Banking liquidity surplus shrinks to Rs 541 crore as cash crunch increases

Shares of Hindustan Zinc rose 2% to their day’s high of Rs 541 on the BSE on Monday as multiple brokerages reiterated their ‘Buy’ calls for the Vedanta Group company after it reported a whopping 145% year-on-year (YoY) surge in net profit to Rs 5,469 crore for the first quarter of FY27. Hindustan Zinc, India’s…

With just days left before the July 31 deadline for most individual taxpayers, the Income Tax Department has said that more than 5 crore Income Tax Returns (ITRs) have already been filed for Assessment Year (AY) 2026-27. In a post on X, the department urged eligible taxpayers to avoid the last-minute rush and submit their…

Shares of Power Grid gained around 1.5% on Thursday after the company received a letter of intent (LoI) to build an inter-state transmission system for evacuation of power from Barmer in Rajasthan to South Kalamb in Maharashtra. State-owned Power Grid, in an exchange filing, said it was declared as a successful bidder under the tariff-based…

Shares of HDFC Bank gained 2.7% to their day’s high of Rs 739.50 on the BSE on Monday after a host of brokerages retained bullish calls on the stock after Managing Director and CEO Sashidhar Jagdishan decided not to seek another term at the helm of the country’s largest private lender. Jagdishan’s current tenure ends…

Asian equities edged lower as technology shares remained under pressure, with Samsung Electronics Co. declining after its earnings report. The MSCI Asia Pacific Index fell 0.3%, with decliners narrowly outnumbering gainers. Technology stocks led the losses, with Samsung falling over 5% even after quarterly profit surged 19-fold. The Kospi Index retreated 3.5%, while SK Hynix…

Quarterly earnings reports from banks, along with inflation data and other economic releases next week, will offer US stock investors insight into the strength of corporate profits and the path of interest rates, two factors influencing the market’s rally. On Tuesday, the S&P 500 hit an all-time closing high, its first since mid-August. Its year-to-date…