Sobha, Equitas SFB: Top stock picks by Kotak Securities; here's why
INDIA MARKET | Tue, 7 Jul 2026, 6:59AM IST
Shrikant Chouhan, Head of Equity Research at Kotak Securities explains why the brokerage has an 'ADD' rating on Sobha and a 'BUY' rating on Equitas Small Finance Bank.
Continue reading at Business Standard
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Stocks in news: RIL, Trent, Titan, Cochin Shipyard, Nestle, Indian Oil
INDIA MARKET | Tue, 7 Jul 2026, 6:34AM IST
Markets extended their winning streak on Monday, supported by encouraging quarterly business updates. Reliance Industries received an administrative warning from Sebi regarding insider trading allegations. Trent and Titan reported strong revenue growth in their respective June quarter results. The government will sell a stake in Cochin Shipyard through an offer for sale. Nestle announced the establishment of a new Global Capability Center in Hyderabad.
Continue reading at Economic Times
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Global Market Today: Asian stocks slip, Samsung slides after results
INDIA MARKET | Tue, 7 Jul 2026, 6:29AM IST
The MSCI Asia Pacific Index fell 0.3%, with decliners narrowly outnumbering gainers. Technology stocks led the losses, with Samsung falling over 5% even after quarterly profit surged 19-fold. The Kospi Index retreated 3.5%, while SK Hynix Inc. shares dropped 1% after kicking off the formal marketing process for its US listing.
Continue reading at Economic Times
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HNIs turn to hybrid debt funds, SIFs for higher post-tax returns
INDIA MUTUAL FUNDS | Tue, 7 Jul 2026, 6:17AM IST
Rich investors are exploring niche mutual funds and specialized investment funds. These products offer higher returns and better tax efficiency for portfolios. Funds bundle debt, arbitrage, REITs, and InvITs to boost investor returns. This strategy provides a tax advantage over fixed deposits and debt funds. Investors must understand liquidity differences between fund types.
Continue reading at Economic Times
1h
Can Kusumgar IPO deliver long-term growth for high risk investors?
INDIA MARKET | Tue, 7 Jul 2026, 6:13AM IST
Kusumgar plans a 650 crore offer for sale, reducing promoter stake to 75.4%. The engineered fabrics manufacturer boasts strong EBITDA margins, exceeding its listed peers. Revenue declined in FY26 due to deferred orders and US tariffs impacting exports. Operating cash flow improved significantly after a deficit in the prior year. Investors with high-risk appetite may consider this issue for long-term.
Continue reading at Economic Times
1h
Reliance Industries gets Sebi warning over insider trades
INDIA MARKET | Tue, 7 Jul 2026, 6:08AM IST
Reliance Industries received an administrative warning from Sebi regarding insider trading. The regulator found employees traded shares with unpublished price-sensitive information. Sebi investigated trading activity during a specific period in 2024. The company stated the warning is cautionary and imposes no restrictions. Reliance will address the concerns raised in the Sebi letter.
Continue reading at Economic Times
1h
Tata Capital eyes $300 million overseas bond issue
INDIA MARKET | Tue, 7 Jul 2026, 6:05AM IST
Tata Capital is marketing its second dollar bond issue to raise funds. The non-banking finance company seeks to raise at least $300 million from investors. This transaction is expected to be a Regulation S offering open to global investors. Bankers Standard Chartered, HSBC, and MUFG are managing this debt issuance. The company plans to use these funds for its on-lending activities.
Continue reading at Economic Times
1h
Stock Market Today: All You Need To Know Before Going Into Trade On July 7
INDIA MARKET | Tue, 7 Jul 2026, 6:00AM IST
Indian equity benchmarks extended gains for the fourth consecutive trading session.
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1h
Hot Stocks: 3 stocks that may give returns between 16-24%
INDIA MARKET | Tue, 7 Jul 2026, 5:51AM IST
Brokerages initiated coverage on three Indian companies with positive ratings. Kirloskar Oil Engines has a price target implying a twenty-four percent upside. APL Apollo Tubes is seen as a strong play in building materials. Union Bank of India offers a sixteen percent potential return. These recommendations suggest significant future growth prospects for the firms.
Continue reading at Economic Times
1h
FPIs stage strong comeback in financials with record fortnightly inflows in 2026
INDIA MARKET | Tue, 7 Jul 2026, 5:46AM IST
Foreign investors bought Indian financials worth over fourteen thousand crore rupees. This marked their highest purchase in financials during the second half of June. Overseas investors became net buyers of Indian equities after significant earlier outflows. Global index rebalancing and value purchases boosted renewed investor appetite for financials. Financial services and infrastructure sectors are expected to remain favored by long-term investors.
Continue reading at Economic Times
1h
Govt to sell 5% stake in Cochin Shipyard at 1,400/share via OFS
INDIA BUSINESS | Tue, 7 Jul 2026, 5:45AM IST
The offer for sale (OFS) opens for non-retail investors on July 7, 2026. Retail investors can bid on July 8, 2026.
Continue reading at The Hindu
1h
EQT moves to list BPO firm Straive, raise $400 million
INDIA MARKET | Tue, 7 Jul 2026, 5:38AM IST
Swedish firm EQT Partners plans a $400 million IPO for its platform Straive. The India-focused company is expected to be valued at $2.5 billion. EQT will likely sell a 15-20% stake in the upcoming offering. A draft prospectus is anticipated to be filed with Sebi in September. Straive provides data analytics and AI solutions to global enterprises.
Continue reading at Economic Times
1h
Neuberg readies for IPO in FY28, to seek up to Rs 4,000 cr
INDIA MARKET | Tue, 7 Jul 2026, 5:32AM IST
Neuberg Diagnostics plans an initial public offering in fiscal year 2028. The company aims to raise approximately 3,500-4,000 crore. A pre-IPO funding round will secure Rs 5000 crore for acquisitions. This expansion strategy targets pan-India growth and new diagnostic technologies. Neuberg expects to become the second-largest player in the diagnostics market.
Continue reading at Economic Times
1h
Manipal Health moves closer to Rs 10,000-cr IPO after Sebi nod
INDIA MARKET | Tue, 7 Jul 2026, 5:25AM IST
Manipal Health Enterprises has received Sebi approval for its initial public offering. The company plans to raise approximately ten thousand crore rupees through this offering. A significant portion of the funds will repay subsidiary borrowings. Another part of the proceeds will fund a stake acquisition. This move signals a major step for the healthcare provider's expansion plans.
Continue reading at Economic Times
1h
INDIA BUSINESS | Tue, 7 Jul 2026, 5:00AM IST
Vehicle retail sales reached a record high in June, showing a significant year-on-year increase. This robust growth was supported by strong demand across various vehicle segments. Improved supplies and easing crude oil prices are expected to sustain this positive momentum. Two-wheeler sales saw a notable rise, with electric models gaining significant market share. Rural markets demonstrated strong traction in commercial vehicle sales, indicating broad economic recovery.
Continue reading at Economic Times
2h
INDIA BUSINESS | Tue, 7 Jul 2026, 4:00AM IST
Private banks saw stronger deposit growth than public sector lenders in the June quarter. Public sector banks, however, achieved faster credit expansion during the same period. This divergence raises concerns about funding sustainability for state-run institutions. Private banks have steadily gained market share in deposits over a decade. Credit growth between the two bank types showed convergence in the recent quarter.
Continue reading at Economic Times
3h
Cristiano Ronaldo At FIFA World Cups: Check All Stats For Portugal's Superstar
INDIA MARKET | Tue, 7 Jul 2026, 3:12AM IST
Cristiano Ronaldo ends his FIFA World Cup career as Portugal's all-time leader in appearances and goals.
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4h
INDIA MARKET | Tue, 7 Jul 2026, 2:53AM IST
Cristiano Ronaldo's FIFA World Cup career came to an emotional end as Portugal suffered a 1-0 defeat to Spain.
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4h
George E. Johnson, Who Built a Black Hair-Care Empire, Dies at 99
GLOBAL NEWS | Tue, 7 Jul 2026, 2:30AM IST
Mr. Johnsons hair product company, a longtime sponsor of Soul Train, was the first Black-owned company listed on a major American stock exchange.
Continue reading at The New York Times
4h
George E. Johnson Dies at 99; Broke Market Barriers With Afro Sheen
GLOBAL NEWS | Tue, 7 Jul 2026, 2:02AM IST
Mr. Johnsons hair-product company, a longtime sponsor of Soul Train, was the first Black-owned company listed on a major American stock exchange.
Continue reading at The New York Times
5h
US stocks today: S&P 500, Nasdaq close sharply higher as Broadcom rallies
INDIA MARKET | Tue, 7 Jul 2026, 1:35AM IST
U.S. stocks rose sharply, led by chipmakers like Broadcom on AI-driven optimism and a strong earnings outlook. Microsoft fell after announcing job cuts, while investors remained cautious about Fed policy. Markets are now focused on upcoming earnings and Fed minutes for direction amid elevated rate uncertainty.
Continue reading at Economic Times
5h
US stocks today: Nasdaq jumps over 1% as chip stocks rally, investors eye AI earnings
INDIA MARKET | Tue, 7 Jul 2026, 1:35AM IST
U.S. stocks rose sharply, led by chipmakers like Broadcom on AI-driven optimism and a strong earnings outlook. Microsoft fell after announcing job cuts, while investors remained cautious about Fed policy. Markets are now focused on upcoming earnings and Fed minutes for direction amid elevated rate uncertainty.
Continue reading at Economic Times
5h
ET Graphics: Crude oil retreats, but India's fuel bills stay up
INDIA BUSINESS | Tue, 7 Jul 2026, 1:34AM IST
China has reduced fuel prices, mirroring pre-war levels as crude oil costs decline. Indian private retailer Nayara Energy also cut its fuel rates recently. State-run firms have not yet followed suit after substantial first-quarter losses. These companies incurred nearly seventy-five thousand crore rupees in losses. This situation arose due to delayed fuel price adjustments by the government.
Continue reading at Economic Times
5h
CCI moves SC against NCLAT order quashing penalty on Grasim
INDIA MARKET | Tue, 7 Jul 2026, 1:28AM IST
India's competition regulator is taking a stand by appealing to the Supreme Court over a tribunals recent decision that invalidated a 300-crore penalty against Grasim Industries. This penalty related to accusations of monopolistic behavior in the viscose staple fibre market. The tribunal mandated that Grasim be given an opportunity for defense, prompting the regulator to aim for the restoration of its previous decision against the company.
Continue reading at Economic Times
5h
Auto firms may trade BEE credits for fuel norms
INDIA NEWS | Tue, 7 Jul 2026, 1:28AM IST
New Delhi: The power ministry has proposed a credit trading mechanism under thenation's Corporate Average Fuel Efficiency (CAFE) norms, allowing passenger vehicle manufacturers to trade surplus compliance credits and buy credits from the Bureau of Energy Efficiency (BEE) to meet fuel-efficiency targets.Draft amendments to the CAFE norms issued by the ministry Monday under the Energy Conservation Act propose a formal framework for credit and debit accounting, passbooks, pooling arrangements and compliance assessment. The CAFE norms, in force since FY23, require vehicle manufacturers to meet a prescribed fleet-average fuel-efficiency standard to reduce fuel consumption and carbon dioxide emissions. The ministry has invited public comments within 14 days of publication of the draft notification.Under the proposal, manufacturers whose fleet-average fuel consumption is better than the prescribed target will earn compliance credits, while those that miss the target will accumulate debits. The credits can be carried forward, transferred to other manufacturers through voluntary pooling arrangements or used for future compliance.The draft also allows manufacturers to offset debit balances by purchasing credits from the BEE at 2,500 per gram of carbon dioxide per kilometre for each reporting period from FY23 to FY27. The ministry said the buyout option would provide a compliance route at a cost lower than the statutory penalty under the Energy Conservation Act. Manufacturers will be required to maintain a credit and debit passbook recording credits earned, used, transferred and carried forward across compliance periods.According to the explanatory note, the amendments are intended to operationalise compliance provisions already contained in the existing CAFE framework, including pooling arrangements, for which detailed procedures had not previously been specified.The ministry said the proposed changes would improve regulatory certainty, establish a transparent compliance mechanism and incentivise manufacturers that outperform the prescribed fuel-efficiency standards while retaining the overall objectives of the CAFE programme.
Continue reading at Economic Times
5h
Auto companies may soon get to trade BEE credits for easier fuel-efficiency compliance
INDIA BUSINESS | Tue, 7 Jul 2026, 1:28AM IST
The power ministry has introduced a new credit trading system aimed at Corporate Average Fuel Efficiency standards. Under this initiative, manufacturers can trade excess compliance credits and purchase them from the Bureau of Energy Efficiency. The framework includes credit and debit accounting, allowing manufacturers who surpass targets to earn credits, while those who don't accumulate debits.
Continue reading at Economic Times
5h
NTPC gets into action to develop mega PWR-based nuclear projects
INDIA BUSINESS | Tue, 7 Jul 2026, 1:26AM IST
NTPC plans to develop nuclear power capacity using pressurised water reactor technology. Global consultants are invited to prepare tender documents and evaluate bids. This initiative follows the promulgation of the SHANTI Act, allowing private sector participation. NTPC aims to build thirty gigawatts of nuclear capacity on its own. The company is also exploring tie-ups with Rosatom and EDF for PWR projects.
Continue reading at Economic Times
5h
Bharat Petroleum to expand retail offerings, EV charging network
INDIA BUSINESS | Tue, 7 Jul 2026, 1:16AM IST
Bharat Petroleum Corporation Ltd is investing significantly to expand its retail offerings. The company aims to increase its market share by 2030. BPCL is expanding its electric vehicle charging network across major highways. It is also scaling up its Drive Fresh and Be Cafe initiatives. This strategy seeks to make travel more convenient for customers.
Continue reading at Economic Times
6h
Regulator seeks views to curb similar sounding drug brands
INDIA BUSINESS | Tue, 7 Jul 2026, 1:14AM IST
The Central Drugs Standard Control Organisation in India is inviting public contributions concerning new regulations aimed at curbing the sale of various medications under similar brand names, which can mislead both patients and pharmacists about their contents. As part of this initiative, the drug regulator has released a notice for stakeholder observations, with a deadline for comments set for July 17 to ensure improved safety and trust among patients.
Continue reading at Economic Times
6h
Private banks write off nearly half of NPAs in FY26, outpace PSBs
INDIA BUSINESS | Tue, 7 Jul 2026, 1:10AM IST
"Private banks utilise these write-offs and provisioning buffers to proactively clean up their balance sheets, while public sector banks generally rely more heavily on aggregate long-term or systemic recovery," said Kuntal Sur, partner and leader for risk consulting, financial services and treasury, at PwC India. "Unsecured retail loans in general have shown deteriorations leading to higher write-offs."
Continue reading at Economic Times
6h
MCX widens domestic refiner pool, revises delivery norms
INDIA COMMODITIES | Tue, 7 Jul 2026, 1:09AM IST
MCX has updated its norms to include BIS-certified bullion and more local refiners. This move aims to increase domestic gold and silver supplies significantly. It will particularly benefit silver, following recent import curbs and duty hikes. Approved refiners can now process recycled gold directly from the market. This creates a new ecosystem for monetizing household gold holdings.
Continue reading at Economic Times
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