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Listen to this article in summarized format The bank posted its highest quarterly revenue in a decade, with net income jumping 45% to $5.8 billion, or $3.15 per share, comfortably ahead of analysts' estimates of $2.74 per share, according to LSEG data. Revenue rose 14% year-on-ye

Domestic brokerage firm Axis has pegged the Nifty target for December 2026 at 27,220, an upside of 13% from current levels. It says the Indian economy remains well-positioned for sustained growth, acting as a relative safe haven amid global economic volatility. Here are 9 largeca

Listen to this article in summarized format An analysis of 13 large IPOs shows that eight are trading above their adjusted issue prices, while five remain in the red as of July 13. The median return for the group is just over 2%, showing that the gains have been concentrated in a

Stock market today: The Indian stock market witnessed healthy broad-based buying in intraday trade on Wednesday, July 15, with benchmark indices Sensex and Nifty 50 rising more than 0.5%, while the mid- and small-cap indices gained up to 1%, despite escalating US-Iran tensions an

Kusumgar IPO Listing: Kusumgar share price made a muted debut in the Indian stock market today, July 15, as it got listed at ₹569 apiece on NSE, a premium of 35.80% over its initial public offering (IPO) price of ₹419. Meanwhile, on BSE, it debut at ₹574, a rally of 37% from issu

Only those shareholders who hold Fredun Pharmaceuticals shares in their demat accounts as of Thursday will be eligible to receive the bonus shares. As per Sebi's T+1 settlement cycle, investors must buy the company's shares at least one trading day before the record date for them

Belrise Industries share price gained nearly 3% in early trade on Wednesday after the company announced the launch of its Qualified Institutional Placement (QIP) to raise up to ₹1,200 crore. Belrise Industries shares rose as much as 2.94% to ₹239.15 apiece on the BSE. The QIP Com

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Listen to this article in summarized format The company reported a 20% increase in net profit to Rs 160 crore in the first quarter of FY27 and a 9% growth in revenue to Rs 3,129 crore. The company said 5% year-on-year volume growth reflects resilient execution despite a challengi

The rally extended across the sector, with Samsung Electronics climbing nearly 8% and chip equipment maker Hanmi Semiconductor advancing about 25% in early trade. The gains followed a strong overnight performance on Wall Street, where the S&P 500 and Nasdaq closed higher after co

Indian Gas Exchange (IGX) has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), paving the way for its proposed initial public offering (IPO). The IGX IPO will be an offer for sale (OFS) only, with parent Indian Energy Exchange

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Listen to this article in summarized format Excluding international funds, 101 out of 310 equity schemes with five-year track records generated absolute returns of at least 100%. That means nearly one in three funds doubled investors' money during the period. Best performing mutu

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The comments from Federal Reserve Chair Kevin Warsh and Chicago Fed President Austan Goolsbee indicate that while the case for a near-term interest rate hike has weakened, policymakers are not yet ready to conclude that inflation risks have faded. Speaking during testimony before

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Listen to this article in summarized format Sensex gained around 540 points to 77,592 while Nifty 50 rose 150 points to 24,202, as seen at 9.35 am on Wednesday. The came as volatility measure India VIX dropped over 3% to 13.31. Asian Paints, Bajaj Finance, Axis Bank, Bharti Airte

The company's profit before tax (PBT) stood at Rs. 232.5 crore during the quarter, up 18.4% from a year ago, with a PBT margin of 21.9%. Operating performance also remained strong, with EBITDA rising 15.7% year-on-year to Rs. 216 crore. The company reported an EBITDA margin of 21

IT stocks today: Shares of Indian information technology (IT) companies, including Infosys, Tata Consultancy Services (TCS), Wipro, HCLTech, Persistent Systems, Coforge and others, declined on Wednesday, July 15, after their US-listed peer IBM suffered its biggest single-day fall

In the domestic market, MCX silver futures for September 2026 delivery were down Rs 2,125 to Rs 2,21,064 per kg. Gold futures for August 2026 delivery declined by Rs 1,517 to Rs 1,40,740 per 10 grams. In the previous session, gold and silver closed higher on the back of softer-th

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Keep me signed in Some subscribers prefer to save their log-in information so they do not have to enter their User ID and Password each time they visit the site. To activate this function, check the 'Keep me signed in' box in the log-in section. This will save the password on th

Keep me signed in Some subscribers prefer to save their log-in information so they do not have to enter their User ID and Password each time they visit the site. To activate this function, check the 'Keep me signed in' box in the log-in section. This will save the password on th

Keep me signed in Some subscribers prefer to save their log-in information so they do not have to enter their User ID and Password each time they visit the site. To activate this function, check the 'Keep me signed in' box in the log-in section. This will save the password on th

Keep me signed in Some subscribers prefer to save their log-in information so they do not have to enter their User ID and Password each time they visit the site. To activate this function, check the 'Keep me signed in' box in the log-in section. This will save the password on th

Keep me signed in Some subscribers prefer to save their log-in information so they do not have to enter their User ID and Password each time they visit the site. To activate this function, check the 'Keep me signed in' box in the log-in section. This will save the password on th

On the first day of bidding, the IPO was subscribed 28% against the 1.20 crore equity shares on offer. The Retail Individual Investors (RII) portion saw 25% subscription, with bids received for the 84.16 lakh shares reserved for the category. The three-day public issue will remai

Listen to this article in summarized format The shares sharply surged to Rs 3,487.60 apiece on Wednesday after the company released its results in the post-market hours of Tuesday. Revenue from operations meanwhile rose around 11.5% YoY to Rs 2,940.1 crore during Q1 FY27 from Rs

The Indian rupee opened 3 paise higher at 96.17 against the US dollar on Wednesday, 15 July, supported by softer-than-expected US inflation data, easing concerns about an imminent Federal Reserve rate hike, although gains were capped by elevated crude oil prices. The domestic cur

IEX, which currently owns 47.3% of IGX, will sell up to 16.7 million shares in the offering, reducing its stake to 25% -the regulatory ceiling on ownership of a gas exchange by any shareholder that isn't itself a member of the exchange. IGX shares are expected to list on the BSE,

Gold and silver prices declined in the domestic futures market on Wednesday (15 July) morning despite a surprise slowdown in US inflation which dimmed the prospects of aggressive rate hikes by the US Federal Reserve this year and eased the US dollar. MCX gold August futures were

Hisabkitab, an AI powered and cloud native accounting platform for small and medium businesses, has raised an undisclosed amount in a seed funding round from a group of angel investors and high net worth individuals (HNIs) at a valuation of Rs 20 crore. The proceeds will be used

Listen to this article in summarized format The Edelweiss Mutual Fund chief has 17% of her own portfolio invested abroad and would prefer to raise it to 20%. For most Indians, however, she recommends a 10-15% global allocation but only after building the portfolio’s basic “dal-ch

Listen to this article in summarized format As wealth creation accelerates beyond the metros, client expectations are also evolving, driven by technology, AI-powered insights and demand for personalised financial advice. In an interaction with Kshitij Anand of ETMarkets, Sandeep

On July 14, the closing prices of four Nifty500 stocks dropped more than 2% relative to the VWAP (Volume Weighted Average Price). A shift below the VWAP suggests a potential bearish trend, according to stockedge.com's technical scan data. When the closing price falls below the VW

Listen to this article in summarized format The positive sentiment spilled over to South Korea's semiconductor sector. Samsung Electronics jumped 8%, while SK Hynix rallied more than 13% and chip equipment maker Hanmi Semiconductor surged about 25%. SK Hynix's newly listed ADRs c

Listen to this article in summarized format The Grey Market Premium (GMP) hovered around 15–16%, suggesting a potential listing price of nearly Rs 662 per share, if current trends hold. The public issue will remain open for subscription until July 16. SBI Funds Management has set

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SBI Funds Management's ₹9,795-crore IPO opened for public subscription on 14 July and will remain open until 16 July. The IPO is priced between ₹545 and ₹574 per equity share, with investors required to apply for a minimum of 26 shares and in multiples thereof. Ahead of the issue