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Private equity major Bain Capital on Tuesday divested a 3.71 per cent stake in wealth management firm 360 ONE WAM for Rs 1,741 crore through open market transactions.

Philip Morris International (PMI) missed second-quarter revenue expectations on Tuesday as shipments of its ZYN nicotine pouches disappointed.

Indian markets closed lower on Tuesday amid selling in pharma, auto, and banking stocks. Nifty remains range-bound. Analysts recommend buying RHI Magnesita India and Tata Chemicals due to strong technical breakouts and bullish momentum indicators.

Dalmia Bharat’s consolidated net profit surged nearly three times on year in the June quarter to Rs 345 crore, helped by an improvement in net sales realisations, which offset the impact of lower sales volumes.

Dixon Technologies expects its operating margins to improve by 120-130 basis points in FY26 and go up even higher in FY27 after a full ramp-up of its new component business, with management expecting to more than compensate for the loss in PLI sops after the scheme ends next year.

Donald Trump called Jerome Powell a numbskull for keeping interest rates high. Trump believes Powell s policies hurt the housing market. He also suggested Powell might be politically motivated. Treasury Secretary Scott Bessent criticized the Fed s spending on building renovations. Bessent wants the Fed to focus on its core monetary policy duties.

Private banks recorded a sharper fall, primarily because they have a higher share of loans priced on the external benchmark linked rate (EBLR) in their portfolio. EBLR adjusts more rapidly to policy changes than the marginal cost of funds-based lending rate (MCLR), the benchmark that most PSB loans are linked to.

Credit card issuers in India experienced a decline in new card additions in June 2025. Reserve Bank of India data indicates overall industry growth turned negative for the first time since Covid-19. Credit card spending also decreased. ICICI Bank and Kotak Mahindra Bank saw significant drops in cards in use. Banks are now focusing on high-quality customers.

A new income tax bill threatens to increase taxes for Indian promoters and family offices using LLPs for investments. The proposed law expands the scope of the Alternative Minimum Tax (AMT) on LLPs, potentially raising the tax rate on profits from the sale of securities from 12.5% to 18.5%, impacting investment entities regardless of claimed deductions.