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PNB to focus on Retail, Agriculture, MSME advances, CASA deposits to boost profitability: MD Ashok Chandra
Punjab National Bank is set to prioritize retail, agriculture, and MSME lending, alongside boosting low-cost deposits to fuel growth. MD and CEO Ashok Chandra highlighted the bank's strong financial position and commitment to digital expansion and customer service. PNB aims to contribute to India's 'Viksit Bharat' vision by 2047, integrating ESG principles for responsible and sustainable development.
Turtlemint Fintech IPO listing date on 29 June: Here’s what GMP hints ahead of debut
Turtlemint Fintech IPO listing is scheduled on 29 June, after a subscription period from 19 to 23 June. The IPO received strong demand, particularly from retail investors. The share price is fixed between ₹144-152, with a total offering value of up to ₹660.72 crore.
Up to 42% upside! 9 stocks Jefferies, Motilal Oswal, others started coverage on. Do you own any?
Brokerages have initiated fresh coverage on several Indian stocks across metals, textiles, engineering and luxury retail, with mostly Buy ratings and double-digit upside targets. Firms like Meesho, Vedanta Aluminium, GE Vernova T&D and Welspun Living are seen as key beneficiaries of sectoral growth and structural demand trends.
Amazon will look at acquisitions, continue to work with govt on expanding AI capabilities: Andy Jassy, CEO
Amazon is significantly boosting its India investment, committing an additional $48 billion by 2030, bringing the total to nearly $90 billion. CEO Andy Jassy highlighted opportunities in AI, cloud computing, and quick commerce, emphasizing India's crucial role in Amazon's global strategy. The company sees substantial growth potential as retail and IT sectors increasingly shift online and to the cloud, despite operating under India's marketplace model.
Centre Raises Rs 2,100 Crore From Share Sale Of IRFC
The OFS for IRFC closed with an enthusiastic response from the retail investors.
Govt mobilises nearly ₹2,100 cr via share sale of state-owned IRFC
The government on Thursday said it has raised around Rs 2,100 crore from the share sale of state-owned Indian Railway Finance Corporation (IRFC). The OFS for IRFC closed with an enthusiastic response from the retail investors, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X. "Combined with the institutional investors, 22.88 crore shares were sold to the minority shareholders over the two trading days for an estimated amount of Rs 2,084 crore. We thank all investors for their participation and for reposing their faith in us," he said. The government decided to exercise the green shoe option on Wednesday, allowing 2 per cent stake dilution in the public sector undertaking (PSU) of the Railway Ministry. The Department had fixed a floor price of Rs 91 per share, at a discount of 7.8 per cent over Tuesday's closing price of IRFC shares on the BSE. Shares of IRFC closed 0.8 per cent lower at Rs 91.78 on the BSE on Thursday. Prio
Adani to build mini cities around six airports with ₹20,000 crore investment
Adani Airport Holdings plans to invest over ₹20,000 crore in the first phase of airport city projects across six airports, combining hotels, offices, retail, entertainment and convention centres into integrated urban hubs connected to major transport networks.
Reserve Bank of India issues final rules on credit derivatives
The rules will allow resident Indian non-retail users to deploy instruments such as credit default swaps and total return swaps without any restrictions on purpose, while limiting the use of these instruments by non-resident users for hedging purposes.
Reserve Bank of India issues final rules on credit derivatives
The rules will allow resident Indian non-retail users to deploy instruments such as credit default swaps and total return swaps without any restrictions on purpose, while limiting the use of these instruments by non-resident users for hedging purposes.
IRFC OFS raises ₹2,084 crore amid strong investor demand for PSU stake sales
The Centre raised about ₹2,084 crore through its IRFC Offer for Sale after strong demand from institutional and retail investors prompted the government to exercise the greenshoe option.
Adon Agro Commodities IPO: BSE SME declares price band at ₹66 to ₹70. GMP, lot size and key details
Adon Agro Commodities Limited will open its IPO on June 29, 2026, aiming to raise ₹44.03 crore. The price band is set at ₹66-70 per share, with allocations for QIBs, NIIs, and retail investors. Proceeds will support working capital and corporate purposes.
Gold Loans Emerge As Fastest-Growing Retail Credit Segment; Portfolio Seen Touching Rs 25 Lakh Crore By FY28
The Reserve Bank of India has also moved to tighten oversight of the sector. In June 2025, the central bank introduced stricter guidelines governing gold-backed lending.