Paytm's net profit surged seventy-nine percent year-on-year to two hundred twenty crore rupees. The company's board decided against a bonus issue at this time. They will continue focusing on compounding growth and profitability for shareholders. This decision aims to enhance long-term shareholder value creation. The company emphasized its commitment to sustained financial performance.
Coca-Cola has appointed JPMorgan and Citi for its planned 2027 initial public offering. This significant move involves its majority-owned Indian bottling partner, Hindustan Coca-Cola Holdings. The beverage giant is preparing for this listing and exploring a partial stake sale. This strategy aligns with other global firms tapping into India's growing equity markets. The IPO aims to monetize investments, attracting valuations richer than domestic markets.
Shapoorji Pallonji Group has secured investor commitments for its Rs 21,350 crore refinancing package, backed by its Tata Sons stake. The private credit deal, involving rupee and dollar debt, attracted strong interest from global distressed investors and domestic financial institutions.
Americans’ demand for new credit hit a near five-year high in June, according to New York Fed data. While applications for credit cards and auto loans eased slightly since February, mortgage demand edged up. Meanwhile, more households reported difficulty covering unexpected $2,000 expenses, reflecting ongoing financial pressure.
Indian markets ended lower as escalating Iran-US tensions and rising crude prices weighed on sentiment. Analysts expect geopolitical risks, inflation and central bank actions to remain in focus, while resilient Q1 earnings support selective opportunities. Nifty faces resistance at 24,400 and support near 24,100.
Markets remain cautious amid rising geopolitical tensions, higher crude prices and inflation concerns. Despite global headwinds, encouraging Q1 earnings support sentiment. Analysts recommend buying Jana Small Finance Bank and Lloyds Metals after bullish technical breakouts backed by strong volumes and positive moving averages.
IREN shares surged after the company secured $2.8 billion in AI cloud contracts and raised its 2026 revenue target. Strong demand for GPU infrastructure, backed by major clients like Microsoft and Nvidia, highlights its shift from bitcoin mining to AI, with capacity expansion and prepayment-backed deals supporting growth visibility.
Sebi has imposed a Rs 1 crore penalty on CDSL for cybersecurity failures that enabled a 2022 malware attack, disrupting depository operations and market settlements. The regulator cited inadequate protection of critical systems, weak access controls and poor security monitoring despite prescribed cybersecurity requirements.
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