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Q1 Results Live Updates: Elecon Engineering Profit Falls 60%; L&T Finance, Justdial In Focus
Big names that are set to declare results on July 10 include L&T Finance Ltd., Bank of Maharashtra, Elecon Engineering Company Ltd., Indian Bank and Just Dial.
Aegis Logistics Ltd leads losers in 'A' group
South Indian Bank Ltd, Goldiam International Ltd, Texmaco Rail & Engineering Ltd and L&T Finance Ltd are among the other losers in the BSE's 'A' group today, 08 July 2026.
Stock To Watch Today: Tata Capital, Dilip Buildcon, Cochin Shipyard, Indian Overseas Bank, Heritage Foods
Knack Packaging will also be in focus as its shares make their debut on the exchanges.
TPG acquires Aseem Infrastructure from NIIF with GIC, ICICI backing
Global private equity firm TPG is acquiring a full stake in Aseem Infrastructure Finance, a leading sustainable infrastructure debt financier. Partnering with Singapore's GIC and ICICI Bank, TPG's climate investing platform will take over the company, which has funded significant renewable energy and power transmission projects. Aseem Infrastructure, founded by NIIF, has disbursed over Rs 40,000 crore in loans, contributing to substantial greenhouse gas emission reductions.
TPG, GIC and ICICI Bank acquire Aseem Infrastructure Finance for ₹5,000 crore
Aseem is a leading sustainable infrastructure debt financier with a core focus on renewable energy, power transmission and other infrastructure assets in India. It was established in 2020 by the National Investment and Infrastructure Fund, India’s sovereign-anchored alternative asset manager.
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Shriram Finance, Piramal Pharma shares on 6 July
Indian benchmark indices, Sensex and Nifty 50, opened higher on July 6, driven by gains in private banking stocks following strong quarterly updates from HDFC Bank and Axis Bank. Market breadth was positive with 14 of the 16 major indices in the green.
PFC-REC merger: Which stock should you buy before the mega demerger creates Rs 11 lakh cr power financing giant
Power Finance Corporation (PFC) and REC's boards have approved a merger, creating India's largest power financing institution with a Rs 11 lakh crore loan book. The combined entity is poised to capitalize on the ongoing power sector capital expenditure cycle, including renewable energy and transmission projects. Analysts suggest the merger offers strategic advantages and improved capital allocation, positioning the new giant for significant growth.
Genus Power shares fall 10% after ₹268 crore block deal; Sources say GIC likely seller
Chiswick Investment or GIC has a 15.11% stake in Genus Power at the end of the March quarter, while close to 1.6 lakh small retail shareholders, or those with authorised share capital of up to ₹2 lakh, have a 16% stake in the company.
Stocks to watch: HDFC Bank, Torrent Power, IIFL Finance among shares in focus today; check list here
Stock market today: On Thursday, the Sensex advanced 109.25 points, or 0.14%, to close at 77,100.47, while the Nifty 50 gained 34.35 points, or 0.14%, to settle at 24,056.00
SBI's improving performance warrants better valuation, chairman Setty says: Report
State Bank of India's chairman believes the bank is undervalued, citing improvements in financial strength, customer base, and earnings. He highlighted the success of the Yono digital platform, strengthened capital position, and the significant growth in value from its subsidiaries. SBI is also focusing on technology adoption, including AI, and sees opportunities in power, MSME, and retail lending, positioning itself for future growth despite evolving funding landscapes.
SBI, Axis Bank among lenders set for $2 billion ECB fundraising via RBI swap
Major Indian banks, including SBI, Axis Bank, and Bank of Baroda, alongside Power Finance Corporation, are set to raise over $2 billion from overseas markets next week. This move capitalizes on the Reserve Bank of India's 1.5% fixed-rate swap incentive for external commercial borrowings, aimed at bolstering the rupee. HDFC Bank's recent successful dollar bond sale has spurred this wave of fundraising.
SBI, Axis Bank among lenders set for $2 billion ECB fundraising via RBI swap
Major Indian banks, including SBI, Axis Bank, and Bank of Baroda, alongside Power Finance Corporation, are set to raise over $2 billion from overseas markets next week. This move capitalizes on the Reserve Bank of India's 1.5% fixed-rate swap incentive for external commercial borrowings, aimed at bolstering the rupee. HDFC Bank's recent successful dollar bond sale has spurred this wave of fundraising.