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THE TRUTH ABOUT: 3 - Caught on Camera

Include infra loans in priority sector in absence of vibrant bond market: SBI economists

Economists propose reviewing priority sector lending guidelines for banks. They note banks struggle to meet targets without certificate purchases. Infrastructure loans should gain priority sector status for national development. Housing and education loan limits also need upward revision. Renewable energy project loan limits should be significantly increased.

The Economic Times

Prime Day 2026: These Tech Categories See the Biggest Price Drops in India

For Indian shoppers, Prime Day has evolved into more than just another sale. It has become an opportunity to finally buy gadgets that may have been sitting in wishlists for months. Whether it is upgrading an aging smartphone, investing in a work laptop, or building a smarter home, Prime Day…

MyLifeXP

Flipkart GOAT Sale 2026: iPhone 17 Price Drops by ₹12,000

Waiting for the perfect shopping sale can often feel like a gamble. Prices change overnight, discounts disappear within minutes, and what looks like a great deal isn't always the cheapest. But the Flipkart GOAT Sale 2026 is arriving with some of its biggest price cuts yet. From the latest iPhone…

MyLifeXP

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SBI to recruit 1,500 probationary officers this year

State Bank of India is set to recruit 1,500 probationary officers this year to fuel business expansion, with applications closing on July 8. The bank also hires IT professionals and domain experts as Specialist Officers. Last fiscal, SBI onboarded over 25,000 individuals, including officers and associates, demonstrating its commitment to…

The Economic Times

M-cap of 6 of top-10 most valued firms surges Rs 1 lakh cr; Airtel, Bajaj Fin top winners

In the last week, Indian stock markets thrived, witnessing a remarkable Rs 1 lakh crore increase in the combined market valuation of six leading companies. The surge was largely attributed to Bharti Airtel and Bajaj Finance, which capitalized on favorable equity trends and robust domestic economic signals. Even though a…

The Economic Times

SBI Mutual Fund planning IPO launch on July 13, to raise $1.2 billion

SBI Mutual Fund is set to launch its IPO on July 13, with a likely $1.2 billion issue size, making it one of the biggest in India’s financial sector. The offer-for-sale issue will see SBI and Amundi pare their stakes, with the price band announcement expected on July 9.

The Economic Times

Rs 1 lakh crore on crude imports will be saved by 2030, as 35 lakh EVs will replace petrol vehicles: SBI Report

India is poised for a significant electric vehicle surge, with an estimated 35 lakh petrol vehicles to be replaced by EVs between 2027-2030. This shift could slash crude oil import bills by Rs 1 lakh crore if EVs capture 20% of the market by 2030. The West Asia conflict has…

The Economic Times

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Stocks in news: Hero MotoCorp, Canara Bank, Bharti Airtel, Indian Hotels, SBI

Indian markets opened positively, with analysts suggesting a stock-specific strategy amidst consolidation. Hero MotoCorp sees a revival in commuter bike demand, planning capacity expansion. Canara Bank and Indian Bank reported strong credit growth. Bharti Airtel's NBFC arm has begun operations, while Indian Hotels plans significant capital expenditure. SBI launched AI-powered…

The Economic Times

SBI boosts AI-powered banking with new digital journeys for retail, corporate customers

The announcements span SBI's YONO platform, introducing new customer journeys, AI-driven capabilities and industry-first features that simplify banking, empower businesses and promote financial and sustainability wellness, the bank said in a statement.

The Economic Times

Ram temple donation case: Security agency denies role, says recruited SBI staff on bank's request

A private security firm has distanced itself from the alleged embezzlement of Ram temple donations, stating it merely supplied 22 personnel for housekeeping duties to the State Bank of India's Ayodhya branch. The agency's director clarified they had no involvement in assigning tasks related to donation management. This statement comes…

The Economic Times

Auto sector still robust, but limited upside left at current valuations: Anand Tandon

Market expert Anand Tandon observes that while the Indian auto sector shows resilience, its optimism is largely priced into current valuations, which appear stretched globally. He highlights selective opportunities like Eicher Motors and notes that earnings might be subdued but already factored in. Tandon also points to textiles as a…

The Economic Times

SBI employee gets relief in harassment case as Bombay HC rules shared auto commute falls outside POSH law’s workplace definition

The Bombay High Court has overturned disciplinary action against an SBI employee, ruling that a shared auto-rickshaw is not a 'workplace' under the POSH Act. The employee faced harassment charges after an incident during his commute. The court emphasized that for the Act to apply, transportation must be employer-provided. This…

The Economic Times

Delayed monsoon may weigh on auto demand, but long-term outlook stays strong: Aditya Shah

A delayed monsoon poses a temporary challenge to rural auto demand, particularly for tractors and two-wheelers, but the sector's long-term outlook remains robust. Experts highlight auto ancillaries as a key growth area, with electric mobility a significant long-term theme. Financials, especially Kotak Mahindra Bank and private sector lenders, along with…

The Economic Times

SBI wanted to change cash-counting staff at Ram temple 3 months ago: Sources

State Bank of India reportedly sought to replace cash-counting staff at the Ayodhya Ram temple three months ago due to suspicions of fund diversion, but the Shri Ram Janmabhoomi Teerth Kshetra Trust allegedly intervened. An FIR was filed, and eight individuals have been arrested following an SIT report, with significant…

The Economic Times

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The Economic Times

Nifty indices rejig goes live today: Which stocks will see biggest inflows and outflows?

The NSE’s quarterly index rebalancing takes effect today, triggering significant passive fund flows across Indian equities due to changes in free-float weights. While the Nifty 50 sees limited adjustments, broader strategic indices are witnessing sharper reshuffling.

The Economic Times

Telangana government, SBI reach amicable solution to land row

Telangana government and State Bank of India have resolved a land dispute amicably. Following recent discussions, SBI has agreed to alternative land proposals made by the state, after a five-acre parcel in Raidurg became a point of contention. The bank will proceed after board approval, aiming for a swift conclusion…

The Economic Times

Financial changes from July 1, 2026: Check 6 key updates on ITR deadlines, Aadhaar, passport fees, SBI and HDFC Bank credit cards

Get ready for significant financial shifts starting July 1, 2026. Taxpayers face new ITR filing deadlines, while Aadhaar card holders can update their email for free. SBI and HDFC credit card users will see changes in reward points and lounge access eligibility. Passport fees are set to rise, and banks…

The Economic Times

Rs 20 lakh investment for senior citizens: SBI FD vs SCSS vs RBI floating rate bond- which pays the highest?

Investment options for senior citizens: Senior citizens seeking steady retirement income can choose between Senior Citizens Savings Scheme (SCSS), Fixed Deposits (FDs), and RBI Floating Rate Bonds.

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The Economic Times

SBI's improving performance warrants better valuation, chairman Setty says: Report

State Bank of India's chairman believes the bank is undervalued, citing improvements in financial strength, customer base, and earnings. He highlighted the success of the Yono digital platform, strengthened capital position, and the significant growth in value from its subsidiaries. SBI is also focusing on technology adoption, including AI, and…

The Economic Times

Sebi approves SBI Mutual Fund IPO, launch likely by July first week

SBI Mutual Fund is preparing to launch its IPO in early July after receiving Sebi approval. The offer, entirely an offer for sale by SBI and Amundi, could be valued around Rs 13,000 crore, making it among the largest asset management listings in India.

The Economic Times

SBI PO 2026 notification out: Check vacancies details, exam and last date, steps to apply, syllabus and direct link

State Bank of India has announced 1,500 Probationary Officer vacancies for 2026-27. Applications are open from June 18 to July 8 for graduates. The preliminary exam is in August, followed by mains in September. Final selection involves psychometric tests, group exercises, and interviews, with results expected by December 2026. Don't…

The Economic Times

Raamdeo Agrawal, Radhakishan Damani, Motilal Oswal, Dolly Khanna: The superstar investors sitting out the NSE IPO

While public sector entities like SBI cash in on decades-old NSE holdings for massive profits, prominent individual investors including Radhakishan Damani, Sunil Kant Munjal, and S. Gopalakrishnan are opting to retain their substantial stakes. LIC, NSE's largest shareholder, also remains a holdout, contrasting with other institutions realizing significant gains from…

The Economic Times

JioBlackRock Flexi Cap Fund exits Adani Enterprises, Adani Ports and 3 other companies; adds Tata Motors and 14 more stocks

JioBlackRock Flexi Cap Fund exited Adani Enterprises, Adani Ports and three other stocks in May while adding Tata Motors and 14 new stocks to its portfolio, according to monthly disclosures. The fund sold 40,731 shares of Adani Enterprises worth Rs 9.80 crore and exited 76,122 shares of Adani Ports during…

The Economic Times

From Rs 2 crore to Rs 5,000 crore! How NSE IPO is a jackpot for SBI with 256,775% profit

State Bank of India anticipates a massive Rs 5,000 crore profit from the National Stock Exchange's upcoming Rs 30,000 crore IPO. This IPO is set to be India's largest ever. Many long-term investors are also poised for extraordinary returns on their initial investments. The NSE's listing on the BSE follows…

The Economic Times

NSE’s IPO may deliver 6,400-fold return for early backers

NSE’s upcoming IPO is set to generate extraordinary returns for early investors, with some public sector and institutional backers reporting gains of up to 6,400 times. SBI, Temasek, and Morgan Stanley are among key beneficiaries as long-held stakes in the exchange unlock massive value amid India’s capital market expansion.

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