Waterways Leisure Tourism IPO opens for subscription today. Should you subscribe?
INDIA MARKET | Tue, 23 Jun 2026, 7:56AM IST
The IPO is entirely a fresh issue worth Rs 585 crore, with no offer-for-sale component. The company has fixed a price band of Rs 769-808 per share, and investors can bid for 18 shares in one lot and in multiples thereafter. The shares are proposed to be listed on both the BSE and NSE on July 1.
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Shreedhar Spinners IPO: Check GMP, subscription, price band and other details
INDIA MARKET | Tue, 23 Jun 2026, 7:53AM IST
The NSE SME issue will remain open for bidding till June 25. The company aims to raise Rs 30.68 crore through an entirely fresh issue of 57.88 lakh shares. The price band has been fixed at Rs 51-53 per share, and the shares are scheduled to list on the NSE SME platform on July 1.
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Advit Jewels IPO opens today. Check brokerages review, GMP, subscription and other details
INDIA MARKET | Tue, 23 Jun 2026, 7:45AM IST
The SME IPO is being offered at a fixed price of Rs 138 per share and will remain open for subscription from June 23 to June 25. The shares are proposed to be listed on the BSE SME platform on July 1.
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Stock Market LIVE: GIFT Nifty signals tepid open; Asia markets decline; Brent crude above $78
INDIA MARKET | Tue, 23 Jun 2026, 7:40AM IST
Sensex Today | Stock Market LIVE Updates, June 23: The GIFT Nifty indicated a tepid open for the Nifty50 index. Most Asian markets declined, tracking overnight losses on Wall Street
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INDIA MARKET | Tue, 23 Jun 2026, 7:37AM IST
Bajaj Auto fixed June 24 (Wednesday) as the record date for its Rs 5,633 crore share buyback. Only those shareholders who own the shares of the company in their demat accounts as on the record date will be eligible to tender shares.
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Bonus bonanza! Last day to buy these two stocks for 10:1 & 5:1 bonus rewards. Do you own?
INDIA MARKET | Tue, 23 Jun 2026, 7:32AM IST
Only shareholders who hold the shares in their demat accounts as of Wednesday will be eligible to receive the bonus shares
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US to host weapons cos amid stockpile worry
INDIA NEWS | Tue, 23 Jun 2026, 7:32AM IST
The White House is set to host a meeting of US defense contractors this week to push for more robust munitions production as weapon stockpiles go under strain after nearly four months of war with Iran, as reported by Bloomberg.US President Donald Trump acknowledged the key defence meeting, which a White House official earlier said would take place on Wednesday.Also read:Pentagon seeks $80 billion from Congress for Iran warWere really in a big strong economic push to do the weapons, and some of the car companies, if they have any excess capacity, theyre making a deal to build missiles, and the Patriot in particular, Trump told reporters Monday at the White House. We have quite a few of them, but we want to make sure we have always a lot of them.RTX Corp is among the companies expected to attend the key discussions with the Trump administration, people familiar with the matter told Bloomberg. Meanwhile, Lockheed Martin Corp. has also referred questions to the White House.Spokespeople for RTX and L3Harris Corp. declined to comment to Bloomberg's requests. A spokesperson for Boeing Co. also declined to comment on the development.Last week, Bloomberg reported that General Motors Co. has held discussions with RTX and other defense contractors about helping the weapons makers increase production, with the potential partnerships involving work similar to the automakers agreement with Lockheed Martin.I know General Motors is all excited about building weapons, Trump confirmed on Monday. Now they have some plants, which theyre going to switch over, were going to build weapons, including the Patriot, including the Tomahawk, and lots of other things.Also read: China hits back at US sanctions on tech giants, restricts exports to 10 American defense firmsThe US President has urged defense contractors to constantly produce more made-in-America weapons, White House spokeswoman Anna Kelly said in a statement.She further added that the US military has more than enough munitions, ammo, and stockpiles to serve all of President Trumps strategic goals and beyond.The US government has accelerated efforts to boost defence production, as Trump last week invoked the Defense Production Act in his order for Defense Secretary Pete Hegseth to make voluntary agreements and plans of action. The move aims to address the depleted US defense industrial capacity.He cited systemic constraints in the munitions industrial base in deploying the Cold War-era law.The US administration in January issued an executive order barring defense contractors from issuing dividends or conducting stock buybacks demanding that they focus on increasing weapons production.Following a March gathering with the arms producers, Trump announced the companies had agreed to quadruple manufacturing of what he called exquisite class weaponry.Also read: 'I will do what I have to do' if Iran does not stick to deal: Trump"We just concluded a very good meeting with the largest US Defense Manufacturing Companies where we discussed Production and Production Schedules," he said as key discussions concluded."We have a virtually unlimited supply of Medium and Upper Medium Grade Munitions, which we are using, as an example, in Iran, and recently used in Venezuela. Regardless, however, we have also increased Orders at these levels," he added.Trump said that defence firms representatives who participated in the meeting included the CEOs of BAE Systems, Boeing, Honeywell Aerospace, L3Harris Missile Solutions, Lockheed Martin, Northrop Grumman, and Raytheon.
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Positive Breakout: These 9 stocks cross above their 200 DMAs
INDIA MARKET | Tue, 23 Jun 2026, 7:23AM IST
As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.
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Gold steady as investors focus on US-Iran peace talks
INDIA COMMODITIES | Tue, 23 Jun 2026, 7:17AM IST
Gold prices held steady as U.S.-Iran peace talks progressed, offering a glimmer of regional stability. However, escalating expectations of a December Federal Reserve interest rate hike cast a shadow over the precious metal. Traders are now betting heavily on a rate increase, influencing market sentiment. Other precious metals saw mixed movements.
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Stocks in news: TCS, JSW Infra, Craftsman Automation, IIFL Finance, Transrail Lighting
INDIA MARKET | Tue, 23 Jun 2026, 6:43AM IST
Indian markets showed a positive trend on Monday, recovering some of Friday's dips, buoyed by global sentiment and strong performance in the banking sector. Several companies are making headlines: JSW Infrastructure is raising funds for expansion, TCS will announce its quarterly results and a potential interim dividend, and Craftsman Automation's promoter plans a stake sale.
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Global Market Today: Asian stocks dip at open as oil edges higher
INDIA MARKET | Tue, 23 Jun 2026, 6:39AM IST
Asian markets opened lower as oil prices inched up, with investors closely monitoring US-Iran peace talks. Despite positive initial reports on negotiations, conflicting statements from both sides have created uncertainty. Concerns are also mounting over the sustainability of the AI rally, with significant drops in tech stocks like SpaceX, as companies engage in massive borrowing for AI initiatives.
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Wall Street Highlights: S&P 500, Nasdaq Fall as SpaceX's Rout Offsets US-Iran Hopes
INDIA MARKET | Tue, 23 Jun 2026, 6:35AM IST
A 16% plunge in SpaceX sent the shares to the lowest since their first day of trading.
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Indias IPO megadeals will test jittery retail investors
INDIA MARKET | Tue, 23 Jun 2026, 6:34AM IST
India anticipates two massive IPOs: the National Stock Exchange and Mukesh Ambani's Jio Platforms. Local investor sentiment is crucial, especially after a sluggish market and a depreciating rupee. While both companies boast strong market positions, Jio's fresh capital raise contrasts with the NSE's offer-for-sale. The success of these listings hinges on attracting retail buyers and ensuring fair pricing, impacting global investors and Ambani's future ventures.
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Stock Market Today: All You Need To Know Going Into Trade On July 23
INDIA MARKET | Tue, 23 Jun 2026, 6:34AM IST
Indian equity benchmarks resumed gains after a blip in Friday's trade.
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Asian Markets Today: Kospi, Nikkei Decline As Oil Prices Rise Amid U.S.-Iran Uncertainty
INDIA MARKET | Tue, 23 Jun 2026, 6:31AM IST
Investors tracked developments between Washington and Tehran while higher crude prices weighed on sentiment across the region.
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SpaceX falls for third day, erases $600 billion in market value
INDIA MARKET | Tue, 23 Jun 2026, 6:30AM IST
SpaceX shares have seen a significant drop, losing hundreds of billions in value over three days. This decline follows the company's announcement of its first investment-grade bond sale, signaling a major borrowing effort to fuel its artificial intelligence initiatives. Despite the recent dip, the stock remains above its IPO price, with strong retail investor interest noted. Analysts suggest the company's future growth potential is already factored into its current valuation.
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Brent Crude Trades Around $78 After Iran Gets Oil Sales Waiver As Peace Talks Advance
INDIA MARKET | Tue, 23 Jun 2026, 6:28AM IST
Brent crude traded near $78 a barrel after falling more than 3% in the previous session, while West Texas Intermediate hovered above $74.
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Sony plans its first dollar-bond sale in nearly three decades
INDIA MARKET | Tue, 23 Jun 2026, 6:25AM IST
Sony is making a significant return to the US investment-grade bond market after nearly three decades, with plans for a multi-billion dollar offering. This move comes as companies rush to secure funding amidst expectations of potential interest rate hikes by the Federal Reserve. The tech giant's decision also reflects a broader trend of Japanese firms seeking dollar-denominated debt as domestic rates rise.
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Four arrested in Lucknow fire tragedy
INDIA NEWS | Tue, 23 Jun 2026, 6:22AM IST
Lucknow, Four individuals have been arrested in connection with a fire incident at a commercial building in the Aliganj area of Lucknow, which resulted in the deaths of 15 people, police said on Monday night.Officials said the accused are joint owners of the building.An FIR has been filed at the Aliganj police station under relevant sections of the Bharatiya Nyaya Sanhita (BNS) and the Uttar Pradesh Fire and Emergency Services Act against six named individuals and others, police said.Those arrested have been identified as Ram Krishna Upadhyay (43), a resident of Sector-D, Aliganj; Virendra Prasad Shukla (62), a resident of Sitapur Road area; and Tushar Krishna Jaiswal (31), a resident of Balaganj area, they said.The fourth accused has been identified as Suresh Kumar Sahu, a resident of Keshavnagar (Lucknow), police said.The FIR has been lodged under BNS Sections 110 (attempt to commit culpable homicide), 105 (culpable homicide not amounting to murder), 125 (rash or negligent act that endangers human life) and under provisions of the UP Fire and Emergency Services Act.It has been alleged that the building was approved for residential use but was being illegally utilised for commercial activities.Aliganj ACP Shashi Prakash Mishra informed PTI that the allegations are under investigation, and appropriate action will be taken.Further legal proceedings are underway, the police said.The fire broke out at a three-storey commercial building in Aliganj on Monday afternoon, killing 15 people and injuring several others. The building housed an animation centre where students had gathered, as well as a pet shop and a clinic on the lower floors.
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NARCL to expand beyond government guarantee model
INDIA MARKET | Tue, 23 Jun 2026, 6:22AM IST
India's state-backed bad bank, NARCL, is set to broaden its acquisition strategy, moving beyond government-guaranteed deals. This expansion into the stressed asset market will include smaller loan portfolios. With improved recovery rates across the industry, NARCL aims to acquire a larger volume of distressed assets, targeting 2 lakh crore by March 2026, and may offer more flexible deal structures.
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Should long term investors bet on Waterways Leisure IPO?
INDIA MARKET | Tue, 23 Jun 2026, 6:18AM IST
Ocean cruise operator Waterways Leisure Tourism is set to raise 585 crore for expansion and lease payments. Despite operating a single vessel, the company plans to add two more, aiming to boost capacity. However, recent financial reports show declining revenue and profits, with a significant increase in passenger attrition and dependence on Mumbai as a key port. Investors are advised to await financial clarity due to these concerns.
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Trump calls for powerful quantum computer
INDIA NEWS | Tue, 23 Jun 2026, 6:10AM IST
WASHINGTON, - U.S. President Donald Trump on Monday ordered a push to build a powerful quantum computer for scientific research and speed efforts to protect government systems from related cyber threats, bolstering U.S. efforts in its race with China for a technology that could upend science and cybersecurity."We believe this can happen by 2028," Michael Kratsios, director of the White House Office of Science and Technology Policy, said in a call previewing the moves and referring to the quantum computer.Trump signed two executive orders, one of which seeks to protect government computers against quantum computer-fueled cyberattacks by setting a goal of migrating key government computing systems to post-quantum cryptography by 2030 or 2031.Quantum computers use the laws of quantum physics to process information in ways that can solve certain complex problems far faster than even today's supercomputers. They could unscramble the encryption that protects computers from hacking, raising fears of aggressive cyberattacks. The orders underscore the importance the Trump administration places on securing U.S. leadership in the quantum race against China - which could fuel advances in artificial intelligence, materials science and chemistry - while also protecting against the cybersecurity threats posed by the technology.The order also calls for the Pentagon to deploy quantum sensors by 2028. Such sensors can help aircraft navigate in war zones where global positioning systems have been disrupted and, when put in satellites, could also be used to detect underground activity such as the construction of tunnels or missile silos from space."There's lots of interesting things quantum sensing can bring before quantum computing," said Matthew Kinsella, CEO of Infleqtion, who attended the signing of the order in the Oval Office. "It's possible to meet these types of timelines." Last month, the Commerce Department announced it would take $2 billion in equity stakes across nine quantum-computing companies, including a new IBM venture.One of the orders also aims to strengthen international cooperation on intellectual property protections and supply chain security measures "in light of competitors and adversaries looking to undermine U.S. economic and national security," Kratsios said.Another measure included in the package instructs agencies to develop plans for deploying quantum-enabled sensors and networks in the next five years.
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Oil gains after selloff, awaits progress on Strait of Hormuz flows
INDIA COMMODITIES | Tue, 23 Jun 2026, 6:09AM IST
Oil prices saw a slight rebound Tuesday, recovering from Monday's sharp decline. This uptick follows tempered optimism surrounding U.S.-Iran peace talks and a potential easing of tensions in the Strait of Hormuz. Investors are cautiously awaiting concrete signs of restored crude flow through the vital waterway, with market skepticism remaining due to deep-seated mistrust between the nations. Recent tanker movements suggest a gradual normalization of traffic.
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Binance tightens rules for India users, falls in line
INDIA MARKET | Tue, 23 Jun 2026, 5:58AM IST
Binance, the world's largest crypto exchange, is now requiring Indian users to provide more details for every crypto deposit and withdrawal. This move aims to enhance transaction traceability and address concerns from regulators about potential misuse of virtual digital assets for circumventing foreign exchange rules. The new procedures, effective June 22, 2026, demand information on both originators and beneficiaries, creating a clearer audit trail for cross-border crypto flows.
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Former US Fed chairman Alan Greenspan passes away at 100
INDIA MARKET | Tue, 23 Jun 2026, 5:48AM IST
Alan Greenspan, former US Federal Reserve chief, has passed away at 100. He steered the American economy through significant events like the 1987 stock market crash and the dot-com bust. While lauded for his steady leadership during economic expansions, he faced criticism for not curbing market excesses before the 2008 financial crisis. Greenspan's tenure saw him serve under four presidents, earning him accolades as a remarkable central banker.
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Investors expecting 15-20% returns may be disappointed: Rajeev Thakkar
INDIA MARKET | Tue, 23 Jun 2026, 5:42AM IST
Investors should brace for lower nominal equity returns, according to PPFAS Mutual Fund's Rajeev Thakkar. While some market excesses have eased, frothy segments still require correction. Thakkar highlights risks in highly competitive sectors like food delivery and discount broking, and defends his fund's cash holdings as a permissible strategy. He also advocates for global diversification to reduce portfolio risk, noting the shifting performance of international markets.
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Kirloskar Oil hits the upper circuit, but upside may be limited here on
INDIA MARKET | Tue, 23 Jun 2026, 5:38AM IST
Kirloskar Oil Engines shares surged to their daily limit following a substantial order from data-centre firm HyperNext for 192 megawatts of power systems. Analysts see this deal as a significant validation of the company's capabilities, potentially boosting its market share in high-horsepower segments. While near-term gains might be tempered by the recent rally, the stock remains a promising investment with analysts maintaining 'Buy' ratings and revised price targets.
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RIL's call to list Jio Platforms could unlock up to 35% value
INDIA MARKET | Tue, 23 Jun 2026, 5:34AM IST
Reliance Industries shares surged as investors anticipate significant value from the upcoming Jio Platforms IPO, alongside advancements in AI and new energy ventures. Brokerages foresee substantial stock upside, with the Jio IPO expected to offer clearer insights into its growth and profitability. The company's ambitious plans, including an AI plant and scaling new energy, are fueling optimism for continued growth.
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INDIA MARKET | Tue, 23 Jun 2026, 5:32AM IST
Tom Brady correctly identified Virat Kohli as the third most-followed athlete on Instagram during an appearance on the Stick to Football podcast.
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France vs Iraq FIFA World Cup 2026 Match Suspended Due To Thunderstorm Warning In Philadelphia
INDIA MARKET | Tue, 23 Jun 2026, 4:30AM IST
Kylian Mbappe scored France's opening goal against Iraq in his 100th international appearance for Les Bleus at the FIFA World Cup 2026.
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3h
Tesla Crash That Killed a Texas Woman Will be Investigated by Federal Regulators
GLOBAL NEWS | Tue, 23 Jun 2026, 4:23AM IST
The cars driver-assistance system was in use when the crash killed a woman on Friday, the police said.
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