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ICICI Prudential Mutual Fund raises stake in Travel Food Services, shares rise
ICICI Prudential Mutual Fund has announced the acquisition of an additional stake in Travel Food Services, increasing its total shareholding in the company to above 5%.
Explained - Why Jefferies is not worried about expensive steel stocks
Jefferies continues to prefer JSW Steel within the sector and retained it as its top pick. The brokerage expects JSW Steel's EBITDA and earnings per share (EPS) to grow at a compound annual growth rate of 35% and 65%, respectively, between FY26 and FY28.
Gold ETFs Break 13-Month Win Streak As Investors Pull Out Rs 725 Crore In May
Net gold ETF outflows stood at Rs 725 crore, according to data released by the Association of Mutual Funds in India
Earnings growth, end to West Asia war could drive double-digit gains for Nifty: Ashwini Shami, Omniscence Capital - Mint
Earnings growth, end to West Asia war could drive double-digit gains for Nifty: Ashwini Shami, Omniscence CapitalMint
MPC holds rate unchanged but stays vigilant for greater clarity to emerge as risks of higher inflation amplify: RBI
RBI noted in its MPC policy that there are considerable risks to the MPCs baseline assessment of inflation and growth due to the uncertainty about the duration and intensity of the conflict, magnitude of its spillover effects and the pace of restoration of supply chains. Additionally, the food outlook remains uncertain on account of the subnormal south-west monsoon forecast and El Ni. Although risks of higher inflation have amplified, the MPC felt it would be prudent to wait for greater clarity to emerge. Accordingly, the MPC voted to keep the policy rate unchanged. At the same time, the MPC will continue to remain data-dependent and closely monitor the developments, including supply side pressures getting embedded in the general price level and inflation expectations.
Earnings slowdown in FY27? JM Financial lists 5 sectors which must do the heavy lifting
Nifty 50 earnings growth fell short of expectations in FY25 and FY26. While Q4 FY26 results led to an upward revision for FY27E Nifty 50 EPS growth, past downgrades suggest caution. Automobiles, metals, NBFC, telecom, and infrastructure are poised for strong growth. Private banks form the backbone of these expectations.
MPC's repo rate pause will help stabilise growth: SBI chairman
State Bank of India Chairman CS Setty anticipates a Reserve Bank of India interest rate pause to foster stable growth. He highlighted India's future economic expansion depends on boosting entrepreneurship, improving market access, and investing in its large young population. Banks must scale up financing for infrastructure, manufacturing, and green initiatives to meet ambitious targets.
MPC's repo rate pause will help stabilise growth: SBI chairman
State Bank of India Chairman CS Setty anticipates a Reserve Bank of India interest rate pause to foster stable growth. He highlighted India's future economic expansion depends on boosting entrepreneurship, improving market access, and investing in its large young population. Banks must scale up financing for infrastructure, manufacturing, and green initiatives to meet ambitious targets.
Kotak Alts raises $1 billion through 14th real estate fund
Kotak Alts has successfully raised one billion dollars for its fourteenth real estate fund. The Abu Dhabi Investment Authority anchored the fund with over six hundred seventy-five million dollars. The National Pension Service of the Republic of Korea also made its first investment in Indian alternatives. This fund will finance growth and development across Indian real estate.
India's services sector growth hits 6-month high in May
India's services sector growth touched a six-month high of 59.8 in May, boosted by healthy demand conditions, new client wins, and ongoing improvements in new business intakes, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 59.8 in May, from 58.8 in April, signalling the strongest rate of expansion since last November. The HSBC India Services PMI Business Activity Index is based on a single question asking how the level of business activity compares with the situation the month before. Strengthening demand for services such as freight, digital solutions, e-commerce, entertainment and IT reportedly boosted new business growth during May. As a result, companies lifted activity to a greater extent and continued to add to payroll numbers. Although cost pressures remained historically high across India's service economy, they receded to their lowest in four months, which supported a moderate increase in selling prices ...
Adani Ports shares remain a 'near-consensus buy' among analysts after May update; check price targets
Adani Ports handled 48 million tonnes (MT) of cargo in May 2026, marking a 16% year-on-year increase. Growth was driven by strong performance in containers and liquid cargo, which rose 17% and 33%, respectively, compared to the year-ago period.
India, Myanmar deepen ties; India boosts Mekong-Ganga ICCR scholarships to 100, pledges support for Kaladan and IMT trilateral highway
In his interaction with the President, the Prime Minister stated that Myanmar lies at the confluence of Indias Neighbourhood First, Act East and MAHASAGAR (Mutual and Holistic Advancement for Security and Growth Across Regions) policies. The discussions underscored the importance of strengthening bilateral cooperation, including trade and economic ties, defence and security, border management, development assistance and cultural exchanges. Both sides noted ongoing discussions on various bilateral Agreements and Memoranda of Understanding and looked forward to their early conclusion.