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Sebi will implement a closing auction session for derivative stocks from 3 August 2026. This move aims to improve price discovery and stop market manipulation. Faisal Mohammed of Zerodha said, "It will make manipulation of prices during the closing session much more difficult." Many stakeholders hope this brings better transparency.
Raja Venkatraman recommended three stocks for 3 August as Indian benchmark indices carried forward their winning momentum through the week ended 31 July. The Nifty reclaimed the 24,400 mark with broad-based buying. He suggested going long on THELEELA, noting that a promising long body candle indicates genuine buying interest today.
Ashok Leyland plans to invest ₹1,000 crore in FY27 to scale electric mobility, battery manufacturing and alternate-fuel technologies. "We are expanding our footprint across the entire EV ecosystem to better serve this fast-emerging market," said a company official. The firm aims to boost commercial deployment and strengthen its supply chain.
State Bank of India garnered $7.5 billion under the Reserve Bank of India's three concessional swap schemes until July 31. This amount accounts for almost 20% of the total mop-up by banks. SBI mobilised $6 billion via FCNR(B) deposits and $1.5 billion through foreign currency bonds, using its strong overseas network.
WestJet canceled more than 300 flights across Canada on Sunday after 4,400 cabin crew members walked off the job. The strike disrupted travel plans for thousands during a holiday weekend. WestJet CEO Alexis von Hoensbroech said, "We presented a proposal that would have set a new standard for cabin crew."
Zee says the SEBI order will not impact its ₹3,143 crore fundraising exercise. The company said it will continue with the steps to complete the process after shareholders approved the plan on July 31, 2026. A spokesperson said, "The Company firmly believes that the order has no direct bearing."
Public sector banks repriced or shed over Rs 1 lakh crore of low-yielding corporate loans in the June quarter to boost net interest margins. Canara Bank official Brajesh Kumar Singh said, "We intend not to do sub-7% lending to win corporate clients." Many banks now focus on higher-yielding retail loans instead.
Indian Oil director Saumitra Srivastava said energy security is vital for India’s transition at the Mint Sustainability Summit 2026. "For any meaningful transition, I think energy security is very essential," he said. The company now uses biofuels in refineries to make operations clean while meeting rising demand for fuel.
Zee Entertainment Enterprises Ltd’s fund-raising plan remains on track despite SEBI’s recent action against its promoters. Last week, shareholders approved a Rs 3,143.5 crore warrant issue. Legal experts said, "all the requirements under company law have already been met." The company can now approach SEBI or the SAT for relief.
The Bengal government seeks the transfer of 1,500 km of state highways to the NHAI. A high-level delegation led by PWD Minister Dr. Ajay Poddar will hold a two-day meeting with the Union Ministry in New Delhi on Monday. They want to speed up road development through central funding support.
Mahindra Lifespace Developers is shifting focus to premium homes to reach a record ₹4,500-5,000 crore sales target in FY27. The firm moved away from affordable housing to chase higher margins. Managing director Amit Kumar Sinha said, "Systematically, we are moving up the value chain," as they enter the senior housing segment.
The Reserve Bank of India said it is allowing lenders to offer different interest rates on bulk deposits based on liquidity risk. These rules start from 1 October 2025. Banks must publish these rates on their websites daily. This change follows reports of banks paying extra for certain large deposits.