Markets closed marginally lower on Tuesday due to trade concerns, with Nifty approaching key support. Tech Mahindra reported better-than-expected Q2 revenue, while Ola Electric is poised to enter the energy storage market. Several other companies like Axis Bank and ICICI Lombard will announce Q2 results today.Read More
LG Electronics is set to tap into India’s software talent for its semiconductor, robotics, and AI product development. The company also aims to boost exports of components from India. This strategic move capitalizes on India’s growing capabilities and cost-effectiveness. LG Electronics sees India as a key partner for innovation and global market expansion.Read More
Canara HSBC Life Insurance Company’s IPO concluded its bidding on Tuesday, achieving an overall subscription of 2.29 times. While retail and non-institutional investors showed lower interest, qualified institutional investors drove significant demand. The offer for sale, comprising 23.75 crore shares, aims to raise ₹2,517.5 crore.Read More
Investors rushed to buy LG Electronics India shares on its stock market debut. Some mistakenly purchased shares of LG Balakrishnan and Bros, a different company. This led to a surge in LG Balakrishnan’s stock price. The error was later realized, and the stock price reversed. Similar mix-ups have happened before in the market.Read More
Indian stock indices fell for a second day as global investor unease over US-China tensions weakened risk appetite. Gold prices hit a new all-time high, attracting funds from equities. Analysts anticipate a positive setup for Nifty and expect outperformance from Bank Nifty, with buying interest seen in banking and financial stocks.Read More
The International Monetary Fund has increased India’s economic growth forecast for the fiscal year 2026 to 6.6 percent. This positive outlook comes despite recent US tariffs on Indian goods. India is projected to achieve the highest growth rate among advanced economies, emerging markets, and developing countries for the current and next fiscal years.Read More
Asian stocks rebounded as Fed Chair Powell’s comments reinforced expectations for an October rate cut, boosting sentiment despite renewed US-China trade tensions. While contracts for the S&P 500 remained little changed, gold traded near its peak, and crude oil hovered near a five-month low.Read More
ICICI Lombard General Insurance saw an 18% net profit increase in Q2 FY26 despite a 1.9% dip in gross direct premium income. The insurer’s combined ratio edged up to 105.1%, with a dividend of ₹6.5 per share declared. The company maintains a solvency ratio of 2.73x, exceeding regulatory requirements.Read More
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