HDB Financial Services made a strong debut on the stock exchanges on Wednesday, with its shares listing at Rs 835- a 12.84 per cent premium over the issue price of Rs 740. The stock opened higher by Rs 95 on both the NSE and BSE, reflecting solid investor interest following a heavily subscribed IPO. As…
This is an AI-generated image, used for representational purposes only. Kharif sowing is off to a robust start this year, registering an 11.3 per cent year-on-year (YoY) increase as of June-end, driven by a sharp jump in rice and pulses acreage, according to a recent report by ICICI Bank. The surge in sowing is expected…
Representative image (Picture credit: AP) Asian equities edged lower on Wednesday while the dollar hovered near multi-year lows, as investor focus turned to the likelihood of US interest rate cuts and President Donald Trump’s looming July 9 deadline for new trade tariffs. Meanwhile, oil prices held steady ahead of a key OPEC+ meeting this week.According…
Mumbai: UPI transactions in June 2025 rose 32% year-on-year in volume and 20% in value, clocking 1,840 crore worth Rs 24 lakh crore. However, on a month-on-month basis, volumes dipped from 1,868 crore in May to 1,840 crore, and transaction value declined from Rs 25 lakh crore to Rs 24 lakh crore. The average daily…
NEW DELHI: The total sown area for Kharif crops has increased by 11.3% year-on-year as of June 27, 2025, aided by an active southwest monsoon and robust rainfall, according to a report by Bank of Baroda. Rainfall was recorded at 9% above the Long Period Average (LPA) till June 30.The report said the increase in…
Tesla shares fell sharply on Tuesday as the increasingly bitter feud between CEO Elon Musk and US President Donald Trump flared into the open once again, sparking concerns about potential political retaliation against Musk’s businesses and further spooking investors.Shares of Tesla, already down more than 20% in 2025 amid weakening demand and growing backlash against…
MUMBAI: Shadowfax has filed draft IPO papers with markets regulator Sebi through the confidential filing route. The company is seeking to raise up to Rs 2,000-2,500 crore comprising a mix of fresh issue of shares and offer for sale (OFS) by existing shareholders, sources said. The Flipkart and TPG backed logistics startup which was last…
IndiGo, India’s largest airline by market share, has launched its first direct long-haul service between Mumbai and Manchester, marking a significant milestone in its international expansion strategy. The thrice-weekly flights will operate using Boeing 787-9 Dreamliner aircraft under a damp lease agreement with Norse Atlantic Airways, the company said Tuesday.The new route signals IndiGo’s entry…
Hero Motors IPO: Hero Motors has refiled its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) with an increased issue size of Rs 1,200 crore. The revised IPO will consist of a fresh issue of equity shares worth up to Rs 800 crore…
The Reserve Bank of India (RBI) has appointed Kesavan Ramachandran as Executive Director (ED) with effect from July 1, 2025, the central bank said in an official release on Tuesday.Before his promotion, Ramachandran was serving as Principal Chief General Manager in the Risk Monitoring Department. As Executive Director, he will now look after the Department…