What were the 10 biggest stock market stories in India last week? Let’s find out.
News 1:
Canara Bank takes back fraud tag on Anil Ambani’s company
After previously declaring Anil Ambani's company RCom as a fraud, Canara Bank has now officially withdrawn its words.
Back in 2017, Canara Bank gave a loan of ₹1,050 crore to RCom to support its operations and repay old debts.
Later, the bank suspected the money was misused — invested in mutual funds, loaned to group companies, and sent to related parties.
That’s why they declared the loan as “fraud.”
But when RCom challenged it in court, the Bombay High Court stayed the fraud tag.
So now Canara Bank has withdrawn the fraud label.
However, SBI has also declared RCom a fraud, so the case is still not fully resolved.
News 2:
Nvidia becomes the world’s most valuable company!
Nvidia’s total valuation has crossed $4 trillion.
For comparison:
Apple is at $3.01 trillion
Microsoft is at $3.75 trillion
Just a year ago, in June 2023, Nvidia crossed the $1 trillion mark.
Today, it holds the highest weight in the S&P 500 index at 7.3%, ahead of Apple and Microsoft.
News 3:
SBI plans to raise ₹25,000 crore by selling shares
State Bank of India is planning to raise ₹25,000 crore by selling shares to institutional investors next week.
If successful, this will become India’s largest Qualified Institutional Placement (QIP) ever.
The goal:
Support loan growth
Strengthen the balance sheet
Comply with SEBI's capital adequacy rules
This will be SBI's first equity fundraising since 2017.
News 4:
Lenskart founder Peyush Bansal is buying back shares at a $1 billion valuation
Peyush Bansal plans to take a ₹200 crore loan to buy back shares from existing investors like SoftBank, Chiratae, and TR Capital.
This buyback is happening at a valuation of $1 billion — same as in 2019, even though Lenskart’s IPO valuation is expected to be $10 billion.
After this deal, Bansal’s stake will increase from 4% to 6%. Including ESOPs, his total holding may reach up to 19%.
News 5:
Jio Platforms has postponed its IPO
Mukesh Ambani’s Jio Platforms has decided not to launch its IPO this year.
Analysts estimate the company’s valuation to be over $100 billion, but Jio wants to further strengthen its user base and revenue first.
After this news, Reliance Industries’ stock dropped 1.8%.
Sources say the IPO could now be pushed to 2026, although there is no official confirmation yet.
News 6:
Adani Power completes another thermal plant takeover
Adani Power has acquired Vidarbha Industries Power Ltd (VIPL) for ₹4,000 crore.
Located in Butibori, Nagpur, VIPL is a 600 MW coal-based thermal power plant.
It was under insolvency proceedings, and NCLT Mumbai approved Adani's resolution plan on June 18, 2025.
The deal was finalized on July 7.
Now, Adani Power’s total operational capacity has reached 18,150 MW.
News 7:
Jane Street ban leads to crash in India’s options market
Jane Street — a major Wall Street firm active in India’s derivatives market, especially Bank Nifty — was banned by SEBI on July 4.
SEBI also froze ₹4,700 crore of their funds, citing index manipulation.
Since then, index options turnover has fallen sharply on NSE and BSE.
Bank Nifty volume crashed by over 50%, from 1 billion shares to 495 million.
Experts believe the market could recover in 4–6 weeks if clarity improves.
News 8:
ZEE shareholders reject ₹2,237 crore fundraising proposal
ZEE Entertainment proposed raising ₹2,237.44 crore from promoters Altilis Technologies and Sunbright Mauritius, by issuing them 16.95 crore special shares.
These would have later converted into ordinary shares, increasing the promoters’ stake to 18.4%.
But the proposal was rejected, with only 59.51% shareholders supporting it — well below the required 75% for a special resolution.
ZEE said it respects the decision of both supporters and opposers.
News 9:
Tesla’s first showroom in India to open in Mumbai on July 15
Elon Musk’s Tesla is launching its first Indian showroom (experience center) in Mumbai on July 15.
Tesla had been hiring and searching for locations in both Delhi and Mumbai.
Some Model Y SUVs (rear-wheel drive) have already arrived in India from Tesla’s Shanghai factory.
Tesla has also imported supercharger parts, accessories, merchandise, and spare parts from the US, China, and the Netherlands.
After Mumbai, a showroom is also planned for New Delhi.
The expected final price for Model Y in India (including taxes) is over ₹56 lakh, while the same car costs only ₹30 lakh in the US.
News 10:
India’s quick commerce market reaches ₹64,000 crore in FY25
According to CareEdge, India’s quick commerce market has grown to ₹64,000 crore in FY25 — at a CAGR of 142% since FY22.
By FY28, the market is projected to reach ₹2 lakh crore.
Rising demand for faster deliveries
Quick commerce is now a key part of India’s retail landscape and is expected to grow even more.
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