ICICI AMC Files ₹10K Cr IPO
Your daily dose of business news
🗞️ CSR Spend Triples in a Decade
Corporate Social Responsibility spending in India has trebled over the past 10 years, with education and healthcare grabbing the biggest share of funds.
💬 Expert Take:
“Rising CSR outlay shows how India Inc. is pivoting towards sustainable growth alongside profitability.”
— Nisha Rathi, ESG Specialist, India Impact Forum
🗞️ Tax Recovery Doubles to ₹20,000 Cr
Income tax recovery doubled to ₹20,000 crore in Q1 FY26, signaling better compliance and stricter enforcement.
🗞️ ICICI Prudential AMC Files for IPO
ICICI Prudential Asset Management Company has filed for an IPO — an entire offer for sale by its British JV partner Prudential Corp.
🗞️ SIP Inflows Hit Record ₹27,269 Cr
Systematic Investment Plan inflows rose to a record ₹27,269 crore in June, with fewer investors halting their SIPs.
💬 Expert Take:
“Strong SIP momentum shows retail investors’ trust in long-term wealth creation through equity markets.”
— Rajat Mehta, Head of Retail Investments, GrowPro
🗞️ Trump Tariffs Shake Metal & Pharma Stocks
Metal stocks declined as former US President Donald Trump threatened 50% tariffs on copper imports; pharma stocks were also rattled by potential 200% tariffs on Chinese APIs.
🗞️ Vedanta, Hindustan Zinc Shares Fall Up to 8%
Shares of Vedanta and Hindustan Zinc tumbled after short-seller Viceroy Research dubbed Vedanta’s parent structure “Ponzi-like”.
🗞️ Dr Reddy’s to Go Ex-Dividend Tomorrow
Dr Reddy’s Laboratories shares will turn ex-dividend on July 6 — check holdings for eligibility.
🗞️ Starlink Gets Final India Nod
Elon Musk’s Starlink has reportedly received India’s final regulatory clearance, paving the way for commercial satellite broadband rollout soon.
📊 Market Updates
✅ Sensex: 83,690.15 ▲ +82.55 (+0.10%)
✅ Nifty 50: 25,533.75 ▲ +21.80 (+0.09%)
✅ USD/INR: ₹85.64 ▼ −0.15 (~0.17%)
✅ Brent Crude: $69.20 ▶ stable
✅ Bitcoin: ~$109,100 ▲ +0.8%
✅ Gold (24K): ₹62,400/10g ▼ −0.2%