SBI Funds Management Ltd. is set to list on stock exchanges next week following its Rs 11,692 crore Initial Public Offering (IPO), which involves an Offer for Sale (OFS) of a 10 per cent stake by SBI and Amundi.
Indian benchmark indices Sensex and Nifty extended their winning streak to a fourth consecutive day, driven by strong buying in blue-chip bank stocks and a decline in global crude oil prices. Fresh foreign fund inflows also contributed to the optimistic sentiment in the domestic equity market.
The National Stock Exchange (NSE) is reportedly planning to launch its much-anticipated initial public offering (IPO), estimated at around Rs 30,000 crore, in September, potentially valuing the exchange at over Rs 5 lakh crore.
Indian Hotels Company Ltd (IHCL) is expected to benefit from higher room rates, rising occupancy, and strategic acquisitions, with analysts projecting double-digit revenue growth for FY27 driven by strong domestic demand and a favourable demand-supply dynamic.
The Centre has reviewed the monsoon situation, noting a reduced rainfall deficit and ongoing preparedness for the kharif season amidst El Nino concerns. A high-level meeting chaired by the Principal Secretary to the Prime Minister discussed measures across various sectors, emphasising continuous monitoring and coordinated action to mitigate potential impacts on agriculture, water resources, and essential commodities.
The Indian government has dismissed concerns that the use of E20 fuel could affect the validity of vehicle insurance policies, stating that the ethanol blending programme remains safe, consumer-friendly, and economically beneficial.
ICICI Bank, India's second-largest private-sector lender, is set to raise approximately $500 million through an overseas dollar bond issuance, marking its first such move in nearly a decade. This fundraising effort will utilise the Reserve Bank of India's (RBI) concessional swap window, a facility designed to reduce hedging costs for foreign currency borrowings.
Reigning world champions India, Britain, South Africa and hosts United States are set to feature in the men's Twenty20 competition when cricket returns to the Olympics at the 2028 Games in Los Angeles following a qualification pathway approved by the International Olympic Committee (IOC).
Meta on Tuesday published a detailed blog outlining its efforts to combat child sexual abuse material across its apps, citing AI-powered detection, ad review systems and large-scale enforcement actions, days after the government issued a notice to the social media giant over reports of Instagram advertisements promoting such content.
The India Meteorological Department has issued a 'red' alert for Mumbai, Thane, and Raigad districts, forecasting heavy to very heavy rainfall and strong winds. Residents are advised to avoid unnecessary travel, and warnings include potential flash floods, structural damage, and disruptions to essential services. The Brihanmumbai Municipal Corporation has also urged caution and deployed officials to monitor the situation.
The Reserve Bank of India's Financial Stability Report indicates that the interim peace deal between the US and Iran has favourably shifted the balance of risks, reducing headwinds from the West Asia conflict. However, it cautions that exchange rate volatility could increase if crude oil prices spike due to delayed normalisation of supply chain disruptions.
Maharashtra Chief Minister Devendra Fadnavis has warned of a possible cloudburst-like spell in Nashik on Tuesday and stated that the state machinery is on high alert, with heavy rains expected to continue until July 8. Citizens are urged to avoid unnecessary travel as authorities manage landslides, swollen rivers, and rescue operations.
Jio Platforms Ltd, the digital services arm of Reliance Industries, has filed draft papers for an initial public offering (IPO) aiming to raise approximately USD 4 billion (about Rs 37,700 crore), which is expected to be India's largest ever IPO.
"With the leverage available, I believe the scheme remains reasonably attractive," said P D Singh, India and South Asia Chief Executive Officer, Standard Chartered Bank, regarding the Foreign Currency Non-Resident (Bank) or FCNR (B) deposits.
The National Stock Exchange (NSE) is set to launch India's largest initial public offering (IPO), estimated at Rs 30,000 crore. This mega public issue will surpass previous records held by Hyundai Motor India and Life Insurance Corporation of India (LIC), marking a significant event in the Indian stock market. The move comes as India's primary market shows signs of recovery after a period of slowdown.
Reliance Industries Ltd (RIL) is preparing for its next phase of growth by establishing advanced manufacturing and export platforms to strengthen its consumer products ecosystem and expand its global footprint, Chairman and MD Mukesh Ambani announced.
In the last decade, only two Women's World Cups (in 2020 and 2023) managed to generate profits.
Rajasthan Royals teenager Vaibhav Sooryavanshi was showered with praise by modern day cricket big hitters after his stunning 97 off 29 balls against Sunrisers Hyderabad in the IPL 2026 Eliminator.
Akasa Air, despite facing headwinds from the West Asia conflict and rising aviation turbine fuel prices, expects to maintain a 30-40 per cent growth trajectory over the next five years and aims for an initial public offering (IPO) within two to four years, according to CFO Ankur Goel.
Jio Platforms Ltd, the digital and telecommunications arm of Reliance Industries, has received board approval to file draft papers for an initial public offering (IPO) involving a fresh issue of up to 27 crore equity shares. The draft red herring prospectus (DRHP) is expected to be filed with SEBI today, marking a significant value-creation event for Reliance shareholders.
A 30-year-old man was found dead under suspicious circumstances in Beed district, Maharashtra. Police are investigating the death after discovering the body with suspicious marks on the neck near Limbaganesh-Anjanwati road.
England head coach Brendon McCullum expressed anger and concern over Ben Stokes's involvement in a nightclub incident, leading to his omission from the second Test against New Zealand. Stokes and Gus Atkinson breached the team's midnight curfew. This incident adds to a series of off-field issues for the England team, prompting McCullum to focus on Stokes's well-being while deferring decisions on his captaincy.
Most members of the Reserve Bank of India's Monetary Policy Committee (MPC) expressed concerns about inflation becoming generalised and highlighted uncertainties surrounding both inflation and growth prospects due to the West Asia conflict, according to the recently released minutes.
A 21-year-old woman in Beed, Maharashtra, allegedly committed suicide, leading to her husband, mother-in-law, and four others being booked for dowry harassment and abetment of suicide. The family reportedly demanded Rs 20 lakh dowry, with harassment continuing despite a partial payment.
Despite the Reserve Bank of India's (RBI) and the government's recent initiatives to attract foreign capital, which are expected to alleviate pressure on long-duration bonds, most debt fund managers are maintaining a cautious stance, favouring shorter-duration papers due to global uncertainties and potential future rate hikes.
The National Stock Exchange (NSE) is expected to file its preliminary IPO papers with Sebi next week, marking a significant step forward for the long-awaited public offering which has been delayed for nearly a decade due to regulatory issues.
TSI Racing, with Dean Mascarenhas and Gagan Karumbaiah, is set to debut in the FIA World Rally Championship's WRC3 class at Rally Islas Canarias, marking a return to the global stage for the Indian team.
Global brokerage Citi has reduced its Nifty 50 index target to 26,000 from 27,000, citing persistent geopolitical tensions, risks to corporate earnings growth, and concerns about India's role in the global artificial intelligence (AI) ecosystem.
Indian benchmark indices Sensex and Nifty experienced a significant slump, with the Sensex tumbling 719.08 points, driven by escalating West Asian tensions, a sharp rise in crude oil prices, and a global sell-off in technology stocks.
An Army jawan was killed in a road accident in the Beed district of Maharashtra when a car collided with his motorcycle. The jawan, identified as Sandipan Bangar, had recently joined the Army.
Former India cricketer Ravichandran Ashwin has said that teenage batting sensation Vaibhav Sooryavanshi should be encouraged to play Test cricket following his breakthrough IPL season.
The Reserve Bank of India (RBI) has kept its key lending rate, the repo rate, unchanged at 5.25 per cent for the second consecutive time, citing concerns over rising energy prices, supply disruptions from the West Asia crisis, and potential inflationary pressures.
Indian benchmark indices Sensex and Nifty experienced a significant slump in early trade, mirroring a sharp decline in global equities and a fresh spike in crude oil prices, exacerbated by simmering tensions in West Asia and a global unwinding of the AI-led rally. Track how sensex, Nifty fared on June 8.
India has strongly refuted claims by the United States Trade Representative (USTR) regarding excess capacity in its steel and textile sectors, arguing that the nation's significantly low per capita consumption of these products contradicts such assertions, according to Amitabh Kumar, Additional Secretary in the Ministry of Commerce.
Teen sensation Vaibhav Sooryavanshi's blistering 97 off 29 balls in Rajasthan Royals' IPL eliminator win over Sunrisers Hyderabad drew praise from Congress leader P Chidambaram and BCCI vice-president Rajeev Shukla
The Reserve Bank of India (RBI) announced that it processed 99.9 per cent of applications within the prescribed timeline under its Citizen's Charter in May 2026. The central bank handled 18,763 applications, showcasing efficient processing across various functions.
Glimpses of fans and well-wishers saying their last goodbyes to Asha Bhosle.
A Maharashtra State Electricity Distribution Company Limited (MSEDCL) technician was arrested for allegedly soliciting and accepting a bribe of Rs 1,000 from a farmer in Beed, Maharashtra.
Police in Maharashtra's Beed district have invoked the Maharashtra Prevention of Dangerous Activities (MPDA) Act against five history-sheeters to prevent them from committing more offences.
Indian benchmark indices, the BSE Sensex and NSE Nifty, snapped a four-day losing streak, with the Sensex climbing 382 points, primarily driven by a strong rally in IT sector shares. Major IT firms like TCS, Infosys, and HCL Tech saw significant gains, contributing to the market's recovery.
