia tensions capped gains and triggered profit booking.
Centre approves Gujarat shipbuilding cluster, Vadinar repair hub
The approvals cover the establishment of greenfield shipbuilding cluster on the western coast and financial assistance for the development of one of the country's largest ship repair facilities.
Tata Motors opposes BEEs mechanism on CO2 credit system under CAFE-2
Says credits should be priced so that non-compliance is not made cheaper than compliance
MRPL records 915-cr profit in Q1
MRPLs revenue from operations nearly doubled to 41,609 crore during Q1 of 2026-27
RBI approves appointment of Rajiv Kumar as part-time chairman of HDFC Bank
HDFC Bank announced the RBI's approval of Rajiv Kumar as part-time chairman for three years, starting July 15, 2026. Kumar, a former Chief Election Commissioner, played a vital role in banking reforms and ensuring accountability in financial practices during his previous tenure.
L&T bets big on AI with Copilot rollout for over 80% of employees
L&T would be the first large Indian business group to equip almost all its employees with AI tools.
Latent View Analytics announces Sonal Ramrakhiani as new CEO
Ramrakhiani will be replacing Rajan Sethuraman
Deoleo bets big on India, targets 500 crore Figaro business by FY27
Warburg Pincus acquires domestic formulations company Integrace, for an undisclosed sum
Warburg Pincus has been investing in India for three decades and, over time, has one of the countrys most established healthcare investment franchises
ICICI Lombard Q1 Results: Profit falls 46% on commercial insurance slowdown, higher claims
ICICI Lombard reported a dramatic forty-six percent drop in profit for the first quarter, attributed to a downturn in commercial insurance and heightened claims payments. Despite these challenges, demand for retail health insurance remains strong, and motor insurance exhibited notable growth. The company faced two significant fire insurance losses and increased motor insurance reserves, contributing to a nearly twenty-one percent rise in claims paid, thus impacting overall profitability.
Green Gold Animation opens Chhota Bheem eatery
The group targets 25 Chhota Bheem Cafs in the first phase, with an investment of Rs 50 crore over the next few months
Adani Power signs 25-year pact with MSEDCL for 1600 MW thermal power supply
Power supply under the agreement is expected to commence from FY31
Gautam Adani denies any deal linked to dismissal of US criminal case in sworn affidavit
Gautam Adani has categorically denied any involvement with a deal related to the dismissal of criminal charges against him. He affirmed under oath that he was ignorant of any agreements surrounding this matter. The Justice Department explained that legal hurdles necessitated the charge dismissal. Furthermore, discussions between Adani's legal team and US officials focused on potential investments, which were later clarified as having no impact on the department's resolution.
Brigade Hotel Ventures earmarks 1,100 crore for Chennai expansion, plans three new hotels
According to the companys FY26 annual report, a pipeline of nine upcoming properties will nearly double its portfolio to about 3,300 room keys
Quote of the day by Jacob Bernoulli: Jacob Bernoulli's quote highlights the limits of mathematical formulas in predicting future events. He believed that while probability offers insights, absolute certainty remains elusive for us. Bernoulli's message reminds us to balance knowledge with an awareness of life's uncertainties.
Agriculture Commissioner said widespread adoption of bio-inputs by India's nearly 14 crore farmers could generate annual demand of 2030 crore tonnes.
The Khasi Students Union objects to presence of temple inside CBI campus in Shillong
The Khasi Students' Union objected to a temple's construction on government land. They allege illegal construction violated land allotment purposes and served an ultimatum. KSU supporters locked the under-construction temple and demanded its demolition within one week. A KSU delegation met the CBI DIG to voice their strong objections. The union warned of further agitation if the structure is not removed promptly.
Many performers, educators, journalists, doctors, content creators, and other professionals appear on camera because clear communication is part of their work, not because they have an inflated sense of self. The context behind being on camera is often far more meaningful than the simple fact that someone enjoys being in front of a lens.
Qote of the Day: Emma Stone's quote Sometimes the smallest step in the right direction ends up being the biggest step of your life highlights that small actions lead to significant life changes. The quote says that Consistent, small efforts compound over time, creating future opportunities. Taking the next right step, however small, can be a turning point.
Kia Syros EV unveiled: Kia India has unveiled its second electric vehicle, the Syros EV, for the Indian market. Pre-bookings are now open for the electric SUV, which offers two battery pack options. The vehicle boasts an ARAI-certified range of up to 526 kilometers on a single charge. Kia is also providing a lifetime high-voltage battery warranty and financing options.
Scientists reveal why cat moms and dads enjoy powerful health benefits beyond simple companionship. New research on cat ownership, pet health benefits, mental health, stress relief, heart health, and the human-animal bond suggests living with a cat may quietly improve everyday well-being. Experts say regular interaction with a trusted feline can support emotional balance, healthy routines, and long-term wellness.
African Proverb of the Day highlights the meaning of If we fall back, can we complain that others are rushing forward? The saying emphasizes personal responsibility, initiative, and the importance of taking action instead of blaming others for getting ahead. It reminds us that progress comes from consistent effort, learning, and perseverance. Rather than comparing ourselves with those who are moving forward, the proverb encourages self-reflection, accountability, and a commitment to improving our own path.
'All because of Dems!': Border Czar Homan's fiery response to body camera delay | ICE shooting row
Axar Patel in top-10 of ICC ODI rankings for all-rounders
Axar Patel entered the top-10 ODI all-rounder rankings after his strong performance. Shubman Gill gained rating points and is close to the top batting spot. Jasprit Bumrah returned to the 24th position in the bowling rankings. Washington Sundar also saw improvements in batting and all-rounder rankings. England's Joe Root and Liam Dawson also achieved batting rank promotions.
Alex Sunny, a 26-year-old American truck driver, is planning to move to Afghanistan soon. She claims she met her husband on Snapchat and they married recently and she has not seen him in two years. Sunny stated her husband cannot travel to the United States due to travel bans. Her viral videos on TikTok have sparked widespread debate and concern online.
Squeeze lemon into dal before serving: What it's for and its benefits
Most Indian households squeeze a bit of nimbu on dal almost by instinct. Turns out, that habit is backed by solid science. Here is what that one small squeeze is actually doing for your health.
Wealthtech, not payments, is Indian fintech's profit engine: Jefferies
FY25 marked the fintech sector's first year of profit, with aggregate PAT projected to rise to 43,000 crore by FY30 from 2,300 crore currently, Jefferies said.
Deepinder Goyal's next big bets: $1,000 forehead wearable, $20 mn aviation investment after Zomato
Deepinder Goyal, co-founder of Zomato, is launching a wearable device called Temple to track metabolic rates in real time. Goyal also invests in LAT Aerospace, aiming to connect smaller airstrips with low-cost aircraft.
IPC signs MoU with UP Promote Pharma Council to strengthen quality standards
The MoU comes as Uttar Pradesh seeks to expand investments in pharmaceuticals and medical technology through industrial clusters and manufacturing infrastructure.
ICICI Pru Life Q1 Result: Net profit jumps 28% YoY to Rs 386 crore
ICICI Prudential Life Insurance reported a twenty-eight percent net profit increase. Net premium income rose to nine thousand seven hundred forty-nine crore rupees. New business premium grew by twenty-one percent, and policy numbers also increased. Total revenue reached twenty-eight thousand three hundred ninety-five crore rupees. The company proposed changing its name to ICICI Life Insurance Ltd.
Union Bank of India net profit up 29.6% to 5,332 crore in Q1FY27
Net interest income increased 10.15% to 10,037 crore in the reporting quarter as against 9,113 crore in the corresponding period last year
Union Bank of India net profit up 29.6% to 5,332 crore in Q1FY27
Net interest income increased 10.15% to 10,037 crore in the reporting quarter as against 9,113 crore in the corresponding period last year
US tariff talks, West Asia tensions cloud outlook for Indian textile exporters
The industry had only recently begun to get some relief from rising input costs. Cotton prices had surged earlier this year on concerns that an El Nio-led impact would reduce domestic production. Prices later eased after the Centre removed the import duty on extra-long staple cotton.
Mukul Agrawal trims stake in this smallcap infra firm, likely exits Surya Roshni in Q1. Do you own?
Ace investor Mukul Agrawal trimmed his stake in J Kumar Infraprojects and is likely to have exited Surya Roshni during the June quarter, according to the latest shareholding disclosures. While he reduced his holding in the construction company, his name no longer appears among Surya Roshni's key shareholders, indicating his stake has likely fallen below the disclosure threshold.
India-UK FTA: Cheaper Scotch could boost premium whiskybut unsettle Indian single malts
Lower duties could expand premium whisky consumption and cut input costs for Indian blenders, but cheaper imported malt may complicate investments in India's young single malt industry.
NSE partners with Augmont to deepen electronic gold market, reduce reliance on imports
The National Stock Exchange (NSE) has partnered with Augmont Enterprises to boost the adoption of Electronic Gold Receipts (EGRs), aiming to build a deeper and more liquid spot gold market in India. The collaboration seeks to formalise the country's vast household gold holdings by enabling investors to trade, lend and redeem physical gold through a regulated exchange framework, while improving liquidity, price discovery and market efficiency.
Ace investor Dolly Khanna likely exited Rain Industries and Sharda Cropchem during the June quarter after strong gains of up to 42% this year, while trimming her stake in Prakash Industries, according to the latest shareholding data.
Tech Mahindra Q1 Preview: Will the IT company surprise investors with its earnings?
Tech Mahindra is expected to post modest June-quarter revenue growth, led by continued strength in its telecom business, while margins are likely to improve on cost optimisation. Investors will closely track management commentary on AI strategy, telecom demand, large deal execution, BFSI recovery and progress towards its FY27 margin target.
A Japanese proverb highlights how quickly time passes and opportunities vanish. Autumn days fall swiftly, much like a well bucket descending. This saying urges us to act on important matters without delay. Cherish present moments with loved ones and pursue goals now. Life's precious experiences can fade unexpectedly, so appreciate them.
India's idle gold can transform economy: IBJA Chief backs Shanghai-inspired EGR model
Maruti Suzuki has opened bookings for the upcoming Brezza facelift. The updated compact SUV will feature a new 1.0-litre Boosterjet turbo-petrol engine. Exterior styling will see minor revisions and new alloy wheels. Inside, customers can expect a larger touchscreen and ventilated seats. The refreshed Brezza is expected to launch on July 24.
Dalmia Bharat lays foundation stone for 3100 cr second plant in AP
Project will establishanext-generation integratedmanufacturing facility,designed to produce one of theworlds greenestcement.
Passenger vehicle dispatches clock Q1 record of 12,73,811 units in FY27: SIAM
Passenger vehicle dispatches in the first quarter of last fiscal year stood at 10,11,884, SIAM said in a statement
Native American proverb of the day: A Blackfoot proverb teaches that life and death are not separate but part of the same natural cycle. It suggests that every ending can lead to a new beginning, encouraging us to embrace life's constant and inevitable changes. By recognising the impermanence of all things, we can learn to appreciate ordinary moments more deeply. Reflecting the rhythms of nature, the proverb reminds us to live with gratitude and accept change as a natural part of life.
El Nio, monsoon risk put India's crop insurance scheme under the lens
A developing El Nio and erratic monsoon rainfall are reviving questions over PMFBY enrolment, state participation and a reform cycle now pushed to next year.
SC flags 'frustration' over CBSE's digital marking system, seeks Centre's response
The Supreme Court voiced concern over student frustration with the CBSE's digital marking system. Justices noted systemic problems emerging within the digital evaluation process. Solicitor General Tushar Mehta informed the court about ongoing systemic issue reviews. A one-member commission is examining the evaluation system for necessary changes. The court requested an update on steps being taken by the CBSE.
Staines murder case: SC gives Odisha govt one month to consider Dara Singh's remission plea
The Supreme Court has given Odisha one month to decide on Dara Singh's remission plea. Singh is serving a life sentence for the 1999 murders of Graham Staines and his sons. He has served over 24 years and claims to have repented his actions. The state's sentence review committee has requested more time to gather necessary records.
Patanjali Foods shares crash 20%, stock nearly halves in value in one year. What's ahead?
Patanjali Foods shares plunged 20% to a fresh 52-week low, extending their decline to nearly 50% from last year's peak. While the company said there were no material developments behind the sharp fall, technical analysts warned of further downside, with the next key support seen in the Rs 325330 zone.
HealthKois eyes biotech bets as new drug pipelines expand
A joint report launched by HealthKois and BCG on Wednesday stated that PE/VC investment into pharma rose 2.1x in five years to $731 million in FY26, and the number of biotech startups grew from roughly 1,500 to 2,400 during the same period.
Delhi Cabinet clears Bill to make time-bound government services a legal right for citizens
The Delhi Cabinet has approved a new bill for citizen services. This legislation will make timely government service delivery a legal right. It replaces an older law with a modern, technology-driven framework. The proposed bill includes digital service delivery and automatic escalation for delays. An independent commission and penalties will ensure accountability and transparency.
HDFC Bank, SBI, other stocks jump up to 2%; Nifty Bank gains 560 points. What lies ahead?
Banking stocks rallied up to 2% on Wednesday, lifting the Nifty Bank index as investors positioned themselves ahead of a crucial round of Q1 earnings from major private lenders this weekend. Brokerages remain constructive on the sector, citing improving fundamentals, resilient loan growth and stable asset quality, while cautioning that pressure on net interest margins could weigh on near-term profitability.
India, Baker Hughes explore strengthening cooperation on geothermal energy
Discussions focus on boosting renewable energy integration, grid stability, green hydrogen and ammonia, and emerging technologies such as geothermal energy
The June quarter earnings season gathers pace with 43 companies, including HDFC Life Insurance, HDB Financial Services, Jana Small Finance Bank and ICICI Prudential Life Insurance, set to report results today. Around 143 companies will announce earnings this week, with investors tracking corporate performance, demand trends and sectoral outlooks.
Rupee at 96, soaring lithium and copper prices cloud auto industrys festival season outlook
Even as automakers gear up for robust festival demand with a slew of SUV and EV launches, a weakening rupee and soaring raw material costs are threatening margins and pricing strategies
Explained: Why is stock market rising today even as Iran-US war escalates, oil prices cross $85
Indian equities rallied on Wednesday despite escalating Iran-US tensions and Brent crude crossing $85 a barrel, as investors bet the conflict will remain contained and global risk appetite improves on softer US inflation. Financial stocks led the gains, though analysts cautioned that geopolitical risks, inflation and oil prices remain key headwinds.
Anupam Rasayan signs $300 mn LOI with Spain's BasqueVolt for battery chemical supply
The company said the LOI was preliminary and any supply agreement would depend on successful product development and the negotiation of a definitive supply contract.
Passenger vehicle dispatches rise 24.1% at 3,88,144 units in June: SIAM
Total two-wheeler sales rose 18.6 per cent to 18,51,400 units last month as against 15,61,283 units in June last year
Climate-resilient ports: India drafts indigenous code for breakwater construction
The proposed code seeks to establish a uniform engineering framework for designing breakwaters while reducing India's dependence on foreign engineering manuals.
Zoho deepens vertical SaaS push with AI-powered education platform
Zoho Classes will be free for central and state government educational institutions as well as individual teachers handling up to 100 students, while private institutions will pay for the software.
Groww Q1 Results: Net profit spikes 94% YoY to Rs 735 crore; revenue jumps 66%
Billionbrains Garage Ventures, Groww's parent, posted a Rs 735 crore net profit. This marks a substantial 94.44% year-on-year increase in earnings. Groww's revenue from operations also saw a sharp 66% rise. The company's revenue reached Rs 1,504 crore in the first quarter. Net profit grew seven percent sequentially to Rs 735 crore.
What are the gains from the India-U.K. trade deal? | Explained
Zero tariffs. Cheaper whisky and British cars. Major benefits for Indian workers in the U.K. The India-U.K. trade deal could reshape business on both sides, and heres the complete picture
Sun Pharma gets go-ahead to sell generic semaglutide in South Africa
The approval is to treat Type II diabetes
Anil Menon NASA astronaut: Anil Menon, the first NASA astronaut of Malayali heritage, has reached the International Space Station (ISS) on his first space mission. Over the next eight months, he will conduct scientific experiments focused on human health, evaluate new medical technologies and support research into semiconductor manufacturing in microgravity. His mission aims to advance future space exploration while contributing to innovations that could benefit life on Earth.
Landmark Cars shares rally upto 13% post Q1 business update, revenue jumps over 22%
Landmark Cars shares rallied after the company reported record Q1FY27 sales, driven by strong vehicle deliveries and robust demand. Healthy growth in after-sales revenue and improved BYD supplies further supported the performance, while upcoming model launches across brands are expected to sustain sales momentum.
US House passes bill to 'ditch the switch' and make daylight saving time permanent
The House of Representatives has passed a bill to make daylight saving time permanent nationwide. Proponents argue this change offers more evening daylight for outdoor activities and businesses. Detractors express concerns about darker winter mornings and potential safety hazards for children. The bill now moves to the Senate for consideration and potential enactment into law.
Kenro Capital eyes $120-150 million fund to back startup secondaries
Kenro Capital is nearing the final close of a $120-150 million fund to back late-stage secondary deals, betting on rising demand for liquidity as startups stay private for longer.
Quote of the Day by Lionel Messi: Lionel Messi's words highlight that winning every time is impossible. He emphasizes accepting defeats as chances to learn and improve. This perspective is crucial as Messi faces another World Cup semi-final. True champions learn to rise after experiencing every fall. His career demonstrates resilience and the value of continuous effort.
Not just Lucknow-Kanpur Expressway: Gadkari announces 5 lakh cr road push for UP
San Francisco boat tragedy: One dead, two missing after vessel sinks near Alcatraz
PDS Limited partners with Indonesia's Busana Apparel Group to expand global manufacturing
Busana operates facilities across Indonesia and holds a presence in India, Bangladesh, Nicaragua, Honduras, and Italy
Hero MotoCorp doubles down on Ather with 1,000 crore bet as EV strategy enters next phase
Hero MotoCorp will invest up to 1,000 crore more in listed electric scooter maker Ather Energy, despite the EV company continuing to report losses
Ather Energy shares rally 6% after Hero MotoCorp approves Rs 1,000 crore additional investment
Ather Energy shares jumped on Wednesday after Hero MotoCorp approved an additional investment of up to Rs 1,000 crore in the EV maker through a preferential allotment, reaffirming its long-term commitment to the company.
Wipro Q1 Preview: Under pressure from AI, what can investors expect from earnings?
Wipro's Q1 earnings are expected to show a revenue rise, driven by acquisitions and currency. Core IT services revenue may decline sequentially, impacting overall profitability. Analysts anticipate margin pressure from wage increases and deal ramp-ups. Investors will focus on September quarter guidance and deal conversion rates. Management commentary on demand and AI strategy will be closely watched.
