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Swiggy's foreign shareholding falls below 50%: What it means for investors
Swiggy's foreign shareholding now stands below fifty percent, meeting a key regulatory requirement. This change allows the company to pursue Indian-Owned-and-Controlled Company status under FEMA rules. However, full qualification is not expected until March 2027, after governance changes. Reducing foreign ownership further may impact index weightage for Swiggy. JM Financial maintains a 'Reduce' rating with an unchanged target price.
NBFCs' credit growth accelerates to 14.2% in May 2026
RBI released data on sectoral deployment of credit by non-banking financial companies (NBFCs) for the month of May 2026, collected from major NBFCs and housing finance companies (HFCs).
PC Jeweller jumps 6% after repaying 2 consortium banks; eyes debt-free status by Q2 FY27
PC Jeweller shares climbed 6.5% after the company said it had repaid all outstanding debt owed to two of its 14 consortium banks under a September 2024 settlement agreement. Calling it a key milestone in its turnaround, the jeweller said it expects to clear the remaining debt and achieve debt-free status during the current quarter, strengthening its financial position.
M3M India lines up Rs 2,500 crore for land acquisition
M3M India will invest Rs 2,500 crore in land acquisition over coming months. The company plans to accelerate construction of its extensive under-development portfolio. This significant investment will be funded by customer receivables and existing cash reserves. M3M India aims to expand its presence in Noida through upcoming land auctions. The developer is also completing several residential and commercial projects this financial year.
Here's why HSBC prefers private banks over its PSU peers — Check top picks
HSBC has now increased its profit after tax (PAT) estimates for large private banks under its coverage by 1% to 6% across financial year 2027-2029.
IC Electricals IPO allotment today: SME IPO subscribed 420x, GMP rises. Here's how to check status online
IC Electricals allotment date is likely to be finalised today, July 8. Investors can check your IPO allotment status online through the websites of NSE, BSE and the IPO registrar - Skyline Financial Services.
Jio Financial Services Share Price Live Updates: Jio Financial Services shows resilience in returns.
Trent slides 12% as Q1 growth fails to impress
Trent shares experienced a significant single-day decline on Tuesday. This drop followed first-quarter financial results that did not meet market expectations. Revenue growth was largely driven by recently opened stores in smaller towns. These new locations show lower revenue per square foot compared to metros. Analysts remain optimistic about Trent's long-term growth prospects.
Genworth Financial stock falls as CEO takes medical leave By Investing.com - Investing.com India
Genworth Financial stock falls as CEO takes medical leave By Investing.comInvesting.com India
Irdai asks state-run insurers to account for wage costs annually
Irdai has implemented a new requirement for state insurers to create annual provisions for wage increases, intending to soften the financial repercussions of periodic wage negotiations. Insurers are now obliged to evaluate the sufficiency of these provisions quarterly after obligations become clear. The government has ruled out options for additional capital, instead banking on solvency improvements from IFRS 17 and stakes in the NSE.
Irdai asks state-run insurers to account for wage costs annually
Irdai has implemented a new requirement for state insurers to create annual provisions for wage increases, intending to soften the financial repercussions of periodic wage negotiations. Insurers are now obliged to evaluate the sufficiency of these provisions quarterly after obligations become clear. The government has ruled out options for additional capital, instead banking on solvency improvements from IFRS 17 and stakes in the NSE.
Larsen & Toubro receives issuer rating of 'Baa1; Stable' from Moody's
Larsen & Toubro (L&T) has secured a 'Baa1' long term issuer rating with a 'Stable' outlook from Moody's Ratings, reinforcing the Group's robust credit profile and financial resilience.