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KPIT Tech shares hit by downgrades, target price cuts. What JPMorgan and other brokerages said
KPIT Technologies shares plunged after the company issued a weak preliminary Q1 FY27 business update, prompting several brokerages, including JPMorgan and JM Financial, to downgrade the stock and cut target prices. While analysts remain optimistic about the company's long-term prospects, they expect near-term earnings and growth to remain under pressure.
ZF Commercial Vehicle slides as CFO resigns
ZF Commercial Vehicle Control Systems India fell 1.86% to Rs 2,514 after the company said its chief financial officer (CFO) & key managerial personnel (KMP), Sweta Agarwal, has resigned effective from the close of business hours on 30 June 2026.
Trump pulled in at least $1.4 billion from crypto ventures in 2025
President Donald Trump took in nearly USD 1.2 billion dollars from his crypto businesses last year, a federal filing released Monday shows. Mere startups when took the oath of office, the new ventures have now eclipsed in revenue much of his vast property portfolio that took decades to accumulate. Fueling their rise was a pair of billionaire investors and Trump's own move to quash a federal crackdown on the industry. Trump got more than USD 500 million from his World Liberty Financial business selling new crypto products, including "governance tokens," according to the required annual disclosure report. It also showed another crypto business, CIC Digital LLC, took in more than USD 600 million from sales of souvenir-type "meme" coins stamped with his face. Both the tokens and the coins have plunged in value since the sales. The rise of crypto relative to Trump's property is especially stunning given that traditional mainstay of his family business also grew rapidly, last year as it
Stocks to Watch for July 1: Auto stocks, Kotak Mahindra Bank, Prestige Estates, KPIT Tech and more
From KPIT Tech expecting its financial performance for the June quarter (Q1FY27) to fall short of earlier expectations to Kotak Mahindra Bank Ltd signing a business transfer agreement worth about ₹281.7 crore in cash to acquire Deutsche Bank AG’s retail banking, here are stocks to track ahead of Wednesday trading session.
Zaggle secures multi-year deal to provide enterprise software to NBFC APAC Financial
The fintech firm has signed a five-year agreement to provide its procurement and employee expense management platforms to APAC Financial Services, with revenue linked to user adoption and usage levels.
India's sound macroeconomic fundamentals provide greater resilience to external shocks, says RBI
Reserve Bank released the June 2026 edition of the Financial Stability Report (FSR) today. It noted that despite repeated shocks, the global financial system has thus far demonstrated notable resilience, with markets remaining orderly after an initial bout of volatility following the outbreak of the West Asia conflict. Nevertheless, global financial stability risks remain elevated. Persistent supply chain uncertainties could tighten financial conditions and revive inflationary pressures. Meanwhile, elevated public debt, bond market fragilities, stretched asset valuations, and leveraged NBFIs remain key vulnerabilities that could amplify future shocks.
Zaggle Prepaid rises after signing 5-year agreement with APAC Financial Services
Zaggle Prepaid Ocean Services (Zaggle) gained 4.38% to Rs 207.35 after the company announced that it has entered into a five-year agreement with APAC Financial Services.
Swiggy hits new all-time low, down 8% in June; JM Financial lowers target
Analysts at JM Financial believe that 1QFY27 will reinforce the widening divergence between Blinkit and Instamart, with the former likely to outperform; they lowered target price on Swiggy to ₹250.
Former finance services secy Rajiv Kumar named HDFC Bank part-time chairman
Kumar (66), a seasoned public policy leader and financial sector reformer, is widely credited with playing a key role in revitalising India's banking and financial system during a period of significant stress between 2017 and 2020. During his tenure, he strengthened governance, risk management and regulatory oversight across banks by institutionalising specialised monitoring of large exposures and introducing technology-driven risk assessment systems.
Former finance services secy Rajiv Kumar named HDFC Bank part-time chairman
Kumar (66), a seasoned public policy leader and financial sector reformer, is widely credited with playing a key role in revitalising India's banking and financial system during a period of significant stress between 2017 and 2020. During his tenure, he strengthened governance, risk management and regulatory oversight across banks by institutionalising specialised monitoring of large exposures and introducing technology-driven risk assessment systems.
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.