FIIs cut stake in 12 smallcap stocks over 2 quarters; shares fall up to 50% in CY26

Delhi Lakshmi Yojana: The Delhi government is set to soon launch its flagship financial aid programme for women beneficiaries in the state. Initially rolled out by the AAP-led government, the current Chief Minister Rekha Gupta-led BJP government has rebranded the scheme from Mahila Samriddhi to Delhi Lakshmi Yojana. The scheme will be implemented by the…

Domestic airfares are 30-40% higher than a year ago as fuel costs, a weaker rupee and limited flight capacity squeeze festive travel budgets.

India’s next phase of growth could be driven by a broader set of industries than the traditional large-cap leaders. From aerospace and electronics to CDMO, auto ancillaries and niche capital goods, several sectors are emerging as potential beneficiaries of manufacturing, supply-chain and structural shifts. But with valuations richer in parts of the market, identifying the…

Tata Capital, the non-banking finance company of the Rs 15-lakh-crore turnover Tata Group, has raised $400 million by selling dollar bonds abroad, people familiar with the matter told ET. “Real money investors, including asset managers from Asia and Europe, dominated the demand for bonds, which were not open to US investors since it was a…

The Union Cabinet has hiked dearness allowance by 3% for central government employees and pensioners, raising the component from 60% to 63% of basic pay, effective from 1 July, as per the 7th Central Pay Commission recommendation. Under 7th CPC recommendations, DA is hiked twice a year, using data from the All-India Consumer Price Index…

Mumbai: SBI Funds Management, India’s largest asset manager, has set the price band for its ₹11,693 crore initial public offering (IPO) at ₹545-574 per share. The issue pricing represents a discount of about 30% to the unlisted price of around ₹820 earlier this week, dealing a blow to the scores of investors who have bought…