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TIMES UPDATE
- by TOI Business DeskSBI Funds Management made a strong debut on Dalal Street today, listing at a premium of around 7% over its IPO price. The stock opened at Rs 610 on the BSE, which is a gain of 6.27% from the issue price of Rs 574, while it listed at Rs 613.30 on the NSE.
- by TOI Business DeskIn a note dated July 20, Goldman Sachs analysts said, “Escalation in the Middle East and the decline in estimated Persian Gulf flows to below 45% of pre-war levels have pushed oil prices back up.”
- by TOI Business DeskGold price prediction today: Gold prices continue to be under pressure and downside risks remain, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.
- by TOI Business DeskCanadian Prime Minister Carney stated new US tariffs violate the CUSMA trade agreement. He affirmed continued government support for Canadian workers and businesses. These tariffs target Canadian exports like vehicles and dairy products. Canada has proposed detailed solutions and remains open to negotiations. The nation will take necessary measures to strengthen its domestic economy.
- by TOI Business Desk
- NSE Indices has launched the Nifty 500 Ahimsa Index for investors. This new gauge includes companies that do not harm animals in their business. The index aligns with non-violence principles and excludes certain firms. It aims to redirect capital towards compassionate and cruelty-free investing. This initiative offers ethical investors clearer alternatives for their portfolios.
- by Asmita DeyStartups founded by former tech professionals are attracting venture capital investment. These operator-led ventures, though few, are securing a growing share of funding. They consistently receive larger funding rounds and higher valuations compared to others. Experienced founders bring valuable company-building skills and execution focus to their new companies. This trend indicates a shift in investor […]
- by G BalachandarHyundai Motor India is expanding charging infrastructure and component localization. The company plans to launch its first mass-market electric SUV this fiscal year. This move targets the affordable, sub-Rs 15 lakh segment of the EV market. Hyundai has previously focused on premium electric vehicle offerings in India. The new SUV launch will precede the CAFE […]
- Indian markets closed lower as fluctuating crude prices and global risk-off cues weighed. Banking stocks led the decline after mixed earnings reports from major lenders. The rupee weakened against the dollar due to rising oil prices and geopolitical tensions. Crude prices rose to a one-month high amid fears of supply disruption. Geopolitical tensions in West […]
- by Dipak K DashThe National Highways Authority of India has prepaid over Rs 1.2 lakh crore in loans. This accelerated asset monetisation has reduced its overall debt significantly. The authority has not borrowed directly from the market since 2022. Asset monetisation hit a record high of Rs 41,079 crore in the last fiscal year. NHAI aims to raise […]
- The government has informed Parliament about no current plans to abolish long-term capital gains tax on equities. Tax policies are revised periodically as part of the annual budgetary process and legislative revisions. This statement addresses investor demands for changes in long-term capital gains tax rates. The minister clarified that tax rates for domestic and overseas […]
- RBI deputy governor Swaminathan J expressed concern over banks bypassing internal ombudsman. He stated that many customer grievances resolved by the RBI ombudsman were never referred internally. This situation undermines the purpose of the internal ombudsman framework, he noted. Banks must refer all eligible complaints promptly and without exception to their internal ombudsmen. Effective internal […]
- IndiGo has placed a record order for over one thousand engines. This significant deal is for their 510 Airbus A320neo family aircraft. CFM International will supply the LEAP-1A engines and establish an MRO facility. Honeywell Aerospace will also provide avionics and power systems for these planes. IndiGo plans to double its fleet by the year […]
- Sources undisclosed, mop-up so far 2X speculated amount
- by TOI Business DeskMinister of State for Petroleum and Natural Gas Suresh Gopi said the shift to E20 fuel has been "phased, calibrated and evidence-based," noting that the ethanol blending rate was gradually raised from 1.53 per cent in 2013-14 to 20 per cent in 2025-26 following "scientific evaluation and stakeholder consultations at every stage."
- by TOI Business DeskThe Reserve Bank of India's special swap facility attracted $20.72 billion by July 17. Most of this money arrived through Foreign Currency Non-Resident deposits. Overseas Foreign Currency Borrowings and External Commercial Borrowings also contributed to inflows. This facility was launched to strengthen India's balance of payments and encourage capital. Banks anticipate a significant rise in […]
- by TOI Business DeskCoca-Cola's Indian bottling unit IPO plans are advancing. JPMorgan and Citi have been appointed to manage the proposed 2027 listing. The company is also exploring the sale of a portion of its stake. This move aligns with Coca-Cola's global asset-light strategy. Hindustan Coca-Cola Beverages is a leading player in India's soft drinks market.
- by TOI Business DeskRelations between Saudi Arabia and the Houthis have deteriorated since last week after Riyadh carried out an attack on Sana'a airport. Any disruption to Red Sea shipments, currently the primary route for Saudi Arabia's crude exports, would further intensify the impact of the conflict on global oil trade.