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Paytm s parent company, One 97 Communications, saw its shares in focus after the RBI granted in-principle authorization to its subsidiary, PPSL, to operate as an Online Payment Aggregator. The approval is subject to certain guidelines and audits, including a cybersecurity assessment. In a relief, the RBI also lifted merchant onboarding restrictions imposed on PPSL since November 2022.

Tata Motors’ stock has plunged 44.6% from its peak, with analysts divided on the outlook. Jefferies cites weak Q1 results and cuts EPS estimates, retaining an Underperform rating. Technical experts note key support near Rs 640, but caution that a sustained rebound needs a breakout above Rs 700–Rs 720. Until then, a “sell-on-rise” strategy prevails.

Hindalco s net profit jumped 30% YoY to Rs 4,004 crore in Q1 on strong domestic performance. Brokerages remain divided, Motilal Oswal and Nuvama suggest buying, while Avendus advises selling, citing Novelis margin concerns and aluminium price risks.

Ambit Asset Management believes PMS will beat mutual funds soon. Concentrated portfolios can better capture alpha. Only select companies will show high earnings growth. Consumption stocks may rise with tax breaks and rural recovery. Good monsoon may boost rural demand. Earnings have been in line, but expectations were muted. High single-digit earnings growth is expected from Q3 onwards.

Muthoot Microfin, leveraging relaxed RBI norms, is diversifying into secured lending, including gold loans via co-lending with Muthoot Fincorp. They ve also introduced micro LAP and business loans, targeting existing customers and leveraging their branch network for cost efficiency. Aiming for a Rs 1,500 crore portfolio by FY26 in these new verticals, they project a 20% AUM growth.

Sebi has turned down settlement requests from Anil Ambani, his family, and Rana Kapoor. The case involves investments between Reliance Nippon and Yes Bank. Investigations revealed Ambani influenced investment decisions. Sebi might settle with Nippon Life India Asset Management and some officials. Legal action will proceed against Ambani and others. The Enforcement Directorate is also investigating the matter.

Indian banks significantly increased their equity investments in FY25, driven by strategic treasury diversification. An analysis of 16 major banks revealed a 49% surge, reaching ₹49,572 crore, with SBI s investments tripling. This rise coincided with growing retail participation in the market and the implementation of new accounting norms.

India s wealthiest investors witnessed a surge in their net worth during the June quarter, fueled by a stock market rebound. Portfolios of figures like the Jhunjhunwala family and Mukul Agrawal saw gains between 12% and 42%. Conversely, Madhusudan Kela and Vijay Kedia experienced portfolio value declines as they strategically reduced exposure to certain stocks.

Spandana Sphoorty Financial announced the allotment of 17.3 million partly paid-up equity shares at ₹230 each to existing investors who participated in the rights issue. This allotment increases the company s paid-up equity share capital to ₹80 crore. While the rights issue was oversubscribed, the company allotted slightly less than the targeted 17.4 million shares.