Ten stocks saw the biggest month-on-month decline in mutual fund holdings in July, led by HDFC Bank, Axis Bank and L&T. Varun Beverages, Dr Reddy’s Labs, BOB and Avenue Supermarts also recorded significant reductions, reflecting mixed buying and selling activity among mutual funds across major stocks.
Raymond shares rose nearly 4% on Monday after the company appointed former Bharat Electronics chief Bhanu Prakash Srivastava as the chief executive officer (CEO) of its defence business. The stock gained nearly 4% to hit an intraday high of Rs 632 on the NSE. It later gave up some gains and was last trading at…
After PhonePe founder and CEO Sameer Nigam assured consumers that UPI payments would remain free for them, Razorpay’s chief Harshil Mathur has also come out in support of keeping UPI transactions free for users. The clarification comes after the Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026, which allows the government to…
The Income Tax Department has updated the ITR-1 (Sahaj) Excel utility for Assessment Year (AY) 2026-27, introducing several new disclosure requirements for eligible taxpayers. While the revised utility retains the simplified return format, it requires more detailed reporting in certain schedules relating to house property, rental income and deduction claims. The changes are reflected in…
DBS Group, Singapore’s largest bank, raised its full-year guidance after reporting a stronger-than-expected 9% rise in second-quarter net profit, supported by robust growth in wealth management, treasury customer sales and trading income, according to Reuters. The lender posted a record quarterly net profit of S$3.08 billion ($2.40 billion) for the April-June period, surpassing analysts’ expectations….
Bank holidays next week: Private and public sector banks in India will remain closed for four days in the upcoming week between 13 to 19 July, 2026. The Reserve Bank of India (RBI) has listed a total of 12 holidays in July due to national, regional, and religious holidays. This include the weekend holidays for…
Shares of information technology major Infosys declined 2.6% to their day’s low of Rs 1,027 on the BSE on Friday after global brokerages issued bearish calls on the stock after the company trimmed the upper end of its revenue growth guidance to 1.5%-3% in constant currency, while maintaining its operating margin outlook at 20-22%. The…