Blog

Sensex tumbles 715.06 points, Nifty falls below 24,000 amid surge in crude oil prices

Sensex tumbles 715.06 points, Nifty falls below 24,000 amid surge in crude oil prices

Mumbai: Benchmark indices Sensex and Nifty witnessed sustained selling pressure throughout the session and closed lower amid rising crude prices, which have again become a pain point for Indian equities. The 30-share BSE Sensex closed 715.06 points or 0.92 lower at 76,755.05. During the day, the benchmark hit a high of 77,384.95 and a low of 76,641.19, gyrating 743.76 points. The 50-share NSE Nifty was down by 191.45 points or 0.79 per cent and ended the session at 23,996.25. The broader market ended the session in the red. While the BSE MidCap Select Index fell 245.57 points or 1.33 per…
Read More
.2 billion fintech CEO says bank rejected his home loan despite 800 CIBIL score: “They can give loan to team members our company employs, but not me”

$1.2 billion fintech CEO says bank rejected his home loan despite 800 CIBIL score: “They can give loan to team members our company employs, but not me”

Pravin Jadhav (Founder and CEO of Raise Financial Services and a former Paytm executive.) A home loan rejection is something many borrowers fear, but for one of India's leading fintech founders, it came as an unexpected reality. Pravin Jadhav, founder of a fintech company valued at around $1.2 billion, recently shared on X that a leading private bank turned down his home loan application despite his long-standing relationship with the lender and a strong financial profile.In a candid post that quickly drew attention online, Jadhav wrote, "Founder's life is hard!" before listing the reasons why he believed the rejection was…
Read More
TVK’s Vijay calls for end of NEET

TVK’s Vijay calls for end of NEET

According to the ruling political party of Tamil Nadu, Tamilaga Vettri Kazhagam, the NEET is not acceptable. The party reiterated its position on Tuesday that the national level medical exam must be scrapped and not reformed. With an unyielding attitude regarding the issue, the party has asked for complete freedom to states in medical education. For a permanent solution to the problem, the party wants education to be restored to the State List from the Concurrent List of the Constitution. ย  As an interim measure, the party proposed creating a Special Concurrent List to devolve full powers over educational matters…
Read More
Hashmatullah Shahidi steps down as Afghanistan captain, reveals decision

Hashmatullah Shahidi steps down as Afghanistan captain, reveals decision

New Delhi: Afghanistan ODI captain Hashmatullah Shahidi has stepped down from his role after the series defeat to India. He took over the charge in 2022, having led the side in the ODI World Cup and Champions Trophy. He confirmed his decision through a post on social media, saying he had chosen to relinquish the captaincy on personal grounds. However, the 31-year-old will remain available for ODI selection and will continue to captain the national side in Test cricket. โ€œToday I announce with full respect and consent that I am resigning as captain of my team at my personal decision,โ€…
Read More
How does Trump’s tariff on generic drugs, from 2028 onwards, affect India’s pharma sector?

How does Trump’s tariff on generic drugs, from 2028 onwards, affect India’s pharma sector?

Washington: US President Donald Trump on Wednesday laid out a phased tariff plan for imported generic medicines, giving drugmakers a two-year window to shift manufacturing to the United States before steep duties kick in. In a post on Truth Social, Trump said generic drugs entering the US would stay tariff-free from August 1, 2026, for two years. After that, a 100 percent tariff would apply from August 2028, rising further to 200 percent from August 2029. He further added that the plan is meant to push pharmaceutical companies to set up generic drug manufacturing within the US, calling the rising…
Read More
NSE listed renewable energy stock in focus as profit after tax jump 75% YoY, revenue jumps 58%

NSE listed renewable energy stock in focus as profit after tax jump 75% YoY, revenue jumps 58%

Mumbai: Shares of Servotech Renewable Power System are trading in the green today even as benchmark indices Sensex and Nifty declined in early deals on Wednesday as higher crude oil prices and selling in bank stocks hit investors' sentiment. The 30-share BSE Sensex declined 403.54 points to 77,066.06 in early trade, and the 50-share NSE Nifty edged lower by 114.75 points to 24,070.05. The action in the stock comes as the company has announced its financial results for the April-June quarter of financial year 2026-27. The company has reported a 74.5 per cent year-on-year rise in its consolidated net profit…
Read More
Vaibhav Sooryavanshi to start afresh in Zimbabwe following a below-par debut

Vaibhav Sooryavanshi to start afresh in Zimbabwe following a below-par debut

Harare: Just four months ago, Vaibhav Sooryavanshi proved his mettle in the Under-19 World Cup in Zimbabwe. In the final against England, the Bihar-born smashed 175 runs off 80 balls, securing a win by 100 runs for India. He finished as the second-leading run-scorer in the tournament and played a vital role throughout the course of the season to help India get the job done.ย  Now the 15-year-old is set to return to the ground as part of the senior team. He has retained his place after the Ireland and England series, as India play a three-match T20I series in…
Read More
Why Iran moves nuclear centrifuges to ‘Pickaxe Site’ as Trump issues warning to target it? Explained

Why Iran moves nuclear centrifuges to ‘Pickaxe Site’ as Trump issues warning to target it? Explained

Tehran: Iran has reportedly shifted thousands of nuclear centrifuges into a heavily fortified underground complex near Natanz, known as Pickaxe Mountain, making the equipment significantly harder to destroy by airstrikes. According to a Wall Street Journal report, which cited US and Israeli officials, Israeli intelligence believes that Tehran made the transfer happen last autumn, months after the 12-day conflict in June 2025. The Pickaxe site was untouched during the recent US-Israeli strikes and has remained so since the intense aerial campaign began. Why is the site so important? The facility holds vital importance to Tehran due to its extraordinary depth,…
Read More
Defence stock in focus on securing Indian Navy order for underwater warfare prototype, check share price

Defence stock in focus on securing Indian Navy order for underwater warfare prototype, check share price

Mumbai: Shares of Apollo Micro Systems, a leading technology-driven firm in the aerospace, defence, and homeland security sectors, are in action as the company has been awarded a Make-II Prototype Sanction Order (PSO) by the Indian Navy for the development of SAVIOR-ASW, a Semi-Submersible Autonomous Vessel for Intelligence, Operations, and Reconnaissance. This marks AMSL's formal entry into the domain of autonomous maritime and underwater warfare systems. What is the SAVIOR-ASW System?ย  SAVIOR-ASW is India's first indigenously developed semi-submersible autonomous vessel designed specifically for Anti-Submarine Warfare (ASW) surveillance. It is an unmanned, self-powered maritime platform, yet capable of patrolling the ocean…
Read More
Shimron Hetmyer, Sherfane Rutherford power West Indies to consolation ODI win over New Zealand

Shimron Hetmyer, Sherfane Rutherford power West Indies to consolation ODI win over New Zealand

Barbados: West Indies have finally returned to winning ways after three consecutive defeats against New Zealand in the ODI series. In the final game of the series in Barbados, the Caribbeans successfully chased down 269 runs after Shimron Hetmyer and Sherfane Rutherford combined to steer the hosts through a tense finish. Although the result came after the series had already slipped away, it provided a timely boost for West Indies ahead of their upcoming World Cup qualifying campaign. They had a tough start to the chase, having been reduced to 123/4 at one stage. However, Hetmyer took over the responsibility…
Read More