Day: July 23, 2026

Interglobe Aviation Q1 Results: Revenue from operations rose 20% year on year to Rs 24,584 crore.

China’s largest memory chipmaker, ChangXin Memory Technologies (CXMT), is set to debut on the Shanghai Stock Exchange after raising $8.6 billion in Asia’s biggest IPO this year, highlighting the success of China’s state-backed push to build domestic semiconductor champions and AI infrastructure.

Tesla is accelerating the rollout of its unsupervised robotaxi service in the US, with CEO Elon Musk outlining ambitious expansion plans while stressing safety as the company’s top priority. Musk also reiterated that humanoid robot Optimus could become Tesla’s biggest product as the EV maker doubles down on AI and robotics.

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Billionaire Radhakishan Damani and his family have re-entered Sundaram Finance with a 2.37% stake in the June quarter through Bright Star Investments, after previously exiting the holding in FY26, according to the company’s latest shareholding pattern.

PVR INOX reported a strong June quarter with a net profit of Rs 56.5 crore. Revenue from operations increased to Rs 1,622.2 crore, showing significant year-on-year growth. Admissions rose eight percent while average ticket prices also saw an increase. The company achieved net cash positive status after debt reduction and merger completion. PVR INOX anticipates…

European shares slipped as weak semiconductor earnings and renewed concerns over AI spending weighed on technology stocks. Energy shares gained as Middle East tensions lifted oil prices, while investors awaited the ECB’s policy decision.

U.S. Senate Republicans have introduced the long-awaited Clarity Act, a landmark bill aimed at creating a comprehensive regulatory framework for cryptocurrencies. The legislation seeks to clearly define the roles of financial regulators, promote broader adoption of digital assets, and enhance investor protection.

Based on the current GMP, the company’s shares are estimated to list at around Rs 670 per share, compared with the upper issue price of Rs 485. However, investors should note that the grey market is unofficial, and GMP is only an indicator of investor sentiment, not a guarantee of listing gains.

Xtranet Technologies’ IPO was subscribed 51% by early afternoon on Day 1, led by strong retail demand. The Rs 166.8 crore issue, priced at Rs 120-127 per share, has attracted a 10% grey market premium, while the company plans to use the proceeds for working capital, debt repayment and expansion.