Kotak Institutional Equities remains bullish on India’s banking sector. (AI Generated Image) India’s banking sector is entering a more constructive phase, with future stock re-rating likely to be driven by improving profitability rather than balance sheet repair, ANI quoted a report by Kotak Institutional Equities. The brokerage said the investment case for banks remains intact…
Bharat Coking Coal Ltd (BCCL) reported a 12.5% year-on-year decline in coking coal production to 2.17 million tonnes (mt) in June, while raw coal offtake remained largely flat at 2.69 mt, according to the company’s provisional monthly production performance. Overall raw coal production declined 11.8% YoY to 2.29 mt during the month, compared with 2.60…
Private sector lender Dhanlaxmi Bank on Wednesday (July 1) reported provisional business updates for the quarter ended June 30, 2026, with total deposits rising 17.1% year-on-year to ₹19,403 crore and gross advances increasing 26.47% to ₹15,785 crore. The bank’s total business stood at ₹35,188 crore as of June 30, 2026, up 21.12% from ₹29,051 crore…
Sai Parenterals Ltd. on Wednesday said its subsidiary, Noumed Pharmaceuticals Pty Ltd., has entered into an exclusive over-the-counter (OTC) medicines supply agreement with one of Australia’s leading pharmacy networks. The contract is valued at AUD 202 million, equivalent to around ₹1,300 crore, the company said in an exchange filing. The agreement will come into effect…
Bharti Airtel Ltd. on Wednesday said its wholly-owned subsidiary, Airtel Money Ltd., has commenced commercial operations as a Type II Non-Deposit Accepting NBFC [Type II-NBFC-ND (ICC)], marking a significant step in the telecom operator’s expansion into digital financial services. The company informed the exchanges that Airtel Money has started operations pursuant to the Certificate of…
US stock futures edged lower on Wednesday, July 1, as investors turned cautious at the start of the second half of 2026, following a strong first-half rally on Wall Street and ahead of remarks from Federal Reserve Chairman Kevin Warsh that could offer fresh clues on the interest-rate outlook. Futures tied to the Dow Jones…
Lloyds Metals and Energy reported its highest-ever first-quarter iron ore production of 6.05 million tonnes in Q1FY27, marking a 53% year-on-year increase, as the company said it remains on track to produce 26 million tonnes of iron ore in FY27. The company said the strong performance continued the momentum seen in FY26. It added that…
Market expert Rohit Srivastava tells ET Now Nifty could rally towards 25,000 after crossing 24,310. (Pic Credit: YouTube/ETNOW) Highlights Rohit Srivastava sees Nifty targeting 25,000 after a decisive breakout above 24,310; 23,860 remains key support. Bullish on banking, real estate, auto and pharma; cautious on IT, while monitoring metals for a bottom. FMCG offers short-term…
Fintech firm Zaggle Prepaid Ocean Services Ltd has entered into a five-year agreement with Hindustan Petroleum Corp. Ltd (HPCL) on Wednesday, July 1, to support the oil marketing company’s flagship fleet programme, Drive Track Plus, the company said in an exchange filing. Under the agreement, Zaggle will provide loyalty reward points funded by HPCL for…
52-week low! Why KPIT Technologies shares plunged 17%? The European connect explained (Image source: Shutterstock/ET NOW) KPIT Technologies shares plunged 17%: Shares of KPIT Technologies plunged 17 per cent to hit a fresh 52-week low today after the Pune-based company’s profit warning for the first quarter (April to June) of the financial year 2026-27. The…
