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11 Jul

Crude oil prices increase on spot demand

Business CorrespondentBusiness, News

New Delhi, Crude oil prices rose by Rs 26 to Rs 5,661 per barrel in futures trade on Friday as traders increased the size of their deals due to strong spot demand. At the Multi Commodity Exchange, the price of crude oil contract for August delivery rose by Rs 26, or 0.46 per cent, to Rs 5,661 per barrel in a business turnover of 6,252 lots. Analysts said crude oil prices rose in futures trade as participants increased the size of their deals. Globally, West Texas Intermediate crude was trading 0.38 per cent higher at $66.95 per barrel in New…

10 Jul

PC Jeweller to rose equity of Rs 500 crore

Business CorrespondentBusiness, News

New Delhi, PC Jeweller Ltd's board has approved a plan to raise equity of Rs 500 crore from promoters and Capital Ventures Pvt Ltd to prepay its debt, as part of its plan to become debt-free by the end of this fiscal. Delhi-based PC Jeweller has a total of 52 showrooms, of which 49 are company-owned. In a regulatory filing on Thursday, the company said the board has approved raising funds of up to Rs 500 crore through preferential allotment on a private placement basis. The board approved the issuance and allotment of up to 9.72 crore fully convertible warrants…

09 Jul

Silver futures prices downfall: Prices at ₹1,07,771/kg

Business CorrespondentBusiness, News

New Delhi, Silver prices on Wednesday fell by Rs 214 to Rs 1,07,771 per kg as participants reduced their deals. At the Multi Commodity Exchange, the price of silver contracts for September delivery fell by Rs 214, or 0.2 percent, to Rs 1,07,771 per kg in a business turnover of 16,447 lots. Analysts said selling by participants at current levels in the market mainly influenced silver prices. Globally, silver was trading 0.11 percent higher at $36.79 per ounce in New York.

08 Jul

Phoenix Mills shares upgrade, retailer sales across operational malls rise 12% in Q1

Business CorrespondentBusiness, News

Shares of Mumbai-based real estate developer Phoenix Mills rose 1.24% to hit an intraday high of ₹1,567 on Tuesday, July 8, after the company provided its business update of Q1FY26 after market opened on Monday. Phoenix Mills informed the exchanges that its retailers' sales (consumption) across all operational malls grew 12% year-on-year in Q1FY26, reflecting healthy underlying demand and continued momentum across the portfolio. Consumption growth during the quarter was led by Phoenix Pallasio (Lucknow), Phoenix Citadel (Indore), Phoenix Palladium (Mumbai) and Palladium Ahmedabad, supported by the continued ramp-up of our new assets i.e. Phoenix Mall of the Millennium and…

07 Jul

Jaguar Land Rover sales drop in first quarter

Business CorrespondentBusiness, News

New Delhi, Jaguar Land Rover said on Monday that its vehicles dispatched to dealers in the first quarter ended June 30 fell 11 percent to 87,286 units compared to last year. JLR said in a statement that wholesale sales in North America, Europe and the UK declined by 12 percent, 14 percent and 25 percent respectively in the first quarter compared to last year. It said that the UK market has been most affected by Jaguar's plan to discontinue older models. The British brand said that its retail sales in the April-June period this year stood at 94,420 units, down…

05 Jul

HDFC Bank shares rose, gross advances rise 6.7% to ₹26.53 lakh crore in Q1, deposits rise 16.2%

Business CorrespondentBusiness, News

HDFC Bank share price: Shares of India's largest private lender HDFC Bank jumped on Friday, July 4, as gross advances rose 6.7% to ₹26,53,000 crore for the quarter ended June 2025, as against ₹24,86,900 crore in the same period a year ago. Sequentially, it grew 0.4%. Deposits for the first quarter of FY 2025-26 stood at ₹27,64,000 crore, reflecting a growth of 16.2% from ₹23,79,100 crore in the first quarter of FY 25. On a sequential basis, deposits grew 1.8%. HDFC Bank share price The stock rose 0.37% to ₹1,994.4 per share at 9:20 am on the National Stock Exchange…

04 Jul

Bank of Baroda Q1 update: Global business increase 10.7%

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y-o-y Bank of Baroda shared its business update for the quarter ending June of the financial year 2025-26 on Thursday, July 3. The government-owned bank's global business grew 10.7% y-o-y to ₹26.43 trillion as of June 30, 2025, from ₹23.87 trillion in the same quarter of the previous fiscal. Its global deposits also grew 9.13% y-o-y to ₹14.35 trillion during the quarter, from ₹13.15 trillion in the first quarter of FY 2025. The bank's global advances also grew 12.63% to ₹12.07 trillion as of June 30, 2025, from ₹10.71 trillion in the same quarter of the previous fiscal. The lender's…

03 Jul

M&M posts increase , closes in red despite 14% YoY rise in total auto sales

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Shares of Mahindra & Mahindra Ltd (M&M) on Tuesday, July 1, jumped 1.09% to hit an all-time high of ₹3,218 per share on the National Stock Exchange (NSE). However, it closed 0.23% lower at ₹3,176 per unit. This comes after the carmaker reported a 14% year-on-year (YoY) rise in its total auto sales to 78,969 units in June 2025. In the month under review, the automaker sold 47,306 utility vehicles in the domestic market segment (including exports), an 18% YoY rise from 40,022 sales in the same month last year, M&M said in a regulatory filing. "Domestic sales of commercial…

02 Jul

DMart Q1 update: Revenue forecast to grow 16%

Business CorrespondentBusiness, News

Avenue Supermarts Ltd has forecast a 16% year-on-year revenue growth in the first quarter of FY2026. Standalone revenue for the operator of the DMart retail chain is estimated to grow to Rs 15,932.1 crore during the April-June period, according to a quarterly business update released to the stock markets on Wednesday. As of June 30, the DMart retail chain operator has 424 stores across India. Last month, DMart announced the opening of its first flagship store in Uttar Pradesh. The new store, located at Rattan Mall in Agra, is a strong move for the retail giant, which previously had a…

01 Jul

TVS Motor sales increase 10% to 402,001 units in June, 3W sales rise 42%

Business CorrespondentBusiness, News

TVS Motor Company on Tuesday reported a 20 percent rise in total sales to 4,02,001 units in June. The company had reported total sales of 3,33,646 units in June 2024. Two-wheelers recorded a growth of 20 percent, with sales increasing from 3,22,168 units in June 2024 to 3,85,698 units in June 2025, TVS Motor Company said in a statement. The domestic two-wheeler segment recorded a growth of 10 percent, with sales increasing from 2,55,734 units in June last year to 2,81,012 units in June this year. Three-wheeler sales grew 42 percent year-on-year to 16,303 units in June. The company's total…