SBI Mutual Fund remained India's largest mutual fund house with assets under management (AUM) of ₹12.80 lakh crore as of May 31, 2026. According to portfolio data compiled by Motilal Oswal Financial Services, the fund house continued to maintain significant exposure to large-cap companies, particularly across banking, financial…
Unified Payments Interface (UPI) has expanded its global presence with its launch at Galeries Lafayette Nice Masséna on June 16, 2026, marking another milestone in India's international digital payments strategy. The launch enables Indian travellers to make seamless UPI payments while shopping at one of France's leading retail…
Power Grid Corporation of India Limited is in focus after the company announced that it has emerged as the successful bidder for the WR-ER Inter-Regional Network Expansion Scheme Part-A under the Tariff Based Competitive Bidding (TBCB) process. The company received the Letter of Intent (LoI) on June 16,…
Vedanta Limited remained in focus after MSCI Inc. announced that the residual Vedanta entity will be removed from its Global Standard Indexes with effect from June 22, 2026, following the completion of the company's multi-entity demerger. The decision follows a reduction in the market capitalisation of the residual…
The Union Budget 2026 has introduced a revised framework for Income Tax Return (ITR) filing deadlines. Instead of a single due date for all non-audit taxpayers, the filing deadline will now depend on the ITR form applicable to the taxpayer. The objective is to stagger return filings, reduce…
NHPC Limited remained in focus after signing a Memorandum of Agreement (MoA) with the Government of Arunachal Pradesh for the development of the Etalin Hydropower Project (HEP) with an installed capacity of 3,097 MW. The agreement, signed on June 16, 2026, establishes the framework for the investigation, development,…
Kotak Mahindra Asset Management Company has launched its first fund under the newly introduced Securities and Exchange Board of India Specialised Investment Fund (SIF) framework. The Kotak Infinity Hybrid Long-Short Fund opened for subscription on June 15, 2026, and will remain open until June 29, 2026. The launch…
Several listed companies have announced record dates for their proposed final dividends. Investors whose names appear in the companies' records on the respective record dates will be eligible to receive the dividend, subject to shareholder approval wherever applicable. Dividend Record Dates Company Dividend/Share Face Value Record Date Remarks…
Crude oil prices edged higher on June 17, 2026, recovering part of the steep losses seen over the previous two sessions as investors assessed whether the emerging US-Iran peace agreement would lead to a sustained restoration of global oil supplies. Oil Prices Recover Benchmark crude prices moved modestly…
Mutual funds completely exited 6 listed companies during May 2026, according to data from Prime Database. The portfolio reshuffle spanned logistics, real estate, construction, IT, and consumer sectors. Stocks Where Mutual Funds Made a Full Exit Company Shares Sold Approx. Exit Value Navkar Corporation 13.36 lakh ₹13.41 crore…
