The Centre has put a stake in Cochin Shipyard Limited (CSL) up for sale, announcing an Offer for Sale (OFS) of 2.52% of the company’s paid-up equity. If the issue sees strong demand, the government can sell another 2.52% through a green-shoe option.The floor price for the OFS has been set at Rs 1,400 per…
As signs of a de-escalation in the West Asia conflict emerged, selling by foreign investors eased, with fresh inflows returning to banks and financial services. (AI image) Foreign Portfolio Investors or FPIs are back on Dalal Street! FPIs turned buyers of financial stocks in the second half of June, purchasing shares worth Rs 14,634 crore…
India and Indonesia are strengthening their bilateral ties, expanding cooperation across defence, trade, technology, maritime security and cultural exchanges. The push comes as Prime Minister Narendra Modi and Indonesian President Prabowo Subianto held talks in Merdeka Palace, Jakarta on Tuesday.PM Modi said that the two countries were embarking on a “golden chapter” in their partnership…
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,…
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…
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…
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…
NEW DELHI: Govt has proposed a new credit trading mechanism under India’s Corporate Average Fuel Efficiency (CAFE) norms that would allow passenger vehicle manufacturers exceeding fuel-efficiency targets to sell surplus compliance credits to peers that fall short, creating a potential new revenue stream, while easing compliance with emission standards.A draft amendment issued by the ministry…
Mahindra Group (File photo) CHENNAI: Mahindra Group is betting on a clutch of fast-growing businesses beyond its core automotive and farm equipment operations, setting ambitious expansion targets across hospitality, real estate, logistics, renewable energy, electric mobility and aerospace as it seeks to build multiple long-term growth engines.The diversified conglomerate said its so-called “Growth Gems” –…
