Campus Activewear CFO Sanjay Chhabra resigns
INDIA MARKET | Sat, 13 Jun 2026, 1:31PM IST
Campus Activewear has announced the resignation of its Chief Financial Officer (CFO), Sanjay Chhabra, who has stepped down from his position due to personal reasons.
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Tata Trusts' Vijay Singh seeks probe into 1989 Tata Sons share transfer
INDIA BUSINESS | Sat, 13 Jun 2026, 1:29PM IST
Tata Trusts Vice Chairman has urged Maharashtra's charity commissioner to order an inquiry into the transfer of Tata Sons shares from the Navajbai Ratan Tata Trust to late industrialist Naval Tata
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Ashish Kacholia's picks: 12 stocks rally up to 130% in CY26, 3 turned multibaggers; 2 new Q4 bets
INDIA MARKET | Sat, 13 Jun 2026, 1:22PM IST
Ashish Kacholia's disclosed portfolio value rose 18% to around Rs 3,070 crore in the March 2026 quarter. While over half his holdings declined this year, several stocks delivered strong gains, including three multibaggers. He also added two new stocks.
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JSW Energy acquires MCCPL to strengthen thermal portfolio
INDIA BUSINESS | Sat, 13 Jun 2026, 1:14PM IST
JSW Energy is acquiring Maruti Clean Coal & Power Limited for Rs 1,410 crore. This move supports JSW Energy's goal of reaching 30GW capacity by 2030. The acquired company operates a 300 MW thermal plant in Chhattisgarh. This acquisition strengthens JSW Energy's thermal portfolio and cash flows. It also enhances regional thermal power operations.
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INDIA BUSINESS | Sat, 13 Jun 2026, 1:12PM IST
Reports of Indian sailors killed on the MT Liaki Freedom vessel are false. The Forward Seamen's Union of India and the Ministry of External Affairs confirmed all crew members are safe. Misinformation is causing tension among sailors and their families. The government is urged to establish better communication and verification systems for the merchant navy sector.
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Concurrent Gainers: 11 stocks gain for 5 straight sessions, rally up to 20%
INDIA MARKET | Sat, 13 Jun 2026, 1:09PM IST
Eleven stocks with market capitalisations above Rs 1,000 crore rose in each of the five trading sessions ending June 12, outperforming the broader market and delivering gains of up to 20%.
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Beer sales rise 10% in Delhi this May as popular brands regain shelf space
INDIA BUSINESS | Sat, 13 Jun 2026, 1:08PM IST
Beer sales in May surged by nearly 10% year-on-year in Delhi, fueled by the return of popular national brands to retail shelves. These national brands now command a 54% market share, a significant jump from previous years, while other brands saw their share decline. This increase aligns with the peak season for beer consumption due to rising temperatures.
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HDFC Flexi Cap Fund among 8 equity mutual funds that saw inflows of over Rs 1,000 crore in May
INDIA MUTUAL FUNDS | Sat, 13 Jun 2026, 12:57PM IST
Equity mutual funds continued attracting strong investor interest in May, with eight schemes receiving over Rs 1,000 crore each. HDFC Mid Cap Fund led inflows, while smallcap and midcap funds remained popular.
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IAF orders court of inquiry after AN-32 aircraft crashes in Assam's Jorhat
INDIA MARKET | Sat, 13 Jun 2026, 12:52PM IST
An Indian Air Force aeroplane, AN-32, has crashed while landing in Assam's Jorhat district on Saturday, a defence spokesperson said.
The incident occurred while the aircraft was landing at the IAF's airbase in the Rowriah area. Senior IAF officials ...
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Farm credit demand may stay strong in FY27
INDIA NEWS | Sat, 13 Jun 2026, 12:50PM IST
Demand for agricultural and rural credit is expected to remain strong in 2026-27, supported by higher input costs, wider Kisan Credit Card (KCC) coverage and increasing investments in allied activities, mechanisation and agricultural infrastructure, according to NABARD Deputy Managing Director Ajay Kumar Sood. Speaking to ANI, Sood said the demand for farm credit has grown significantly over the past decade and is expected to continue rising, although at a gradual pace. "Yes, it will definitely improve. We will see some steady improvement. As far as the latest figures are concerned, if I compare these figures since 2014-15, the agricultural credit disbursement was around Rs 8.5 lakh crore. Now, if I compare it with 2025-26, it's around Rs 30 lakh crore, which too is provisional. So it's expected to rise further," Sood told when asked whether demand for agricultural and rural credit is improving this financial year. On the outlook for the next financial year, he said, "For 2026-27 also, demand will be very resilient, though it may be a more gradual pace of growth. Growth is basically happening because it is driven by higher input costs, enhanced KCC coverage and rising credit absorption in allied activities, mechanisation and agri-infrastructure." Sood noted that the structure of agricultural lending is gradually changing, with a greater focus on long-term investment credit rather than short-term crop loans. "The composition of the credit itself is now evolving with a greater emphasis on investment-led term lending, which is reflecting a gradual shift from a short-term crop loan towards more capital formation in agriculture," he said. He added that the shift would improve the sector's ability to absorb credit and support long-term growth. At the same time, Sood cautioned that rising borrowing costs remain a challenge for farmers and other rural borrowers. "If I talk of the farmers, the farming community operates on a very thin margin, maybe 5-10 per cent. So even if there is a 100 basis point increase in interest rates, it can significantly erode their profitability. And that too, particularly for small and marginal farmers who form a major chunk of the operational holding, around 86 per cent are small and marginal farmers," he said. According to Sood, higher interest rates could also affect access to affordable credit for Self-Help Groups (SHGs) and impact the expansion plans of rural micro, small and medium enterprises (MSMEs). To support rural lending, NABARD extended around Rs 4.5 lakh crore in concessional refinance assistance and targeted short-term refinance products during 2025-26. "Through our refinance support, during 2025-26 itself, we have provided around Rs 4.5 lakh crore concessional refinance assistance and targeted short-term refinance products. We are providing this relatively lower-cost liquidity to the rural financial institutions, reducing their dependence on high-cost borrowings and enabling sustained lending to farmers, SHGs and rural MSMEs," he said. On concerns over global geopolitical tensions and their impact on agriculture, Sood said India is well-positioned to manage any potential disruptions arising from developments around the Strait of Hormuz. "The domestic buffer stocks of wheat and rice are robust. Food inflation was subdued in 2025-26. The government has assured fertilizer availability for Kharif 2026-27 through proactive sourcing from alternate origins. Urea prices remain unchanged and domestic LNG availability for fertilizer manufacturing has improved," he said. Sood added that any increase in fertilizer-related costs would have a limited impact on overall farm production expenses. "As far as fertilizer and irrigation are concerned, which are the two very important sources of the production cost, they only account for around 11 per cent of the total crop production cost. Therefore, limiting their input cost pressures from the Hormuz shock," he said. He also highlighted government initiatives such as the National Mission on Natural Farming, PM-KUSUM and the National Green Hydrogen Mission, saying they would help strengthen the farm sector's resilience against external shocks.
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Aurobindo Pharma's Eugia Unit-III receives OAI classification from USFDA
INDIA MARKET | Sat, 13 Jun 2026, 12:50PM IST
Aurobindo Pharma has announced that the United States Food and Drug Administration (USFDA) has classified its Eugia Unit-III manufacturing facility as "Official Action Indicated" (OAI) following an inspection conducted earlier this year.
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Parag Parikh Flexi Cap Fund : ITC, HDFC Bank and Cipla among stocks bought and sold in May
INDIA MUTUAL FUNDS | Sat, 13 Jun 2026, 12:45PM IST
Parag Parikh Flexi Cap Fund, India's largest active mutual fund, increased exposure to several banking and IT stocks in May, trimmed its holding in Cipla, and maintained a 14.77% cash allocation.
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Bitcoin holds near $64,000 as falling oil prices and US-Iran peace hopes lift risk sentiment
INDIA MARKET | Sat, 13 Jun 2026, 12:40PM IST
Bitcoin hovered near $64,000, buoyed by falling oil prices and optimism for a US-Iran peace deal, which lifted overall risk sentiment. While Bitcoin saw a slight gain, Ethereum experienced a minor dip. Major altcoins showed mixed performance, with some falling and others rising.
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Uday Kotak questions SpaceX valuation, says only time will tell if we're in mega bubble'
INDIA MARKET | Sat, 13 Jun 2026, 12:36PM IST
Uday Kotak described SpaceXs blockbuster IPO as a test for capitalism, questioning whether investors are backing humanitys future or fueling a massive bubble. His remarks came after the companys debut propelled Elon Musk to trillionaire status and lifted SpaceX into the worlds corporate elite.
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What crypto investors need to know for tax season 2026
INDIA MARKET | Sat, 13 Jun 2026, 12:28PM IST
India's tax season now demands greater scrutiny for crypto investors as enforcement intensifies. New reporting requirements, including transaction-by-transaction entries in Schedule VDA and cross-referencing with exchange data, are crucial. Failure to comply accurately can lead to significant penalties, making diligent record-keeping essential for all participants.
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'Want To Do Better': Pranit More Asks For Second Chance After Row Over 'Rs 370 Biryani' Video
INDIA MARKET | Sat, 13 Jun 2026, 12:28PM IST
The incident took place during crowd interaction at More's Gurugram show.
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India trails China in productivity race
INDIA NEWS | Sat, 13 Jun 2026, 12:27PM IST
New Delhi: India's labour productivity gap with China has widened by more than USD 30,000 per worker since 2000, despite decades of strong economic growth, with the country yet to achieve the industry-led productivity transformation seen in economies such as China, South Korea and Vietnam, according to an Equirus Securities research report. The report, titled "Labour Productivity in Emerging Economies: Catch-up, Innovation, and now AI", said India's GDP per worker has more than tripled since 1995, but productivity gains have lagged behind some of its Asian peers. "India's productivity gap with China has widened by over USD 30,000 per worker in absolute terms since 2000, despite decades of strong GDP growth. India and Bangladesh today sit at near-identical productivity levels," the report said. The report noted that while emerging market labour productivity has grown steadily over the past three decades, the current phase is marked by sharp divergence across countries. It identified Vietnam as the standout performer in the post-pandemic period, driven by manufacturing-led foreign investment, while India continues to face structural constraints. According to Equirus, India has "not yet executed the industry-led productivity leap that China, Korea, and Vietnam delivered in their high-growth phases." The report said India's labour productivity growth accelerated to 5.3 per cent annually in the 2000s on the back of the IT and services boom, but slowed to 3.4 per cent in the 2010s due to a series of economic disruptions. It pointed out that India's productivity performance suffered from "the demonetisation shock (2016), GST implementation disruption (2017), and NBFC liquidity crises" that weighed on the informal economy. The report also highlighted the severe impact of the pandemic on India's productivity. "India's COVID shock (-12.3% in 2020) was the sharpest in this dataset - a direct consequence of informal sector dependence, migrant labour exposure, and strict lockdowns," it said. While productivity growth has recovered in recent years, Equirus said the rebound remains uneven because India's most productive sectors account for a relatively small share of employment. "The services-manufacturing divide means India's headline productivity is highly uneven. If services are stripped out, productivity growth in goods-producing sectors has been far more modest," the report noted. It said schemes such as the Production Linked Incentive (PLI) programme and the China+1 investment shift are supporting growth in sectors including electronics, pharmaceuticals and auto components. However, these gains have not yet translated into a structural increase in manufacturing's contribution to the economy. "The PLI scheme and China+1 FDI thesis are real tailwinds - electronics, pharma, and auto components are showing genuine output gains. But manufacturing's share of GDP has not structurally risen," the report said. Equirus identified labour market rigidities and high logistics costs as key barriers to stronger productivity growth, noting that logistics costs remain around 13-14 per cent of GDP compared with 8-9 per cent in China. The report concluded that India's long-term fundamentals remain favourable due to its demographic profile, capital markets, foreign investment inflows and digital infrastructure. However, it cautioned that sustaining higher productivity growth would require deeper structural reforms beyond capital expenditure and incentive schemes. "The current administration's focus on capital expenditure and PLI is necessary but not sufficient - transportation costs, commodity pressures, land reforms; would be crucial to push the needle towards a high-productivity story akin to China," it said.
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FCNR(B): Revisiting a proven crisis management tool
INDIA MARKET | Sat, 13 Jun 2026, 12:21PM IST
Facing renewed external sector pressures, the RBI has revived a version of the FCNR(B) deposit framework to attract foreign currency inflows and support the rupee. While effective for near-term stability, experts say long-term resilience requires reducing structural vulnerabilities and import dependence.
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INDIA MARKET | Sat, 13 Jun 2026, 12:16PM IST
RBIs easing of foreign investment norms for government securities could attract substantial long-term capital inflows into Indias debt market, according to Invesco Mutual Fund. The reforms may deepen bond markets, support the rupee, improve liquidity and strengthen macroeconomic stability.
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Indobell Insulations secures domestic and export orders worth over Rs 5-cr
INDIA MARKET | Sat, 13 Jun 2026, 12:16PM IST
Indobell Insulations has announced the receipt of two new orders, including a domestic contract valued at Rs 5.10 crore and an export order worth $82,170, strengthening its order book despite recent financial challenges.
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IAF aircraft AN-32 crashes while landing at Assam's Jorhat airbase
INDIA MARKET | Sat, 13 Jun 2026, 12:09PM IST
The incident occurred while the aircraft was landing at the IAF's airbase in the Rowriah area
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Indian, South Asian fashion celebrated at curated event at NYC's Madison Avenue
INDIA BUSINESS | Sat, 13 Jun 2026, 12:09PM IST
Indian fashion's global ascent was celebrated in New York as designer Payal Singhal launched her collection at Pernia's Pop-Up Studio's new flagship store. A panel discussion highlighted the growing influence of South Asian culture and fashion, with experts noting a significant shift in global recognition and acceptance over the past two decades.
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SpaceX becomes world's 7th most valuable company after blockbuster market debut
INDIA MARKET | Sat, 13 Jun 2026, 12:07PM IST
SpaceXs record-breaking IPO debut lifted its valuation above $2 trillion, making it one of the worlds most valuable companies. Strong investor demand, heavy trading volumes and retail enthusiasm boosted Elon Musks fortune, despite the company remaining loss-making and heavily growth-driven.
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INDIA MARKET | Sat, 13 Jun 2026, 12:05PM IST
Indian wealthy investors are now looking beyond stocks for portfolio growth. A significant shift towards diversifying across various investment types and global markets is evident. The wealth management sector is actively developing the necessary tools and options. This trend signifies a structural change, offering investors a wider array of choices for their portfolios.
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FDA Issues Show-Cause Notice To Hindustan Antibiotics In Pimpri Over Critical Lapses
INDIA MARKET | Sat, 13 Jun 2026, 12:02PM IST
Prioritising citizen safety, regulators ordered an immediate halt to operations, completely shutting down the production of life-saving injections and saline.
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INDIA MARKET | Sat, 13 Jun 2026, 12:00PM IST
Citi executive Mickey Bhatia credits long walks, early mornings, reading and consistent routines for maintaining mental resilience during volatile market periods. He says stepping away from daily market noise enables strategic thinking, while discipline and experience help navigate uncertainty and stress.
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India vs Afghanistan Live Streaming: How To Watch IND vs AFG 1st ODI Live On TV And Online?
INDIA MARKET | Sat, 13 Jun 2026, 12:00PM IST
IND vs AFG ODI Series: India are scheduled to play 25 odd ODIs before the mega event, giving the team enough time to experiment with players and combinations.
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Mumbai High Tide Alert: BMC Issues Advisory For Citizens During Monsoon 2026
INDIA MARKET | Sat, 13 Jun 2026, 11:59AM IST
The civic body has urged residents to avoid going into the sea during high tide and bad weather conditions.
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RBL Bank taps HDFC veteran Bhavin Lakhpatwala as CFO
INDIA BUSINESS | Sat, 13 Jun 2026, 11:58AM IST
RBL Bank has appointed Bhavin Lakhpatwala as its new Chief Financial Officer. Lakhpatwala joins from HDFC Bank, bringing over 25 years of finance experience. This appointment fills a vacant position and comes as Emirates NBD moves to acquire a controlling stake. The new CFO is expected to guide the bank through its ownership transition and future growth phase.
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Delhi Power Consumers To Face Additional Charge, But Relief For Those Using 200-500 Units
INDIA MARKET | Sat, 13 Jun 2026, 11:56AM IST
Consumers receiving Delhi government electricity subsidies for usage of up to 200-500 units will not face any additional financial burden.
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IMD Monsoon Forecast: Rain Alert In Delhi, Hyderabad, Kolkata
INDIA MARKET | Sat, 13 Jun 2026, 11:53AM IST
Yellow alerts have been sounded for major urban centres, including Delhi, Kolkata, and Hyderabad.
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DRDO validates ICBM interception capability, tests new anti-ship missile
INDIA MARKET | Sat, 13 Jun 2026, 11:50AM IST
DRDO successfully flight-tested two next-generation ballistic missile defence interceptors and a medium-range naval anti-ship missile, strengthening India's strategic deterrence capabilities
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JSW Energy to acquire 300 MW thermal power project in Chhattisgarh
INDIA MARKET | Sat, 13 Jun 2026, 11:50AM IST
Upon consummation of the transaction, MCCPL will become a wholly-owned subsidiary of the Company.
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HDFC Defence Fund adds Tata Motors, reduces exposure in MTAR Technologies and 1 other in May
INDIA MUTUAL FUNDS | Sat, 13 Jun 2026, 11:49AM IST
HDFC Defence Fund added Tata Motors to its portfolio in May while trimming holdings in MTAR Technologies and Rishabh Instruments. The fund increased exposure to key defence-linked stocks, including Bharat Electronics, Bharat Forge, Bharat Dynamics and Mazagon Dock, reflecting sector-focused conviction
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INDIA MARKET | Sat, 13 Jun 2026, 11:44AM IST
Four Vedanta entities are set to list on stock exchanges on Monday, June 15, following a mega demerger. Vedanta Aluminium is expected to debut with a market cap of Rs 1.74 lakh crore, potentially surpassing its parent company. The demerged companies will initially trade in the Trade-to-Trade segment.
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Emirates to air all World Cup matches
INDIA NEWS | Sat, 13 Jun 2026, 11:41AM IST
Emirates has announced that passengers will be able to watch every match of the FIFA World Cup 2026 live onboard its flights through the airline's dedicated sports channel, Sport 24 on ice.The airline said coverage will begin with the tournament's opening ceremony in Mexico on June 11 and continue through to the final in the United States on July 19. The service will allow travellers to follow the action live during their journeys, ensuring they do not miss any part of the tournament.According to Emirates, the full schedule of FIFA World Cup 2026 broadcasts will be available in the June edition of its ice magazine, helping passengers plan their travel around key matches. The live coverage will be available through Sport 24 and Sport 24 Extra, which are offered on most Emirates flights, although availability may vary depending on aircraft type and route.ALSO READ: FIFA 2026 is so much more than footballThe airline also said FIFA World Cup matches will be shown, where possible, in Emirates Lounges in Dubai.More live sports to be available onboard and in Dubai loungesThe move comes as the FIFA World Cup 2026, one of the world's most watched sporting events, gets underway across North America. Emirates said the live broadcasts aim to help passengers stay connected to the tournament while travelling.ALSO READ: Empty seats at World Cup match renews concerns over ticket prices"Sport24 on ice is offering the full schedule of matches onboard. Bringing together fans from every nation and creating moments that transcend borders, passengers can follow the action live at 40,000 feet, ensuring they never miss a goal, a celebration, or a defining moment of the competition," Emirates said.Beyond football, Emirates will continue to offer live coverage of other major sporting events. From June 4 to June 20, Sport 24 and Sport 24 Extra will broadcast the NBA Finals. The airline will also screen the Canada Sail Grand Prix from Halifax Harbour, Nova Scotia, on June 20 and 21, along with the Formula 1 Belgian Grand Prix on July 19 and the Formula 1 Hungarian Grand Prix on July 26.
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Hexaware Technologies opens delivery center at GIFT City
INDIA MARKET | Sat, 13 Jun 2026, 11:31AM IST
Hexaware Technologies
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Affle 3i inks deal to acquire AdColony SDKs to strengthen its consumer platform biz
INDIA MARKET | Sat, 13 Jun 2026, 11:31AM IST
As part of the transaction, all the strategic Assets, including the AdColony SDK for iOS and Android devices, tech platform, existing integration with in-app publishers and mediation platforms, the brand name, domain and the goodwill exclusively related to Assets, will be acquired by AMEA (Asset Purchase).
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Wall Street ends higher as SpaceX's market debut dominates
INDIA BUSINESS | Sat, 13 Jun 2026, 11:30AM IST
Market participants were glued to shares of Elon Musks SpaceX, which began trading on the Nasdaq on June 12. Its shares closed up 19.2% at $160.95, well above the IPO price of $135 apiece. Its market capitalisation was last at $2.1 trillion
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India prepares to send oil tankers via Hormuz for new supply as war eases
INDIA MARKET | Sat, 13 Jun 2026, 11:29AM IST
State-owned Shipping Corp. of India is ready to go back to the Persian Gulf once it has approval from the Indian Navy and it has business from oil refiners
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