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
Nifty gives up morning gains by midday; Bank Nifty outperforms as IT, metals drag
Markets retreated from their morning highs by midday on Wednesday, with the Nifty 50 slipping 4 points or 0.02 per cent to 24,048.05 as of 12.57 PM, after opening at…
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…
Market
Stripe, Advent offer to buy PayPal for $53 billion
Payments company Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the…
India, Baker Hughes explore strengthening cooperation on geothermal energy
Top officials from the Ministry of New & Renewable Energy (MNRE) including Secretary Santosh Sarangi met Graham Gillies, Vice President for Asia-Pacific at Baker Hughes, on Tuesday to strengthen cooperation…
HealthKois eyes biotech bets as new drug pipelines expand
Venture capital (VC) firm HealthKois is sharpening its focus on life sciences innovation as it evaluates investment opportunities for its $300-million third fund, amid a growing pipeline of Indian startups…
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…
Axis
