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Adani Ports emerges top contender for Karanja Terminal takeover
Adani Ports is poised to acquire Karanja Terminal & Logistics, with creditors endorsing its ₹625-crore recovery plan. The nation's top port operator has offered full repayment to financial creditors for their outstanding dues. This development follows Prudent ARC's acquisition of nearly all of Karanja's debt, signaling a significant shift in the company's future.
RBI opens term money market to AIFIs, housing finance companies
The Reserve Bank of India has opened the term money market to All India Financial Institutions and housing finance companies, allowing them to borrow and lend. Prudential borrowing limits for primary dealers have also been significantly increased. These moves aim to deepen market participation and improve liquidity, ultimately strengthening monetary policy transmission by linking short-term and long-term interest rates.
RBI opens term money market to AIFIs, housing finance companies
The Reserve Bank of India has opened the term money market to All India Financial Institutions and housing finance companies, allowing them to borrow and lend. Prudential borrowing limits for primary dealers have also been significantly increased. These moves aim to deepen market participation and improve liquidity, ultimately strengthening monetary policy transmission by linking short-term and long-term interest rates.
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 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.
IndiGo market capitalisation back at ₹2 lakh crore after airline recovers all of Iran war losses
According to Bloomberg data, 21 of the 26 analysts covering InterGlobe Aviation have a 'buy' recommendation, while three suggest 'hold' and two recommend 'sell'. The average analyst target price stands at ₹5,323.67.
India needs to diversify its sources of energy needs, says NITI vice-chairman
NITI Aayog Vice Chairman Ashok Kumar Lahiri highlighted that the West Asia conflict, though a temporary supply chain issue, underscores India's need to diversify energy sources. He expressed optimism about an upcoming India-US trade agreement and advocated for including pharmaceutical products in future FTAs. Lahiri likened the crisis to a manageable 'influenza,' emphasizing the lesson of not concentrating all import and export dependencies.
Weather Tomorrow: Southwest Monsoon Makes Progress As Mumbai Braces For Rains Arrival
While the monsoon has reached Alibag and Pune, the IMD said it will officially declare the onset over Mumbai only after all meteorological criteria are met.
Big Four firms' India operations shine amid global slump
India's Big Four accounting firms have achieved remarkable growth, outperforming global peers in fiscal year 2026. PwC and Deloitte reported significant revenue increases, while KPMG and EY also saw substantial gains. Technology consulting is a major driver, contributing significantly to revenue across all firms. Despite reporting variations, all four have surpassed the $1 billion India revenue mark, signaling robust expansion and strategic investments in key service areas.
Passenger body urges Railway Minister Ashwini Vaishaw to restore all 7 trains on Pathankot-Kangra line to reduce overcrowding
Commuters in Kangra Valley are urging the Railway Minister to reinstate all seven train services on the Pathankot-Baijnath route, citing severe overcrowding and unsafe travel conditions. Only two pairs of trains have resumed after a four-year suspension due to flood damage. Passengers face perilous journeys, standing at coach doors due to the heavy rush on the limited six-coach trains.
Reliance Industries AGM Live Updates: All eyes on Jio IPO timeline, new energy biz
Reliance Industries AGM Live Updates: The biggest day in the calendar for Reliance Industries Ltd. is here as the oil-to-telecom-to-retail-to-new energy conglomerate will be holding its 49th Annual General Meeting (AGM), starting 2 PM this afternoon. The big focus of the street has been on a clear timeline for the Reliance Jio IPO and that will remain the biggest talking point during the course of Chairman and Managing Director Mukesh Ambani's speech. Watch this space for all the LIVE updates from the AGM.
Stock Market Today: All You Need To Know Before Going Into Trade On June 18
India's total market capitalisation crossed $5 trillion.