Jammu and Kashmir Bank Ltd plans to sell a 0.5% stake in PNB MetLife India Insurance Company Ltd to MetLife International Holdings, LLC for ₹120.1 crore. The bank proposes to divest 10.25 million equity shares in the life insurer at ₹117.20 apiece, taking the transaction value to ₹120.1 crore. The sale is subject to execution…
Hero MotoCorp‘s Committee of Directors has approved an additional investment of up to ₹10 billion in Ather Energy, its associate company, through the subscription of equity shares or other eligible securities representing equity shares or convertible into equity shares on a preferential allotment basis. The investment is subject to the receipt of necessary approvals, including…
The American Depositary Receipts (ADRs) of Infosys Ltd and Wipro Ltd dropped on Tuesday (July 14) after International Business Machines (IBM) shares dropped to their lowest levels in nearly six decades, after weaker-than-expected earnings. Infosys Ltd’s American Depositary Receipt listed on the New York Stock Exchange (NYSE) was trading at $11.10, down 3.39% or $0.39,…
The five largest US banks generated nearly $50 billion in June-quarter profit, equal to almost half of the Nifty50’s entire FY26 earnings, highlighting the enormous earnings gap between Wall Street’s banking giants and India’s biggest listed companies. By Yoosef K July 14, 2026, 8:50:32 PM IST (Published) The five largest US banks generated nearly $50…
IDBI Bank on Tuesday said it is not in a position to confirm or deny a media report claiming that the government is close to accepting a revised bid from Fairfax Financial for the bank, citing the confidential nature of the ongoing strategic disinvestment process. The clarification came after the National Stock Exchange sought the…
From Tata Elxsi and Anand Rathi reporting its Q1 results to Jain Resource Recycling reporting a furnace explosion at its manufacturing facility in Tam…Read More 1/9 Tata Elxsi | Global design and technology services provider Tata Elxsi Ltd reported a net profit of ₹170.6 crore for the quarter ended June 30, 2026, registering an 18.2%…
India’s real estate sector witnessed several high-profile public listings in the past year, with office REITs and property developers drawing strong i…Read More 1/6 Sri Lotus Developers and Realty: Mumbai-based Sri Lotus Developers and Realty emerged as the standout IPO of 2026, attracting the highest investor demand with a 74.1x subscription. The stock also delivered…
Profit booking weighed on Indian equities on Tuesday as investors turned cautious amid escalating tensions in West Asia and rising international crude oil prices. The benchmark index opened 143 points lower and attempted to recover from the day’s low during the first half of the session. However, selling pressure resurfaced in the latter half, dragging…
L&T Technology Services (LTTS) reported June-quarter earnings after market hours on Tuesday, July 14, with revenue, margins and constant currency growth slightly ahead of CNBC-TV18 estimates, while profit was largely in line with expectations. Net profit stood at ₹357 crore, marginally below the CNBC-TV18 poll estimate of ₹358 crore, but up 7.4% sequentially from ₹332…
According to IBM Chief Executive Officer Arvind Krishna, customers are delaying spending on software and consulting projects as they redirect capital toward AI infrastructure, including servers, storage systems and memory needed to support artificial intelligence workloads. Source link
