Gold vs Nifty 50: Which investment created more wealth over the past 10 years?

Gold has outperformed Nifty 50 over the last one to five years. A ₹1 lakh investment in Nippon India Gold ETF grew to ₹3.95 lakh in 10 years, while SBI Nifty 50 ETF grew to ₹3.33 lakh. Over longer periods, both gave similar returns.

Kotak Mahindra Bank MD Ashok Vaswani not to seek re-appointment; begins search for successor

Ashok Vaswani, MD & CEO of Kotak Mahindra Bank, will not seek re-appointment for personal reasons. He informed the board he wishes to step down after his current term ends on December 31, 2026. The bank has started searching for his successor. Vaswani started his role on January 1, 2024.

Adon Agro Commodities to raise ₹44 cr via IPO

Adon Agro Commodities will raise ₹44 crore via IPO on BSE SME platform, opening June 29. The company uses fresh equity shares to fund working capital. They procure premium dry fruits and nuts from key origins like UAE and Afghanistan, selling under the ‘Hunger Nuts’ brand. Revenue grew significantly.

5-year Senior citizen FD interest rates up to 8.05%: SBI vs PNB vs HDFC Bank vs other banks

Senior citizens can now get up to 8.05% interest on 5-year fixed deposits. Small finance banks like Suryoday SFB and Jana SFB are offering this high rate. Many older people prefer FDs for stable, low-risk returns. Other banks also offer competitive rates, with SBI at 7.05%.

SpaceX IPO: Will Musk's 'Rocket' Stock Hold $135? Sales Explode Past Nvidia.

SpaceX stock is trading above its $135 IPO price, showing strong investor interest. The company, valued at 107 times its 2025 sales, will join the Nasdaq 100 index on July 7. This move will force index funds to buy billions of dollars worth of its shares, boosting its valuation further.

IPOs Next Week: 2 new mainboard issues, 1 ongoing offer, key listings ahead

Two new IPOs, Knack Packaging and Aastha Spintex, will open next week. Knack Packaging's Rs 439.50-crore issue starts July 1, while Aastha Spintex's Rs 170-crore offer begins June 29. Investors also track CSM Technologies' ongoing IPO, with listings for Waterways Leisure Tourism and Advit Jewels expected.

IIFL Finance plans ₹10,000 crore fund raise; board also ups borrowing limits

IIFL Finance plans to raise ₹10,000 crore through equity and other securities. The board also doubled its global medium-term note programme to $2 billion and increased borrowing limits to ₹75,000 crore. Kapish Jain stepped down as CFO, with Vikas Jain appointed to the role.

UP targets 20,000 MW renewable energy capacity in next 2-3 years: Yogi Adityanath

Uttar Pradesh targets 20,000 MW renewable energy capacity in two to three years, up from 6,000 MW. Over six lakh families got energy self-reliance via rooftop solar, cutting bills. The state also leads in ethanol and biogas. A new Rs 8,200 crore solar plant will boost production and jobs.

India's higher nominal GDP growth may help contain fiscal pressures despite global risks: EY

India's higher nominal GDP growth in FY27 will help keep fiscal pressures under control, EY India said. Higher inflation is expected to lift nominal GDP growth to about 12.5%, boosting tax revenues. This will help the government manage finances despite potential subsidy spending increases.

Turtlemint Fintech IPO GMP signals discounted market debut on 29 June; check subscription and other details

Turtlemint Fintech's IPO GMP signals a discounted market debut on 29 June. The company got a good response during its subscription period. Many investors showed interest, with the IPO opening for subscription on 20 June.

Dala Street Week Ahead: Nifty to test crucial 24,500 level; breakout may define next trend

Indian markets saw modest gains last week, with Nifty ending at 24,056.00. The index faces crucial resistance between 24,160 and 24,500. A breakout above this level may define the next trend, while failure could lead to consolidation. Investors are advised to pick stocks carefully.

AI Boom Far From Over: Jefferies Bets Bigger On Chip Stocks, Warns Of One Major Risk

Jefferies sees the AI boom continuing, raising bets on chip stocks like SK Hynix and Samsung. Global Head Christopher Wood said falling AI costs should boost computing power demand. The main risk is investors realizing hyperscalers can't make back their AI investment, though this is currently theoretical.