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NBFC credit driven by retail loans, RBI data shows
Non-banking finance companies saw fourteen percent loan growth in May. Retail loans increased twenty percent, and agriculture loans rose eighteen percent. Loans against gold jewellery grew seventy percent, while consumer durable loans expanded forty-two percent. Vehicle loans grew fifteen percent, and services sector credit grew seventeen percent. Overall NBFC credit growth lagged behind banks' seventeen percent expansion.
Demat accounts surge by 2.6 million in June, highest since February
Demat account additions rose to a four-month high in June as revived IPO activity, easing geopolitical concerns and improving market sentiment attracted more retail investors
FM Sitharaman exhorts toymakers to aim for a fourth of global market share
Finance Minister Nirmala Sitharaman encouraged the toy industry to capture a quarter of the global market. She highlighted government policies and trade agreements supporting this ambitious goal. Domestic toy exports have significantly increased, while imports have sharply declined. The minister emphasized the importance of branding and quality product creation for success. Support programs are empowering Indian toy manufacturers to compete internationally.
Sonu Nigam, Scout join GEPL as franchise owners ahead of Season 3
Playback singer Sonu Nigam and gaming creator Scout are new franchise owners. They join the Global e-Cricket Premier League's third season expansion. The tournament will feature eight teams and a significant prize pool. This move reflects esports' growing mainstream acceptance and diverse appeal. The league aims to nurture Indian esports athletes and build global relevance.
Cochin Shipyard OFS subscribed 3.52 times on Day 1; retail investors get to bid tomorrow
The government's Cochin Shipyard offer for sale drew robust institutional demand, with the non-retail portion subscribed 3.52 times, prompting the full green-shoe option. Retail bidding opens next, while the sale advances the government's disinvestment and public float expansion objectives.
INR seen supported by improving global risk sentiments
The Indian rupee appreciated 48 paise to close at 94.95 (provisional) against the US dollar on Tuesday, on improved global risk sentiments as higher traffic flows through the Strait of Hormuz reduced supply uncertainties. Market sentiment was also buoyed after Saudi Arabia slashed August crude oil prices for Asia by USD 11 per barrel. Moreover, softness in Brent oil prices is alaos expected to ease inflationary pressures for India, the world's third-largest oil importer. However, Indian shares ended slightly lower on Tuesday, with benchmark indexes Sensex and Nifty snapping a four-day winning streak. The Indian benchmark equity indices snapped their four-day winning streak, ending marginally lower due to late-session profit booking and weak Asian cues. The NSE Nifty 50 declined by 31.65 points (0.13%) to close at 24,398.70, while the BSE Sensex dropped 104.35 points (0.13%) to settle at 78,180.72.
Economic and trade cooperation remains a key pillar of India-Indonesia ties
India and Indonesia issued a joint statement on the State Visit by Prime Minister of India to Indonesia. Prime Minister Modi and President Prabowo held official bilateral talks on 7 July 2026 at Istana Merdeka, Jakarta. The official talks covered the full spectrum of bilateral relations, including political engagement, defence and security cooperation, maritime cooperation, trade and investment, digital economy, science and technology, space, critical minerals, energy, agriculture, health, pharma, education, culture, tourism, youth exchanges and people-to-people ties, in addition to regional and global developments of mutual interest. They also witnessed the exchange of a number of bilateral documents, aimed at further strengthening the India-Indonesia Comprehensive Strategic Partnership.
Global chip stocks in the red after Samsung dips on quarterly results - Investing.com India
Global chip stocks in the red after Samsung dips on quarterly resultsInvesting.com India
AI Crash Loading? E2E, Black Box, Netweb Slump Up To 10% As Investors Retreat Globally
AI-linked stocks tumble as global tech sell-off sparks fresh valuation concerns.
China Hardens AI Wall: Overseas Access For DeepSeek, Future Models To Be Curbed
Chinese AI models have gained significant traction worldwide with the release of DeepSeek's R1 model last year.
Nifty slips below 24,400 as profit booking ends four-day rally
The benchmark indices snapped their four-session winning streak on Tuesday as weak global cues triggered profit booking in domestic equities. The Nifty closed below the 24,400 mark amid broad-based selling. Metal and realty stocks tumbled, while IT, consumer durables and FMCG shares bucked the broader market trend.
India emerging as a major beneficiary of ongoing realignment of global supply chains, says ASSOCHAM study
India is rapidly strengthening its position as one of the world's leading manufacturing destinations and is emerging as a major beneficiary of the ongoing realignment of global supply chains, according to a new ASSOCHAM study titled "Global Manufacturing Undergoing Strategic Realignment: India Emerges as a Key Beneficiary of Supply Chain Diversification." The study highlights that the post-pandemic world has fundamentally reshaped global manufacturing dynamics. While China remains the world's largest manufacturing economy, new manufacturing investments and production capacity are increasingly being distributed across multiple economies as global firms adopt China+1, nearshoring and friendshoring strategies to build resilient and diversified supply chains.