Debt mutual funds gain traction as Jio BlackRock enters top 15 in India
Jio BlackRock raises ₹17,800 crore in its first mutual fund NFO, drawing 67K+ retail investors. Now ranked among India’s top 15 debt fund houses.
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Union Bank of India’s Q1 total business rises 5% to ₹22.1 lakh crore; retail advances jump 26%
Total deposits rose 3.63% year-on-year to ₹12.39 lakh crore from ₹11.96 lakh crore. Global gross advances stood at ₹9.74 lakh crore, registering a 6.8% increase over ₹9.12 lakh crore in Q1 FY25. Shares of Union Bank of India Ltd ended…
PNGRB’s new tariff amendment balances interests of operators, consumers and investors: AK Tiwari
PNGRB Member AK Tiwari says the latest gas tariff reforms strike a balance between the interests of pipeline operators, consumers, and CGD companies. The move to a two-zone structure and a unified tariff for CNG and PNG users is expected…
Gujarat Pipavav Port Q1 business update: Container volumes flat; Ro-Ro traffic up 11%
Container throughput stood at 164,000 TEUs (twenty-foot equivalent units), marginally lower than 165,000 TEUs in Q1 FY25 and down from 172,000 TEUs in Q4 FY25. Dry bulk volumes remained flat year-on-year at 0.55 million metric tonne, though they rose from…
JSW Steel’s Q1 crude steel output up 14% to 7.26 MT despite planned shutdowns
The company’s Indian operations contributed 7.02 million tonne, marking a 15% increase from the same quarter last year. However, production declined 5% sequentially, primarily due to planned maintenance shutdowns of blast furnaces. Shares of JSW Steel Ltd ended at ₹1,045.05,…
Tata Steel Q1 India deliveries slip 4%; e-commerce sales surge 39% to ₹1,350 crore
The Automotive & Special Products vertical delivered 0.77 million tonne, with high-end products recording 4% growth year-on-year. The business also received grade approvals for ultra-high strength steel from its new continuous annealing line at Kalinganagar. Shares of Tata Steel Ltd…
Trade Setup for July 9: Largecaps lead Nifty fightback but all hinges on US trade deal
The Nifty 50 shrugged off early weakness to end near the day’s high on July 9, as a late-session rally powered the index past key resistance levels. Renewed buying in financials and selective largecaps lifted sentiment, with investors now eyeing…
Foreign investors and promoters have encashed India’s SIP boom
Promoters have sold over ₹4.04 lakh crore ($47 billion) worth of Indian shares in the last five years so far. FPI holdings have come down as small savers in India flocked to the stock market for wealth creation. It’s a…
Bajel Projects to invest ₹170 crore to nearly triple galvanisation capacity by FY27
The expansion will be executed in phases between Q4 FY26 and Q4 FY27. The planned investment for this capacity addition stands at ₹170 crore, which will be funded through a mix of internal accruals and debt. Shares of Bajel Projects…
India’s hotel stocks aren’t getting any cheaper
Despite some hotel stocks cooling off in recent weeks, their price-to-earnings ratio is still high and, according to many experts, the valuation is likely to remain high, for good reasons.