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US stocks today: US stocks end higher on cool inflation data, strong earnings
Wall Street closed higher as softer US producer inflation and strong early Q2 earnings boosted sentiment. PayPal surged on a reported buyout offer, while BlackRock and Morgan Stanley beat estimates. Despite weak semiconductor stocks, easing rate hike expectations and solid bank results supported gains across major indexes.
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.
Pentair shares dip 17% on dour forecast amid weak pool sales
Pentair shares dropped sharply after the company cut its annual forecast, citing weak demand in its pool segment. High interest rates and inflation have pressured spending on outdoor projects, while distributors continue inventory cuts. The outlook signals a deeper slowdown in the pool equipment industry and broader demand concerns.
Fed's Cook says she is prepared to act soon if inflation does not begin to slow
Federal Reserve Governor Lisa Cook signalled readiness to act if inflation fails to ease, while allowing more time to assess trends. She flagged rising risks from AI investment, tariffs and geopolitical tensions. With inflation still above target, markets are increasingly factoring in the possibility of a rate hike later this year.
EPFO interest credit begins: How members can check if the amount is credited to their accounts
EPFO members can see their annual interest of 8.25% for FY2025-26 in their accounts starting July 15. Here's how you can check your PF balance online.
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.
SpaceX shares fall below IPO price for first time as post-listing excitement fades
SpaceX shares slipped below their IPO price for the first time, signalling fading investor enthusiasm after a strong debut. The decline highlights valuation concerns, broader market pressure and risks tied to high-growth stocks. Despite strong initial demand, the companys lack of profitability and early-stage projects continue to weigh on sentiment.
Property registry alone doesn't prove ownership: Here's what else homebuyers need to do
Purchasing and registering a property does not guarantee legal ownership. Validity relies on the entire title chain and documentation. Mutation, while important for records, does not affect ownership rights, experts said.
Trump's accounts sold Micron, bought Nvidia: Expert warns, Don't mistake it for a strategy
Donald Trump's investment accounts, managed by third parties, have executed over 6,100 stock trades in 2023. Notably, they sold Micron shares while acquiring Nvidia stock, highlighting a contradiction between Trump's public praise for Micron and his accounts' trading decisions.
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.
Tata Capital raises USD 400 million from a bond issue in the US
Tata Capital achieved a remarkable milestone by securing USD 400 million from global bond markets through a 3.5-year tenor Fixed Rate Senior Unsecured Reg S Bond. This strategic fundraising effort, according to the managing director, enhances the company's liability profile and fosters growth. The order book received fourfold oversubscription from investors across Asia and EMEA, reflecting strong market confidence and broadening funding sources for the financial services division.
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.
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.
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.
Fed's Kevin Warsh says interested in probe of Bowman bank meeting, won't prejudge outcome
Federal Reserve Chairman Kevin Warsh has shown keen interest in probing a discussion that took place between a top regulator and participants from the market. This meeting followed a recent Federal Reserve rate decision. Warsh clarified that he would not interfere with the ongoing investigations led by the internal watchdog, opting instead to await the findings from the independent inspector general.
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.
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.
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.
Warren Buffett confirmed his decision to build Berkshire Hathaway's substantial stake in Alphabet, stating he acted independently of CEO Greg Abel.
PayPal shares jump over 15% after Stripe, Advent make $53 billion buyout offer
PayPal shares surged after a reported $53 billion buyout offer from Stripe and Advent International, valuing the company at a premium. The proposal comes amid slowing growth and rising competition, positioning PayPal at the centre of a potential major fintech deal as investors await further developments.
EPFO alert: Why updating your profile photo is crucial for e-nominations and PF claims
EPFO members are urged to upload a recent profile photo on the Unified Member Portal to complete e-nominations and online claims. Here's why it matters and how to do it.
US stocks today: US stocks open higher as investors weigh earnings
Wall Street opened higher as softer producer inflation data eased concerns over interest rates, while investors tracked a wave of corporate earnings. PayPal shares surged on a reported $53 billion takeover bid, lifting sentiment. Gains across major indexes reflected cautious optimism amid improving inflation signals and steady market momentum overall.
Union Bank Q1 Results: Profit rises over 27% to Rs 5,641 crore
Union Bank of India achieved a remarkable 27.5% surge in its net profit for the June quarter. The bank experienced a subtle rise in net interest income, alongside a slight enhancement in margins. Additionally, the bank attracted deposits from overseas locations like Australia and the UAE through a specialized RBI window. Both global and domestic deposits increased, with a significant growth in low-cost CASA deposits as well.
Gifting stocks to your spouse, child or friend? Check how the tax rules differ in three scenarios
Gifting stocks can trigger tax implications depending on the relationship between the donor and recipient. Transfers to close relatives are often tax-exempt, while gifts to others exceeding 50,000 are taxable.
Brokers Call: Privi Speciality Chem (Add)
InCred Equities
HDFC Asset Management Q1 net up 12% at 837 crore on better inflows, rise in AUM
The quarterly average AUM of the fund house was up 13% at 9.35 lakh crore, while the market share was down marginally to 11.2% (11.5%)
BlackRock assets hit record $15 trillion on boost from buoyant markets, ETF inflows
In a remarkable show of strength, BlackRock announced impressive second-quarter profits that outpaced Wall Street's forecasts. Driven by a buoyant stock market, client assets surged to an unprecedented $15.34 trillion. The firm's iShares ETF franchise was a significant contributor, pulling in $192 billion in client cash. Additionally, private markets experienced a substantial influx of $15.4 billion, with private credit playing a crucial role.
India bonds recover on softer US rate outlook; oil risk caps gains
Indian government bonds experienced a positive turnaround on Wednesday, recovering from previous dips as soft inflation data from the US eased rate hike apprehensions. However, higher crude oil prices exerted upward pressure on US yields, which limited market gains. Steady buying from state banks and foreign entities bolstered bonds, though traders continue to navigate inflationary and fiscal uncertainties.
Morgan Stanley beats profit estimates on dealmaking boost, strong trading
Morgan Stanley has showcased an impressive performance for the second quarter, surpassing Wall Street's earnings expectations. The surge in mergers and acquisitions has notably enhanced the investment bank's advisory revenues, while record trading profits emerged amid ongoing market fluctuations. Additionally, advancements in wealth management have played a pivotal role in fueling the bank's overall financial triumph, signifying a dynamic era for the financial services sector.
Dimon-led JPMorgan poised to become world's first $1 trillion bank
JPMorgan Chase is approaching a monumental valuation of $1 trillion, marking a pivotal achievement for the financial institution. Its remarkable earnings have driven share prices to new heights, bringing it closer to this significant benchmark. The bank's prowess in both dealmaking and lending continues to support growth. Investors commend CEO Jamie Dimon's extensive leadership as a key factor, raising hopes for sustained high performance in the future.
How can families preserve art, jewellery and heirlooms for future generations?
A trust can help families preserve art, jewellery and heirlooms across generations by setting clear rules on ownership, access, conservation, display, monetization and succession.
Aurrevia launches Category III AIF with $10 million anchor from Kothari Family Office
The fund targets sophisticated investors and positions itself around capital preservation, long-term compounding, and process-driven portfolio construction within a governance-focused investment mandate
NCDEX to roll out Guar Korma futures from July 24
NCDEX will launch Guar Korma futures on July 24, giving exporters, processors and feed manufacturers a SEBI-regulated platform to hedge price risks. The contract completes the exchange-traded guar derivatives ecosystem, improves price discovery and is expected to support India's export-driven guar industry amid volatile global feed markets.
PL Capital has raised its one-year Nifty 50 target to 27,019, implying over 12% upside, while warning that the escalating West Asia conflict and a potential super El Nio could fuel inflation and hurt growth. The brokerage remains stock-specific and has identified 15 preferred large- and mid-cap picks.
Sun Pharma among 5 stocks that hit 52-week highs & rallied up to 20% in a month
The Sensex gained 130 points on Wednesday, while five BSE 200 stocksPaytm, Divi's Laboratories, Torrent Pharmaceuticals, Sun Pharmaceutical Industries and Apollo Hospitalshit fresh 52-week highs, reflecting strong buying interest, improving sentiment and sustained bullish momentum.
Earnings drown out geopolitics as Nifty ends flat; rupee hits one-month low
Nifty 50 closes at 24,078.50, up just 0.11%,
HDB Financial Q1 Results: Profit jumps 38% YoY to Rs 785 crore, NII up 20%
HDB Financial Q1 Results: Net interest income rose 20% to Rs 2,509 crore from Rs 2,092 crore a year earlier. Net total income increased 17% to Rs 3,185 crore from Rs 2,726 crore in the year-ago quarter.
RIR Power Electronics to list on NSE on Thursday
Gujarat-based semiconductor manufacturer expanding market access
Sensex today | Stock Market Highlights: Sensex closed at 77,185.43; Nifty 50 was to 24,078.50
Sensex, Nifty, Share Prices Updates: BSE Sensex closed 130.49 pts or 0.17% positive at 77,185.43, and Nifty 50 was up 26.45 pts or 0.11% to 24,078.50.
Net direct tax revenue rises 16.4%
India's net direct tax collections have surged by 16.4 per cent year-on-year to 6.51 trillion as of July 13, primarily driven by robust growth in corporate tax receipts, according to provisional data from the Central Board of Direct Taxes (CBDT).
Health insurance covers major hospitalisation costs, but many medical expenses, such as doctor consultations and medicines, are often paid out of pocket. Experts say financial preparedness and understanding policy coverage can help families avoid unexpected healthcare costs.
SIP returns disappointing? Here's when to stay invested and when to switch funds
Negative or muted SIP returns in the initial years are not uncommon, especially for equity mutual funds. Experts say investors should judge a fund over a full market cycle and switch only if there are signs of structural issues.
Rupee drops 16 paise to settle at 96.32 against US dollar
Rupee pushed lower on West Asia tension, crude oil price surge
HDFC AMC Q1 Results: Net profit rises 12% to Rs 837 crore, revenue up 14%
HDFC Asset Management Company reported a 12% rise in Q1 FY27 net profit to 837 crore, supported by higher revenue and asset growth. Quarterly average AUM climbed 13% year-on-year, while shares gained over 2% after the earnings announcement.
NRI tax filing: Moved abroad? Here's when you still need to file an ITR in India
Moving abroad does not end your tax obligations in India. From excess TDS and capital losses to property sales and future tax planning, here's when NRIs should file an ITR.
Rupee ends flat as merchant bids, oil blunt comfort from modest inflows
The Indian rupee hovered close to a one-month low on Wednesday, driven by modest portfolio inflows and increased corporate demand for dollars. Asian currencies remained mostly stable, with the dollar index resting near 101. Meanwhile, oil prices rose due to rising geopolitical tensions in the Middle East, prompting market participants to keep a close watch on inflation data and potential changes in central bank rates.
Wipro Clients Embed AI In Core Business, Says Rishad Premji
Wipro Executive Chairman Rishad Premji announced that clients are now integrating Artificial Intelligence (AI) into their core business processes, moving past initial pilot projects. Speaking at the company's AGM, Premji highlighted AI's role in driving innovation, efficiency, and growth, and noted Wipro's internal AI adoption has significantly streamlined operations.
PFRDA launches NPS PRIDE-Disha: How the new tool helps you choose the right pension fund
NPS PRIDE-Disha lets subscribers compare pension funds using XIRR based on regular contributions instead of only point-to-point returns. The platform uses historical NAV data since 2008 to help investors make more informed fund selection and switching decisions.
PL Capital raises Nifty target to 27,019; favours banks, NBFCs, capital goods and defence
The brokerage said it values the index at a 10% discount to its average 15-year price-to-earnings multiple based on FY28 earnings estimates
According to Reuters, the Treasury's monthly Treasury International Capital (TIC) report showed that net long-term purchases by foreign investors reached $1.33 trillion over the 12 months through May, reflecting sustained overseas demand for U.S. assets.
NSE, Augmont partner to expand Electronic Gold Receipts ecosystem
NSE has partnered with Augmont Enterprises to expand the Electronic Gold Receipts (EGR) ecosystem, aiming to unlock India's vast household gold holdings. The initiative seeks to improve liquidity, enable exchange-traded ownership of physical gold, reduce import dependence and create a transparent, SEBI-regulated marketplace for the precious metal.
The ITR due date is near and taxpayers are urged to gather important documents, including interest certificates, to ensure accurate reporting of income. Here is a step-by-step guide to download interest certificate from SBI, HDFC Bank, ICICI Bank, PNB and India Post.
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.
NSE partners with Augmont to boost Electronic Gold Receipts ecosystem
Electronic Gold Receipts, launched by NSE in May, enable physical gold to be converted into exchange-traded, dematerialised securities held in investors demat accounts
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.
El Nino hits India's hydropower, increases coal reliance
India's hydropower generation has been significantly constrained in July due to the El Nio effect, which has weakened the southwest monsoon and reduced reservoir levels. This decline, following a 21 per cent year-on-year drop in June 2026, is forcing greater reliance on coal generation and straining grid flexibility amidst rising power demand.
Automatic EPF transfer after job change? Avoid these 6 mistakes to prevent delays
EPFO has introduced automatic PF transfers for eligible members. However, the facility works only if certain conditions are met.
7 mutual funds made complete exit from 14 smallcap stocks in June. Check details
Seven mutual funds fully exited 14 smallcap stocks in June, including Ramco Systems, Gland Pharma and JM Financial, as fund managers reshuffled portfolios to actively manage investments and rebalance holdings.
Mutual funds pour nearly Rs 500 crore across 6 IPOs in June. Check details
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.
Rockwell Automation Sees India As Key To Asia Growth
Rockwell Automation's CEO Blake Moret highlights India as the centrepiece of the company's Asian growth strategy, detailing its four-decade presence, significant employee base, and support for the 'Make in India' initiative. The company sees major opportunities in pharmaceuticals, automotive, food and beverage, and consumer products, with AI playing a crucial role in simplifying industrial automation and boosting productivity for Indian manufacturers, including MSMEs.
RIL, HDFC Bank, SBI among JioBlackRock Mutual Fund's top 10 stock holdings in June
JioBlackRock Mutual Fund's equity portfolio was led by banking majors HDFC Bank and ICICI Bank in June, with Bharti Airtel, Reliance Industries, Larsen & Toubro and Infosys also featuring among its top holdings. The fund house, which managed assets worth Rs 16,614 crore at the end of the month, maintained a diversified portfolio across financials, telecom, technology, industrials and metals, according to Prime Database data.
Mutual funds invested Rs 50,600 crore in stocks during June. They significantly bought JSWInfra, Bajaj Finance, and HDFC Bank. Conversely, Asian Paints, ICICI Bank, and SBI saw major reductions. In midcaps, JSW Infrastructure and Meesho were key additions by funds. Smallcap segment saw buying in Acme Solar Holdings and Craftsman Auto.
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.
Gold futures slip to 1,41,274/10g
Sensex down 9.37% in 2026: Should investors wait or stay invested? Here's what history shows
The Sensex has fallen 9.37% so far in 2026, reviving concerns over whether investors should wait for markets to recover. Four decades of historical data offer insight into how Indian equities have behaved during major corrections.
After analysing the list of large-cap funds, no fund was found to have touched a Sharpe ratio of 1. Among the large-cap funds, WhiteOak Capital Large Cap Fund recorded the highest Sharpe ratio at 0.64.
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.
Auto Sector Achieves Record Q1 Dispatches in FY27
Domestic passenger vehicle dispatches in India reached a record 12,73,811 units in the first quarter of FY27, marking a 25.9 per cent growth, driven by robust domestic demand despite geopolitical headwinds, according to SIAM.
Chipmaker CXMT eyes $9.8 bn in blockbuster China IPO
China's leading memory chipmaker ChangXin Memory Technologies is seeking billions in an IPO. This move aims to bolster the nation's artificial intelligence hardware capabilities. The company intends to rival global giants like Samsung and Micron. This significant offering marks China's largest mainland tech share sale ever. It will provide a strong foundation for China's AI development goals.
Global Market: European shares slip as AI chip rally fails to offset Middle East concerns
European shares dipped slightly as Middle East tensions grew. Technology stocks advanced, boosted by ASML's positive financial forecasts. Luxury shares also performed well, driven by strong demand for jewellery. However, broader market sentiment remained cautious due to geopolitical risks. Investors are now closely watching corporate earnings for economic insights.
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.
Warren Buffett is donating nearly six billion dollars of Berkshire Hathaway stock this year. His annual mid-year donation went to four family foundations, not Gates Foundation. Speculation arose after revelations about Bill Gates' interactions with Jeffrey Epstein. Buffett previously committed to donating shares throughout his life by 2034. He stepped down as a Gates Foundation trustee in 2021.
Global Market: ECB monitoring Middle East conflict for inflation risks
The European Central Bank sees no immediate inflation fallout from the Iran conflict. Policymakers are closely watching for indirect price pressures and their potential impact. The eurozone economy has shown resilience despite ongoing geopolitical tensions and uncertainty. Medium and long-term inflation expectations remain well anchored, reflecting confidence. The bank stands ready to adjust policy if inflation risks increase significantly.
India's Top 100 Brands Hit $253 Billion
LIC is the only brand in the Brand Finance India 100 2026 report that has a top five rank in both brand value and brand strength.
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.
10-year bond yield may trade in 6.60-6.90% range over the next month: PGIM India MF's Puneet Pal
PGIM India's Puneet Pal expects the 10-year bond yield to trade between 6.60-6.90% over the next month, citing global rate hikes and a deficient monsoon, even as he favours the short end of the curve due to improving banking liquidity and possible FCNR-led inflows.
Japan PM Takaichi says draft economic blueprint not cause of bond market rout
Japanese Prime Minister Sanae Takaichi stated no connection exists between the economic blueprint and market volatility. She noted interest rates and foreign exchange depend on various global economic factors. Concerns about political influence on monetary policy have recently surfaced. The draft economic blueprint emphasized appropriate monetary policy guidance for economic strength. This guidance aims to foster a more robust and stable Japanese economy.
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.
Euro zone bond yields tick higher along with oil prices after big swings
Euro zone bond yields edged higher on Wednesday as oil prices climbed. Germany's 2-year bond yield rose, sensitive to central bank rate expectations. Oil prices increased as the U.S. and Iran continued trading strikes. Money markets are pricing in further ECB tightening this year. U.S. inflation data showed a slowdown in June.
Groww shares gain 8% on strong Q1 earnings, net profit jumps 94% to Rs 735 crore
Billionbrains Garage Ventures shares surged after reporting strong Q1 FY27 earnings. The company posted a consolidated net profit of Rs 735 crore, up 94.44% year-on-year. Revenue from operations also rose significantly, driven by traction in newer products. Groww retained its position as India's largest direct mutual fund distribution platform. The company added net clients and expanded market share across key segments.
Global Market: BoE governor calls for balanced banking rules, rejects deregulation push
Bank of England Governor Andrew Bailey pushed back against broad calls for deregulation, arguing that effective financial rules are essential for maintaining stability and supporting long-term economic growth. He also renewed his call for greater international cooperation on regulating advanced AI models, warning that the technology's cross-border risks require coordinated oversight.
Indian real estate attracts $3.2 billion PE investments in H1 2026, up 33% YoY: Savills India
Private equity investments in India's real estate sector rose 33% year-on-year to $3.2 billion in the first half of 2026, driven by strong interest in data centres, office assets and alternative real estate segments, according to Savills India. Domestic investors accounted for a majority of the inflows, while foreign capital remained focused on data centres and hospitality.
