Banking And Finance
No large-cap fund reached Sharpe ratio of 1; several mid and small caps delivered stronger risk-adjusted returns
After analysing large-cap funds on Value Research, none was found to have touched a Sharpe ratio of 1. The Sharpe ratio measures how efficiently a mutual fund has generated returns…
Income Tax: Can a third-party document alone lead to a tax demand? ITAT says no
The Delhi bench of the Appellate Tribunal (ITAT) has ruled that the Income Tax Department cannot make additions for alleged undisclosed income merely on the basis of a loose sheet…
Can GST officers issue a fraud notice without proof? Madras HC explains
The Madras High Court has ruled that GST officers need not conclusively establish fraud before issuing a notice under Section 74 of the CGST Act. The judgment clarifies the legal…
AI and robots can replace coders, but not nurses, labourers or teachers: Report finds jobs costliest to automate
Despite rapid advances in and robotics, many physical and care-based jobs remain far too expensive to automate. A June 2026 report by Planera found that replacing workers in professions such…
Market
Laser Power IPO listing tomorrow: Here’s what GMP hints ahead of debut
Laser Power IPO listing: Shares of Laser Power & Infra are slated to list in the Indian stock market tomorrow (Thursday, 16 July). Laser Power & Infra allotment was finalised…
Fineotex Chemicals to SG Finserve: Ashish Kacholia trims stakes in 4 stocks in Q1FY27. Do you own any of them?
Ashish Kacholia Q1 portfolio: Ace investor , widely regarded as one of India’s most successful pickers, pared his holdings in four listed companies during the June quarter (Q1FY27), according to…
Patanjali Foods share price crashes 20%, extends losses for third straight session; What should investors do?
Patanjali Foods share price crashed nearly 20% on Wednesday, extending its losses for the third consecutive trading session, weighed down by heavy selling. The Baba Ramdev promoted company’s stock declined…
Groww Q1 results: Net profit jumps 94% to ₹735 crore, revenue grows 66% YoY
Groww Q1 results 2026: Billionbrains Garage Ventures, the parent company of , announced its financial results for the quarter ending on June 30, 2026, on Wednesday, 15 July. The company…
Market
Rupee at 96, soaring lithium and copper prices cloud auto industry’s festival season outlook
India’s automobile makers are entering the festival season with robust demand, but their biggest challenge is no longer selling more vehicles; it is protecting profits. A record-low ₹96.18 per dollar…
Passenger vehicle dispatches rise 24.1% at 3,88,144 units in June: SIAM
Domestic passenger vehicle dispatches from companies to dealers rose 24.1 per cent year-on-year to 3,88,144 units in June this year, industry body SIAM said on Wednesday. Passenger vehicle dispatches stood…
Sun Pharma gets go-ahead to sell generic semaglutide in South Africa
Drugmaker Sun Pharmaceutical Industries has received the green signal from the South African Health Products Regulatory Authority (SAHPRA) to manufacture and market a generic version of semaglutide injection in South…
Anupam Rasayan signs $300 mn LOI with Spain’s BasqueVolt for battery chemical supply
Anupam Rasayan India Ltd said on Wednesday it has signed a non-binding Letter of Intent (LOI) with Spanish solid-state battery developer BasqueVolt SA to explore supplying a specialty chemical product…
Axis
