Although collections remained above Rs 1.8 lakh crore for a seventh consecutive month, they were lower than the Rs 2.1 lakh crore average achieved in the first quarter of FY26 GST collections for July GST collections rose to Rs 1.96 lakh crore in July, recording a faster 7.5 percent increase from the year-ago period, according…
The company plans to raise Rs 2,150 crore (around $250 million) through a fresh issue of shares as part of the offering, Moneycontrol earlier reported. Lenskart is likely to skip the confidential filing route offered by SEBI and instead proceed with a standard DRHP filing Omnichannel eyewear brand Lenskart has filed its draft red herring…
The partnership is part of OpenAI’s Stargate initiative, an ambitious $500 billion plan to build out 10 gigawatts of AI infrastructure across the US over the next four years. Oracle and OpenAI have signed a mammoth deal, which potentially amounts to OpenAI paying $30 billion annually to Oracle for its data centre services. OpenAI…
The above weekly options data suggests that the Nifty 50 may trade in the 25,300–25,600 range in the near term, while the broader trading range remains at 25,000–26,000. Nifty Outlook The Nifty 50 remained lacklustre throughout the session and closed flat on July 7, as market participants awaited the US-India trade deal and maintained caution…
RBI has barred banks and NBFCs from levying pre-payment penalties on floating rate loans to individuals and MSEs for business use, effective January 1, 2026. Mumbai, Jul 2 (PTI): The Reserve Bank of India (RBI) on Wednesday instructed banks and other financial institutions not to levy any pre-payment charges on all floating rate loans and…
Margins of Indian steel makers had been under risk earlier this year when Chinese steel companies dumped cheap steel in the domestic market amid higher tariffs on China Stocks of steel companies surged in July 2 session with Tata Steel, JSW Steel, Jindal Steel and Steel Authority of India rising up to 3.6%. Nifty Metal…
Touted as a game-changer for long-haul travel, the Dreamliner’s legacy has increasingly been overshadowed by a trail of technical flaws, manufacturing lapses, and mounting safety fears. Michael Gordon Whitaker is an American lawyer who served as the 19th administrator of the Federal Aviation Administration (FAA) from 2023 to 2025. In picture: Whitaker testifies before the…
Top gainers: Top gainers on Sensex were Kotak Bank, Bajaj Finance, Axis Bank, IndusInd Bank, PowerGrid, Maruti and Bajaj Finserv shares, rising up to 3.19%. Benchmark indices Sensex and Nifty closed higher for fourth straight session as rate sensitive shares extended gains triggered by 50 bps repo rate cut last week. Nifty closed at…
– Nippon India, DSP, and SAMCO introduce new fund offers – Funds aim for tax-efficient returns and exposure to resilient sectors – Investors targeted include those seeking alternatives to traditional investments Baroda BNP Paribas Large & Mid Cap Fund has allocated a significant portion of its portfolio to sectors such as Financial, Services, Technology,…
Analysts said the Nifty continues to trade within a narrow band and a decisive move beyond the 24,700–24,800 zone is likely to set the tone for the next directional move. Sensex, Nifty closed lower in a range-bound trade on Friday. The equity benchmarks ended lower on Friday in a range-bound trade, weighed down by losses…