UK manufacturing growth slows in July despite faster output

The Budget’s goodies for the MSME sector include a dedicated ₹10,000 crore SME Growth Fund to create future ‘Champions’, a top-up to the Self-Reliant India Fund with ₹2,000 crore; and reforms to the TReDS platform.

Several large-cap Indian companies have seen their stock prices surge from 52-week lows to highs within just three months. This impressive rally, yielding returns of 22-65%, is attributed to strong March quarter results, optimistic FY27 forecasts, and strategic moves like fundraising. Despite this momentum, many of these stocks remain undervalued compared to their historical valuation…

Adani Energy Solutions has received board approval to raise a substantial ₹10,000 crore through a qualified institutional placement. This move follows their recent agreement to acquire IntelliSmart Infrastructure for ₹3,050 crore. Shareholders will vote on the issuance at an extraordinary general meeting on July 25. The company’s stock saw a positive response, closing 2% higher…