Sobha Ltd reported a record ₹3,656 crore in Q1 sales bookings, driven by strong demand, successful project launches, and higher home sales in Bengaluru and Gurugram.
India’s economy grew 7.7% in FY2025-26, supported by strong manufacturing, services, investment, GST collections, and rising infrastructure spending despite global economic challenges.
Indian oil marketing companies suffered losses of ₹18.9 per litre on diesel and ₹6 per litre on petrol in the April–June quarter, despite lower crude oil prices. ICICI Securities blamed rising global fuel costs, stable retail prices, and weak marketing margins for the losses.
An RTI response has revealed that 30.91 lakh inactive EPF accounts held over ₹9,330 crore in unclaimed funds as of March 31, 2026. The amount has fallen slightly from last year, while the new EPF Scheme 2026 aims to simplify and digitise provident fund services.
India’s foreign exchange reserves fell by $5.654 billion to $666.933 billion in the week ended June 26, 2026, according to RBI data. Gold reserves recorded the biggest decline, while foreign currency assets, SDRs, and India’s IMF reserve position also moved lower.
The Reserve Bank of India has fined Bank of Baroda ₹63.60 lakh for charging excess interest in some loan accounts and failing to upload KYC records on time. GIC Housing Finance was also fined ₹3.10 lakh for violating KYC rules.
Maersk has ordered 1,000 more India-made shipping containers from DCM Shriram Group after unveiling the first EXIM container built in India. The move supports local manufacturing, strengthens India’s global shipping role, and aligns with the government’s container manufacturing promotion plans.
Coal India has secured a 600 MW solar project in Uttar Pradesh worth about Rs 2,831 crore. The plant will be completed within 18 months and supply power at Rs 2.73 per unit.
Mumbai: IT services major Tech Mahindra has announced the acquisition of Alyis Serviços Técnicos LTDA, a Brazil-based IT services company,
Indian benchmark indices ended higher on July 1, with the Sensex gaining 443.97 points and the Nifty rising 140.10 points. The Nifty closed above the 24,000 mark, while both indices recorded gains of nearly 0.6 percent despite mild profit booking during the final trading hour.