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LIC MF had an AUM of Rs 18,400 crore and IDBI MF had Rs 3,650 crore as of June. After completion of the merger, out of 20 schemes of IDBI MF, 10 schemes will be merged with similar schemes of LIC MF and the remaining 10 will be taken over by LIC MF on standalone basis, which will take its total scheme count to 38

The bonus equity shares will be issued out of the securities premium account, as on June 26. A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors.

The Securities and Exchange Board of India (SEBI) has imposed fines of INR2m ($27,441) on two former Dewan Housing Finance Corp promoters for violating disclosure norms. The SEBI imposed a penalty of INR1m each on Kapil Wadhawan and Dheeraj Wadhawan for failing to disclose full details about a transaction involving shares held by the company.

The proposed bonus issue is subject to approval of the shareholders of the company in the ensuing annual general meeting. The estimated date by which bonus shares will be credited is September 25. ​The Board has also approved raising of funds up to Rs 12,000 crore from the domestic market through bonds under private placement during FY25 in one or more tranches.

Sectorally, buying was seen in infrastructure, utilities, power, public sector and capital goods while selling was seen in FMCG and healthcare stocks. Stocks that were in focus on Monday include names like BLS International, which rallied more than 14% to hit a fresh 52-week high; Hindustan Copper, which gained over 10%, and IRFC that closed over 9% higher to hit a fresh 52-week high

Tata Consultancy Services (TCS), the largest IT services company, overtook HDFC Bank to become the second most valued firm in India on Monday. TCS commanded a market capitalisation of INR 12,51,798.07 crore, which was INR 6,049.69

Dow rises 7 points, S&P 500 opens higher by 3 points while Nasdaq gains 21 points at the opening bell

In 2014, the Japanese automaker proposed to set up a separate manufacturing unit in Gujarat, to tap the fastest-growing demand.With an aim to tap domestic demand and drive exports from India, Suzuki Motor established SMG in March 2014. In October 2020, SMG became the fastest production site of Suzuki to achieve accumulated automobile production of 1 million units.

Shares of Piramal Enterprises tanked 8% intraday before settling 5.5% lower on the NSE at Rs 1,013.95. The selling was seen after the firm reported its June quarter earnings and announced Rs 1,750 crore share buyback

As observed on July 28, 2023, stocks crossing their 50-day SMA have presented potential opportunities in various sectors, such as fintech, power generation, chemicals, pharmaceuticals, industrial manufacturing, packaging, energy, hospitality, and specialty chemicals.