SBI Funds pays razor-thin banker fees on top India IPO of 2026
INDIA MARKET | Tue, 21 Jul 2026, 6:00AM IST
Investment banks managing SBI Funds Management's IPO will receive minimal fees. These managers will split fees of 46.25 million, a fraction of the deal value. This payout is significantly lower than rival ICICI Prudential Asset Management's offering. Several Wall Street firms declined roles due to the low compensation. SBI Funds Management is India's largest asset manager.
Continue reading at Economic Times
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Private banks go for a tumble on D-St after Q1 stumble
INDIA MARKET | Tue, 21 Jul 2026, 5:53AM IST
Most private lender stocks declined Monday after first-quarter earnings showed profitability pressures. Axis Bank and HDFC Bank saw significant drops, while ICICI Bank gained. Analysts noted margin compression as a key factor affecting banking stocks. Foreign investors returned to financials after substantial withdrawals earlier in the year. ICICI Bank remains a top pick among leading private sector lenders.
Continue reading at Economic Times
29m
First Bell: SBI Funds' investors in line for 10-15% listing pop
INDIA MARKET | Tue, 21 Jul 2026, 5:49AM IST
SBI Funds Management's stock is anticipated to debut at a premium of ten to fifteen percent. The company's initial public offering was subscribed over forty-one times on its final day. Analysts suggest investors can book profits or hold shares for long-term gains. The IPO price valued SBI Funds Management at over one lakh crore rupees. This listing is expected to narrow the valuation gap with its listed peers.
Continue reading at Economic Times
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Trying to time the market? Missing the best trading days can dent returns
INDIA MUTUAL FUNDS | Tue, 21 Jul 2026, 5:44AM IST
Staying invested throughout market cycles yields the highest returns for investors. Missing just fifty strong trading days drastically reduces Nifty 50 returns to 0.89 percent. Missing thirty best trading days improved returns to 4.59 percent for the Nifty 50. Missing ten best trading days boosted Nifty 50 returns to 9.67 percent. Market timing requires two correct decisions, which is difficult for investors.
Continue reading at Economic Times
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Rupee hits two-month low despite RBI intervention as crude oil surge weighs
INDIA CURRENCY | Tue, 21 Jul 2026, 5:31AM IST
The Indian rupee fell to a two-month low against the dollar on Monday. This decline occurred despite significant interventions by the central bank. Rising crude oil prices are fueling inflation concerns across the economy. The market anticipates continued volatility influenced by oil and dollar strength. The Reserve Bank of India is expected to intervene further to support the rupee.
Continue reading at Economic Times
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Qcomm leverages cart clout to draw higher margins from cos
INDIA BUSINESS | Tue, 21 Jul 2026, 5:30AM IST
Quick commerce platforms are increasing demands for higher margins and marketing funds. Consumer goods companies face rising costs for better product visibility and keyword searches. These platforms are now adopting auction-style bidding for marketing activities. This shift pressures companies to invest more for prominent placement and sales. Reliance Retail is renegotiating terms by combining grocery stores and its quick commerce platform.
Continue reading at Economic Times
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India's private banks draw thinner margins on tepid credit growth
INDIA BUSINESS | Tue, 21 Jul 2026, 5:00AM IST
Top private sector banks reported weaker net interest margins (NIMs) in the June quarter as sluggish retail loan demand pushed them towards lower-yielding corporate loans. HDFC Bank's NIM fell to 3.26%, Kotak Mahindra Bank's dropped to a 19-quarter low of 4.53%, while Axis Bank's stood at 3.46%.
Continue reading at Economic Times
1h
Trump to Impose 50% Tariff on Many Canadian Goods
GLOBAL NEWS | Tue, 21 Jul 2026, 2:30AM IST
The administration will use an untested legal provision to put significant duties on Canadian exports, reigniting a clash with one of Americas biggest trading partners.
Continue reading at The New York Times
3h
US stocks today: S&P 500 edges down with Iran and earnings season in focus
INDIA MARKET | Tue, 21 Jul 2026, 1:34AM IST
U.S. stocks closed slightly lower as investors balanced Middle East tensions with optimism around upcoming tech earnings. Markets remained cautious amid US-Iran developments and oil supply concerns, while attention shifts to results from major firms like Alphabet and Intel, expected to shape sentiment on corporate health and future growth outlook.
Continue reading at Economic Times
4h
Will carefully weigh funding requests from Air India: SIA
INDIA BUSINESS | Tue, 21 Jul 2026, 1:03AM IST
The Singapore Airlines board is set to deliberate on Air India's appeals for capital, with particular attention to investor concerns regarding potential losses. Air India has recently announced significant fiscal year losses, prompting SIA to stress that its investment is vital for its India growth strategy. A disciplined evaluation process will guide their capital allocation decisions, aiming for long-term sustainability in operations.
Continue reading at Economic Times
5h
Non-Metro creators lead in numbers, lag in income
INDIA BUSINESS | Tue, 21 Jul 2026, 12:58AM IST
In 2025, a remarkable sixty-six percent of India's digital creators will emerge from non-metro regions. However, many of these creators struggle financially, often earning below the average urban salary. The majority, classified as nano and micro-creators, account for over eighty percent of this group. Their earning potential is heavily affected by low audience purchasing power, subpar content quality, and limited access to agency representation.
Continue reading at Economic Times
5h
Pilots' association urges govt to suspend flights to UAE, other high-risk Gulf destinations
INDIA BUSINESS | Tue, 21 Jul 2026, 12:43AM IST
Indian pilots urged suspending flights to the UAE and Gulf nations. They cited worsening security and explicit threats to Dubai and Abu Dhabi. Military escalation in the region heightens civil aviation operational risks. Geopolitical tensions disrupt global aviation and force flight rerouting. Concerns over missile attacks and airspace closures are significant.
Continue reading at Economic Times
5h
FCNR scheme: Withholding tax fear haunts US, Singapore NRIs
INDIA MARKET | Tue, 21 Jul 2026, 12:40AM IST
Non-resident Indians residing in Singapore and the United States are expressing significant concerns over withholding taxes. These taxes threaten to diminish their net returns from leveraging FCNR deposit schemes. For instance, borrowing from Indian banks' GIFT City branches triggers Singapore withholding tax, while US-resident NRIs encounter elevated withholding taxes on loan interest payments. Moreover, US tax regulations mandate the reporting of foreign income and assets.
Continue reading at Economic Times
5h
Godrej Agro to expand oil palm area to 1.4 lakh hectares, bets on rising demand
INDIA BUSINESS | Tue, 21 Jul 2026, 12:37AM IST
Edible oil prices are expected to stay elevated for several months ahead. Geopolitical tensions and El Nino threats are tightening global supplies significantly. Indonesia's biodiesel push further reduces palm oil available for export markets. India's festive season demand will also contribute to strengthening edible oil prices. Domestic oil palm cultivation expansion aims to reduce import dependence.
Continue reading at Economic Times
5h
India's outward FDI drops 48% to $3 billion in June
INDIA MARKET | Tue, 21 Jul 2026, 12:22AM IST
Outward foreign direct investment commitments dropped by 48 percent in June. Equity commitments also saw a substantial decrease compared to the previous year. Debt and guarantee issuances by Indian entities overseas also declined during the month. These provisional figures were released by the Reserve Bank of India. ONGC Videsh Rovuma made the largest equity investment in Mozambique.
Continue reading at Economic Times
6h
RIL sees better global refining margins despite oilfield attacks
INDIA BUSINESS | Tue, 21 Jul 2026, 12:12AM IST
Reliance Industries anticipates stronger global refining margins in upcoming quarters. Structural capacity losses in Russia and the Middle East support this positive outlook. Near-term oil sourcing remains uncertain due to escalating Iran tensions and Strait of Hormuz issues. China's limited return to the import market has helped stabilize crude prices recently. The company expects a rebound in oil demand next year as conditions normalize.
Continue reading at Economic Times
6h
LNG consumption declines 6.5%on costly import, lower output
INDIA BUSINESS | Tue, 21 Jul 2026, 12:06AM IST
India's natural gas usage saw a notable drop during the April to June quarter, attributed to soaring global LNG prices and a decline in local production. Import volumes decreased significantly as the elevated spot prices rendered them inaccessible for numerous clients. Furthermore, domestic output faced challenges due to reduced activity in crucial fields, while the Iran conflict further strained supplies, forcing reliance on costly alternatives.
Continue reading at Economic Times
6h
HCLTech CEO & MD C Vijayakumar's salary jumps 67% to $18.1 million
INDIA BUSINESS | Tue, 21 Jul 2026, 12:04AM IST
The latest package kept him as the highest-earning CEO among Indian IT services companies
Continue reading at Business Standard
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