Promoters may offload 24% stake in Clean Science for over Rs 2,626.5 crore
Ashok Boob and Krishnakumar Boob, promoters of Clean Science and Technology, are planning to sell a 24% stake in the company through a block deal on exchanges this Thursday. The deal, brokered by JP Morgan India, involves the sale of 2.55 crore shares and could fetch over ₹2,626.5 crore. The floor price is set at […]
Banks’ margins slip to lowest in 3 years on rate cut impact
The banking sector’s net interest margin (NIM) has declined to a three-year low of 3.98% in the June quarter, impacted by the RBI’s repo rate cuts. Lending rates adjusted faster than deposit costs, squeezing bank profits. Analysts anticipate NIM improvement in the second half of FY26, contingent on deposit rate adjustments and no further rate […]
Three out of six members on RBI’s monetary policy committee acknowledged space for August rate cut: MPC Minutes
The MPC minutes reveal a cautious stance, with some members acknowledging room for an August rate cut, while Governor Malhotra highlighted external growth challenges. Uncertainty surrounding trade policies and the impact of past easing measures influenced the decision to maintain the status quo. Members opted to wait and assess the full transmission of previous policy […]
RBI to slowly shift towards regulations based on outcomes
The Reserve Bank of India is transitioning towards principles- and outcome-based regulations to offer operational flexibility to regulated entities. While this approach fosters innovation, the RBI acknowledges the importance of rule-based frameworks, particularly for consumer protection. The central bank is also exploring behavioural economics to enhance consumer outcomes and improve regulatory efficiency.
UltraTech to sell up to 6.49% in India Cements through offer for sale
UltraTech Cement plans to sell up to 6.49% stake in India Cements through an offer for sale on August 21-22, aiming to reduce its holding to 75% to comply with SEBI norms. The floor price is set at ₹368 per share, potentially raising nearly ₹740 crore. UltraTech acquired India Cements in 2024 and is expanding […]
Almost all Fed officials preferred to maintain rates
Federal Reserve policymakers debated interest rate decisions last month, with some dissenting against holding rates steady due to concerns about a weakening job market. Subsequent labor data validated these concerns, showing fewer jobs created and a rise in unemployment. However, recent inflation data has complicated the outlook, leading to ongoing discussions about tariffs’ impact and […]
Big investors ditch tech ahead of expected September stocks slump
Big investors, fearful of September’s typical seasonal declines, exited profitable stock positions on Tuesday, according to investors and trading company research, a sign the selloff in tech may be driven by a broad aversion to risk.
Turnaround Story: 9 stocks shift from loss to profit in June ’25 quarter YoY
In the June 2025 quarter, nine Nifty500 stocks reported net profits versus losses a year ago, marking a sharp turnaround. Companies including Adani Energy Solutions, One97 Communications and others posted significant recoveries.
China considering yuan-backed stablecoins to boost global currency usage, sources say
China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets.
Gold drops Rs 400 to Rs 1,00,020/10 g, silver plunges Rs 1,500
Gold prices dropped Rs 400 to Rs 1,00,020 per 10 grams in the national capital on Wednesday due to continuous selling by stockists, according to the All India Sarafa Association.