Business

MUMBAI: Both sensex and Nifty ended 1% higher respectively on Friday, extending gains for the second day, aided by a rally in heavyweights Reliance Industries, ICICI Bank and HDFC Bank, and positive global cues. Easing crude oil prices and buying in IT stocks propelled the rally. Sensex jumped 828 points to settle at 77,569. Source…

BENGALURU: India’s startup IPO pipeline gathered further momentum on Friday as manufacturing platform Zetwerk, furniture rental company Rentomojo and defence technology firm Tonbo Imaging received Sebi approval for their proposed public issues.According to sources, Zetwerk plans to raise Rs 4,000-5,000 crore through its IPO. Source link

Dixon Technology surged 3.5 per cent after announcement of JV with Vivo for manufacturing smartphones in India NEW DELHI: Govt approval for a manufacturing joint venture between China’s Vivo and Dixon Technologies could become the blueprint for how Chinese smartphone brands expand production in the country while navigating strict foreign investment rules.The approval clears a…

Despite stock market volatility in June, net inflows into equity mutual funds (MFs) during the month jumped 26% over May to almost Rs 29,000 crore as investors poured money into mid- and small-cap funds ahead of other types of schemes.Gross flows through the SIP route also jumped to nearly Rs 31,800 crore, a three-month high…

ONGC said the proposed facility, along with related infrastructure, will be developed as the Phase-I expansion of the existing strategic petroleum reserve at Mangaluru. (Reuters photo) As the world faces turmoil with the ongoing Middle East situation, state-run Oil and Natural Gas Corporation (ONGC) on Friday announced that its board has granted in-principle approval for…

Next week marks the start of a busy earnings calendar. (AI image) Wall Street today: US stocks and oil prices were largely flat on Friday, heading toward a subdued end to the week after the sharp swings seen earlier as investors assessed the potential impact of the Iran conflict on global crude supplies.The S&P 500…

The government has said that the Ethanol Blended Petrol (EBP) Programme is a major component of India’s energy strategy,. (E85 petrol – ANI photo) Seeking to clarify the goals and usage implications of ethanol-blended petrol, the government has come out with a list of Frequently Asked Questions (FAQs). The move comes amid backlash and concerns…

MUMBAI: Auto financiers are pushing for innovation in lending, with a shift towards embedded finance and partnerships instead of generic EMI products, even as global markets adopt integrated digital credit at the point of sale.Speaking at the Federation of Automobile Dealers Association (FADA) 5th Finance and Insurance Summit 2026 in Mumbai Rajan Pental, executive director…

MUMBAI: Bank of Maharashtra reported a net profit of Rs 2,023 crore in Q1FY27, up 27% from Rs 1,594 crore in the corresponding quarter a year earlier, driven by higher net interest income and non-interest income as loan growth lifted interest earnings while other income streams strengthened. The increase in net profit was driven by…

MUMBAI: India’s foreign exchange reserves rose by $7.3 billion to $674.2 billion in the week ended July 3, driven largely by an increase in foreign currency assets and a rise in the value of gold holdings. The gain reflects both valuation effects and accretion in underlying assets, with the two dominant components of reserves accounting…