Market News

S K Sinha takes over as Director (Finance) of GAIL

GAIL (India) has appointed S K Sinha as its new Director (Finance), stepping into the role after a distinguished career spanning over three decades with the state-owned gas utility. Sinha, a seasoned Cost and Management Accountant, brings extensive experience in corporate finance, treasury, and investor relations. His appointment follows the retirement of R K Jain, marking a significant transition for the company's financial leadership.

BSE 500 stocks: Adani Ports, Marico, Ather, Piramal Finance hit new highs

Adani Enterprises, Aurobindo Pharma, GMR Airports, Gujarat Flurochemicals, Oracle Financial Services and Star Health Insurance from BSE 500 stocks registered 52-week highs on Wednesday.

Bajaj Finance Ltd spurts 1.45%

Bajaj Finance Ltd is quoting at Rs 1019.3, up 1.45% on the day as on 12:49 IST on the NSE. The stock is up 10.43% in last one year as compared to a 5.61% drop in NIFTY and a 0.34% drop in the Nifty Financial Services index.

Property management platform Crib acquires rent financing company CirclePe

Crib, a property management platform for co-living spaces, has acquired rent financing company CirclePe. This strategic move integrates embedded finance into the rental process, eliminating security deposits for tenants and providing operators with advance rent payments. CirclePe, founded by Navan Jaiswal and Ankur Yadav, previously secured significant pre-seed funding. The acquisition aims to streamline rental transactions and boost working capital for operators.

TVS Motor, Dixon Tech In, Reliance, M&M Out: Which Stocks Made It Into Macquarie's New India Portfolio?

The biggest changes came in the brokerage's tactical portfolio, where it introduced Axis Bank, Hyundai Motor India and Dixon Technologies, while removing Shriram Finance, Reliance Industries and Coal India.

Bajaj Finance Share Price Live Updates: Bajaj Finance's Strong Weekly Performance

Jana Holdings to pare Jana Bank stake to repay its bond holders

Jana Holdings plans to reduce its stake in Jana Small Finance Bank to below 10% from 17% to meet bondholder payment obligations, including to TPG Asia. This move will also see the holding company relinquish its 'promoter' status. The company recently received debt restructuring approvals, extending payment deadlines to December 2026, with bondholders like TPG Asia acknowledging the planned equity sale strategy.

Coral India Finance promoter declares no encumbrance on shares - scanx.trade

Coral India Finance promoter declares no encumbrance on sharesscanx.trade

India Semiconductor Mission 2.0 gets EFC nod with ₹1.2 lakh crore outlay

India's semiconductor ambitions are set for a major boost with the Expenditure Finance Committee approving nearly ₹1.20 lakh crore for the second phase of the government's chip programme. This significantly enhanced allocation aims to deepen domestic manufacturing, reduce import reliance, and expand support across the entire semiconductor ecosystem, including design and upstream capabilities.

Jana Holdings faces likely default rating after delay in debt repayment: Sources

The holding company of Jana Small Finance Bank has delayed repayment of its debentures and is expected to be downgraded to a default rating, although the bank itself is unlikely to face any direct financial impact, sources said.

BoB, Mizuho Bank forge partnership to enhance collaboration in M&A financing

Bank of Baroda has joined forces with Japan's Mizuho Bank to boost their capabilities in mergers and acquisitions financing. This collaboration leverages Mizuho's global reach and structured finance expertise with BoB's strong Indian market presence and corporate ties. The partnership aims to enhance joint origination, structuring, and syndication of acquisition financing, alongside M&A advisory and risk distribution, promising a significant boost for cross-border deals.

Market Pulse: Key triggers to watch before the July 1 trading session

US markets were largely steady in intraday trade, with the Dow Jones Industrial Average moving little as oil prices held above $70 per barrel. However, Iran’s Foreign Ministry said there are no plans for talks with the United States at any level in the coming days. Coming to India, the fiscal deficit widened to ₹1.62 lakh crore during April–May FY27, compared with ₹13,200 crore a year earlier. The Finance Ministry said inflation is expected to remain contained in the coming months due to easing global commodity prices and moderating imported inflation.