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SBI Funds Management's IPO fully subscribed on second day of bidding

SBI Funds Management's $1.03 billion initial public offering (IPO) was fully subscribed on the second day of bidding on Wednesday, as investors bet on the ​growth prospects of India's asset management industry. The IPO of India's ​largest asset manager received bids for 126.74 million shares, against 124.56 million ‌on offer, as of 10:48 a.m. IST, exchange data showed.

Tech Mahindra Q1 results preview: Margins seen rising up to 50 bps on cost optimisation

Brokerages estimate Tech Mahindra’s EBIT margin to increase 25-50 basis points (bps) in the June-ending quarter, led by delivery efficiencies, cost optimisation and gross margin improvements. Equirus Research expects margins to improve by 4 2bps on a sequential basis, largely led by initiatives like Project Fortius and currency benefits to be partly compensated by investments.

Weak rupee and rising commodity prices squeeze auto makers' margins despite festive demand

India’s automobile makers are entering the festival season with robust demand, but their biggest challenge is no longer selling more vehicles; it is protecting profits. A record-low ₹96.18 per dollar and a broad-based surge in commodity prices are threatening to squeeze margins just as manufacturers ramp up production for the year’s busiest sales period.

LTM leads deployment of Microsoft 365 Copilot across the L&T Group

LTM announced that it is leading the deployment of Microsoft 365 Copilot across the L&T Group, driving one of India's largest enterprise AI workplace transformations. As part of this enterprise-wide rollout, L&T is enabling Microsoft 365 Copilot for ~140,000 employees across the group, with LTM leading the transformation.

Education loan demand shifts beyond US, NBFC AUM seen up 20%: Report

Fewer Indian students are heading to the United States due to visa and policy uncertainties, but education loan growth for non-banking finance companies (NBFCs) is expected to remain resilient this financial year, according to a Crisil Ratings report cited by news agency, PTI.

Anupam Rasayan signs $300 mn LOI with Spain's BasqueVolt for battery chemical supply

Anupam Rasayan India Ltd said on Wednesday it has signed a non-binding Letter of Intent (LOI) with Spanish solid-state battery developer BasqueVolt SA to explore supplying a specialty chemical product over a period of up to 10 years, in a deal that could generate cumulative revenue of $300 million.

NCDEX to roll out Guar Korma futures from July 24

NCDEX will launch Guar Korma futures on July 24, giving exporters, processors and feed manufacturers a SEBI-regulated platform to hedge price risks. The contract completes the exchange-traded guar derivatives ecosystem, improves price discovery and is expected to support India's export-driven guar industry amid volatile global feed markets.

Dow Jones| Nasdaq | S&P 500 | US Stock Market Today | Live: US stock futures tick up as investors weigh earnings; PayPal jumps

Tata Elxsi clocks over 18% YoY rise in Q1 PAT; records EBITDA of Rs 216 crore

Tata Elxsi has reported 18.2% rise in net profit to Rs 170.6 crore on a 14.5% increase in revenue from operations to Rs 1,021.1 crore in Q1 FY27 as compared with Q1 FY26. While EBITDA improved by 15.7% year-on-year (YoY) to Rs 216 crore, EBITDA margin was 21.2% in Q1 FY27 as against 20.9% in Q1 FY26.

L&T Technology Services Reports 11.5% YoY Growth in Q1FY27

BusinessWire India Mumbai (Maharashtra) [India], July 15: L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a global leader in Engineering Intelligence Solutions & ER&D Consulting Services, announced its results for the first quarter ended June 30, 2026.

SBI Funds Management IPO fully subscribed on Day 2

New Delhi, Jul 15 (PTI) The initial public offer of SBI Funds Management Ltd got fully subscribed on the second day of bidding on Wednesday. The Rs 9,812.91-crore IPO received bids for 14,51,33,924 shares against 12,45,63,536 shares on offer, registering 1.17 times subscription, as per NSE data till 11:21 hours.

Nuvoco Vistas shares extend post-Q1 results rally to hit 8-month high as brokerages raise earnings estimates

HSBC maintained its 'Buy' rating on Nuvoco Vistas and raised the target price to Rs 475 after the company reported a stronger-than-expected June quarter.

Tech Mahindra Q1 Preview: Profit Expected To Rise 17%, Margins Seen Improving

Tech Mahindra's consolidated revenue for Q1FY27 is estimated to rise sequentially to Rs 15,458 crore

Aamir Khan Responds To Fatwa, 'Love-Jihad' Allegations After Marrying Gauri Spratt

Aamir rejected the allegations and explained that his family has always embraced religious diversity.

Tata Elxsi shares hit 5-year low after Q1: What’s worrying the street?

Tata Elxsi’s June-quarter earnings failed to impress the street. In the intraday trading, Tata Elxsi share price slipped nearly 6%. While the company reported year-on-year growth, earnings declined sequentially, margins disappointed, and its largest business segment continued to face demand challenges.

MOIL appoints director

MOIL has appointed Sonali Sanjit Nagvenkar, as a Non-Official Director (NoD) on board of the company for a period of three years. The appointment of Sonali Sanjit Nagvenkar will be effective from the date of allotment of Director Identification Number (DIN) and registration in Independent Director's data bank of Indian Institute of Corporate Affairs (IICA) of the Ministry of Corporate Affairs.

IT firms well placed to help clients leverage AI benefits: Wipro chairman

Wipro Chairman Rishad Premji said IT services companies bring decades of experience in understanding clients’ business processes, operating environments and workflows, putting them in a better position to leverage AI to transform and orchestrate their systems and extract value.

Goa Carbon slides as Q1 net loss widens to Rs 7 crore

Revenue from operations fell 67.04% YoY to Rs 65.64 crore in Q1 FY27, compared with Rs 199.21 crore in the corresponding quarter last year. The company reported a pre-tax loss of Rs 6.58 crore in the first quarter of FY27, as against a pre-tax loss of Rs 11.78 crore in Q1 FY26.

Kirloskar Brothers' UK arm bags £11.7 million order from Saipem

The order entails the supply of vertical pumps and spares. Under the contract, SPP will be required to furnish a performance bond equivalent to 10% of the contract value and a warranty bond equal to 5% of the contract value.

Tech Mahindra Q1 Preview: Will the IT company surprise investors with its earnings?

is expected to report modest revenue growth for the June quarter, with telecom remaining the biggest growth driver as large deal ramp-ups continue. Revenue is expected to rise about 1% sequentially in constant currency terms, according to estimates from five brokerages.

HDFC AMC Q1 Results: Net profit jumps 12% YoY to ₹837 crore; revenue surges 14%

HDFC AMC Q1 Results: HDFC Asset Management Company (HDFC AMC) on Wednesday, 15 July, reported a 12% year-on-year increase in consolidated net profit to ₹ 837 crore for the first quarter, compared with ₹ 748 crore in the corresponding period last year.

SBI Funds IPO fully subscribed on second day of bidding

SBI Funds Management's $1.03 billion initial public offering (IPO) was fully subscribed on the second day of bidding on Wednesday, as investors bet on the growth prospects of India's asset management industry. The IPO of India's largest asset manager received bids for 126.74 million shares, against 124.56 million on offer, as of 10:48 a.m. IST, exchange data showed.

Andhra Pradesh Minister Nara Lokesh lays foundation for Rs 3,100-crore cement unit in Kadapa

Kadapa: Andhra Pradesh IT Minister on Wednesday laid the foundation for 's Rs 3,100-crore second cement manufacturing unit here. Designed to produce green cement, the new unit, expected to be commissioned by the third quarter in 2027-28, will become the company's largest in South India with a clinker capacity of 6.1 MTPA and of 9.6 MTPA.

Tamil Nadu Citizens Can Now Use WhatsApp To Report Bribe Demands

Representational

'Usurping Pirates', 'Invaders': Argentina Vice-President Blasts England Ahead Of FIFA WC Semifinal Clash

Argentina VP revives Falklands row ahead of England World Cup semifinal.

Nifty to hit 27,000 in one year? PL Capital says Middle East crisis, El Nino can play a spoil sport; names 15 top picks

PL Capital has raised its one-year Nifty 50 target to 27,019, implying over 12% upside, while warning that the escalating West Asia conflict and a potential super El Niño could fuel inflation and hurt growth. The brokerage remains stock-specific and has identified 15 preferred large- and mid-cap picks.

Another Setback To Mamata Banerjee, Close Aide Madan Mitra Joins Rebel Camp

Madan Mitra

HDB Financial Q1 Results: Profit Jumps 38%, Revenue Nears Rs 5,000-Crore Mark

HDB Financial declared its Q1 results on July 15.

Market wrap: Eternal, UltraTech Cement among top gainers and losers on Nifty and Sensex today

Indian equities ended marginally higher after surrendering most intraday gains amid volatile trading. Geopolitical tensions, elevated crude prices and rupee weakness kept sentiment cautious, while analysts expect Q1 earnings and key US economic cues to drive near-term market direction.

HDFC Life Insurance Company Q1 results: Profit rises 12% YoY to ₹611 crore; VNB up 9%

HDFC Life Insurance Company reported a 12% YoY rise in its standalone profit to ₹611.42 crore for Q1FY27. Value of new business (VNB) for the quarter rose by 9% YoY to ₹879 crore.

What Is The Bundibugyo Ebola Strain? DR Congo Outbreak Explained

WHO has reported that at least 80% of new infections originate via unidentified channels of transmission.

RBI Clears Rajiv Kumar For Three-Year Term As HDFC Bank Part-Time Chairman

RBI gives nod to Rajiv Kumar appointment.

Akasa Air, BPCL Sign Pact For Sustainable Aviation Fuel As Ethanol Push Expands To Skies

The MoU is intended to ramp up the availability and offtake of SAF at select airports in India.

Sun Pharma among 5 stocks that hit 52-week highs & rallied up to 20% in a month

The Sensex gained 130 points on Wednesday, while five BSE 200 stocks—Paytm, Divi's Laboratories, Torrent Pharmaceuticals, Sun Pharmaceutical Industries and Apollo Hospitals—hit fresh 52-week highs, reflecting strong buying interest, improving sentiment and sustained bullish momentum.

The Odyssey Release: Cast, Plot, Budget, Formats — All You Need To Know About Christopher Nolan Film

The Odyssey has received an 'A' certificate from the CBFC without any cuts.

Quote of the day by Jim Simons: "We have three criteria. If it’s publicly traded, liquid and amenable to modeling, we trade it"

Jim Simons' investment philosophy centered on three key criteria for trading. He prioritized assets that were publicly traded, liquid, and amenable to modeling. This approach emphasized data-driven decisions over speculation and emotions. His quantitative methods identified statistical patterns and refined models with new information. This disciplined strategy demonstrated the power of data in lon

Swiggy Instamart Partners With HPCL To Launch India's First Quick-Commerce LPG Cylinder Delivery

Swiggy Instamart launches on-demand HPCL LPG cylinder delivery, starting with Bengaluru customers.

Thalapathy Vijay's Jana Nayagan To Release On July 23? Here's What We Know

Vijay's Jana Nayagan is set for a July 23 theatrical release after months of CBFC delays, legal hurdles and a major piracy leak.

Jana SFB Q1 Results: Profit Zooms Over 50% As Provisions Slip, Asset Quality Improves

Jana SFB's Q1 profit jumps 52% as asset quality improves and provisions decline.

HDFC Life Q1 Results: Profit Exceeds Rs 600 Crore As Net Premium Income Grows 15%

HDFC Life Insurance Q1 Results

Iran War News Live Updates: US Launches Fresh Wave Of Strikes On Iran To Further 'Degrade' Military Capability

Iran War Live Updates

Expert view: Nifty may touch 27,000 by the year end or early next year, says Rohit Srivastava of Indiacharts

Market strategist Rohit Srivastava predicts the Nifty 50 index could reach 27,000 by the end of this year or early next year. He advises investors to buy dips and focus on growth stocks despite geopolitical uncertainties that threaten short-term stability.

'Got To Do Something': Jamie Dimon Opens Up On Life After Stepping Down As JPMorgan CEO

File image of JPMorgan CEO Jamie Dimon

Telco Listing Rush: Airtel Africa Preps $10B London Spinoff Amid Jio Plan For Record India IPO

Airtel Africa could be London's largest new listing since Wise debuted with a valuation of nearly £9 billion in July 2021.

HDB Financial Q1 Results: Profit jumps 38% YoY to Rs 785 crore; NII up 20%

HDB Financial Q1 Results: HDB Financial Services reported a 38% profit increase for the June quarter. Net interest income grew twenty percent, supporting overall financial performance. Assets under management reached one point two two lakh crore rupees. Asset quality showed improvement with lower Stage three loan percentages. The company experienced strong growth across its core operating metrics.

HDFC AMC Q1 Result: Net Profit Rises 12% As Revenue Grows

HDFC AMC Q1 results

Kerala High Says Aadhaar Need Not Be Mandatory For Digi Yatra Registration If...

The petition has also sought interim directions restraining airport operators and associated entities from sharing or commercially exploiting passengers' personal data without proper authorisation.

Q1 Results Live Updates: HDB Financial Profit Surges 38%, Groww Revenue Rises 66%

Q1 Results Today Live: Track all the latest Q1 earnings announcements, management commentary, dividend declarations, margin trends, guidance, analyst reactions and share price moves from companies reporting June quarter results today.

Small-cap FMCG stock Spice Lounge Food Works hits upper circuit after this business update

Small-cap FMCG stock Spice Lounge Food Works hit its upper circuit on the BSE on Wednesday, 15 July, a day after the company announced it had opened its first Wing Zone Outlet in Bengaluru.

HDFC AMC Q1 Results: Net profit rises 12% to Rs 837 crore, revenue up 14%

HDFC Asset Management Company reported a 12% rise in Q1 FY27 net profit to ₹837 crore, supported by higher revenue and asset growth. Quarterly average AUM climbed 13% year-on-year, while shares gained over 2% after the earnings announcement.

Nifty 50 above 27,000? PL Capital raises target, sees more upside in Indian stock markets but flags key risks

PL Capital has raised its one-year Nifty 50 target to 27,019, citing improved macroeconomic conditions, resilient demand, and easing oil prices, while cautioning about risks from geopolitical tensions and potential El Niño effects on markets and earnings.

Rupee ends flat as merchant bids, oil blunt comfort from modest inflows

The Indian rupee hovered close to a one-month low on Wednesday, driven by modest portfolio inflows and increased corporate demand for dollars. Asian currencies remained mostly stable, with the dollar index resting near 101. Meanwhile, oil prices rose due to rising geopolitical tensions in the Middle East, prompting market participants to keep a close watch on inflation data and potential changes i

Global Market: Foreign investors add $132 billion to US securities in May as equity demand stays strong

According to Reuters, the Treasury's monthly Treasury International Capital (TIC) report showed that net long-term purchases by foreign investors reached $1.33 trillion over the 12 months through May, reflecting sustained overseas demand for U.S. assets.

'We faltered, did not move quickly:' How IBM CEO Arvind Krishna's statement led to $70 billion wipeout

IBM shares rebounded nearly 2% in premarket trade after plunging 25% in their worst single-day fall in 58 years, wiping out nearly $70 billion in market value. The selloff was triggered by weaker-than-expected preliminary Q2 results and concerns that customers are shifting spending from IBM's traditional businesses to AI infrastructure.

NSE, Augmont partner to expand Electronic Gold Receipts ecosystem

NSE has partnered with Augmont Enterprises to expand the Electronic Gold Receipts (EGR) ecosystem, aiming to unlock India's vast household gold holdings. The initiative seeks to improve liquidity, enable exchange-traded ownership of physical gold, reduce import dependence and create a transparent, SEBI-regulated marketplace for the precious metal.

ICICI Pru Life Q1 Result: Net profit jumps 28% YoY to Rs 386 crore

ICICI Prudential Life Insurance reported a twenty-eight percent net profit increase. Net premium income rose to nine thousand seven hundred forty-nine crore rupees. New business premium grew by twenty-one percent, and policy numbers also increased. Total revenue reached twenty-eight thousand three hundred ninety-five crore rupees. The company proposed changing its name to ICICI Life Insurance Ltd.

Nifty Pharma jumps 14% YTD, outshines Nifty 50; is there more upside ahead?

The Nifty Pharma index has surged 14.53% YTD, outperforming the Nifty 50's 7.87% decline. Key drivers include improving earnings visibility and stable demand in domestic formulations, while geopolitical tensions and inflation concerns weigh on broader market sentiment.

Global Market: ASML raises 2026 outlook as AI boom drives strong earnings, plans capacity expansion

ASML raised its 2026 revenue guidance to €43-45 billion, up from €36-40 billion, after beating Q2 estimates on surging AI chipmaking demand, sending shares up 5.7% as the company plans a 30% capacity boost for its EUV systems over the next two years.

Market strategy: Kotak Equities adds TCS, SBI Life Insurance in model portfolio, raises weight on L&T

Market strategy: Both TCS and SBI Life have been assigned a weight of 150 basis points (bps) in the brokerage’s model portfolio. The brokerage, however, clarified that TCS's inclusion in the model portfolio should not be interpreted as a broader endorsement of the IT services sector.

Stripe, Advent make $53 billion takeover offer for PayPal, sending stock soaring

Stripe and Advent International have made a joint offer to acquire PayPal for $60.50 per share, in a deal that would valued at more than $53 billion.

Trump's attorney general nominee Todd Blanche faces Senate Judiciary questions

Todd Blanche previously served as a criminal defense lawyer for President Donald Trump.

Leveljump Healthcare reports FY results

India commits about $20B for chip, smartphone initiatives

Your Netflix bill is up 29% in just over a year. It’s time for Washington to step in.

Netflix is still a Wall Street favorite — and a target for government regulators

Avant Brands Inc. reports Q2 results

Warren Buffett tells CNBC he initiated Berkshire Hathaway's investment in Alphabet

Warren Buffett said he was the driving force behind the conglomerate's recent big investment in Alphabet.

Global Education Communities Corp. GAAP EPS of $0.01, revenue of $16.59M

My wife’s 2011 Ford Fiesta was totaled. Should we accept a $2,000 insurance settlement or give up the car for $2,700?

“The hood is bent, the radiator is cracked, and the front bumper is destroyed.”

Russell Investments Core Plus Fixed Income ETF declares CAD 0.075 dividend

Microsoft, Cloudflare among software companies to see price target changes at Mizuho

Gevo says 2026 adjusted EBITDA could more than double on carbon, production gains

We're buying more of Jim Cramer's favorite chip stock for the second time this week

We also added to our position on Monday.

US producer prices unexpectedly fall in June

Why Elevance Earnings Gave Health Insurance Stocks A Cold; UNH Up Next

IRS chief Frank Bisignano will lead Trump accounts expansion

The Treasury Department is putting a top official in charge of the new program as it enrolls millions of families.

Treasury yields are flat as traders weigh encouraging inflation data vs. oil rebound

Treasury yields were edged higher as investors awaited the latest producer price inflation print for June.

Wholesale prices unexpectedly declined 0.3% in June on big drop in gasoline

As with consumer prices, the index benefited from easing energy costs, particularly as oil fell due to the brief pause in tensions between the U.S. and Iran.

June PPI falls 0.3%, first drop in 10 months on lower gas prices

Warren Buffett on the market today: 'It's tough to find values when everybody is preferring gambling'

The investor has been sharply critical of the stock market, one that he says is increasingly defined by speculative trading as opposed to long-term investing.

American Express Raised Its Platinum Annual Fee to $895. Here's What the 29% Hike Means for Card-Fee Revenue.

Healthcare Bellwether J&J Beats And Raises, But Shares Dip

Mortgage applications drop as 30-year rate hits nearly year high

BlackRock's Fink Sees Market Strength, Momentum; Shares Jump

Stock Market Today: Dow Rises On Surprise Inflation Data; ASML Jumps On Earnings Report (Live Coverage)

This AI chipmaker is a double in three months. UBS sees more momentum ahead

Advanced Micro Devices is likely to appreciate further as its semiconductor chip businesses expand and attracts more customers, according to UBS.

Here are Wednesday's biggest analyst calls: Nvidia, SpaceX, Tesla, Cava, AMD, Palantir, Microsoft & more

Here are Wednesday's biggest calls on Wall Street.

This Wall Street ‘theme-o-meter’ has a clear message: The artificial-intelligence bull market is back

UBS says its top theme right now is that leadership for artificial-intelligence stocks is returning, and earnings season may prove how investors have been too pessimistic.

Analyst says selloff in this memory stock creates long-term buying opportunity

Why Is Walt Disney Stock Cheaper Than the S&P 500? This Is the Only Explanation.

Wholesale prices show first drop in almost a year on lower gas prices, but inflation still too high

Wholesale prices fell in June for the first time in 10 months largely due to lower gas prices, but it’s unclear if the recent slowdown in inflation will persist in light of renewed hostilities between the U.S. and Iran.

India-UK trade pact takes effect, cutting tariffs and boosting services trade

Americans say they need $1.2 million to retire comfortably, survey finds — but many expect to fall short

Just 30% of workplace retirement plan investors think they'll reach $1 million before retiring, a new survey finds. Here's what's getting in their way.

Bitcoin and ethereum prices today, Wednesday, July 15, 2026: Prices surge after softer inflation report

Buffett says Trump's pick of Kevin Warsh for Fed chair was 'good choice'

Warren Buffett believes Fed Chair Kevin Warsh will do the best job he can.

Electra signs production deal with Safran for turbogenerators

AI stock frenzy drives record revenue at Morgan Stanley, capping big bank earnings blowout

BlackRock profits jump as assets under management hit a record $15 trillion

Shares in the fund manager rise as company says its will boost quarterly buybacks to $550 million

Smartphone shipments hit 13-year low in Q2 as AI memory shortage hammers industry

PayPal Surges Amid Stripe, Private Equity Takeover Report. Lowball Offer?

Morgan Stanley posts record quarterly revenue and profit as equities trading surges 69%

Like at peers Goldman Sachs and JPMorgan Chase, a massive beat in equities trading drove the quarter's outsized results.

Kepler cuts Sandvik on slimmer valuation discount after share rally

Mortgage rates rise to highest level in nearly a year, causing homebuyers to pause

Mortgage rates moved higher last week, causing buyers to pull back, but refinancing did see small gains.

Why is Conagra Brands stock sliding today?

Vishay Intertechnology (VSH) Launches Compact Automotive-Grade High-Speed Optocoupler

Here is Why Ambiq (AMBQ) is One of the Best Performing Semiconductor Stocks to Invest In

STMicroelectronics (STM): Best Performing Semiconductor Stocks to Invest In

Arteris (AIP) Partners with IC-Link to Accelerate AI and HPC Chip Development

Is nLIGHT (LASR) One of the Best Performing Semiconductor Stocks to Invest In?

Himax (HIMX) Launches HE Series iToF Depth Decoder ICs for AI Vision and Robotics

SiTime (SITM) Finalizes Acquisition of Renesas Timing Business to Accelerate Growth

Allegro MicroSystems (ALGM) Debuts First ASIL-D-Certified PMIC for Braking Systems

Warren Buffett calls Bill Gates' actions with Epstein 'distasteful,' but people make mistakes

The Berkshire Hathaway chairman left out the Gates Foundation from his annual charitable stock gifts for the first time in 20 years.

BofA flags biggest financials inflows in over a decade ahead of earnings season

U.S. launches fresh wave of strikes on Iran, as analysts warn conflict risks becoming 'forever war'

Fighting in the Middle East has intensified in recent days, but could escalate further if Iran fails to cooperate, President Donald Trump said.

Skip the lettuce, cook your other greens and more advice on avoiding cyclosporiasis

The outbreak of cyclosporiasis, which causes diarrhea, has sickened about 6,700 people since May.

PayPal jumps on reported takeover bid, Aehr Test soars

Why is Lionsgate Studios stock surging today?

Direxion launches leveraged ETF to capitalize on SK Hynix AI momentum