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Stock recommendations for 23 July from MarketSmith India

New Delhi, July 23 -- The Indian equity market saw a broad selloff on Wednesday, weighed down by escalating geopolitical tensions and aggressive US trade policy announcements. Sensex tumbled 715 poin... Read More


IOB wipes out Rs.20,000-cr accumulated losses, to raise Rs.5,000 cr in share sale

New Delhi, July 23 -- Indian Overseas Bank (IOB) has wiped out nearly Rs.20,000 crore of accumulated losses, completing a major balance-sheet clean-up that has made the state-owned lender eligible to ... Read More


West Asia war pushes ONGC to plan India's first strategic gas reserve

New Delhi, July 23 -- State-run Oil and Natural Gas Corp. Ltd, or ONGC, is planning to create India's first strategic natural gas reserve near its gas-producing assets in western India, according to t... Read More


BusinessNext raises $40 million from ServiceNow for SEA and Australia expansion

Bengaluru/Mumbai, July 23 -- Autonomous banking platform BusinessNext has raised $40 million in a Series B round from ServiceNow Ventures, the venture capital arm of US-based cloud computing software ... Read More


India's data centre sector poised for strong growth, but land, power access remain key hurdles: JM Financial

New Delhi, July 23 -- India's data centre sector is set for significant expansion as rising artificial intelligence (AI) adoption, cloud computing and enterprise digitalisation fuel demand, though cha... Read More


Buy-side margin relief on cards as Sebi looks to lift cash market turnover

New Delhi, July 23 -- The Securities and Exchange Board of India (Sebi) is considering a proposal to waive upfront margins on buy trades executed using proceeds from same-day stock sales under the ear... Read More


Flipspaces eyes next growth phase with overseas expansion

New Delhi, July 23 -- Commercial interior design-and-build startup Flipspaces is stepping up its international expansion as it looks to scale its business across key overseas markets following its lat... Read More


The cost investors pay for chasing growth

New Delhi, July 23 -- Chasing returns in a market where opportunities are fewer is not unusual. Every investor likes to believe in their ability to find opportunities in the toughest markets. Investor... Read More


Budget's success depends on implementation, says Khosru

, July 23 -- Finance Minister Amir Khosru Mahmud Chowdhury on Thursday said the true success of the budget depends on its effective implementation, urging officials of the Finance Division to work col... Read More


INR stays pressured as West Asia crisis keeps global crude oil prices elevated

Mumbai, July 23 -- The Indian rupee declined 12 paise to close at 96.65 (provisional) against the US dollar on Thursday, as heightened hostilities in West Asia kept global crude oil prices elevated. A... Read More