Bajaj Finance reported a robust consolidated net profit of ₹5,464.6 crore for Q4FY26, a 22% year-on-year increase driven by a 20% rise in net interest income and 22% AUM growth. In a separate announcement, Rajiv Bajaj will step down from the company’s board after the annual general meeting on July 30.Read More

The Federal Reserve kept interest rates unchanged. However, the decision revealed significant disagreements among officials. Three policymakers opposed the statement’s bias towards lowering borrowing costs. Inflation is a growing concern, partly due to rising global energy prices. This marks the most divided decision since 1992, setting the stage for new Fed Chair Kevin Warsh.Read More

Vedanta anticipates a strong FY27 driven by record profits. The company plans to significantly reduce debt, invest in expansion, and continue rewarding shareholders. Leverage is projected to reach a new low. Vedanta is also proceeding with its demerger, with four new companies set to list soon. Some businesses are expected to be debt-free post-demerger.Read More

Vedanta is set to undergo a significant restructuring. From May, the company will be divided into five separate entities. The main Vedanta entity will trade independently from Thursday, excluding the four newly demerged businesses. Shareholders will receive one share in each of the four new companies for every Vedanta share they hold.Read More

Digital lending platform Kissht, operated by OnEMI Technology Solutions, plans an IPO to raise ₹850 crore for its lending subsidiary. Despite strong AUM and customer growth, elevated NPAs and a heavy reliance on unsecured personal loans pose risks. Investors may await financial stability post-listing.Read More

Sebi has fined Axis Trustee Services ₹10 lakh. The penalty is for not promptly disclosing a ruling against former REIT executive Aravind Maiya. The National Financial Reporting Authority found Maiya guilty of misconduct. This information was crucial for unitholders and stock exchanges. Axis Trustee’s delay in disclosure led to the regulatory action.Read More

Foreign investors have sold Indian stocks worth over ₹1.8 lakh crore in 2026. This outflow exceeds 2025’s total. A weak rupee, high oil prices, and fewer AI investment chances are driving this trend. This selling is the most in the first four months of any year. South Korea and Taiwan saw more foreign interest due...Read More

The Delhi High Court ruled shareholders do not own company assets. They only own shares. Therefore, they cannot be taxed on a company’s income. Dividend income may be taxed. The court dismissed appeals by the Income Tax Department. It upheld a tribunal’s order. Shareholders were not beneficial owners of company assets.Read More

The Indian rupee hit a record closing low of 94.85 against the US dollar on Wednesday. High oil prices and consistent dollar demand pressured the currency. The Reserve Bank of India intervened to support the rupee. Analysts expect continued volatility driven by crude oil prices and capital flows. The rupee is facing selling pressure at...Read More

Indian stock markets saw a strong rise on Wednesday. The Nifty and Sensex gained 0.8 percent each. This surge was fueled by positive earnings from major companies. Peace in West Asia also contributed to the market’s upward movement. Despite high crude oil prices, investors showed confidence. Markets are expected to consolidate in the coming days.Read More