Market News
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Aurobindo Pharma among 9 mid-cap stocks to hit 52-week highs & rally up to 20% in a month
The Sensex fell 372 points on Monday, but nine BSE Midcap stocks touched fresh 52-week highs, signalling resilient investor confidence. Bank of Maharashtra, Thermax, Bharat Forge, Oracle Financial Services and Laurus Labs were among the key outperformers despite broader market weakness.
Axis Bank CFO Puneet Sharma resigns to pursue new opportunities
Axis Bank's Chief Financial Officer, Puneet Sharma, has resigned to pursue new professional opportunities. Sharma, who has been with the bank since March 2020, will step down on August 31. He previously held significant roles at Tata Capital and Citibank. The bank expressed gratitude for his contributions and wished him well for the future.
Bajaj Auto buyback opens July 1; shareholders can tender shares till July 7
Bajaj Auto's Rs 5,633 crore share buyback will open for tender on July 1 and close on July 7. Eligible shareholders holding shares as of the June 24 record date can participate through the tender offer. The company said the buyback will not adversely impact its financial position.
Microfinance institutions' portfolio quality up in May; West Bengal, MP, Rajasthan laggards: Report
Microfinance asset quality saw a positive shift in May, with loan defaults declining nationwide. However, West Bengal, Rajasthan, and Madhya Pradesh continue to exhibit higher stress levels. Despite a slight dip in active accounts, the overall loan portfolio expanded, indicating sustained borrower demand and lender prudence. This improvement suggests a healthier financial landscape for many, though regional disparities persist.
Sebi invites candidates with 20 yrs' experience for executive director post
Markets regulator Sebi has begun the process of recruiting an executive director and has invited applications to fill the vacancy. Applications are invited for the post until July 25. The appointment of the executive director will be on a deputation or contractual basis for a period of three years, the Securities and Exchange Board of India (Sebi) said in a notice. As per the notice, candidates applying through the contract route are required to have qualifications, such as an MBA, CA, CS, LLB, or a postgraduate degree in economics, finance or another discipline Sebi considers relevant. The candidate applying for the position must have at least 20 years of experience dealing with securities market issues or special knowledge or experience in law, investigation, finance, economics and accountancy, among others. Eligible candidates from government organisations, public sector banks, and financial institutions may apply on deputation by routing their applications through their ...
Chinese stocks rebound on fresh liquidity support
Financial stocks led the market's recovery, with Industrial and Commercial Bank of China rising 0.98%, Agricultural Bank of China gaining 0.81%, and China Construction Bank adding 0.50%. Among other major gainers, CATL advanced 2.98%, BYD climbed 1.84%, and NAURA Technology surged 5.76%.
HAL announces final dividend of Rs 10 for FY26. Check record date and other details
HAL has declared a final dividend of Rs 10 per share (200%) for FY26, subject to shareholder approval at the upcoming AGM. The record date is set for August 14, 2026. The payout will be made within 30 days of approval, along with updates on recent financial performance.
Eleven invests Rs 216 cr into financial services biz, total investment rises to Rs 470 cr
Diversified group Eleven has injected Rs 216 crore into its financial services arm, pushing total investment to Rs 470 crore over four years. This strategic move aims to bolster its scaled financial services franchise, with its NBFC, SVCL, having served over 19 lakh customers and disbursed Rs 10,000 crore. Eleven also launched Eleven Tech, a new platform for financial institutions, appointing Monu Ratra as its CEO.
Zerodha now wants to enter investment banking space, seeks Sebi nod
Zerodha has applied to SEBI for a Category I merchant banking licence, signalling its entry into investment banking. The move aligns with India’s strong IPO pipeline and expanding capital markets activity. If approved, it will deepen Zerodha’s diversification beyond broking into a broader financial services platform
Tata Motors says IVECO deal to make it fourth-largest global CV maker
Tata Motors said its commercial vehicles business maintained domestic market leadership while reporting record FY26 financial performance. The company also expects its proposed acquisition of IVECO Group to close by Q2 FY27, subject to remaining regulatory approvals.
Riyaasat Lifestyle IPO allotment date likely today. GMP, steps to check share allotment status online for SME IPO
Riyaasat Lifestyle IPO allotment date is likely today, 29 June 2026. Investors can check Riyaasat Lifestyle IPO allotment status through the websites of BSE and IPO registrar. Skyline Financial Services is the Riyaasat Lifestyle IPO registrar.
7 benefits of having a high-interest savings account
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