Indian benchmark indices, Sensex and Nifty, closed lower on Wednesday, reversing early gains due to profit-taking and weakness in sectors like IT, FMCG, and consumer durables, despite support from lower crude oil prices.
The asymmetry in deposit and credit growth is the biggest challenge before the Indian banking industry. For every 100 deposit that a bank mobilises, it needs to keep 3 with the banking regulator in the form of cash reserve ratio on which it doesn't earn any interest. Another 18 is used for buying government bonds (statutory liquidity ratio). This means, a bank is left with 79 for giving credit. Add to this, its capital which can be used for giving loans. Most banks are facing a fund crunch. They need to find ways to attract deposits if they want to sustain credit growth, explains Tamal Bandyopadhyay.
IT major Tech Mahindra reported a 28.4 per cent increase in consolidated net profit for the June quarter, reaching Rs 1,465 crore, driven by broad-based growth across manufacturing and financial services, and expressed confidence in a positive demand environment for the rest of the year.
India's quick-commerce (qcom) industry is facing significant profitability challenges in metro markets due to saturation and intense competition, with the number of dark stores already exceeding profitable capacity, according to a Bernstein report.
'Every period of excessive optimism eventually gives way to a correction, while periods of extreme pessimism often create the best investment opportunities.'
From why FIIs will return to India with 'bagfuls' to what to do if markets crash 20%, from finding the next multi-bagger to whether the battered IT sector can bounce back -- Trust MF CIO Mihir Vora's calm answers will surprise you.
'India is vulnerable to the West Asia crisis in three ways: Energy costs, the business Indian companies conduct in the region, and remittances from the Indian diaspora.'
JSW Group and China's SAIC Motor are in discussions for the next round of capital support for JSW MG Motor India, aiming to expand manufacturing capacity beyond 220,000 units annually to an ambitious one million vehicles and broaden its new-energy vehicle (NEV) portfolio.
Sony Pictures Networks India (SPNI) has seen its revenue grow by over 9 per cent to 7,064 crore, driven by the strong performance of SonyLIV, Sony SAB, and Sony Entertainment Television (SET), said Gaurav Banerjee, head of SPNI.
API Holdings, the parent company of online pharmacy PharmEasy, has significantly reduced its debt from 1,800 crore to 1,050 crore and refinanced it at lower interest rates under CEO Rahul Guha, shifting its focus from 'growth at any cost' to profitability and aiming for a debt-free balance sheet before a potential stock market listing.
The More Than Equal initiative, co-founded by David Coulthard, is actively supporting young female drivers like Alexia Danielsson, 17, who are competing in junior series with the ultimate goal of reaching Formula One, a feat no woman has achieved in 50 years.
The companies that grow are the ones that adapt quickly, embrace technology thoughtfully and never lose sight of the customer.
Over 130 Indian nationals, including Kailash Manasarovar Yatra pilgrims and tourists, are missing or stranded in Nepal following devastating flash floods that have cut off central districts and disrupted communication links. Indian states and the embassy in Kathmandu have launched helplines to assist those affected.
Natarajan Chandrasekaran, credited with stabilising Tata Sons after a boardroom coup and overseeing significant expansion, has announced his resignation as chairman, capping a nearly decade-long tenure marked by both successes and escalating tensions with the group's controlling charitable trusts.
India Inc's first-quarter earnings season was significantly impacted by the West Asia conflict, leading to rising costs, calibrated price increases, and margin pressures across various sectors including FMCG, automotive, steel, and cement. Companies are implementing price hikes to protect profitability, with many anticipating further escalations if input costs remain elevated.
Former FIFA vice-president Jim Boyce has strongly criticised President Gianni Infantino's abandoned plans to sell a stake in the World Cup to private investors, labelling the proposal 'ludicrous' and urging FIFA to prioritise the interests of fans over profit.
For 17 years, Mani Bhavan was Gandhi's Bombay home and nerve centre of the freedom movement.
Many investors are working hard as their own fund managers, unaware whether their efforts have actually rewarded them for the job.
'Today, we see people go on ChatGPT to ask 'can you plan my holiday' and then they have to go outside of the ChatGPT window to make all the bookings and so how can we complete that really high-intent use case that a user has come to ChatGPT with and help them complete that all the way within the chat GPT window.'
While the latest trigger for him stepping down could be the uncertainty around his renewal as a director at the AGM, which is otherwise a routine matter, Chandra may have been contemplating quitting for some time now because of the overall turbulence with the principal shareholder on the leadership issue.
What made Kaun Banega Crorepati special was the simplicity of the game, a clean Q & A format taking pride in delivering knowledge when not testing it. But the strain of advertising, destroying one medium after another, bears down on the latest edition, observes Sukanya Verma.
A Delhi court has denied bail to Raj Kumar, an accused in an inter-state child trafficking racket, emphasising that child trafficking is a "heinous scourge" and an "onslaught on the moral conscience of civilised society." The court highlighted the vulnerability of children and the commercialisation of infants, noting that the complainant's newborn is still missing and the accused's wife has prior involvement in similar cases.
Vodafone Idea (Vi) significantly reduced its losses in Q1 FY27 to approximately 3,754 crore, driven by an exceptional gain and increased average revenue per user (Arpu). The company also reported its first net subscriber additions since its 2018 merger, indicating a positive shift in its operational trajectory.
'It's not about individuals operating the mule accounts being more or less skilled. Instead, 'lower-level' refers to the role the individual account plays in the broader mule network.'
Flipkart-backed Scapic Innovations, operating as super.money, has launched splitStore, a credit-linked e-commerce platform targeting Gen Z. It allows customers to split payments into interest-free installments, with the goal of contributing 20% to total revenue by December and transforming how India shops by providing instant access to products for new-to-credit users.
Understanding the most common mistakes during market downturns can help you protect your investments and stay focused on your long-term financial goals, says Ramalingam Kalirajan
India's net direct tax collections have surged by 16.4 per cent year-on-year to 6.51 trillion as of July 13, primarily driven by robust growth in corporate tax receipts, according to provisional data from the Central Board of Direct Taxes (CBDT).
'Healthy double-digit returns are still possible, though a sharp rally is unlikely.'
Lots of interesting films coming up in theatre this August, and the entertainment at home is just as good!
Christopher Wood, global head of equity strategy at Jefferies, warns that cheaper Chinese artificial intelligence (AI) models could lead to 'massive capital destruction' in US markets, highlighting the rapid growth of Chinese LLMs and the increasing debt funding for AI capex in the US.
Indian youth creates fictional AI influencer, Emily Hart, who amasses millions of followers and earns him substantial income, exposing the deceptive potential of AI in the digital age.
An employee whose financial future is 60-80 per cent dependent on a single company's growth trajectory has no genuine safety net.
'At the end of the day, it is just another technology produced by the human mind.'
Precision engineering components maker Indo MIM Ltd is optimistic about the growth of the domestic aerospace industry, particularly focusing on engine applications. The company notes a significant acceleration in foreign OEM interest in India for engineering talent and manufacturing. Indo MIM recently announced its Rs 3,812 crore IPO, opening on July 23, to fund borrowings and general corporate purposes.
Precision engineering components maker Indo MIM Ltd is optimistic about the growth of the domestic aerospace industry, particularly focusing on engine applications. The company notes a significant acceleration in foreign OEM interest in India for engineering talent and manufacturing. Indo MIM recently announced its Rs 3,812 crore IPO, opening on July 23, to fund borrowings and general corporate purposes.
Mumbai has spent four centuries building folklore around its monsoon: The potholes, the delayed trains, the office debates about whether it will 'break' this week or next. It turns out the rain was always a market. Nobody had built the exchange for it until now!
Virat Kohli recently spoke about his retirement from Test cricket and his new shoe launch.
AIFF and ISL clubs have reached a landmark agreement that hands commercial rights to clubs while the federation retains regulatory control, paving the way for a club-led Indian Super League from the 2026-27 season.
Morocco defeated Canada 3-0 in the World Cup last 16, with Azzedine Ounahi scoring two goals, to advance to the quarter-finals for the second consecutive time. The victory ended Canada's tournament run.
'I am challenging you, Bhajji. If you have a problem with the slap thing and me... come into the ring.'
