SBI Funds IPO subscribed 2.77 times on Day 2; NII segment leads demand

Mumbai: Foreign investors returned to financials in the second half of June, buying shares worth ₹14,634 crore after pulling out ₹11,263 crore in the first part of the month, boosted by inflows linked to global equity index rebalancing and value purchases. This is their highest fortnightly purchase in financials in 2026 and the first since…

Switching jobs may no longer require one of the most time-consuming Employees’ Provident Fund (EPF) formalities. The (EPFO) has announced that provident fund balances linked to an Aadhaar-seeded Universal Account Number (UAN) will now move automatically when an employee joins a new organisation, eliminating the need to submit a separate transfer request. The change follows…

Government employees cannot be denied pension and other retirement benefits solely because they remained absent from work without sanctioned leave, the Orissa High Court has ruled. The court held that unauthorised absence, by itself, does not amount to grave misconduct warranting compulsory retirement unless the employer establishes that the absence was wilful. The judgment came…

Shares of aerospace player Aequs rallied another 12% on Wednesday, extending their two-day gain to nearly 17%, after brokerages initiated coverage with bullish calls, seeing up to 83% upside from current levels. Aequs shares soared to a fresh lifetime high of Rs 271 apiece on the NSE on Wednesday. The sharp gains added more than…

At the recent low of 12514 points, the Sensex has tested the 12800-12000-pts support zone and has since then attempted a corrective rally. During the past trend phases in the Sensex, a monthly moving average convergence/divergence (MACD) cross-down below its trigger line, have, typically, led to a significant value erosion, with the corrective phase lasting,…

Mumbai: A glitch at Groww, India’s largest brokerage, prevented clients from withdrawing their funds from their accounts during equity market trading on Friday. Some users took to social media, claiming they were also unable to deposit money into the account. In response to an email query, a Groww spokesperson said the issue was caused by…