The Indian rupee experienced a robust uptick against the dollar on Friday, sparked by newfound optimism regarding peace talks between the U.S. and Iran. This positive development resulted in a sharp decrease in oil prices, alleviating some of the pressure on India’s import expenses.Read More
IFCI shares surged 20% to hit a 52-week high amid rising expectations of the NSE filing its IPO papers soon. The rally was driven by IFCI’s indirect exposure to NSE through SHCIL. The stock has seen strong gains across short and long-term horizons.Read More
State Bank of India and Bank of Baroda are stepping into uncharted territory as the inaugural users of the Reserve Bank of India’s fresh subsidised hedging mechanism. Their target? A substantial one billion dollars through a series of five-year dollar bonds, a strategy aimed at slashing overseas borrowing expenses.Read More
Stocks with strong mutual fund backing delivered sharp gains in CY26, with 13 names rising 40% to 85% in just over five months. Data show 268 stocks held by over 100 schemes, signalling broad institutional conviction and reinforcing momentum in select high-performing counters across sectors.Read More
Vedanta’s landmark demerger is set to unlock value for shareholders, with four newly created entities scheduled for listing and trading on June 15 through a special pre-open session.Read More
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