QIP stands for Qualified Institutional Placement. It is a way for listed companies in India to raise money by issuing shares or convertible securities to qualified institutional buyers (QIBs) without going through complex regulatory processes like public offerings.
In a major shift, Royal Challengers Bangalore has overtaken Chennai Super Kings to become the most valuable IPL franchise. The IPL’s total valuation has jumped to ₹1.56 lakh crore, reflecting its growing commercial success. Punjab Kings also saw a significant 40% year-on-year growth in valuation.
According to SEBI’s recent report, retail investors lost ₹1.06 lakh crore in FY25. A staggering 90% of traders in the derivatives market incurred losses.
Former U.S. President Donald Trump has announced new tariffs on 14 countries, effective August 1, 2025. India has been left out. Japan and South Korea will face 25% duties, while Myanmar will face the highest rate of 40%.
PhonePe and HDFC Bank have launched two new RuPay Co-Branded Credit Cards – ‘Ultimo’ and ‘UNO’. These Credit Cards offer accelerated Reward Points on spends made via PhonePe.
In a shocking case from Jhunjhunu, Rajasthan, a bank manager and four men brutally killed a youth, suspecting he was spying on them during a drunken party. The police have arrested all accused, but the victim’s identity is still unknown.
The RBI has directed CIBIL and other credit bureaus to improve the accuracy and frequency of credit score updates. This move aims to make credit reports more reliable — but will it help or hurt your credit profile?
In a shocking incident in Odisha’s Balasore, an SBI ATM was looted using gas cutters. The robbers also disabled CCTV cameras by spraying paint on them.
There is a big news related to divestment of Government stake in Public Sector Banks. The government is preparing to sell a small portion of its ownership in five public sector banks.