Auto Added by WPeMatico
Bank holiday today: Public and private banks across India will be closed today, on Saturday, 11 July, for the second Saturday weekend off. According to the Reserve Bank of India’s holiday calendar, bank operations will remain suspended across all cities and towns in India today. Even though bank branches will remain closed, digital banking channels,…
The S&P 500 rose to end just short of a record high on Friday, as a blockbuster Nasdaq debut of South Korea’s SK Hynix fueled optimism about memory-chip makers, while investors looked ahead to quarterly earnings season kicking off next week. The artificial intelligence trade returned to the spotlight after SK Hynix opened 14% above…
US President Donald Trump’s annual financial disclosures have been making headlines after they showed that he earned more than $1.4 billion from cryptocurrency ventures in 2025. These filings revealed a highly active investment portfolio that has outperformed the S&P 500. Released last week, the president reported that he had made 21,285 stock trades in 2025,…
With EPS 2026, the pension system for organized sector employees is reformed for transparency and efficiency. It mandates a 36-month wait for withdrawal benefits, enforces a 20-day claim processing deadline, and supports higher pensions, while preserving existing benefits for current members.
A same-sex couple has challenged a provision of the income tax law that exempts gifts exchanged between spouses from taxation but excludes LGBTQ+ couples from the benefit as their marriages are not legally recognised in India. The Karnataka High Court has sought a response from the Union government on a petition filed last year by…
Kusumgar’s Rs 650-crore initial public offering (IPO) ended the subscription process with a blockbuster response on the final day of bidding. The issue was subscribed 129 times against the 1.14 crore shares offered. Qualified Institutional Buyers (QIBs) led the subscription, bidding 284.10 times their reserved quota. The Non-Institutional Investor (NII) portion was subscribed 165 times,…
Waterways Leisure Tourism, the operator of the Cordelia Cruises brand, on Friday announced a stock split in the ratio of 1:10 just seven trading sessions after the shares of the company made their market debut on July 1. The company announced that its board of directors during its meeting today approved the plan to split…
Mukesh Ambani-owned Reliance Industries and Jio Financial Services have announced dates for their June-quarter earnings, setting up two key results from the Reliance group next week. Reliance Industries said its board will meet on Friday, July 17, 2026, to consider and approve the standalone and consolidated unaudited financial results for the quarter ended June 30,…
Sebi has allowed mutual funds to use intraday borrowing facilities to manage short-term liquidity mismatches arising from differences in market settlement timings. The new framework will come into effect from September 1, 2026. It will apply to all mutual funds, asset management companies, trustee companies, boards of trustees and AMFI. The circular replaces earlier guidelines…
When South Korean billionaire Chey Tae-won rang the Nasdaq’s opening bell for SK Hynix‘s $26.5 billion listing on Friday, it marked the ultimate payoff of a bet many once considered risky: buying a loss-making chipmaker that has since become an AI powerhouse. SK Group’s 2012 acquisition of Hynix was viewed as problematic even within the…