Market News
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Groww faces technical glitch, client withdrawals hit
Groww experienced a temporary disruption affecting client fund withdrawals on Friday. This incident was attributed to an issue with its cloud service provider, Google Cloud Platform. Some users also reported difficulties depositing money into their accounts. The brokerage stated the problem was promptly resolved before market closing. Customers could then access their funds after the disruption ended.
Trai pushes back on spam tag for 1600, 140 numbers
Trai clarified that tagging and blocking calls from 1600 and 140 series numbers is not allowed. Subscribers can manage promotional calls from registered telemarketers using the Do Not Disturb registry. The 1600 series numbers are designated for service and transactional calls by financial sector entities. This clarification follows Truecaller's statement about not marking such calls as spam. Spam calls from these number series have reportedly surged significantly.
Union Minister for Textiles eviews Transformation of Powerloom Centres into Integrated Textile and Apparel Development Hubs
The Minister reviewed the transformation of the erstwhile Powerloom Service Centres into Integrated Textile and Apparel Development Centres (ITADCs), which are being repositioned as integrated growth hubs for the textile sector. The revamped ITADCs are envisioned as one-stop facilitation centres providing skill development, testing, design support, technology adoption, entrepreneurship development, credit facilitation, export promotion and market linkages to textile entrepreneurs, MSMEs and other stakeholders across the textile value chain.
Stocks in news: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth
Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise.
Groww says direct mutual funds remain core offering amid confusion over MF Prime
The investment platform clarified that its new MF Prime service is an optional offering for investors seeking research-backed guidance and does not replace its zero-commission direct mutual fund platform.
Maruti Suzuki to add around 500 service points this fiscal: MD & CEO Hisashi Takeuchi
The company, which opened its 6,000th service touchpoint in India on Thursday, had opened a record 502 service touchpoints in 2025-26 and served over 2.84 crore vehicles, the highest in a single financial year.
India's food services market to reach $50 billion by FY31, online share to rise to 18%: Report
India's food services market is set to reach USD 150 billion by FY31. Online food delivery will capture an increasing market share, rising to eighteen percent. Rising consumer spending and convenience fuel this market's expansion. Organized food service brands are expected to grow faster than the unorganized sector. Snacks, desserts, and beverages present attractive growth opportunities for companies.
India eats 4 lakh rotis on trains as Swiggy's rail food orders triple in Q1FY27
Swiggy's rail food delivery saw threefold growth in the last quarter. Indian train travelers ordered over four lakh rotis during the summer months. Multi-station orders surged more than 300 percent year-on-year, indicating increased passenger engagement. This service is also attracting first-time users in smaller towns and cities. Popular food items included roti, masala dosa, and various summer beverages.
'Treat EVs like gadgets': Tata Electric Mobility CCO Vivek Srivatsa on resale fears, Sierra EV, price parity with ICE and why Gen Z is the next big bet
In an exclusive interview with ET, Vivek Srivatsa, Chief Commercial Officer of Tata Passenger Electric Mobility, speaks about the Sierra EV's target audience, the resale value challenge, Battery-as-a-Service, Gen Zs as the next wave of buyers, and Tata's road to closing the price gap between EVs and their petrol equivalents.
DERC tweaks regulation for EV charging infra expansion in Delhi, utilisation of PM E-DRIVE subsidy
Under the existing Delhi Electricity Regulatory Commission (Supply Code and Performance Standards) Regulations, demand notes for low-tension electricity connections of up to 200 kW included only service line and development charges, security deposit and road restoration charges, they said.
BLS E-Services acquires Atyati Technologies for Rs 157 crore
BLS E-Services has acquired Bengaluru-based Atyati Technologies for approximately Rs 157 crore in an all-cash deal. This strategic move aims to bolster BLS E-Services' reach and impact in underserved communities by integrating Atyati's AI-powered banking solutions and extensive network of customer service points. The acquisition is anticipated to drive significant synergies, including network expansion and cost efficiencies, contributing to long-term growth.
Tricked Into Buying Insurance Or Mutual Funds? RBI's New Rules Could Help You Get A Full Refund
Banks must obtain clear and informed consent before selling any financial product or service.