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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
RBI proposes to further enhance money market participation, liquidity
The Reserve Bank of India is proposing new guidelines to boost participation and liquidity in the term money market, allowing entities to set their own lending limits with board approval. Additionally, the RBI has issued draft directions to consolidate existing rules for government securities trading in the secondary market. These moves aim to enhance clarity and streamline operations for all stakeholders.
JPMorgan Chase stock hits all-time high at 338.22 USD By Investing.com - Investing.com India
JPMorgan Chase stock hits all-time high at 338.22 USD By Investing.comInvesting.com India
RBI draft allows AIFIs, HFCs to borrow from call money
The Reserve Bank of India (RBI) has proposed allowing All India Financial Institutions (AIFIs) and housing finance companies (HFCs) to borrow in the term money market, while also increasing borrowing limits for standalone primary dealers to strengthen liquidity and market participation.
InvestingPro’s AI picks four mid-caps, all up 10%+ in June By Investing.com - Investing.com India
InvestingPro’s AI picks four mid-caps, all up 10%+ in June By Investing.comInvesting.com India
Premium family SUVs that offer comfort without luxury pricing
Indian families are increasingly opting for SUVs, with a growing 'premium plus' segment offering luxury features without the hefty price tag. Modern SUVs now prioritize cabin ergonomics, advanced technology, and robust safety for all passengers. The pre-owned market, especially for models like the Hyundai Alcazar, presents a cost-effective way to access these premium comforts and practicalities, making family travel more enjoyable and secure.
Jindal Saw gains after API restores all licences for seamless pipes
Jindal Saw advanced 1.47% to Rs 261.70 after the company announced that the American Petroleum Institute (API) reinstated all its API licenses, allowing it to affix the API Monogram on its seamless pipes.
Silver price crashes over 50% from peak, falls below $60 an ounce; Can MCX silver rate fall below ₹2,00,000 per kg?
Silver prices are now down approximately 53% from that peak. The sharp correction has erased more than half of silver’s value from its all-time high of $121.78 per ounce recorded in January 2026.
Venezuela Earthquakes: PM Modi Offers Support, Says India Stands Ready To Extend All Possible Assistance
Rescue workers search for survivor at a collapsed building after an earthquake in Caracas, Venezuela.
Missed the FII U-turn? 6 stocks turned multibagger after foreign investors corrected their mistake
Foreign institutional investors (FIIs) reversed their selling trend in six select Indian stocks, turning them into multibaggers. Bajaj Consumer Care led the pack with a 265% surge after FIIs significantly increased their stake. Other beneficiaries include Acutaas Chemicals, SML Mahindra, Dee Development Engineers, United Foodbrands, and RateGain Travel Technologies, all witnessing substantial gains following FII re-entry. This shift highlights smart money's strategic course correction.
IRFC shares fall 2% as OFS worth Rs 2,212 crore opens for retail investors today. Here's all you need to know
Indian Railway Finance Corporation (IRFC) shares dipped as the government initiated an Offer for Sale (OFS), aiming to divest nearly 2% stake. The OFS, priced at a slight discount, saw strong institutional investor interest, leading to the exercise of the greenshoe option. Retail investors and employees can now participate in the sale, which aims to raise over Rs 2,212 crore.
IRFC OFS opens for retail investors today — All you need to know
The government's divestment drive continues to gain momentum as the IRFC stake sale comes after the recent OFS' in Coal India, Central Bank of India, NLC India, NHPC and General Insurance Corporation of India (GIC).