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Japan stocks recover as bargain buying returns
On the domestic front, data showed Japan's retail sales rose 5.3% in May, marking the fastest growth since November 2023. The increase was largely driven by a government stimulus package that supported consumer spending.
CSM Technologies IPO ends today; retail, NII lead demand; GMP holds at 3.5%
CSM Technologies IPO Day 3 update: Check latest subscription status, GMP, allotment date, listing date, and other key deatils here
SBI Securities prefers HDFC Bank, sees long-term upside in metals
Sunny Agarwal, Head Fundamental Research, Retail Desk at SBI Securities, remains positive on private banks, preferring HDFC Bank over Kotak Mahindra Bank after the lender received a clean legal review. He says Persistent Systems' acquisition benefits may take up to eight quarters to materialise, while slower growth remains a near-term concern. Agarwal is also bullish on the metals sector, with Indian Metals & Ferro Alloys as his top pick, and remains positive on Astral over the long term despite near-term challenges.
Tamil Nadu Establishes Duty-Free Retail Shop At Nagapattinam International Port Amid India-Sri Lanka Ferry Traffic Rise
The setting up and operations of these retail facilities will be outsourced to a private player.
NSE, Jio IPOs have retail investors excited. But are big listings worth the hype? - India Today
NSE, Jio IPOs have retail investors excited. But are big listings worth the hype?India Today
PNB to focus on Retail, Agriculture, MSME advances, CASA deposits to boost profitability: MD Ashok Chandra
Punjab National Bank is set to prioritize retail, agriculture, and MSME lending, alongside boosting low-cost deposits to fuel growth. MD and CEO Ashok Chandra highlighted the bank's strong financial position and commitment to digital expansion and customer service. PNB aims to contribute to India's 'Viksit Bharat' vision by 2047, integrating ESG principles for responsible and sustainable development.
Turtlemint Fintech IPO listing date on 29 June: Here’s what GMP hints ahead of debut
Turtlemint Fintech IPO listing is scheduled on 29 June, after a subscription period from 19 to 23 June. The IPO received strong demand, particularly from retail investors. The share price is fixed between ₹144-152, with a total offering value of up to ₹660.72 crore.
Up to 42% upside! 9 stocks Jefferies, Motilal Oswal, others started coverage on. Do you own any?
Brokerages have initiated fresh coverage on several Indian stocks across metals, textiles, engineering and luxury retail, with mostly Buy ratings and double-digit upside targets. Firms like Meesho, Vedanta Aluminium, GE Vernova T&D and Welspun Living are seen as key beneficiaries of sectoral growth and structural demand trends.
Amazon will look at acquisitions, continue to work with govt on expanding AI capabilities: Andy Jassy, CEO
Amazon is significantly boosting its India investment, committing an additional $48 billion by 2030, bringing the total to nearly $90 billion. CEO Andy Jassy highlighted opportunities in AI, cloud computing, and quick commerce, emphasizing India's crucial role in Amazon's global strategy. The company sees substantial growth potential as retail and IT sectors increasingly shift online and to the cloud, despite operating under India's marketplace model.
Centre Raises Rs 2,100 Crore From Share Sale Of IRFC
The OFS for IRFC closed with an enthusiastic response from the retail investors.
Amazon CEO Andy Jassy meets Indian startup founders to map out the next wave of AI
The retail and cloud giant is looking to anchor India's AI infrastructure while scaling its quick-commerce blitz to 300 cities to counter local competition.
Govt mobilises nearly ₹2,100 cr via share sale of state-owned IRFC
The government on Thursday said it has raised around Rs 2,100 crore from the share sale of state-owned Indian Railway Finance Corporation (IRFC). The OFS for IRFC closed with an enthusiastic response from the retail investors, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X. "Combined with the institutional investors, 22.88 crore shares were sold to the minority shareholders over the two trading days for an estimated amount of Rs 2,084 crore. We thank all investors for their participation and for reposing their faith in us," he said. The government decided to exercise the green shoe option on Wednesday, allowing 2 per cent stake dilution in the public sector undertaking (PSU) of the Railway Ministry. The Department had fixed a floor price of Rs 91 per share, at a discount of 7.8 per cent over Tuesday's closing price of IRFC shares on the BSE. Shares of IRFC closed 0.8 per cent lower at Rs 91.78 on the BSE on Thursday. Prio