Domestic institutional investors (DIIs) remained strong buyers in Indian equities on June 8, while foreign portfolio investors (FPIs) continued to pare holdings, according to exchange data on Monday, June 8. DIIs purchased shares worth ₹16,683.18 crore and sold equities worth ₹11,517.94 crore, resulting in a net inflow of ₹5,165.24 crore. In contrast, FPIs/FIIs bought shares…
1 / 10 No 1. State Bank of India | Net profit: ₹83,299 crore | State Bank of India (SBI) retained the top spot in FY26, with net profit rising 7.4% to ₹83,299 crore. The lender expects credit growth of 13%–15% in FY27 and aims to maintain an annual return on assets (ROA) above 1%….
Akshat Mittal is the Chief Copy Editor at ET NOW with over 6 years of experience, specialising in Markets, Personal Finance, and General News. Before joining ET NOW, he worked with prominent media organisations and has reported on numerous major events firsthand. He has also conducted several high-profile interviews on topics such as the 8th…
Grasim Industries Ltd on June 8 announced a fresh investment of ₹3,094 crore to set up phase II of its lyocell manufacturing capacity at Harihar, Karnataka. The expansion will add 110,000 tonnes per annum (TPA) of lyocell capacity through two production lines of 55,000 TPA each. The first line is expected to be commissioned by…
HCLTech on Monday, June 8 announced the launch of an AI Innovation Zone in collaboration with Google Cloud at Santa Clara, California. The facility is designed to enable global enterprises to scale AI applications across agentic, kinetic and physical AI. As per a press release filled on NSE, company said the AI Innovation Zone, powered…
Rail Vikas Nigam Limited (RVNL) said on Monday, June 8, it has received a letter of acceptance (LoA) from South East Central Railway for an engineering, procurement and construction (EPC) contract valued at ₹221.33 crore in Chhattisgarh. According to the company’s disclosure, the project involves replacement of panel interlocking with electronic interlocking, installation of indoor…
It was only a few sessions ago that we were talking to you about the Nifty looking to cross the 23,700 – 23,800 congestion zone on the upside for a move back towards the 24,000 mark. For a brief period, that did happen too. That’s the more important part, the period was brief. In the…
Shares of gems and jewellery firm Rajesh Exports Ltd (REL) hit a fresh lower circuit limit on Monday, tumbling over 14% in the past three days, after the Sebi last week passed an interim order alleging massive financial fraud by the company. The stock tanked 4.98% to hit the lower circuit limit at ₹94.50 on…
Why did this happen? “Several factors came together over Friday and the weekend. First, Broadcom’s guidance on chip revenue pointed to nearly 200 per cent growth, reaching close to $16 billion. While that may sound impressive, it fell slightly short of the market’s elevated expectations,” Raychaudhuri said adding, “Second, a stronger-than-expected US non-farm payrolls report…
Market Expert Sees Better Returns Ahead. (Image: ET Now) Indian equities may have struggled to deliver meaningful returns over the past two years, but improving corporate earnings and attractive valuations are creating a favourable setup for long-term investors, according to Wealth Advisor Rupen Rajguru of Julius Baer. Speaking to ET NOW, Rajguru said the Indian…
