Shares of SEPC Ltd. declined on Wednesday, July 8, after the company said its board has approved the proposed acquisition of up to 90% equity stake in UAE-based Avernir International Engineers and Consultants LLC, Abu Dhabi. The acquisition will be via a share swap transaction. As part of this, SEPC will carry out a preferential…
Shares of South Indian Bank Ltd. plunged over 9% on Wednesday, July 8, marking their biggest single-day decline in three months, even as the lender announced RBI’s approval for the appointment of its next Managing Director and CEO. The bank informed the exchanges that the Reserve Bank of India (RBI) has approved the appointment of…
Arvind Sanger, Managing Partner at Geosphere Capital Management, believes investors should look beyond the recent fall in oil prices, arguing that supply has not fully normalised and geopolitical risks in the Middle East remain elevated. He expects crude to trade in the $80–100 per barrel range over time as countries rebuild strategic petroleum reserves and…
India’s information technology sector is heading into another earnings season on uncertain footing. Once among the market’s most richly valued sectors, IT has spent much of 2026 grappling with weak discretionary spending, delayed deal conversions, artificial intelligence-led pricing pressure and a sharp derating in valuations. The Nifty IT index fell nearly 30% between January and…
IME Capital Founder & CEO Ashi Anand believes India’s market outlook is improving as corporate earnings recover and domestic inflows remain strong. He said the biggest near-term risk is a rise in oil prices due to geopolitical tensions, adding that crude staying around $70 a barrel or lower would support growth, inflation and interest rates….
India’s restrictions on silver imports have created shortages in the world’s biggest market for the precious metal, pushing premiums to their highest levels in six months despite weaker-than-usual demand. Lower imports by India, which meets more than 80% of its silver demand through overseas purchases, could weigh on global prices, while helping narrow the country’s…
Foreign portfolio investors (FPIs) made a record net investment of ₹41,773 crore in Indian government securities under the Reserve Bank of India’s (RBI) Fully Accessible Route (FAR) in June, marking a sharp revival in overseas interest after a brief spell of selling earlier this year. The record inflow comes after a series of measures by…
SML Mahindra Ltd reported an increase in its commercial vehicle production and sales for June 2026, while exports declined compared with the year-ago period, according to the company’s monthly operational update. The company produced 1,587 commercial vehicles in June 2026, up from 1,546 units in June 2025, while sales rose to 1,896 units from 1,807…
The Reserve Bank of India (RBI) has approved the reappointment of N S Vishwanathan as the non-executive (part-time) chairman of Axis Bank for a further three-year term from 27 October 2026 to 26 October 2029, subject to his reappointment as an independent director. Axis Bank disclosed the approval in a regulatory filing on Tuesday, stating…
Sarmeeli Mallick is a senior journalist with nearly a decade of experience in digital journalism. With a master’s degree in Journalism and Mass Communication from Utkal University, Bhubaneswar, she has a proven track record of impactful reporting, having filed over 19,000 news stories since beginning her career in May 2016. Her diverse background, rooted in…
