SBI Funds Management IPO closes with 42x subscription, led by strong QIB demand; GMP signals healthy listing

The SBI Funds Management IPO closed with a 41.7 times subscription, driven by strong demand from institutional buyers. The issue saw bids for 519 crore shares against 12.45 crore on offer. With a grey market premium of ₹95 per share, many investors expect a healthy listing for the company soon.

AI trade moves from chips to electricity: Why 7 power stocks are gaining Wall Street attention with gains up to 86%

The AI trade is moving from chips to electricity as power stocks gain Wall Street attention. US power demand is expected to hit fresh records in 2026 and 2027. Investors now track companies like Constellation Energy and Vistra because data centres need electricity around the clock to run AI models.

Chipmaker stocks hit by AI spending worries after rally

Chipmaker stocks fell 3.5% as investors worried if massive artificial-intelligence spending will deliver returns. Nvidia and Broadcom led the slide, dragging the Nasdaq 100 down 1%. Matt Maley at Miller Tabak said, “The action in the chip stocks going forward is still the most-important issue for the stock market.”

Havells India to invest ₹255 crore to raise Karnataka cable plant capacity by 60%

Havells India announced on Thursday (July 16) that it will invest ₹255 crore to boost cable production at its Karnataka plant. The company plans to raise capacity by 60% by December 2027. This expansion uses internal funds to help the firm meet growing demand for its electrical goods across India.

Alpine Texworld IPO sails through on Day 3: Check subscription status, GMP and other key details

Alpine Texworld's IPO was fully subscribed on the final day, achieving 1.40 times overall subscription. The issue opened on July 14 and got a boost from retail investors. The company plans to use the funds to set up a new weaving unit in Ahmedabad. Shares will list on July 21.

Stock markets fail to hold early gains, weighed down by weak global cues

Indian stock markets failed to hold early gains on Thursday due to weak global cues. The Sensex ended flat at 77,186.87, while the Nifty fell 5.75 points to 24,072.75. Many stocks saw profit booking, though over 100 shares touched 52-week highs. Meanwhile, the rupee fell 58 paise against the dollar.

Number of new projects plunge to two-decade low in June quarter

New projects announced fell to a two-decade low in the June quarter, with only 663 projects recorded. Data from the CMIE showed that uncertainty from the West Asia war and high oil prices caused companies to defer plans. While project counts fell, total investment values rose to Rs 14.6 lakh crore.

EPF after retirement: The age at which your PF balance actually stops earning interest

The EPFO rules say your PF account stops earning interest at age 58 or 36 months after your last contribution, whichever is later. Rishi Agrawal said, "The confusion about a three-year limit actually comes from a separate administrative rule regarding inactive accounts." Your money keeps growing until you hit 58.

South Indian Bank to raise up to ₹1,000 crore through NCDs, bonds and other debt securities

South Indian Bank said on Thursday (July 16) that its board approved a plan to raise up to ₹1,000 crore. The lender will use debt instruments like bonds and NCDs to get these funds. This move needs shareholder approval at the upcoming 98th Annual General Meeting to move forward.

Wipro announces Rs 2 interim dividend; check record date, payment details and eligibility

Wipro announced an interim dividend of Rs 2 per share for its investors. The company set Monday, July 27, as the record date to check eligibility. Beneficiaries will get the payment by Friday, August 14. CFO Aparna Iyer said, "We are also pleased to share that the Board has declared."

As AI gobbles the market, make sure you’re truly diversified

The artificial-intelligence trade now drives markets, but investors should stay diversified to avoid risks. Christine Benz, director of personal finance at Morningstar, said, “Be careful not to performance-chase.” Adding defensive stocks or cash cushions helps protect portfolios. If you are overweight in tech, consider small-cap funds to stay safe.

Income tax after retirement: 10 earnings that continue to be taxed

Many retirees wrongly believe retirement brings tax-free status, but income tax laws still apply to earnings. Pension, bank deposits, and rental income remain taxable for senior citizens. Akhil Chandna said, “While a fully commuted pension received by Government employees is generally exempt, exemption for non-Government employees depends upon prescribed limits.”