FPIs pump record Rs 39,640 crore into Indian G-Secs in June so far

Overseas investors have poured a record ₹39,640 crore into Indian government bonds this June, driven by tax exemptions and expanded access to sovereign debt. These measures aim to boost foreign participation and are fueling expectations of India's inclusion in global bond indices. While inflows are strong, experts advise caution due to elevated US Treasury yields, though confidence in Indian debt is rising.

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Cheaper crude and Strait of Hormuz reopening boost outlook for Indian refiners

Benchmark Brent fell to around $72 a barrel Thursday, down from an average of $99 in first week of June and $109 during the three months till May. Russia has resumed offering discounts, reversing the hefty premiums it charged after the Iran war began.

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Venezuela earthquake: Citizens move to search for survivors after tremors kill at least 235

Venezuela earthquake news: Country grapples with devastating aftershocks as the death toll from twin earthquakes tragically climbs to at least 235. Thousands are injured, with desperate citizens searching for loved ones amidst collapsed buildings. International aid, including rescue teams and significant financial assistance from the US, is now arriving to support the overwhelmed nation in its catastrophic hour.

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Aditya Birla lines up Rs 15,000 crore loan for Sprng Energy bid

Aditya Birla Group is reportedly in advanced talks to acquire Shell's Indian renewable energy arm, Sprng Energy, for a substantial sum. State Bank of India and Axis Bank are leading a ₹15,000 crore loan facility for the potential deal, which could be the largest in India's renewable sector. Discussions are ongoing, with Shell confirming initial interest from potential partners.

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Centre set to tighten oversight of pharma packaging materials

India is set to implement a mandatory registration for printed pharmaceutical packaging manufacturers to combat counterfeit drugs. This move follows seizures of fake weight-loss drugs and vaccines, revealing that genuine packaging materials were being diverted and misused abroad.

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No vacancy at home: Worsening job market greets H-1B returnees

Indian tech professionals returning from the US, including H-1B visa holders, face a challenging job market back home. Layoffs at major US tech firms have led to a surge in returnees, overwhelming limited openings. While some opportunities exist in GCCs and startups for experienced professionals, securing roles with comparable US salaries proves difficult, especially for recent graduates.

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Eighth Pay Panel may stay cautious on fitment factor

While the Commission hasn't yet finalised its recommendations, early discussions suggest that the fitment factor could remain close to the 2.57 multiplier adopted by the Seventh Pay Commission, even as employee unions continue to push for a higher revision.

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Adani Ports emerges top contender for Karanja Terminal takeover

Adani Ports is poised to acquire Karanja Terminal & Logistics, with creditors endorsing its ₹625-crore recovery plan. The nation's top port operator has offered full repayment to financial creditors for their outstanding dues. This development follows Prudent ARC's acquisition of nearly all of Karanja's debt, signaling a significant shift in the company's future.

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AI levels the playing field as IT giants target mid-market game

With the disruption that artificial intelligence has brought, mid-market companies have now accelerated tech spending, creating scalable opportunities. The focus on the mid-market is also a result of a slowdown in deals in the traditional strongholds of America, as well as key sectors like banking, due to economic uncertainty and geopolitical crises.

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Brokerages stay bullish on Laurus Labs as CDMO momentum and margins improve

Laurus Labs' stock has surged 30% on robust FY26 results, fueled by a booming contract manufacturing business and improved product mix. The company is investing ₹3,000 crore in expanding capacities, particularly for high-value CDMO services, which are projected to double their revenue share by 2030. Analysts are optimistic, raising earnings forecasts and maintaining a 'BUY' rating, anticipating continued growth across its diverse segments.

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India's active credit cards cross 120 million in May

India’s credit card market crossed 120 million active cards in May, driven by strong new additions even as spending growth slowed, according to RBI data. Net card additions rose 34% year-on-year to 1.02 million, while total spending increased only 6.3% to ₹2.02 lakh crore.

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Living on borrowed AI won’t end well for India, warn experts

India's reliance on foreign-controlled advanced AI models, like Anthropic's, is under scrutiny after a US government directive suspended access. Experts warn this highlights a significant vulnerability, potentially hindering India's ambition to become an AI power. The incident underscores the need for stronger domestic capabilities and strategic infrastructure to avoid being merely an adopter of technologies controlled elsewhere, emphasizing the geopolitical implications of frontier AI.

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Govt targets solar, hydrogen components to cut import dependence

India is boosting domestic manufacturing across solar, green hydrogen, and wind energy sectors to curb import reliance. Key focus areas include solar inverters, electrodes, catalysts, bipolar plates, and polysilicon. This strategic move aims to strengthen the supply chain for critical components, addressing current import dependencies and fostering long-term cost competitiveness for India's burgeoning renewable energy industry.

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Short positions in G-Secs on cards to improve liquidity

The Reserve Bank of India has unveiled draft rules allowing participants to take short positions in government securities, aiming to boost market liquidity and price discovery. A detailed framework for trading "when-issued" securities, bonds yet to be officially released, is also introduced. These measures, with specific limits for banks, primary dealers, and others, are open for public feedback until July 17.

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Cooling crude prices drive weekly gains; Street expects Q2 earnings recovery

Indian stock markets closed slightly higher on Thursday, marking a third consecutive week of gains, buoyed by falling crude oil prices. The Nifty 50 and Sensex both edged up, with easing oil prices boosting investor confidence. Analysts suggest dips may attract buying, anticipating improved corporate margins from the second quarter, even with potential monsoon deficits. Volatility expectations also decreased.

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Global Market Today: Asian stocks decline led by tech, oil holds steady

Asian markets saw a dip, led by a pullback in heavyweight chip stocks after a strong rally. US futures remained steady following a volatile session on Wall Street, where tech giants like Apple experienced significant declines. Investors are closely watching the sustainability of high tech valuations amid concerns over AI spending and potential interest rate adjustments by the Federal Reserve.

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VCs pivot to EV infra & energy storage in new $65 million funding wave

Several Indian battery-tech and energy transition startups are actively seeking to raise approximately $65 million, signaling a potential revival in the sector. Despite a cautious investor sentiment, companies like Emo Energy and Baaz Bikes are in talks for significant funding rounds. This renewed interest stems from rising fuel costs and the ongoing push for electrification, with VCs now favoring EV infrastructure and energy storage solutions over pure EV bets.

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Vedanta Resources buyback offer gets $943 million bond bids

Vedanta Resources has successfully garnered tenders worth approximately $943 million for its dollar bonds through an early participation window in its debt buyback. This significant uptake, representing 45% of its $2.1 billion outstanding bonds, signals investor confidence. Market watchers attribute this positive response to attractive yields and Vedanta's strengthening refinancing capabilities, a crucial move for the miner's debt management.

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JPMorgan puts two more in line to succeed Jamie Dimon

JPMorgan Chase has appointed Doug Petno and Troy Rohrbaugh as co-presidents, signaling a significant step in succession planning for CEO Jamie Dimon. Rohrbaugh will now lead consumer and community banking, while Petno takes the helm of the commercial and investment bank. These moves potentially refine the pool of candidates for the top leadership position at the financial giant, a transition keenly watched across Wall Street.

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Hybrid SIFs lure wealthy investors with tax edge and stronger returns

Affluent investors are increasingly turning to newly launched hybrid specialised investment funds (SIFs) for their tax efficiency and better returns than traditional fixed-income options. These funds, blending debt, equity, and derivatives, have attracted significant assets, with hybrid strategies dominating. Their appeal lies in equity taxation benefits and lower volatility, offering attractive post-tax returns for wealthy individuals and family offices.

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Stock Market Holiday 2026: Is BSE, NSE open or closed today for Muharram?

Indian stock markets, including BSE and NSE, are closed today, June 26, for Muharram. The MCX has a partial closure, while NCDEX is shut all day. This holiday marks the start of the Islamic New Year and is a significant observance. Investors can anticipate several more market holidays throughout the year, with the next closure on September 14 for Ganesh Chaturthi.

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India's GLP-1 boom slows amid price war, weak retention

Initial excitement for India's generic weight-loss drugs is fading. Domestic manufacturers are lowering sales targets due to slower-than-expected prescriptions and patient retention. Unexpected price cuts from the innovator, coupled with the high cost of generics for Indian consumers, are impacting adoption. This has led to a wait-and-watch approach for upcoming launches, with a potential revival anticipated later in the fiscal year.

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Tata Chemicals surges on Tata Sons listing buzz

Tata Chemicals shares surged on Thursday, driven by the RBI's new guidelines for upper-layer NBFCs, sparking hopes for a Tata Sons listing. Analysts suggest this could unlock significant value for Tata Chemicals, which holds a stake in the unlisted entity. The potential listing of Tata Sons, valued in the unlisted market, could boost Tata Chemicals' market capitalization substantially, marking a shift from its current book value reflection.

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Dubai’s housing market cools after long red-hot five-year rally

Dubai’s residential property market is cooling after a five-year rally as buyers become more price-sensitive, negotiate harder and shift toward smaller, lower-cost homes amid higher supply and geopolitical uncertainty. While prices remain higher year-on-year, they have softened quarterly, with annual growth slowing sharply from 17–18% in 2024 to around 4–5%.

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