In a significant development, veteran investor Prashant Jain, through his 3P India Equity Fund I, along with 29 other prominent investors, has acquired a Rs 1,655 crore stake in SBI Funds Management. This pre-IPO placement, executed on July 9, 2026, saw shares change hands at Rs 574 apiece, which is the upper end of the […]
HDFC Bank shares saw a positive movement on July 9, 2026, closing at Rs 817.55, up 0.89 percent. This rise comes after the bank released a strong business update for the first quarter of Fiscal Year 2027, which appears to be driving investor sentiment. Meanwhile, the bank also announced mixed revisions to its lending rates,
The much-anticipated Initial Public Offering (IPO) of SBI Funds Management Ltd. (SBIFML) is a topic of keen interest for many, especially the 38 lakh (3.8 million) shareholders of its parent, State Bank of India (SBI). While the IPO is still in the pipeline, the question on everyone’s mind is: what portion will be reserved for
Shares of Apollo Micro Systems Ltd. saw a rise of over 1% today, July 09, 2026, as reports confirmed the company is nearing a significant acquisition. The Hyderabad-based defence electronics firm is close to acquiring Premier Explosives Ltd. in a deal valued between Rs 2,300 crore and Rs 2,500 crore. This move is not just
Shares of food and quick commerce platforms Swiggy and Eternal (parent of Zomato) both saw significant rallies today, July 09, 2026. Swiggy Limited jumped over 6%, while Eternal Ltd. surged nearly 4%. For retail investors, such rapid movements often raise questions about whether to participate. This article explains the key reasons behind these rallies and
Good news for salaried Indians! The Employees’ Provident Fund Organisation (EPFO) has started crediting the 8.25% interest for the financial year 2025-26 into member accounts. You can expect to see this updated balance in your passbook by July 15, 2026. This is a significant step, especially as the credit process is happening much faster than
Kalyan Jewellers India Ltd. saw its shares surge by 9.00% today, continuing a strong two-day rally that has pushed the stock up by over 15%. This significant movement comes after the company released a robust business update for the first quarter of the financial year 2026-27, signalling strong operational performance. For retail investors, understanding the
Indian stock markets witnessed a notable decline today, July 08, 2026, with both the Nifty 50 and Sensex falling over 0.6%. This broad-market weakness was largely driven by escalating geopolitical tensions in West Asia and a subsequent surge in global crude oil prices. For many retail investors, understanding these global connections to their portfolio is
Chinese autonomous-driving firm Momenta Global made its highly anticipated debut on the Hong Kong Stock Exchange today, July 08, 2026, after raising approximately $751 million in its Initial Public Offering (IPO). Despite strong investor demand during the subscription phase, the stock opened modestly higher and then traded largely flat around its IPO price. This raises
As India’s IT bellwether, Tata Consultancy Services (TCS) is set to announce its Q1 FY27 results soon, likely on July 12, 2026. Many retail investors holding the stock are keenly watching if these earnings can offer a much-needed ray of hope. After a period of subdued performance, the market is looking for signs of recovery
South Indian Bank shares saw a sharp decline of over 9% today, July 08, 2026, snapping a four-day winning streak. This significant fall came despite the Reserve Bank of India (RBI) approving Mahesh Muralidhar Pai as the bank’s new Managing Director and CEO. Investors appear to have engaged in profit booking after a substantial rally
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