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Business

Jefferies India Bullish on SBI, ICICI, Axis After RBI Rate Hike

Following the RBI's 25 bps repo rate hike to 5.5% and a shift to calibrated tightening, Jefferies India favors Indian banking stocks over NBFCs. The investment bank expects the rate hike to boost earnings for large private banks, PSU banks, and housing finance companies, while posing slight risks to smaller private banks and NBFCs. The policy change raises consensus rate hike expectations to 75-100 bps, potentially improving Indian banks' performance relative to global financials.

Mint Markets·

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Technology

Bihar Teen Sets Record by Reaching Candy Crush Level 22,222

Shubham Kumar, a 19-year-old student from Dighwara, Bihar, has entered the International Book of Records by reaching Level 22,222 in Candy Crush Saga on July 5, 2026. Recognized as the highest level achieved by a teenager, Kumar studies at Government Engineering College, Siwan. Bihar's Department of Science, Technology and Technical Education has also acknowledged his feat.

NDTV Business··Dighwara

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Politics

NIA Says Sachin Waze Planted SUV Near Ambani's Home as Conspiracy

The National Investigation Agency (NIA) stated that Sachin Waze deliberately placed an explosives-laden SUV outside Mukesh Ambani's residence, Antilia, as part of a conspiracy. The NIA further said Waze aimed to portray himself as a 'super cop' through this act. This revelation is part of the ongoing investigation into the Antilia bomb scare incident.

Amar Ujala··Mumbai

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Business

RBI Governor Says Small UPI Fee Won't Impact Transactions

Reserve Bank of India Governor Sanjay Malhotra stated that a small 0.4% Merchant Discount Rate (MDR) on certain high-value UPI transactions is unlikely to significantly reduce transaction volumes. This fee marks a shift from UPI's zero-MDR policy but aims to sustain the payment ecosystem while maintaining low user charges. UPI remains India's leading digital payment platform with billions of monthly transactions.

Firstpost Business·

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Business

Brookfield Acquires ESR India's Logistics Portfolio for ₹4,300 Crore

Brookfield, a global investment firm, has acquired a 100% stake in ESR India's industrial and logistics real estate portfolio for ₹4,300 crore ($450 million). The portfolio covers 10.5 million square feet across six metro clusters including Mumbai, Pune, Delhi-NCR, Chennai, and Kolkata. It features eight Grade A parks and is 98% leased, with ESR continuing property management in the near term.

Business Standard·

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Business

Vaishali Parekh Recommends Balrampur Chini, Bluestone, Kotak Bank Stocks

Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, recommends buying Balrampur Chini, Bluestone, and Kotak Bank stocks amid market volatility. Following the RBI's 25 basis points rate hike and shift to 'calibrated tightening,' key indices fell with Nifty 50 closing at 22,603. PSU Banks and Media gained, while Metal, Realty, Auto, and IT sectors lagged. Nifty trades in a range of 22,000 to 23,000, indicating cautious market sentiment.

Mint Markets·

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