Mahanagar Gas shares have surged on government’s push for piped natural gas adoption, aiming for a 20% customer base increase. This move is expected to significantly boost PNG consumption and accelerate volume growth. Despite a recent rally, the stock’s valuation remains attractive, with analysts predicting future earnings growth and potential for a re-rating as margin…

Indian markets saw a subdued trading session on Monday, with key indices declining due to mixed global signals and profit-taking. Several prominent companies like Bajaj Auto, ZEEL, BPCL, HDFC Bank, and HUL are in focus today due to significant corporate developments. These include share buybacks, foreign investments, leadership appointments, and strategic acquisitions, signaling active corporate…

India’s leading retail broker, Zerodha, is making a significant move into investment banking. The company has applied to Sebi for a merchant banking license through its arm, Zerodha Corporate Advisors. This strategic expansion comes as the equity capital markets show strong potential, with experts noting ample room for new players possessing robust distribution and investor…

Kumar (66), a seasoned public policy leader and financial sector reformer, is widely credited with playing a key role in revitalising India’s banking and financial system during a period of significant stress between 2017 and 2020. During his tenure, he strengthened governance, risk management and regulatory oversight across banks by institutionalising specialised monitoring of large…

Creditors seeking duplicate recoveries from group companies after a resolution plan is finalized will be disappointed, the NCLT ruled. JM Financial ARC’s bid to recover more from KSK Mahanadi Power via guarantees was dismissed, as the tribunal found their admitted dues were already fully satisfied. This landmark judgment clarifies that approved resolution plans are binding,…

The central bank’s bond buyback saw a lukewarm market reception, attracting significantly less than the offered amount despite a liquidity deficit in the banking system. Banks held back, anticipating future inflows and preferring short-term papers. Meanwhile, the benchmark 10-year government bond yield dipped to its lowest since March, buoyed by falling oil prices and record…

India’s banking sector is set to gain a powerful new weapon against digital fraud. The National Payments Corporation of India (NPCI) has initiated a pilot for an AI model that can detect and track stolen money in real-time as it moves across bank accounts. This innovative technology aims to intercept fraudulent transactions before funds vanish,…

Promoters and large shareholders are cashing in on a stock market rebound, offloading shares worth over ₹24,000 crore in May and June. This surge in secondary market deals, driven by strong domestic institutional investor appetite fueled by SIP inflows, contrasts with a lull earlier in the year. Notable sales include Vedanta, Craftsman Automation, and PB…

India has surged back to the fifth spot globally in market capitalization, surpassing Taiwan. This marks India’s second ascent in recent weeks, having previously overtaken South Korea. The shift comes as Taiwan’s AI-driven rally cooled, trimming its market value. Investors are now reassessing stretched valuations and the sustainability of AI spending, impacting semiconductor-heavy markets.

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