&w=3840&q=100)
Stock Market LIVE: GIFT Nifty up; Asia buzzing, Japan inflation cools; RIL, Axis, Wipro Q1 in focus
7:08 AM
Stock Market LIVE Updates: ₹25K cr SBI QIP draws bids worth ₹1 trn; LIC, domestic MFs lead charge
Stock Market LIVE Updates: State Bank of India (SBI), the country's largest lender, attracted bids worth nearly ₹1 trillion for its ₹25,000 crore ($2.9 billion) qualified institutional placement (QIP), with local institutions leading the charge, according to people in the know.
Sources said Life Insurance Corporation (LIC) of India placed bids worth over ₹5,000 crore, while domestic mutual funds (MFs), such as SBI MF, ICICI Prudential MF, Aditya Birla Sun Life MF, and HDFC Bank, bid for over ₹1,500 crore each. About half a dozen foreign portfolio investors (FPIs), including Singapore's GIC and Capital International, also participated in the QIP.
7:04 AM
Stock Market LIVE Updates: RIL Q1 Preview: Profit to see strong YoY growth led by retail, Jio, and O2C
Stock Market LIVE Updates: India's top listed firm, Reliance Industries (RIL), is expected to post a strong first-quarter performance, driven by robust growth in its retail, telecom, and oil-to-chemicals (O2C) segments, according to analysts.
The Mukesh Ambani-led conglomerate is scheduled to announce its first-quarter results for the current financial year (Q1FY26) on July 18.
According to a Bloomberg poll, 18 analysts estimated consolidated revenues of ₹2.42 trillion (up 4.48 per cent year-on-year) and 7 forecast a net adjusted income of ₹20,059 crore (up 32 per cent Y-o-Y) for Q1FY26.
ICICI Securities projects a 15 per cent Y-o-Y rise in the oil-to-telecom conglomerate's consolidated Ebitda and a 25 per cent jump in net profit. Retail earnings are expected to grow 18 per cent, while Jio's Ebitda may increase 17 per cent Y-o-Y and 2.7 per cent sequentially, the brokerage said. READ MORE
7:03 AM
Stock Market LIVE Updates: US retail sales rebound, beat estimates in June
6:58 AM
Stock Market LIVE Updates: India likely to settle for 10-15% tariff in interim trade deal with US
Stock Market LIVE Updates: India may have to settle for tariffs of up to 15 per cent on its shipments under the interim trade deal with the US, currently under discussion, a government official said requesting anonymity. This will still put it in a better position than competing developing countries, such as Indonesia (19 per cent) and Vietnam (20 per cent), which have agreed to higher tariffs in deals with Washington.
'The US made it clear to us that even in trade deals, the 10 per cent base tariff will remain, though we were hoping to get relief on that. Now, we are seeking a 10 per cent tariff on our labour-intensive exports, such as apparel, leather, footwear, and gems & jewellery, and up to 15 per cent tariff on non-labour-intensive items,' the official said, adding: 'Ours will be a much more nuanced and balanced deal than the one finalised by the US with Indonesia.'
US President Donald Trump on Tuesday said a trade deal with India would be on the 'same line' as that with Indonesia, which will face a 19 per cent tariff.
6:57 AM
Stock Market LIVE Updates: Japan inflation eases to 7-month low of 3.3% in June
Stock Market LIVE Updates: Japan's annual inflation cooled to 3.3 per cent in June 2025 from 3.5 per cent in May, the lowest since November 2024. The decline was driven by a sharp drop in electricity and gas prices, which offset continued price pressure from rice. Core inflation also came in at 3.3 per cent, a three-month low and in line with market expectations.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
9 minutes ago
- Mint
Dividend Stocks: LIC, Hero MotoCorp, Union Bank, Zydus, others to trade ex-dividend next week; check full list
Dividend Stocks: Shares of several companies, such as Life Insurance Corporation of India (LIC), Hero MotoCorp, Union Bank of India Zydus Lifesciences and others, are expected to trade ex-dividend next week, according to BSE. Some of the major companies have announced various corporate actions, including the bonus issue, stock split, buyback of shares and others, as per BSE data. The day when the equity share price adjusts to reflect the next dividend payout is known as the ex-dividend date. When the stock becomes ex-dividend, it means that the stock no longer includes the value of its upcoming dividend payment from that day onwards. Dividends are payable to all the shareholders whose names appear on the company's list by the end of the record date. Acceleratebs India, Anupam Rasayan India, OCCL, Orient Bell, Shree Cement, Thangamayil Jewellery and Windlas Biotech declared ex-dividend. Happy Forgings, Hind Rectifiers, Menon Pistons, SIL Investments, Siyaram Silk Mills, Strides Pharma Science, Voltamp Transformers, Wires & Fabriks SA declared ex-dividend. Aditya Birla Sun Life AMC, Advanced Enzyme Technologies, Banswara Syntex, Bhatia Communications & Retail (India), D B Corp, EL CID Investments, Greaves Cotton, Heritage Foods, K P R Mill, Mahindra Logistics, Metal Coatings India, NESCO, Novartis India, Pidilite Industries, Precision Camshafts, Route Mobile and Sonata Software declared ex-dividend. 20 Microns, Birlanu, Bliss GVS Pharma, Cholamandalam Investment and Finance Company, Crompton Greaves Consumer Electricals, Fiem Industries, Hatsun Agro Product, Hero MotoCorp, IVP, Paushak, Privi Speciality Chemicals, Radico Khaitan, Sanco Trans and TCPL Packaging declared ex-dividend. Companies such as 3M India, Abbott India, Akzo Nobel India, Albert David, Arvind, Arvind SmartSpaces, Associated Alcohols & Breweries, Bemco Hydraulics, Bhageria Industries, Bharti Hexacom, BN Rathi Securities, Bombay Cycle & Motor Agency, Capital Small Finance Bank, Centum Electronics, Divis Laboratories, Fine Organic Industries, Flex Foods, Fortis Healthcare, GMM Pfaudler, GOCL Corporation, HB Stockholdings, ICRA, Indian Metals & Ferro Alloys, Infobeans Technologies, Jubilant Ingrevia, Jubilant Pharmova, KEC International, Kirloskar Brothers, Life Insurance Corporation of India, Lupin, Mafatlal Industries, Mukand, Info Edge (India), Nelcast, Nitta Gelatin India, Orient Cement, Precision Wires India, Sealmatic India, Shriram Pistons & Rings, Steelcast, Sumitomo Chemical India, Thyrocare Technologies, Tube Investments of India, Timken India, Transworld Shipping Lines, Union Bank of India and Zydus Lifesciences declared ex-dividend. Focus Business Solution: Bonus issue in the ratio of 29:50 on Monday, July 21, 2025. Tanla Platforms: Buy back of shares on Wednesday, July 23, 2025. IRB InvIT Fund: Income Distribution (InvIT) on Thursday, July 24, 2025. Spandana Sphoorty Financial: Right issue of equity shares on Thursday, July 24, 2025. Kellton Tech Solutions: Stock split from ₹ 5 to Re 1 on Friday, July 25, 2025. RIR Power Electronics: Stock split from ₹ 10 to ₹ 2 on Friday, July 25, 2025. Taaza International: Resolution plan (suspension) on Friday, July 25, 2025.
The Hindu
2 hours ago
- The Hindu
Kharge slams Modi's development claims, says only Congress guarantees have brought relief to people
Congress president Mallikarjun Kharge tore into the Narendra Modi-led Union government at a rally in Mysuru on Saturday and trashed its development claims as hollow while asserting that only the Congress' guarantee schemes had brought relief to the people. Mr. Kharge was speaking at Sadhana Samavesha organised by the government, in which 74 development projects worth ₹2,578 crore were either inaugurated or foundation stone laid for them. Copied schemes The AICC chief said that though the BJP was critical of the guarantee schemes announced by the Congress in the run-up to the last Assembly elections in the State, the former had ended up announcing similar schemes in States where it is in power. 'But I have visited most of the BJP-ruled States in the country and none of their guarantee schemes have been implemented properly on the ground,' said Mr. Kharge, who rebuked Mr. Modi for failure to implement welfare schemes. The Prime Minister should visit Karnataka and see for himself how the guarantee schemes have been implemented and how they have been benefiting crores of people, Mr. Kharge added. Taking on the Modi-led government and the BJP on development issues, Mr. Kharge said that when the Congress is in power, it empowers the people socially and economically, while the BJP's policies result in the concentration of wealth in the hands of a few people. Mr. Modi keeps asking what the Congress has done for the country during the years it was in power. But instead of talking of the Congress, let him tell the country what the BJP has done in the last 10 years, dared Mr. Kharge. Economic viability Dismissing sceptics who had questioned the economic viability of the guarantee schemes, Mr. Kharge claimed that if the government had gone bankrupt, it would not have sanctioned ₹50 crore for each MLA to take up development works or launched new projects. These are welfare schemes and they are benefitting crores of people, said Mr. Kharge. The five guarantee schemes of the Congress implemented in Karnataka are known all over the country, said Mr. Kharge and challenged the BJP to show one similar welfare programme launched by it which had worked on the ground. The Congress president dismissed reports of the flight of capital from Bengaluru to Andhra Pradesh or other neighbouring States and said, on the contrary, investors were courting Karnataka. ''When the Congress is in power, Lakshmi, the goddess of wealth, graces the State with prosperity but when the BJP is in power, she turns are back and flees,'' quipped Mr. Kharge. Ready for debate Chief Minister Siddaramaiah, speaking on the occasion, dared the Opposition BJP and JD(S) to a debate on the development works in the State. The leaders of the two parties, who were misleading the people of the State 'with a series of lies', should come to one platform for a debate on the development works of the government. 'I too will come,' he said. Deputy Chief Minister D.K. Shivakumar said the Congress had silenced the Opposition parties with its works, and said the 'hasta' (the party's hand symbol) had given strength to women through the guarantees. 'The government has given a befitting reply to its critics with its works. Each family gets around ₹5,000 a month through the guarantees, ensuring financial stability,' he noted.
Time of India
3 hours ago
- Time of India
Unlike Mark Zuckerberg's Meta, Microsoft may sign EU AI code of practice: 'Our goal is to...'
Microsoft is leaning towards signing the European Union's AI code of practice even as Mark Zuckerberg-led Meta has rejected the guidelines, citing significant "legal uncertainties." According to a report, the Windows maker appears to sign the European Union's voluntary code of practice designed to help companies comply with the bloc's landmark Artificial Intelligence Act. According to a report by news agency Reuters, Microsoft President Brad Smith said on Friday (July 18) that the company will have to read the documents. 'I think it's likely we will sign. We need to read the documents,' Smith said. 'Our goal is to find a way to be supportive and at the same time one of the things we really welcome is the direct engagement by the AI Office with industry,' he added, referring to the EU's primary AI regulatory body. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Aussies Are Raving About This Device That Cuts Heating Bills Fast BlumeHeat Learn More Undo What is AI code that Europe want tech companies to sign The code of practice, developed by 13 independent experts, aims to offer legal clarity to its signatories. Companies that sign on will be required to publish summaries of the data used to train their general-purpose AI models and implement policies adhering to EU copyright law. This code forms a component of the AI Act, which officially came into force in June 2024 and will apply to a vast array of tech companies, including Google's parent company Alphabet, Meta, OpenAI, Anthropic and Mistral. Meta rejects AI code, says 'won't be signing it' Meta, however, has reiterated its strong criticism of the code with Joel Kaplan, Meta's chief global affairs officer, stating in a LinkedIn blog post that the social media giant won't sign it. 'Meta won't be signing it. This code introduces a number of legal uncertainties for model developers, as well as measures which go far beyond the scope of the AI Act,' he said. Kaplan indicated that the US social media giant shares concerns previously raised by a group of 45 European companies. He warned that this perceived 'over-reach will throttle the development and deployment of frontier AI models in Europe, and stunt European companies looking to build businesses on top of them.' Notably, other prominent AI developers, OpenAI and Mistral, have already signed the code of practice. Free phone or empty Bank Account: New scam alert AI Masterclass for Students. Upskill Young Ones Today!– Join Now
