Saba Capital builds over 5% stake in Unite Group

The June quarter earnings season gathers pace on July 16, with 41 companies, including Jio Financial Services, Wipro, Tech Mahindra, BHEL, Polycab India and 360 One, set to announce results. Corporate earnings are expected to grow around 10%, marking the strongest expansion in four quarters after TCS kicked off the reporting season on July 9.

South Indian Bank shares fell sharply on Wednesday, snapping a four-session winning streak as investors booked profits after a sharp three-month rally. Meanwhile, the RBI approved the appointment of Mahesh Muralidhar Pai as the bank’s Managing Director and CEO for a three-year term, effective October 1, 2026, subject to further approvals.

SEBI’s new GARUDA framework cuts the launch time for eligible AIF schemes to 10 working days. Experts explain how the reform could benefit investors while keeping regulatory safeguards intact.