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…
Apart from strategic petroleum reserves and LPG reserves,, India is now looking to build emergency liquefied natural gas (LNG) reserves. (AI image) Even as it focuses on building its strategic petroleum reserves, India is now looking to build emergency liquefied natural gas (LNG) reserves. The plan is to have storage at import terminals by allowing…
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…
NEW DELHI: Indian car buyers are increasingly moving away from conventional petrol and diesel vehicles, with compressed natural gas (CNG), hybrid and electric models accounting for more than 40% of passenger vehicle retail sales for the first time in June, signalling a structural shift in consumer preference towards lower running costs and fuel-efficient technologies.According to…
Mumbai: Bank lending to industry in the first two months of FY27 was led by the power sector, followed by chemicals, and vehicles, even as exposure to telecommunications declined, reflecting a shift in sectoral credit allocation by lenders.According to data for the period between end-March 2026 and end-May 2026, gross bank credit to industry rose…
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…
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,…
NEW DELHI: India is in the final stages of preparing Semicon 2.0, the next phase of its semiconductor mission, with govt set to broaden incentives beyond chip fabrication to support the country’s wider semiconductor ecosystem.Speaking during an online session hosted by the India Semiconductor Mission (ISM) on Monday, ISM CEO Amitesh Kumar Sinha said the…
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…
