Market News
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SBI Funds IPO DRHP: India's Largest AMC, Rs 11,693 Crore OFS, SBI And Amundi Selling — All You Need To Know
SBI Funds Management manages mutual funds, portfolio management services, alternative investment funds and offshore funds under the SBI Mutual Fund brand.
MSME Minister Jitan Ram Manjhi reviews flagship schemes in Puducherry, stresses technology, credit, skills and market access
The Minister urged banks to facilitate greater access to institutional credit for MSMEs and called upon all stakeholders to ensure effective implementation of Government initiatives for the growth of the sector. On 8 July 2026, he visited the MSME Technology Centre, Puducherry and reviewed the Centre's training and production facilities. The Minister interacted with trainees undergoing technology-driven skill development programmes and inspected products manufactured using advanced machinery. He emphasised that equipping youth with modern technology-driven skills and making them self-reliant and employment-ready is a key priority of the Ministry. He noted that MSME Technology Centres are playing a vital role in developing a skilled workforce, strengthening the manufacturing ecosystem and supporting the vision of Atmanirbhar Bharat and Viksit Bharat.
AI could become growth driver for Indian IT in 6-12 months: Wedbush
Moshe Katri, Managing Director-FinTech & Tech-Enabled Services Investment Banking at Wedbush Securities discusses why TCS' April-June quarter of 2026 (Q1FY27) was better than feared, why concerns over Microsoft, Amazon and OpenAI are overblown, and why artificial intelligence (AI) could follow the same growth path as cloud and digital transformation.
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.
TCS, Infosys crash up to 55%: Why India's largest mutual fund scheme is still buying
India's largest mutual fund scheme is buying more shares of TCS and Infosys. This buying occurs even as these IT stocks experience significant market value losses. The fund manager's conviction rests on current cash flows rather than future AI narratives. While AI disruption pressures revenue, it also creates new technology spending opportunities. The sector is no longer considered expensive, but earnings visibility remains a concern.
Stocks to Watch for July 7: Titan, Trent, Cochin Shipyard and more
From Titan reporting a 41% year-on-year growth in its consumer businesses for Q1 FY27 to Tata Motors Passenger Vehicles reporting higher production and domestic sales during the April-June 2026 quarter, here are some stocks to track ahead of Tuesday trading session.
Suzuki Motor arm Next Bharat Ventures launches ₹2,000 crore second impact fund to back rural entrepreneurs
Next Bharat Venture’s second fund will focus on agriculture, financial inclusion, healthcare, and AI for social good among others.
India's banks are handing out more loans, but deposits aren't keeping up
Indian banks witnessed a surge in lending during the April-June quarter, outpacing deposit growth and widening the funding gap. This trend, driven by robust demand from corporate and retail sectors, has pushed the loan-to-deposit ratio to a decade-high, raising concerns about funding sustainability. While some lenders saw deposits decline, others maintained a balance, reflecting varied strategies amidst intense competition.
FMCG companies ride the heatwave to make cool gains
Intense heatwaves fueled double-digit sales growth for FMCG, white goods, and retailers in the April-June quarter. Companies reported improved operating profits, aided by price hikes, despite rising input costs. While optimistic about consumption, firms are closely watching inflationary trends and El Nino's potential monsoon impact. Summer products saw a significant boost, though some categories faced challenges.
Trust MF CIO sees revival in corporate cycle, stays bullish on mid and smallcaps
Mihir Vora, Chief Investment Officer at Trust Mutual Fund, remains bullish on renewable energy, with a preference for solar, and is betting on transmission and distribution companies as well as commercial clean energy suppliers catering to sectors such as data centres.
Stocks to Watch for June 17: Tata Motors PV, DOMS Industries, Wipro, GIC Re and more
Tata Motors eyes FY27 PV growth as JLR prepares for Investor Day. Wipro opens an Anthropic Claude AI centre, Bharat Forge unveils Simha 4x4, FILA plans to cut DOMS stake, and GIC Re OFS is oversubscribed. Here are few stocks to watch ahead of Wednesday’s session.
GNG Electronics share price jumps nearly 9% after ₹175 crore block deal; Motilal Oswal, Goldman Sachs pick up stake
GNG Electronics shares rose nearly 9% after a ₹175 crore block deal involving multiple mutual funds and foreign investors. The company saw notable growth, with a 55% rise in six months, backed by its strong refurbishment capabilities and positive market outlook from Motilal Oswal.