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The Enforcement Directorate (ED) on Thursday conducted raids at properties linked to Reliance Group chairman Anil Ambani and Yes Bank in a ₹3,000-crore loan fraud case. More than 35 locations across Mumbai and Delhi are being searched under the Prevention of Money Laundering Act (PMLA). The operation involves probing around 50 companies and 25 individuals, officials said.
short by Anmol Sharma / 12:28 pm on 24 Jul
Bajaj Finance is expected to report strong Q1 growth in net profit and NII, supported by solid loan expansion. Analyst Rohit Mehta flagged a bullish cup-and-handle breakout above ₹840, with support at ₹760-800. Retail sentiment is bullish, while FIIs raised their stake in the June quarter; high valuation and low interest coverage remain risks.
short by / 10:24 am on 24 Jul
Rajoo Engineers raises ₹160 crore through QIP
short by / on 24 Jul 2025,Thursday
Rajoo Engineers successfully raised ₹160 crore via a QIP, allotting 1,46,78,900 shares at ₹109.00 each. The QIP, which closed on July 21, 2025, saw strong demand from diverse institutional investors, resulting in increased FII and DII holdings. Funds will fuel inorganic growth through strategic acquisitions, expanding product portfolios, market reach, and technological capabilities.
short by / 09:58 am on 24 Jul
MIC Electronics Ltd., an LED display, lighting, telecom, railway, software, and medical equipment manufacturer, is holding a Board Meeting on July 25, 2025. The key agenda is to discuss and approve the acquisition of a Singapore-based company, including related documentation. The stock has delivered remarkable returns: 340% in 3 years and an astounding 5,700% in 5 years.
short by / 10:09 am on 24 Jul
Suzlon’s peer-Inox Wind secured a 51 MW turbine order from First Energy Private Limited (Thermax Group) for a Tamil Nadu project. The order includes 3 MW class turbines with 140m hub height and 145m rotor diameter. Inox Wind will provide supply, EPC, supervision, and multi-year O&M services. The company has an order book of 3.2 GW as of March 2025.
short by / 10:06 am on 24 Jul
Man Infraconstruction Ltd converted 1.58 crore convertible warrants into equity shares on July 22, raising ₹184.62 crore. Fifty warrant holders exercised their conversion rights. Notably, 26.30 lakh warrants remained unexercised, and their associated funds were forfeited as per SEBI regulations. This strategic move aims to strengthen the company's financial position and fuel future growth.
short by / 10:22 am on 24 Jul
Urban Enviro Waste Management Ltd, established in 2011, offers waste management and MSW services. They secured a ₹28.27 lakh contract from Bilimora Nagarpalika, Gujarat, for processing legacy solid waste under Swachh Bharat Mission-2.0. This two-month project highlights their role in urban sanitation. The stock has risen over 20% from its 52-week low of ₹136.05 per share.
short by / 10:32 am on 24 Jul
Indian markets traded cautiously ahead of weekly expiry and India-UK trade deal. Nifty faced resistance at 25,250-25,350, weighed down by IT stocks like Persistent and Coforge. Pharma, metals, and auto gained despite bearish retail sentiment amid FII selling. Analysts advised watching PSUs, EMS, and copper-linked sectors for strong intraday levels.
short by / 10:23 am on 24 Jul
Markets are poised for a positive open on July 24, with key stocks like Infosys, Dr Reddy's, and Bajaj Finance on investors' radar after upbeat Q1 results. Several firms including Nestle India, SBI Life, Canara Bank, and ACC will announce earnings today. Global cues remain favorable following the US-Japan trade deal, boosting investor sentiment in Asia.
short by / 09:27 am on 24 Jul
IFL Enterprises gets LOI for 12% stake sale
short by / on 24 Jul 2025,Thursday
IFL Enterprises, an Ahmedabad-based agri-commodity company, received LOI from Singapore's Unique Global Managed Services PTE. Ltd to acquire 12% equity at ₹2 per share, a 100%+ premium to its July 22, 2025, price of ₹0.97. This strategic investment aims to bolster capital and growth. The board will review it on August 1, 2025. Four FPIs recently acquired a 16.08% stake.
short by / 09:54 am on 24 Jul
American Eagle Outfitters surged 22% in after-hours trading after launching a fall campaign featuring actress Sydney Sweeney. Her influence sparked viral buzz across Stocktwits, Reddit, and X, flipping retail sentiment to 'extremely bullish'. Despite recent weak earnings, hopes of a turnaround via celebrity appeal echo a broader meme stock resurgence.
short by / 10:12 am on 24 Jul
SEBI-registered analyst Vinay Taparia has flagged six breakout stocks - Maharashtra Seamless, Ramco Systems, Happy Forgings, Genus Power, Coral Finance, and GE Vernova, citing bullish chart patterns like wedges, morning stars, and trendline supports. If key resistance levels are crossed, these stocks may see 15-30% gains over the short to medium term.
short by / 10:09 am on 24 Jul
Nifty reclaimed 25,200, closing above its 20-day EMA and forming a bullish candle with rising volume. SEBI RAs say a sustained move above 25,250-25,300 may trigger a rally toward 25,400-25,500. Derivatives data shows heavy positioning around 25,200, while support remains firm at 25,000. With VIX near 15-month lows, analysts remain moderately bullish ahead of expiry.
short by / 09:24 am on 24 Jul
US lawmakers subpoenaed JPMorgan and Bank of America CEOs for aiding Chinese battery giant CATL's $5.2 billion Hong Kong IPO, citing its Pentagon watchlist status and alleged military ties. The House China Committee warned banks in April of regulatory and reputational risks. Despite backlash, both banks defended involvement, prompting criticism over aiding "Beijing bankroll abuse."
short by / 10:18 am on 24 Jul
Alphabet’s Q2 revenue rose 14% YoY to $96.43 billion, with EPS at $2.31, beating expectations. CEO Sundar Pichai credited AI-led growth in Google Search, YouTube, and Cloud. Google Cloud grew 31.7%, crossing a $50 billion run rate. With Shorts matching in-stream ad revenue per hour, retail sentiment turned bullish as $GOOGL eyed a $200 breakout.
short by / 10:20 am on 24 Jul
Tesla shares fell 4% after Q2 sales slumped for a second straight quarter. Meanwhile, Alphabet rose 1.8% on earnings beat, Nvidia gained 1.2% as AI policy optimism grew, and Broadcom climbed 2.8% amid Meta chip project reports. Amazon edged up 0.7% after acquiring AI startup Bee and a BofA price target hike citing strong retail, FX tailwinds, and AI momentum.
short by / 10:21 am on 24 Jul
JSW Infra is eyeing ₹8,000 crore revenue by FY2030 from its logistics business. It also plans to invest ₹9,000 crore for expanding its logistics segment in next five years. JSW Infra had earlier announced its plans to increase its cargo handling capacity to 400 mtpa by FY2030 or earlier, up from the current capacity of 177 mtpa.
short by / 09:18 am on 24 Jul
Google Pixel 10 series launching on August 21
short by / on 24 Jul 2025,Thursday
Google will launch the Pixel 10 series, including Pixel 10, Pixel 10 Pro, Pixel 10 Pro XL, and Pixel 10 Pro Fold, in India on August 21. GStore subscribers signing up before August 19 will receive exclusive promotional codes. Benefits of buying via Google Store include exchange bonuses, Store credits, and no-cost EMIs for up to 24 months.
short by / 09:15 am on 24 Jul
Rupee may rise briefly on US trade deal optimism
short by / on 24 Jul 2025,Thursday
The Indian rupee is poised to open higher on Wednesday, supported by upbeat risk appetite following progress on US trade deals, although traders expect the move to be short-lived based on recent price action. The 1-month non-deliverable forward indicated the rupee will open in the 86.34-86.36 range versus the US dollar, compared with the close of 86.4075 in the previous session.
short by / 10:05 am on 24 Jul
Yen, euro buoyant on trade progress
short by / on 24 Jul 2025,Thursday
The euro crept toward its highest level in nearly four years on Thursday while the yen held to gains following more progress on trade deals between the United States and its largest trading partners, which in turn lifted the broader market mood. Currencies steady despite Trump's upcoming Fed visit.
short by / 10:15 am on 24 Jul
Gold prices held steady on Thursday after a sharp drop in the previous session, as easing trade tensions dented demand for safe-haven assets, overshadowing support from a weaker dollar. Spot gold was flat at $3,387.15 per ounce, as of 01:38 GMT, after dropping 1.3% in the previous session. US gold futures eased 0.1% to $3,492.50.
short by / 09:55 am on 24 Jul
Shares in Asia rallied, and the Australian dollar hit an eight-month high on Thursday as optimism over earnings and trade supported demand for higher-yielding assets. Tokyo's Topix hit a record high after a Japan-U.S. trade pact boosted hopes of more deals to avoid tariffs. Nasdaq and S&P futures rose as Alphabet's strong earnings kicked off the "Magnificent Seven" results season.
short by / 09:45 am on 24 Jul
Over 1,500 orders issued to block online gambling platforms: Govt
short by Girish Kumar Anshul / on 24 Jul 2025,Thursday
The government has issued 1,524 blocking directions related to online betting/gambling/gaming websites and mobile applications between 2022 and June 2025, MoS for IT Jitin Prasada told Parliament. These comments come at a time when authorities are investigating celebrities and tech giants for allegedly promoting illegal betting apps, including Junglee Rummy, A23, JeetWin, and Parimatch.
short by Girish Kumar Anshul / 11:37 am on 24 Jul
Tilaknagar Industries to acquire Imperial Blue for ₹4,150 crore
short by Shristi Acharya / on 24 Jul 2025,Thursday
Alcobev firm Tilaknagar Industries has signed a definitive agreement to acquire Imperial Blue brand for ₹4,150 crore from the Indian arm of French firm Pernod Ricard. The consideration includes a deferred payment of ₹282 crore, to be paid four years after the date of the closure of the transaction. Imperial Blue is the third-largest whisky brand in India by volume.
short by Shristi Acharya / 11:59 am on 24 Jul
India's net FDI falls 98% YoY in May as repatriation rises 24%
short by Shristi Acharya / on 24 Jul 2025,Thursday
The net Foreign Direct Investment (FDI) into India saw decline with the figure falling by 98% YoY to $35 million in May. Gross FDI inflows fell 11% YoY to $7.2 billion in May, while repatriation of FDI increased nearly 24% to $5 billion. Singapore, Mauritius, UAE, and US accounted for over 75% of the total FDI inflows during May.
short by Shristi Acharya / 12:03 pm on 24 Jul
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