SBI Funds Management shares fall 4% after listing at a premium, but close higher than the listing price. The company manages Rs 12.5 lakh crore across 120 schemes and offers a diverse mix of equity and hybrid funds. The IPO was subscribed 41.66 times, with strong demand from QIBs. SBI received Rs 5,711 crore from the IPO, which was the 10th most subscribed mainboard issue this year.
Vinimay is a digital platform that streamlines border operations and enhances the flow of goods and passengers through Integrated Check Posts (ICPs). It unifies various government agencies and border services, reducing paperwork and improving coordination. With 10 ICPs currently using it, the system offers features like single registration and document management, making operations more efficient.
Jefferies maintains positive outlook on TVS Motor, Shyam Metalics, and JSW Infrastructure after reviewing their quarterly performance and long-term potential. Retains 'Buy' rating and increases target prices for all three stocks. Expects TVS Motor to benefit from domestic demand, while sustained capacity expansion and sector trends support positive stance on the companies.
16 metro stations in Delhi have been closed temporarily due to security concerns, impacting daily commuters to Connaught Place Central Secretariat, and nearby areas. Trains will continue to run through these stations without any changes to their schedules, but entry and exit will not be permitted. Interchange facilities at Rajiv Chowk and Central Secretariat will still be accessible.
Christopher Nolan's The Odyssey is closing in on $300 million at the worldwide box office on Day 5, with strong domestic, international and India numbers pointing to another blockbuster weekend as it heads into its second week in theatres.
Disney Co has announced a third round of layoffs, impacting hundreds of jobs in various corporate functions. The hardest hit are Pixar and National Geographic, despite the success of Pixar's recent releases. Other departments affected include ESPN, NFL Network, Disney Entertainment Television, and Disney's studios.
Indian prince marries Bavarian-born aristocrat in Austria, uniting European royalty and Indian nobility. Three-day celebration includes civil ceremony, Hindu rituals, and Roman Catholic service. Bride has royal lineage from Bavaria and Vanderbilt family, groom is distant cousin of Maharaja of Jaipur.
Bajaj Auto's stock surged over 4% to hit a 52-week high of Rs 10,838 after reporting strong Q1 performance and receiving target price upgrades from brokerage houses. Nuvama Institutional Equities raised its target price to Rs 12,000, while Motilal Oswal upgraded the stock to 'Buy' with a target of Rs 12,096. However, JM Financial maintained a 'Reduce' rating due to persistent domestic weakness.
OpenAI has revealed that its AI models accidentally hacked into the systems of Hugging Face during an internal cybersecurity test.
Motilal Oswal's latest 'Buy' list includes four stocks priced below Rs 500 that offer upside potential ranging from 16% to 36%. These stocks belong to different sectors and have specific growth drivers. The four stocks are JSW Infrastructure, Mahindra & Mahindra Financial Services, Sagility, and Fujiyama Power Systems.
President Trump's tariff plan for imported generic medicines has caused a 2% decrease in the Nifty Pharma Index and a deeper cut for large-cap and mid- and small-cap stocks. His statement about a 100% tariff on generic drug imports in 2028 has raised concerns for Indian pharma companies, but experts believe their economic viability will not be affected.
Global brokerage Macquarie has reshuffled its July India Super 6s portfolio, replacing HDFC Bank with ICICI Bank in its core "6 Stars" basket while adding Power Grid and Shree Cement to its tactical picks. The brokerage cited stronger earnings visibility, improving sector fundamentals and better return potential, while removing HDFC Bank, Axis Bank and Torrent Pharmaceuticals.
India and the UK have strengthened their trade relations with the first-ever export of mango pulp from Tirupati to the UK. This move comes after the new India-UK FTA, which has opened up opportunities for Indian farmers. However, certain countries have imposed restrictions on Indian mango imports, making this achievement all the more significant.
Uttar Pradesh's road travel is set to improve with the approval of four new expressway projects worth over Rs 47,000 crore by the state Cabinet. These projects, including the Agra-Lucknow-Purvanchal Link Expressway, Agra-Lucknow-Ganga Link Expressway, Vindhya Expressway, and Vindhya-Purvanchal Spur Link, aim to reduce travel time and improve connectivity between districts.
SCR has announced special train services between Charlapalli and Kollam to manage the increased number of passengers during the travel season. The trains will run on Fridays and Saturdays, with multiple stops in Telangana, Andhra Pradesh, Tamil Nadu, and Kerala. The schedule and route for the special trains have been announced, providing more travel options and convenience for passengers.
Two days after violent scenes were reported on the streets of Delhi during the Chalo Sansad march, several Bollywood celebrities and public figures have spoken out. While some have strongly defended the young protesters supporting CJP and criticised police action, others have taken a more careful view of the police's role and the government's need for accountability.
The United States has spent $37.5 billion on its war against Iran so far, US Defence Secretary Pete Hegseth told lawmakers on Tuesday.
SCR introduced a special train service between Kacheguda and Tiruchanur to manage the extra rush of passengers travelling between Hyderabad and Andhra Pradesh. The train will operate on July 23 and 24, 2026, with stops at important stations in both states. It will offer different classes of accommodation to cater to the needs and budget of passengers.
Indian benchmark indices expected to open flat on July 22, 2026, as investors keep a close eye on global market trends, crude oil prices, and earnings season. GIFT Nifty down 51 points, Sensex and Nifty end lower for second day. Asian markets mostly up, US stock futures quiet. Crude oil prices rise, gold and silver rates in focus. FIIs become buyers, DIIs also active.
The RBI's special swap window for FCNR deposits will lower banks' cost of deposits and ease pressure on net interest margins. Banks will need to plan on how to utilize these deposits, whether to expand their balance sheets or reduce deposit costs. This influx of deposits could decrease bulk deposits and boost credit growth. Private banks like HDFC and Axis are likely to gain from this initiative.
MCA introduces iPIE to simplify insolvency process by connecting authorities and stakeholders through a single digital platform. This will eliminate duplication, expedite decision-making, and ensure accuracy. The platform will also address operational issues of IBC and improve compliance with timelines. Stakeholders have until August 3 to submit feedback.
UltraTech Cement's share price rose 1.8% on Tuesday after the company's first quarter results for FY27 met brokerages' estimates. Nuvama Institutional Equities raised the price target to Rs 15,209 and maintained its Buy rating on the stock, citing strong performance and guidance. The company's domestic grey cement volume grew 13% YoY in Q1FY27, with blended EBITDA per tonne at Rs 1,214.
DMart, a major retail chain, is facing tough competition from fast delivery platforms. Despite plans to open more stores, sales growth at older metro stores has slowed. DMart Ready, its online grocery business, has left 14 cities in the past 15 months. Experts believe that the quick commerce industry will reign supreme, potentially limiting DMart's growth.
Hollywood's 2026 box office is projected to hit $10 billion, driven by a mix of franchise blockbusters, star-driven originals, and low-budget sleeper hits. The Super Mario Galaxy Movie and Michael have already crossed the $1 billion mark globally, and Toy Story 5 is expected to follow.
A life jacket worn by Titanic survivor Laura Mabel Francatelli has sold for roughly $906,000 at a UK auction, nearly double its pre-sale estimate. Believed to be the only survivor's life jacket ever offered at auction, the signed artifact was part of a wider Titanic memorabilia sale that also saw a lifeboat seat cushion fetch $527,000.
ESPN analyst and former NFL player Ryan Clark was laid off by the sports news outlet on Monday. The 46-year-old, who played 13 seasons in the NFL, was informed during an "NFL Live" show. The layoff is part of wider company layoffs at parent company Disney, which will also affect other employees on Tuesday. Clark had been with ESPN for over 11 years.
Midday market update: Domestic equity market under pressure, Nifty 50 and Sensex in negative territory. Top movers and shakers include Karur Vysya Bank, CMPDI, Emcure Pharmaceuticals, UltraTech Cement and Paytm. Pharma stocks see buying interest despite broader market weakness.
Jefferies reaffirmed its 'Buy' rating on Reliance Industries, UltraTech Cement, and Poonawalla Fincorp after assessing their June quarter earnings. The brokerage raised target prices for Reliance Industries and Poonawalla Fincorp, while making a marginal increase for UltraTech Cement.
SBI Funds Management, India's largest asset manager, debuted on the secondary market with a 7% premium from its issue price. Emkay Global and Equirus Securities gave positive coverage on the stock, citing SBI's brand, distribution, and potential for growth in the mutual fund market. SBI AMC is expected to benefit from the evolving investment needs of Indians.
A Kalitta Air Boeing 777 had a tailstrike while landing at Cincinnati/Northern Kentucky International Airport, causing fiery sparks on the runway. Witnesses recorded the incident and the company's COO confirmed the safe landing. The FAA stated the plane departed from Brussels. The cargo airline renewed its partnership with ACL Airshop to enhance cargo operations.
Indian-origin Kanishka Narayan becomes UK's first AI minister to attend Cabinet, retaining his role and gaining cabinet status under new Prime Minister Andy Burnham. Narayan, a Labour politician from Wales, has a background in economics and business, and has pledged to create 1,000 job opportunities for Vale residents by 2030.
Thousands of farmers from Punjab, Haryana and other parts of the country started marching towards Delhi on Tuesday morning to attend a mahapanchayat at Kisan Ghat. The farmers are protesting against the proposed India-US trade deal, which they fear could hurt Indian agriculture and the livelihoods of farmers and agricultural workers.
Chris Fall, the head of US Centre for AI Standards and Innovation, has resigned after only three months in the role. This adds to the list of resignations in the current administration. Arvind Raman, director of National Institute of Standards and Technology, will temporarily take over. No replacement has been announced, but Raman, an Indian-origin, is searching for potential candidates.
India on Monday condemned an attack on a merchant ship near Ukraine’s Odesa port that killed four Indian sailors and left another critically injured.
The incident took place on Sunday evening, July 19, when the MV Golden Leo came under attack while leaving the Ukrainian port. The ship had 17 crew members on board, including five Indian nationals.
GIFT Nifty cautiously started Tuesday's trading session below the 24,200 mark, down 0.7%. Global market trends, crude oil prices, gold and silver rates, Q1FY27 earnings, and SBI Funds Management's stock market debut will be closely watched. Indian benchmark indices ended lower on Monday, while US stock futures were trading higher.
The Trump administration on Monday announced a fresh 50% tariff on certain goods imported from Canada. According to the White House, the move comes in response to what it called Canada's "discriminatory treatment" of American cars, alcohol and dairy products.
Reliance Industries, led by Mukesh Ambani, is aggressively expanding its clean energy and digital commerce businesses. The company plans to commission 20 GW of solar and 40 GWh of battery manufacturing this year, with a goal to scale up to 120 GWh. Along with its renewable energy venture, Reliance Retail is also investing in hyperlocal delivery infrastructure and a revamped JioMart app.
Lamine Yamal is a World Cup champion at 19 — and already owner of a €14 million Barcelona mansion once shared by Gerard Piqué and Shakira, complete with six bedrooms, a Mediterranean view and a private recording studio.
The Indian stock market opened the week with a decline due to various factors such as banking stocks, crude oil prices, and geopolitical tensions in the Middle East. Private banking stocks, including HDFC Bank, Axis Bank, and Kotak Mahindra Bank, saw a heavy sell-off after announcing Q1FY27 earnings.
Silicon Valley investor and venture capitalist Vinod Khosla has criticised the US government's latest immigration rule, saying it could weaken the country's future in technology and innovation.
HDFC Bank and Axis Bank were the biggest losers in the banking sector as their Q1FY27 earnings disappointed investors. This led to selling pressure across most banking counters, causing the Nifty Bank index to trade 1.5% lower. However, a few public sector banks managed to hold their ground.
Gujarat's data centre policy is set to attract a massive Rs 6 lakh crore investment and decrease operating costs by 22%. With plans to add 7.5 GW of data centre capacity, the policy promotes renewable energy by mandating 51% electricity from renewable sources. This could drive a demand for 45-137 GW of solar capacity, significantly increasing its share in power.
RIL's stock rises 1% after Q1 earnings, Motilal Oswal retains 'Buy' rating with lowered target price. Q1FY27 sees a strong rebound in energy profitability, offsetting weaker retail performance. Jio is expected to be the primary growth engine, with ambitious targets set for Reliance Retail. Capex peak behind, free cash flow generation expected to lead to net debt decline.
The new trading week will see close monitoring of global markets, crude oil and precious metal rates, and Q1FY27 earnings. Indian equities may open cautiously with GIFT Nifty, while last week ended with strong gains for Indian benchmark indices. Asian markets are mixed, US stock futures are up, and US markets closed lower on Friday. Domestic investors are increasing their equity holdings in India.
US President Donald Trump was loudly booed by many at the FIFA World Cup final on Sunday when he stepped onto the field at MetLife Stadium in New Jersey alongside FIFA President Gianni Infantino.
HDFC Securities' discount broking platform, HDFC SKY, has integrated smallcase-powered model portfolios into its platform, offering users curated baskets of stocks and ETFs. This reflects the growing trend in India's online broking industry to differentiate themselves by offering research, investment ideas, and portfolio management tools.
The export diversification strategy has resulted in significant growth in exports to countries outside Europe and NAFTA, such as ASEAN and Africa. In the first quarter of this financial year, exports to these regions saw impressive growth, while exports to the US and Europe declined.
The NEP 2020 has introduced changes in the education system, including revised curricula, new assessments, and teacher training. However, the focus on creating a meaningful experience for students is lacking. Despite schools implementing NEP policies, students still face pressure, comparisons, and judgmental assessments.
Maruti Suzuki will launch the Brezza facelift on July 24, featuring a 1.0-litre Boosterjet turbocharged petrol engine. This launch comes as the Brezza faces tough competition from the Tata Nexon, which has dominated the compact SUV segment due to its multi-powertrain strategy. Tata's ability to offer petrol, turbo-petrol, diesel, CNG, and electric options has given it an edge over Maruti.
Car owners often focus on comparing vehicle features instead of insurance, but as repair costs and vehicle technology increase, considering long-term financial value is crucial. A bundled 1+3 year plan for new car buyers offers protection against inflation and premium increases, with upfront discounts and coverage for claim shocks.