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ICICI Bank has revised its minimum average monthly balance (MAMB) requirements for new accounts. In metro and urban areas, the MAMB will rise to Rs 50,000 from Rs 10,000. Semi-urban branches will see an increase to Rs 25,000 from Rs 5,000, while rural branches will have the threshold doubled to Rs 10,000 from Rs 5,000.

The planned investment of around Rs 2,624 crore will give the investor an estimated 5.09% stake in IDFC First Bank’s post-issue paid-up share capital. The acquisition will be carried out via a preferential issue, which received shareholder approval on May 17, 2025.

SoftBank is reportedly preparing to list its Japanese payments app operator, PayPay, in the United States, potentially raising over $2 billion. Goldman Sachs, JPMorgan Chase & Co, Mizuho Financial Group, and Morgan Stanley are leading the IPO preparations, which could occur as early as the final quarter of this year.

LIC remains committed to its core strength in life insurance and pension services, maintaining a neutral stance on composite licenses. The insurer aims to consolidate its market leadership, cautiously evaluating statutory changes before diversification. While non-PAR products are growing, LIC will balance them with traditional PAR offerings to meet diverse customer needs, targeting a gradual improvement in VNB margins.

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

Voltas reported a sharp 58% drop in Q1FY26 net profit due to unseasonal weather and weak demand, but retains market leadership with a bullish analyst consensus. Revenue fell 20% YoY to Rs 3,938.6 crore, while EBITDA halved to Rs 178.6 crore.

Tata Motors reported a 63% YoY drop in Q1FY26 consolidated net profit to Rs 3,924 crore, beating Street estimates despite a challenging demand environment. Revenue declined marginally by 0.3% YoY to Rs 1.04 lakh crore. Motilal Oswal cut the target price to Rs 631, citing ongoing headwinds for JLR and passenger vehicles but noted strong commercial vehicle performance.

Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line.

SBI shares: SBI reported a quarterly profit of ₹19,160 crore, an increase from ₹17,035 crore in the same period last year, beating market expectations of ₹17,095 crore. The bank s interest income grew by 6% year-on-year, reaching ₹1,17,996 crore, up from ₹1,11,526 crore.