Antony Waste shares tumble 5% after waste mound collapse at Pune facility; workers feared trapped
Antony Waste share price fell 5% after a waste mound at Pimpri Chinchwad facility collapsed due to heavy rainfall. The debris fell onto the administration building, causing its structural failure. Rescue operations are currently underway involving multiple emergency response agencies. The company is providing medical assistance and support to affected families. No immediate material impact […]
SBI Funds Management sets IPO price band at Rs 545–574 for Rs 11,693 crore public offer
The anchor book will open on Monday, July 13. The IPO will open for subscription on Tuesday, July 14, and close on Thursday, July 16.
Bonus issue alert! Last day to buy Goldiam International shares for 1:3 bonus reward. Do you own?
Diamond jewellery maker and exporter Goldiam International has fixed July 10 (Friday) as the record date for its 1:3 bonus issue, effectively marking today the last chance for interested investors to buy shares of the company to be eligible for the bonus reward.
Oil rises after US launches fresh strikes against Iran
Oil prices increased on Thursday following new U.S. strikes against Iran. These actions have diminished hopes for peace and the Strait of Hormuz reopening. Brent and West Texas Intermediate crude futures saw notable gains in early trading. Shipowners are expected to adopt a more cautious approach to voyages through the strait. Insurance providers are reviewing […]
Gold dips as Mideast hostilities revive inflation concerns
Gold prices experienced a decline on Thursday after recent drops. Renewed hostilities between the United States and Iran fueled inflation worries. Higher interest rate expectations also pressured the non-yielding precious metal. Central banks worldwide are monitoring inflation and economic growth forecasts. Other precious metals like silver, platinum, and palladium saw mixed movements.
Rupee, stocks reel as Trump signals end of Iran truce
Indian stocks and the rupee experienced a significant decline on Wednesday. This market downturn followed fresh US strikes on Iran and rising oil prices. The country’s volatility index surged, reflecting increased trader risk perception. Bond yields climbed the most in over three months, while the rupee ended as the continent’s worst performer. Analysts suggest market […]
TCS braces for muted June quarter; AI outlook and deal pipeline in focus
Tata Consultancy Services anticipates slower revenue and profit growth for June 2026 quarter. Client decision cycles are elongating, impacting project ramp-ups and growth rates. Revenue is expected to remain flat sequentially, marking a continued trend. A weaker rupee may offer some support to rupee-denominated financials. Investors will monitor artificial intelligence initiatives and deal scalability trends.
Domestic prop trading firms face higher funding costs under RBI’s new rules
New Reserve Bank of India lending rules increase funding costs for local proprietary traders. These changes require 100% collateral for bank guarantees, impacting domestic firms significantly. Foreign trading majors, however, can access cheaper overseas funding sources. This situation may allow foreign firms to capture a larger domestic market share. Domestic traders face a disadvantage compared […]
Gold, silver extend losses amid Middle East tensions; Fed minutes in focus
Gold and silver prices declined significantly in Mumbai trading on Wednesday. This retreat followed global bullion market weakness and US President Donald Trump’s comments. Crude oil prices surged, stoking inflationary concerns and impacting investor sentiment. Analysts noted that rising inflation and a stronger US dollar reduced gold and silver’s appeal. Investors now await US Federal […]
Axis Bank loses three senior executives amid leadership reshuffle
Axis Bank has seen three senior executives resign from their positions. These departures add to a significant reshuffling occurring within private sector lenders. Anil Agarwal and Vikas Shinde, long-serving executives, have left the bank. Jimmy Tavadia, group head of trading, also resigned from his role. These changes coincide with the lender reorganizing key corporate banking […]