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Axis Bank dips 2% amid reports of senior level exits; should you be worried?
Anil Agarwal, president & group head of institutional clients coverage, Vikas Shinde, who once headed the debt capital market team, and Jimmy Tavadia, group head of trading, have resigned, reports say
Power transmission offers biggest long-term opportunity; textiles near bottom: Nepean Capital
Gautam Trivedi, Co-Founder of Nepean Capital discusses AI's impact on IT, opportunities in data centres, why textile exporters may be nearing a bottom, and shares his views on stocks including TD Power Systems, Power Grid Corporation of India, KEC International, Hitachi Energy India, Transformers and Rectifiers (India), Yash Highvoltage and Varun Beverages.
Marksans Pharma rises after acquiring 100% stake in ABCnow GmbH
Marksans Pharma added 3.77% to Rs 270.90 after the company said that it has entered into a definitive agreement to acquire 100% of the share capital of Germany-based ABCnow GmbH.
Prime Offices Fund closes first round at Rs 4,000 crore, commits 45% of capital
Prime Offices Fund has successfully raised Rs 4,000 crore in its initial funding round. The fund has already committed nearly half its capital to acquire three office properties. This expanded corpus reflects strong investor demand for Indian commercial real estate opportunities. The fund's portfolio now spans approximately four million square feet of office space. It houses over seventy occupiers, including many Global Capability Centres.
India looks attractive again as AI trade cools; oil likely to stay at $80–100: Arvind Sanger
Arvind Sanger, Managing Partner at Geosphere Capital Management discusses the next phase of the AI investment cycle, India's growing appeal as valuations improve, challenges facing IT services and GCCs, and why foreign investors are beginning to look at Indian equities again.
Gold, Silver Prices On July 8: Check Rates In Mumbai, Delhi, Chennai, Kolkata, Bangalore, Hyderabad
In the national capital, Delhi, gold price was trading at Rs 1,45,360 per 10 grams.
SEPC shares decline after board approval for acquiring 90% stake in Avenir International
SEPC's board also approved an increase in the firm's authorized share capital from ₹225 crore to ₹600 crore, via the creation of additional equity shares, subject to shareholder approval.
Uno Minda shares in focus as firm enters 4-wheeler seating systems segment with Rs 320-crore capex
Uno Minda is expanding into four-wheeler passenger vehicle seating systems. A new manufacturing facility will be established in Maharashtra. This facility represents a significant capital expenditure for the company. Operations are expected to begin in the fourth quarter of FY28. The company has secured an anchor order from a leading OEM.
Kalyan Jewellers shares can rally up to 97% as Citi bets on long-term growth
Citi believes Kalyan's franchise-led expansion strategy should support long-term growth, improve return on capital employed (RoCE), and aid balance sheet deleveraging.
Kusumgar IPO Day 1: Issue opens today. GMP hints 40% listing pop. Should you apply or not?
The Kusumgar IPO subscription opens on July 8 and closes on July 10. The company raised ₹193.9 crore from anchor investors, allocating equity shares at ₹419 each. The IPO is 100% offer-for-sale, with no fresh capital raised, and is set to list on July 15.
Stock To Watch Today: Tata Capital, Dilip Buildcon, Cochin Shipyard, Indian Overseas Bank, Heritage Foods
Knack Packaging will also be in focus as its shares make their debut on the exchanges.
Google will set up more AI data centres in India as demand grows, says cloud business CEO Thomas Kurian
A multi-year capital expansion plan will follow the $15-billion investment in Andhra Pradesh announced last October, Thomas Kurian, chief executive of Google Cloud, told Mint.