Shares of Oberoi Realty Ltd. gained over 3% on Wednesday, June 24, after the Haryana Real Estate Regulatory Authority (HRERA) website suggested thath the company’s 360 North Project in Gurugram has received approval. It is Oberoi Realty’s maiden project in the Gurugram market. Brokerages are also positive on the development. BofA Securities has estimated the…
HDFC Bank’s long-running leadership succession process appears to be entering its final phase, with the board expected to finalize its recommendation for a new non-executive chairman by the end of June, according to sources familiar with the matter. Sources told CNBC-TV18 that the country’s largest private sector lender has shortlisted three candidates for the chairman’s…
India has yet to emerge as a major beneficiary of the artificial intelligence (AI) boom, but its economic growth outlook remains solid thanks to strong domestic demand, according to Louis Kuijs, Chief APAC Economist at S&P Global Ratings. Kuijs said the biggest gains from the AI-driven investment cycle are currently flowing to economies that play…
Silver demand in India could see a strong revival in the coming months, with the August-October festive and wedding season typically accounting for nearly half of the country’s annual silver purchases, according to Rahul Mehta, Managing Director of Silver Emporium. Mehta said demand is already showing signs of improvement after a weak spell, but sustained…
Leveraged exchange-traded funds (ETFs) tracking Samsung and SK Hynix may have sold a combined $6 billion worth of shares in the two companies to maintain their leverage ratios, underscoring the role these products play in magnifying market movements, according to a Bloomberg Intelligence report. About 14% of the turnover in Samsung and SK Hynix on…
US equities opened higher on Wednesday, June 24, as technology stocks attempted to recover from a sharp sell-off in the previous session, while energy prices extended losses and investors turned their focus to earnings from Micron Technology. The S&P 500 and Nasdaq Composite both moved higher in early trade, rising around 0.5%, after steep declines…
Vedanta Ltd said on Wednesday, June 24, that it has incorporated a wholly owned subsidiary, Vedanta Property Platforms Ltd (VPPL), in Mumbai, Maharashtra, to undertake real estate business and ancillary activities. The company said VPPL was incorporated on June 22, 2026, with the certificate of incorporation being uploaded on the Ministry of Corporate Affairs portal…
As state-run energy companies accelerate their clean-energy expansion plans, NLC India Renewables Ltd (NIRL), a subsidiary of NLC India Ltd, has signed a joint venture agreement with OREDA Ltd for the development of green energy projects in Odisha. Under the agreement signed on June 23, the two entities will establish, operate and maintain 1,000 MW…
IRFC, HCLTech, Reliance Industries, Bharat Forge and other stocks will be on investors’ radar on Thursday, June 25, following a series of corporate an…Read More 1/10 Bharti Airtel | S&P has upgraded Bharti Airtel’s rating to BBB+ from BBB, citing the company’s growth outlook in India and Africa. The rating upgrade was driven by strong…
Life Insurance Corporation of India (LIC) on June 24 said that its Chief Financial Officer and Key Managerial Personnel, Sunil Agrawal, has resigned from his position to pursue better prospects. According to the state-owned life insurance behemoth’s filing, Agrawal submitted his resignation letter on June 24, 2026. Company said that Agrawal’s resignation will be effective…
