Banking And Finance
Indian Bank drops capital raising plan on lower ECL hit
Kolkata: has dropped a proposed share sale to raise up to Rs 5000 crore, planned to absorb the expected credit loss (ECL) impact, managing director Binod Kumar said. This followed…
Why a same-sex couple is challenging the income tax law that exempts gifts only between spouses? Explained
A same-sex couple has challenged a provision of the income tax law that exempts gifts exchanged between spouses from taxation but excludes LGBTQ+ couples from the benefit as their marriages…
EPS 2026: New withdrawal rules and 20-day claim settlement explained
India’s statutory pension system is set for a major overhaul with the introduction of the Employees’ Pension Scheme (EPS), 2026. Notified under the Code on Social Security, 2020, the new…
Bank credit growth at two-year high at 18.6% as debt market turns costlier
Kolkata: Bank credit expanded the fastest in two years in the fortnight to June 30, rising 18.6% year-on-year despite the , while the print recorded at 13.3%, data released by…
Market
Gold, silver prices today: Comex extends weekly losses amid renewed Middle East tensions
Following strong gains in the previous session, precious metals turned volatile in Friday’s trade (10 July), swinging between gains and losses before trading mostly lower and remaining on track to…
Fino Payments Bank June update: Deposits rise 11%, loan referrals surge 3.5x
announced its business update for June 2026 today, after-market hours, reporting steady growth in deposits and strong traction in its loan referral business. Average total deposits increased 11% year-on-year to…
SK Hynix’s shares surge 14% in blockbuster US market debut amid AI frenzy
SK Hynix’s U.S.-listed shares jumped 14% in their Nasdaq debut following its $26.5 billion share sale, in a sign of resilient investor enthusiasm for semiconductor stocks that have recently pulled…
Contracting platform Zetwerk receives SEBI nod for IPO
The Securities and Exchange Board of India (SEBI), on Friday, approved an initial public offering (IPO) proposal for Zetwerk Manufacturing Business Ltd, a B2B managed contract manufacturing platform. The IPO…
Market
Apple sues OpenAI, alleges ChatGPT maker stole trade secrets to build AI hardware
Apple has filed a lawsuit against OpenAI, accusing the ChatGPT maker of stealing trade secrets to support its efforts to develop AI hardware, marking a major escalation in tensions between…
GOPIZZA enters Kerala, plans 500 outlets ahead of 2029-30 IPO
GOPIZZA India is accelerating its multi-brand expansion strategy, targeting 500 outlets over the next three years across its brands—GoPizza, Gochujang and Dalcomi—while earmarking an additional ₹50 crore to scale its…
Greaves Cotton to invest up to ₹331 cr in Greaves Electric mobility
Greaves Cotton Limited announced Friday that its board of directors has approved a plan to fully subscribe to its entitlement in the upcoming rights issue of its subsidiary, Greaves Electric…
Exide Industries to invest ₹1,400 crore in FY27 for lithium-ion cell plant in Bengaluru
Storage battery major Exide Industries said on Friday that it is planning to invest around ₹1,400 crore this fiscal for the first phase of the multi giga watt hour (GWh)…
Axis
