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7 of top 10 firms shed Rs 1.13 lakh cr in m-cap; Airtel, Reliance worst hit
Last week observed a notable decline in market valuations, with seven out of the ten top firms witnessing a reduction of Rs 1.13 lakh crore. The greatest impact was felt by Bharti Airtel and Reliance Industries, linked to concerns over global interest rates and geopolitical instability. Nonetheless, there was robust buying in IT stocks, which…
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Alfa raises delisting price to Rs 2,850 a share
Alfa Laval (India) today said its parent firm has raised the delisting offer price to Rs 2,850 a share.
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Foreign investors continue buying spree; pour Rs 12,921 cr in first week of Aug
In early August, Foreign Portfolio Investors poured Rs 12,921 crore into Indian equities, building on their notable investments from July. This surge indicates improved investor sentiment and favorable macroeconomic conditions. Furthermore, foreign investors have displayed interest in India’s debt market, resulting in additional inflows. However, it’s worth noting that despite these recent inflows, they have…
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Fitch withdraws Reliance Capital ratings
Fitch on Friday said it has withdrawn the ratings on Reliance Capital as the company has decided to stop participating.
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DB Realty, Unitech stocks rose
The stocks of DB Realty and Unitech rose after top executives of these companies were granted bail in the 2G scam case.
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Cigarette cos shares outperform benchmark Sensex
Shares of cigarette companies have rallied over the past one month, with ITC, Godfrey Philips and VST Industries hitting record highs.
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‘Discoms’ poor fin health poses risks for traders’
The poor financial health of state electricity boards could pose significant business risks for power traders in the country, says Fitch.
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Lovable Lingerie’s dream run on as traders lap it up
Lovable Lingerie is 3rd-best performing stock among companies listed this year, with it doubling in value, as traders bet it could repeat performance of Page Indus.
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Bandhan Bank promoter to gradually reduce stake to meet RBI norms
Bandhan Financial Services will reduce its stake in Bandhan Bank gradually. The promoter aims to comply with RBI regulations by 2030. Recent share sales occurred on the open market, lowering holdings. A proposed stock split will divide shares to attract retail investors. Shareholders will review this plan at the upcoming annual general meeting.
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Government may do away with UPI subsidies as MDR revenue kicks in
Government may end UPI subsidies for small transactions as merchant fees are introduced. Taxpayer-funded incentives for UPI and RuPay transactions are being phased out. No new subsidies have been paid for transactions since April 2025. This shift aims to make the payment ecosystem self-sustaining and reduce taxpayer burden. Incentive disbursements have significantly decreased in recent…